This comprehensive FAQ is key to getting started in the world of Tax Lien Certificates. Interested in getting one step closer? Get free access to this wonderful gift: tedthomas.com/ytl-27346/
Hello I new to your channel I'm a little confused about if you buy the lein certificate & do not own the property & I pay their back taxes how am I making money?
Hi Ted, I'm 18 years old finding out about buying tax lien certificates. I think you may have just changed the trajectory of my life forever. Thanks, very helpful
Thank you for your kind words! Make sure to check out this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
@Ted-Thomas ok. Step 1 buy certificate from online or county tax assessor? Step 2 Get the certificate and keep for 2-3 years. After that time you will either be allowed to participate in an auction or receive your money back you paid for the certificate plus interest of 18%, I'm in Broward County FL. Been interest in this for atleast 8-9 years. Always on the site but get out bidded. Can the tax liens be bought on site or I have to go to Tax Assessor ofc here in South FL?
I've seen properties that are "worthless" but the taxes owed is only like $900, and post redemption period... the house is yours once you pay the taxes...it can be renovated
Ted I must say, hands down!!! You are a phenomenal teacher!!! Thank you for being you!!! I am so inspired by the truth and grateful for your delivery and admonitions to release stress through genuine love, compassion, integrity, and last but never least, outstanding Character! Thanks Mr. Ted Thomas!!!
The homestead laws in each state are different, the homestead filing will not prevent a tax auction - the auction will still take place. The laws in Florida and Texas are similar however different… the redeemable deed ultimately if the property is not redeemed the mortgage will be wiped out in Texas. - Ted Thomas
If there's a 3 year redemption period, and the home owner doesn't pay year 2 or 3 either, and someone else buys those liens how does property get split at foreclosure? First lien takes it all (and pays off #2 & #3)? A 3 way split? Is there anyway to tell where in this stack I might be? Same if the home owner files for bankruptcy? I assume the tax lien is just in the stack or is lost?
No the county does not split up the foreclosure. The first certificate holder has first rights to buy the tax lien certificate each year after the initial delinquency which ensures you have the right to foreclose after the redemption period passes. - Ted Thomas Team
@Ted-Thomas Thank you. But what happens if I'm #2 of 3, or I don't buy years 2 or 3? Q: What happens if 3 different people each own 3 a tax certificate on the same property? Thanks in advance. I am signing up for your course this next weekend.
I just started watching your videos today and cant stop watching them. Clarification for tax lien certificates, you said you can get money back 2-3yrs on avg, is that the case if say homeowner paid in 3weeks? Im confused on that part.
The percent rate on tax liens in annualized, so if the homeowner pays sooner, you will receive your interest based on how long its been outstanding - Ted Thomas Team
Great videos Tom.. To be clear, if the taxes are not repaid within the redemption period, you can apply for the tax deed, if you don't want to obtain the property you have to wait for the tax deed sale to occur and you receive your money from the proceeds of the sale?
Hi Juan, your question is a bit confusing. With tax lien certificates auctions if the homeowner does not pay back the delinquent property taxes plus interest, than after the redemption period passes, you are the owner of the property. In Florida is the only case where it will go to a secondary auction, a tax deed auction, where the certificate holder will get paid the interest after that second auction has concluded. In any other state though, you would obtain the property from the tax lien certificate that was past the redemption period. I hope that clears some things up! - Ted Thomas Team
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
If not redeemed, and dont want property, and goes to deed auction, once purchased at auction, would i get paid then? Since tax bill is starting amount of bid?
Questions? What happens to the Mortgage Loans or Liens or judgements attached to the Property? Also the owner doesn’t have to leave the property so what happens?
Great questions - the mortgage is wiped out! If there are occupants still in the home we teach certain methods to communicate with the occupants to leave, but ultimately you would need to do an eviction. - Ted Thomas Team
Thanks for your question, the bidding method with tax lien certificates is to bid down the percentage rate, whatever percentage you are willing to accept is what you will receive one the certificate has been redeemed, plus the full amount you invested. It does depend on the competition of the county, to be sure to get the full maximum rate it might be best to look at the over the counter list - Ted Thomas Team
How can you generate monthly income using this tax lien investing method when it could take 2 to 3 years to get your initial investment and return from the county?
