Reddit reviews The 16% Solution: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates, Revised Edition
We found 1 Reddit comments about The 16% Solution: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates, Revised Edition. Here are the top ones, ranked by their Reddit score.
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when someone buys property, they have to pay property taxes on said property. Sometimes people (for whatever reason) go delinquent on their property taxes. When this goes on long enough, the county puts tax deeds up to auction on properties with delinquent taxes. Basically, you buy up that tax debt, and in return, the county pays you 16+% (16% is the standard, in my county it's 18%) interest on your investment. Also, if i'm not mistaken, after you've bought up a few years of tax deeds on a certain property, you can request the property itself go to auction, where you could actually end up owning that property for auction prices. I might be comingling tax certificates with tax deeds, so you should do your own independent research on this topic. But it's definitely worth looking into.
The 16% solution - book