Florida Real Estate Tax Liens & Tax Deeds
I can share with you how to earn income and provide an excellent service to your clients/investors. I have over 10 years of experience with researching & managing tax lien/deed portfolios. Don't waist your money buying books & CDs that promise "get rich quick" or "buy a home for $295.00"!!! That is not reality!
Florida Statute Chapter 197 defines the sale of Tax Lien Certificates (TLC's) by the County Tax Collector. In part, TLC's are a priority first lien against the property in which the taxes are past due. The maximum annual rate on a TLC in Florida is 18%, simple interest.
When an investor purchases a tax lien from the tax collector, they have to hold them until the taxes are paid or make application for a tax deedto the property. If the investor needs to liquidate for financial, estate settlement or any reason, there is no formal secondary market; TLC's are illiquid. The county does not offer a buy-back plan and most bankers would not accept them as collateral for a loan. This illiquidity creates an informal secondary market, where motivated sellers are willing to discount quality tax liens & deeds in order to cash out. Creating a tremendous investment opportunity for the smarter investor.
If you would like to learn more...contact me.
Dan Platt
941-457-9646
Comments(0)