We teach you how to invest in properties that are more likely to redeem,. tax liens are a passive income. I am not sure any other investment that can guarantee you a 25% return or the property - Ted Thomas Team
Hello Ted I’m 20 years old, live in Pa and have been interested in real estate this definitely opened my eyes to a good way to start it’s just very confusing
Yes we do! Our seminars are available to our students. If you are interested in the details please contact us by email at info@tedthomas.com or call our office at 321-449-9940 - Ted Thomas Team
Hi, that will be stated on the county's Treasurer website, but we have made it easier and all in one state. Here is a list of tax lien certificate states and their interest rate: tedthomas.com/faqs/tax-lien-certificate-states/
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
Does anyone know how the collections process works? Is the buyer responsible for collecting the tax money? Or does the county still do the collections on the buyers behalf?
The buyer does nothing but wait to hear from the local county! The local county is responsible for collecting the delinquent taxes from the original owner and writing you a check afterword's. - Ted Thomas Team
Hi Ted, Can you provide some guidance? I live in Florida and just need to be pointed in the right direction for tax lien certificates and possible tax lien defaults. And do you offer classes in this area? Wanting to generate passive income. Thank you in advance
Hi, yes we have a one day virtual workshop which discusses Florida tax lien certificates. The tax lien auction in Florida happens every year in the month of May and June. I encourage you to sign up for our virtual workshop, here are the details: tedthomas.com/1dayworkshop
When you purchase the tax lien is the home still occupied by the owner or empty? I’m assuming if there is a 2-3 yr redemption period that it is still owner occupied right?
I am John Brown you have spoken many times about your calendar once you join. I spoke with Lance. He showed your calendar once and I can't see it anymore. How do I get your midget calendar so I can use it..thank you John Brown
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
We don't have newspapers anymore. When was this video made? So you're supposed to drive all over the county? How can you can into the country club grounds. How could the average person own these properties and then afford to pay the ins and prop taxes?
This video is recent, still till this day, by law, they must publish in the local newspaper. However, nowadays the list is available online through the County Treasurer office. - Ted Thomas Team
I think your subscribers should all watch/rewatch the 1939 movie, 'Gone with the Wind.' The million dollar question in the movie is "How we ever gonna pay the taxes on Tara?" and what Miss Scarlett had to do to prevent the Yankee overseer and his sleazy wife from getting their hands on her ancestral home.
So if I buy a tax lien certificate on a home and the owner doesn't pay their taxes in the next couple years, do I get the property or do I lose my money?
This comprehensive FAQ is key to getting started in the world of Tax Lien Certificates. Interested in getting one step closer? Get free access to this wonderful gift: tedthomas.com/ytl-27346/
I bought the ebook on Kindle but the links don't work
Hello I new to your channel I'm a little confused about if you buy the lein certificate & do not own the property & I pay their back taxes how am I making money?
TED'S THE MAN
Hi Ted, I'm 18 years old finding out about buying tax lien certificates. I think you may have just changed the trajectory of my life forever. Thanks, very helpful
Thank you for your kind words! Make sure to check out this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
This is so helpful thank you so much for this awesome information sr.
@Ted-Thomas ok. Step 1 buy certificate from online or county tax assessor? Step 2 Get the certificate and keep for 2-3 years. After that time you will either be allowed to participate in an auction or receive your money back you paid for the certificate plus interest of 18%, I'm in Broward County FL. Been interest in this for atleast 8-9 years. Always on the site but get out bidded. Can the tax liens be bought on site or I have to go to Tax Assessor ofc here in South FL?
@@Ted-Thomaslol
I wish I figured this out at 18!
I've seen properties that are "worthless" but the taxes owed is only like $900, and post redemption period... the house is yours once you pay the taxes...it can be renovated
The maximum is 18%. You bid against other buyers & the rates keep getting lowered. The good properties are usually under 5%.
Ted I must say, hands down!!! You are a phenomenal teacher!!! Thank you for being you!!! I am so inspired by the truth and grateful for your delivery and admonitions to release stress through genuine love, compassion, integrity, and last but never least, outstanding Character!
Thanks Mr. Ted Thomas!!!
True Angels , truly defining while doing the work of the most High God!
Your explanation is the best out there.
2 questions:
1. how do homestead exemptions affect tax deed sales?
2. do redeemable tax deed auctions in Texas & Florida wipe out mortgages?
