Thank you for visiting us. We are currently updating our shopping cart and regret to advise that it will be unavailable until September 1, 2014. We apologise for any inconvenience and look forward to serving you again.

Wiley
Wiley.com
Print this page Share

Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds

ISBN: 978-1-118-35647-0
186 pages
October 2012
Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds (1118356470) cover image
Get the confidence and tools to take advantage of this growing method of investing

Tax liens sales and tax deed auctions, conducted by governmental agencies for delinquent taxes on real estate, are not new—they have been around for more than 200 years. But until recently, they remained a small niche market for investors. However, as more people become delinquent on their real estate taxes due to the increased foreclosure market, and local governments look for revenues wherever they can find them, this investing methodology has become increasingly popular - and it can be done from anywhere. Zero Risk Real Estate shows readers exactly what to look for, what to avoid, and how to get the biggest return with the smallest amount of risk.

  • Explains how to utilize the internet for research and investing from anywhere in the world!
  • Gives step-by-step advice on how to determine your investment objectives and where to find tax sale listings
  • Details how to take advantage of "over-the-counter" bargains and increase your returns
  • Shows what to do once you have your new tax certificate, and how to "cash in"

This is not a get-rich-quick infomercial approach—it is a real investing strategy that is expected to grow over the next several years as an appealing alternative to the stock market and other investments. Using real-life examples and case studies, this book walks you through the process step-by-step to make it easy for beginners, and shares advanced investing techniques for more experienced investors.

See More

Foreword Sharon Lechter xiii

Acknowledgments xv

Introduction xvii

Downloadable Letters, Forms, and Scripts xix

Demonstration Videos xxi

Chapter 1 Understanding Tax Liens and Deeds 1

Real Estate and the Property Tax Process 4

What Is a Tax Lien? 6

What Is a Tax Deed? 9

Understanding Redemption Periods 11

What About the Real Estate Market Collapse? 12

What Makes These Types of Investments Zero Risk? 14

Chapter 2 Getting Started 17

Selecting Your Location 20

Finding Tax Sale Listings 24

Filtering Your Data 32

Evaluating Different Types of Properties 33

Conducting Internet Property Research 41

Recruiting Local Help 43

10 Rules for Qualifying Every Property 46

Setting Your Bids 46

Chapter 3 Going, Going, Gone! 49

The First Auctions 51

Types of Auctions 52

Onsite Auction Tips 56

Online Auctions—Bidding in Your Pajamas! 60

Online Auction Strategies 61

Cancelling Your Bid 63

Over-The-Counter Bargains 64

Paying for Your Winning Bid 65

Chapter 4 Protecting Your Investment 67

What To Do First 69

Protecting Your Tax Lien Interest 72

Protecting Your Tax Deed 73

Insurance and Property Maintenance 75

What To Do When Your Property Doesn’t Redeem 76

Chapter 5 Taking Control of Your Property 79

Do You Really Want To Own It? 81

Understanding the Foreclosure Process 83

The Costs of Foreclosure and Possession 86

Adverse Possession 87

Eminent Domain and Condemnation 88

The Art of Eviction—or Not! 89

Dealing with Former Owners 92

Other Legal or Equitable Interest Holders 94

Chapter 6 Avoiding and Eliminating Risk 95

Risk Elimination 97

The Risks of Illiquidity 103

Managing the Property 104

Chapter 7 Liquidation and Cashing In 107

Creating an Exit Plan 109

Hold and Rent Strategy 111

Rapid Liquidation 116

Creating Long-Term Wealth Using Installments 117

Chapter 8 Advanced Strategies 121

Using Traditional Funding 123

Tapping into Private Money 124

Corporate Investing 125

Locating Investment Capital 126

Investing Using Retirement Accounts 127

Tax Strategies 130

Unique Types of Property Deals 131

Chapter 9 Tracking Your Investments 133

Setting Up a Simple System 135

Accruals and Yield Information 138

Maintaining Contacts and Lien Lists 139

Generating Reports 139

Chapter 10 Taking Action 143

What To Do Now! 145

The Complete 13-Step Checklist 145

Measuring Your Success 151

Setting Goals and Evaluating Results 152

Final Thoughts 152

Appendix A 101 Online Resources 155

Appendix B State Listings 161

Glossary 165

About the Author 179

Index 181

Free Bonus Forms and Videos 186

See More

Chip Cummings is host of the nationally syndicated Financial Fitness Show and the past president of the Michigan Association of Mortgage Professionals, with over $1 billion in mortgage and real estate (buy/sell) volume. He provides consulting services to leading institutions and speaks to thousands of industry professionals each year. He has been featured on Fox News, NBC News, and MSNBC and is the author of Cashing In on Pre-foreclosures and Short Sales (Wiley).

See More
October 01, 2012
Zero Risk Real Estate

Tax liens sales and tax deed auctions, conducted by governmental agencies for delinquent taxes on real estate, are not new-they have been around for more than 200 years.  Until recently, they remained a relatively small market for investors.  However, as more and more people become delinquent on their real estate taxes and local governments look for revenues wherever they can find them, this investing methodology has become increasingly popular.

In his new book, Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds, Certified Mortgage Consultant Chip Cummings shows readers exactly what to look for, what to avoid, and how to get the biggest return with the smallest amount of risk.

Cummings explains that this is not a get-rich-quick infomercial approach—it is a real investing strategy that is expected to grow over the next several years as an appealing alternative to the stock market and other investments. Using real-life examples and case studies, Cummings walks readers through the process step-by-step, to make it easy for beginners, and sharing advanced investing techniques, for more experienced investors, with insight such as:

  • How an investment in tax liens or tax deeds can yield an interest rate as high as 18%, 24% or even 50%-and the returns are guaranteed
  • The misconceptions that investors typically have about the tax foreclosure process
  • How to determine your investment objectives and where to find tax sale listings
  • How to take advantage of "over-the-counter" bargains and increase returns
  • What to do once you've won your new tax certificate
  • Explains how to utilize the internet for research and investing from anywhere in the world
See More
Back to Top