|
The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates | 
 enlarge | Author: Joel S. Moskowitz
Publisher: Andrews McMeel Publishing
Category: Book
List Price: $26.99
Buy Used: $8.42
You Save: $18.57 (69%)
New (34) Used (43) Collectible (1) from $8.42
Rating:  50 reviews
Sales Rank: 26915
Media: Hardcover
Pages: 208
Number Of Items: 1
Shipping Weight (lbs): 1.3
Dimensions (in): 9.1 x 7.3 x 0.6
ISBN: 0836280849
Dewey Decimal Number: 332.6324
EAN: 9780836280845
ASIN: 0836280849
Publication Date: November 23, 1994
Availability: Usually ships in 1-2 business days
| |
| Similar Items:
|
| Editorial Reviews:
Product Description
A comprehensive guide to personal finance and investment explains how to achieve the maximum financial yield in a time of low interest rates and a weak stock market, discussing such options as tax lien certificates and their benefits. 50,000 first printing.
|
| Customer Reviews: Read 45 more reviews...
 The Best Source for Tax Lien Investors November 13, 2008
Mitch Paioff (Littleton, CO)
I read this book a few years ago when I started buying tax lien certificates in Colorado. To my knowledge, this is the only book out there on this topic.
Joel Moskowitz is an attorney and he has put together an excellent book. The first half of the book (about 100 pages) discusses the basics. Included are 1) What are tax lien certificates?, 2) What to look for in properties, 3) Bidding at local auctions, 4) How to redeem your certificates, and many other topics.
The second half of the book (about 95 pages) is made up of four appendices: 1) Chart of state laws, 2) The 16% winner's circle, 3) Environmental forms for commercial and industrial properties, and 4) Further information.
As for myself, I live in Colorado and have been to about 18 auctions since 2001. I did acquire one property in Elbert County in 2005 and made a pretty nice profit. I came within 12 days of getting a two acre lakefront lot in another county worth over $100,000 last year (2007), but the taxes were paid by the owner. I made several hundred dollars in interest income on that one, however.
I continue to buy tax lien certificates every year. Hopefully I will acquire some good properties.
As for the book, it is well worth the money. I highly recommend it.
Mitch Paioff, Author, Getting Started as an Independent Computer Consultant
Getting Started as an Independent Computer Consultant
 The 16% Solution August 29, 2008
L. Butler (Center of the United States)
This will get you started but it has only scratched the surface of what you really need to do regarding the tax lien certificate process. I think this book is best for gauging your interest level to see if you want to explore further.
 Good presentation, easy to read, a little rosy for my tastes March 29, 2008
Xenocrates
1 out of 1 found this review helpful
This book rates well with me in terms of presentation and qualified information. I will admit at the front that I have never purchased a tax lien and I would weigh that heavily in terms of the merits of any review of this book. If there are among these reviews some who have purchased tax liens and have not lost their shirt in the process, I would weigh their review ahead of all others.
With that said, I should note that I have a considerable amount of experience in the real estate arena which will validate at least some of my review. Despite this book being presented in a very qualified manner, experience will show that typically the returns presented in investment specific books (particularly those with the anticipated return on its cover) are almost always on the rosy end of reality.
Obtaining liens at this high a rate will inevitably not be as easily achievable as this book presents. That is not to suggest is not possible, as I am quite aware it is. I say this more as a caution because this book spends only a minimal amount of time on risk and otherwise encompasses nearly all its time on the potential reward. For this reason I am in the middle of the road on how I view this book and thus give it 3 stars.
To reiterate, I admit I have not purchased any tax liens, so understand that this opinion is based on what I know of the entire market place of real estate and anticipated returns. If tax liens are of interest to you, this book will in fact provide you with a solid foundation about the intricacies of such dealings.
Just buy this book if you are interested in Tax Lein Certificates. January 22, 2008
J. Kaufman (Las Vegas, NV)
2 out of 2 found this review helpful
This book is great if you want to get acclimated with Tax Liens. I would say the book is superior when it comes to actually giving you numbers for each state and explaining the dynamics in each.
I will say that other books on the subject will educate you probably just as well, but this is considered the standard on the subject and I found it's appendix in the back for each state better than the rest. BOTTOM LINE: I took out every book at the library on the subject, read them all, and then bought this book to keep around.
Great Inro into Real Estate January 13, 2008
J. FERRARA (Mount Pocono, Pennsylvania)
4 out of 4 found this review helpful
This book discribes how investors can make money in the tax lien market. Tax liens are those liens attached to your deed when you do not pay your property taxes. Since your municpality needs these taxes to pay for service (fire, police, etc.) and they do not need the real estate, they either sell the liens or the actual real estate (not really covered in this book) at an auction. The investor needs to wait a period of time (Each State is Differnt) and then the investor forcloses on the defaltee either requiring the tax payer to pay cash or take possesion of the real estate to do what he wishes with it.
The four sectons of the book explain the basics of these liens, what they are, how to get them, who to contact, what to look for, where they are held and the basics of how to redeam them. There is also a reference on the individual state laws on how each state handles the leins and what the investor must do.
Mr. Moskowitz gives plenty of exapmples of which states has tax liens (Certificates) and which ones have tax deeds (Real Estate). He explains the pros and cons of each and he explains how to take advantage of each situation.
For the small investor though, this can cause some problems as your cash is tied up for a period time and you may have to foreclose on the tax payer when then do not pay. If you need the money and there are no current markets to to sell off your certificate if the need arrises. If you have enough money to part with, investing in these vehicles are safe and secure and you can get some hefty profits from them if you are willing to deal with som small problems.
He reminds you that these profits are guarrenteed by the government and are perfectly legal.
This book helps you understand the concept of these investments, but you need to do more research before you start. Are you willing to evict someone when there term is up. Many states allow tax payers to pay thier taxes after the have sold it you with out owing you interest (generally with in a certain time frame). These and other questions needs to be ask as you read the book.
Mr. Moskowitz does a great job at explaining everything except how to get tax Deed (real estate). This is recommened as a starting point for anyone who want to get involved in this type of investment. Further reading and inquiry of others who actually use these investments are still needed.
|
|
|
Payroll-Software-and-Books.com | |