The homestead laws in each state are different, the homestead filing will not prevent a tax auction - the auction will still take place. The laws in Florida and Texas are similar however different… the redeemable deed ultimately if the property is not redeemed the mortgage will be wiped out in Texas. - Ted Thomas
If there's a 3 year redemption period, and the home owner doesn't pay year 2 or 3 either, and someone else buys those liens how does property get split at foreclosure? First lien takes it all (and pays off #2 & #3)? A 3 way split? Is there anyway to tell where in this stack I might be?
Same if the home owner files for bankruptcy? I assume the tax lien is just in the stack or is lost?
No the county does not split up the foreclosure. The first certificate holder has first rights to buy the tax lien certificate each year after the initial delinquency which ensures you have the right to foreclose after the redemption period passes. - Ted Thomas Team
@Ted-Thomas Thank you. But what happens if I'm #2 of 3, or I don't buy years 2 or 3? Q: What happens if 3 different people each own 3 a tax certificate on the same property?
Thanks in advance. I am signing up for your course this next weekend.
Wow. Thanks for the video. I thought I was too old to start investing now.
I just started watching your videos today and cant stop watching them. Clarification for tax lien certificates, you said you can get money back 2-3yrs on avg, is that the case if say homeowner paid in 3weeks? Im confused on that part.
The percent rate on tax liens in annualized, so if the homeowner pays sooner, you will receive your interest based on how long its been outstanding - Ted Thomas Team
Great videos Tom.. To be clear, if the taxes are not repaid within the redemption period, you can apply for the tax deed, if you don't want to obtain the property you have to wait for the tax deed sale to occur and you receive your money from the proceeds of the sale?
Hi Juan, your question is a bit confusing. With tax lien certificates auctions if the homeowner does not pay back the delinquent property taxes plus interest, than after the redemption period passes, you are the owner of the property. In Florida is the only case where it will go to a secondary auction, a tax deed auction, where the certificate holder will get paid the interest after that second auction has concluded. In any other state though, you would obtain the property from the tax lien certificate that was past the redemption period. I hope that clears some things up! - Ted Thomas Team
Very informative vid provided great alpha on an investment most folks don’t know about ✅
OMG !! great explain thank you so much
Love it!!
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
Appreciate your information Ted thank you so much...
If not redeemed, and dont want property, and goes to deed auction, once purchased at auction, would i get paid then? Since tax bill is starting amount of bid?
Yes you will get paid as the certificate holder after the tax deed auction! - Ted Thomas Team
Thank you that makes it more safe that it would get paid after second auction
Thank You for the video. 'i love this. Very clear.
Questions? What happens to the Mortgage Loans or Liens or judgements attached to the Property? Also the owner doesn’t have to leave the property so what happens?
Great questions - the mortgage is wiped out! If there are occupants still in the home we teach certain methods to communicate with the occupants to leave, but ultimately you would need to do an eviction. - Ted Thomas Team
When you buy this tax lien certificate in order to take ownership if they dont pay do you have to apply for tax deed?
Yes you need to contact the county for the specific steps to take - Ted Thomas Team
How often do u get full interest ? Why would I care if the top is 18% or 12% if it’s a bid down format? Seems like at the end of the day 5-7%??
Thanks for your question, the bidding method with tax lien certificates is to bid down the percentage rate, whatever percentage you are willing to accept is what you will receive one the certificate has been redeemed, plus the full amount you invested. It does depend on the competition of the county, to be sure to get the full maximum rate it might be best to look at the over the counter list - Ted Thomas Team
How can you generate monthly income using this tax lien investing method when it could take 2 to 3 years to get your initial investment and return from the county?
More studying buddy
We teach you how to invest in properties that are more likely to redeem,. tax liens are a passive income. I am not sure any other investment that can guarantee you a 25% return or the property - Ted Thomas Team
Hello Ted I’m 20 years old, live in Pa and have been interested in real estate this definitely opened my eyes to a good way to start it’s just very confusing
We have a one day virtual workshop that can help you understand the process better, here is a link to check it out: tedthomas.com/1dayworkshop
Do you do in person seminars? I’m interested in start investing in SC tax lien certificates.
Yes we do! Our seminars are available to our students. If you are interested in the details please contact us by email at info@tedthomas.com or call our office at 321-449-9940 - Ted Thomas Team
Where do you find the interest rates for each state/county?
Hi, that will be stated on the county's Treasurer website, but we have made it easier and all in one state. Here is a list of tax lien certificate states and their interest rate: tedthomas.com/faqs/tax-lien-certificate-states/
Thank you so much for this life saving information
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
Does anyone know how the collections process works? Is the buyer responsible for collecting the tax money? Or does the county still do the collections on the buyers behalf?
The buyer does nothing but wait to hear from the local county! The local county is responsible for collecting the delinquent taxes from the original owner and writing you a check afterword's. - Ted Thomas Team
@@Ted-ThomasWell if I have the property because they didn't pay the taxes, why would they pay now? They didn't have the money.
Hi Ted, Can you provide some guidance? I live in Florida and just need to be pointed in the right direction for tax lien certificates and possible tax lien defaults. And do you offer classes in this area? Wanting to generate passive income. Thank you in advance
Hi, yes we have a one day virtual workshop which discusses Florida tax lien certificates. The tax lien auction in Florida happens every year in the month of May and June. I encourage you to sign up for our virtual workshop, here are the details: tedthomas.com/1dayworkshop
Thanks for this video
When you purchase the tax lien is the home still occupied by the owner or empty? I’m assuming if there is a 2-3 yr redemption period that it is still owner occupied right?
Yes it can be owner occupied - Ted Thomas Team
Dear Mr. Ted Thomas, I am on social security and don't have much investment capital. How much money would I need to get started?
Tax liens start as low as $50 - however a good recommendation is to have a few thousand dollars to get started. - Ted Thomas Team
Ted over the county liens are they worth buying
Yes, as long as you do your proper due diligence! - Ted Thomas Team
This is very interesting!
Thank you! Make sure to grab your Free Calendar of Tax Sale Properties up for Auction & Ted's Vital Insider's Report Here. tedthomas.com/freeytl/
I am John Brown you have spoken many times about your calendar once you join. I spoke with Lance. He showed your calendar once and I can't see it anymore. How do I get your midget calendar so I can use it..thank you John Brown
Thank you !
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
good information
How do you qualify to get the deed when they don't come get the certificate?
The county you invested in will have the specific instructions to follow - Ted Thomas Team
Thanks for the insight Ted 👍🏽
Thank you! With this link, you can sign up for FREE to access information on all 50 states, along with a calendar highlighting upcoming auctions in your chosen state! tedthomas.com/freeytl/
We don't have newspapers anymore. When was this video made? So you're supposed to drive all over the county? How can you can into the country club grounds. How could the average person own these properties and then afford to pay the ins and prop taxes?
This video is recent, still till this day, by law, they must publish in the local newspaper. However, nowadays the list is available online through the County Treasurer office. - Ted Thomas Team
The newspaper 🗞️ are online now 🙂
I’m Lake Charles but live in Texas still read American press 🥹
I think your subscribers should all watch/rewatch the 1939 movie, 'Gone with the Wind.' The million dollar question in the movie is "How we ever gonna pay the taxes on Tara?" and what Miss Scarlett had to do to prevent the Yankee overseer and his sleazy wife from getting their hands on her ancestral home.
Do y6ou teach Tax Deed also
Yes we do! - Ted Thomas Team
@@Ted-ThomasI'm interested in Tax Deed
How is lake county indiana tax leans?
Learn how Indiana tax sale work here: ua-cam.com/video/LsEFs7uqzbA/v-deo.html
So if I buy a tax lien certificate on a home and the owner doesn't pay their taxes in the next couple years, do I get the property or do I lose my money?
No - if you don't get paid on the tax lien certificate you get the property
And if the homeowner continues to live there. How about the squatters rights
@@FlordelizaEspiga Good question - Following
@FlordelizaEspiga yes great question I want to know his response to this question.
You are responsible for all the hell that follows
Cool investing
excellent
My question is. Did TAX Investing Guru John Lane Die? You never here about him anymore
Im not sure about that!
@Ted-Thomas you know who I'm talking about though? Years ago he had an active UA-cam channel website to find deals, live UA-cam nights.
Once you pay the tax Lien do you own the house.
No, you do not have rights to the home with a tax lien certificate. Only tax deed auctions grant you the deed and ownership. - Ted Thomas Team
I kinda wished this whole thing began with the "Wait til you have about $5,000.00 to start" part. Good day, America. 😫
Thank you Ted. Where is the link to start your training for this?
Hi! Here is the link to our virtual workshop: tedthomas.com/1dayworkshop