I Just Bought my First Tax Lien!

Hello!

As you can tell from the title, I just bought my first tax lien. I just sat on my couch in Texas and made a real estate investment in Florida! This is so exciting for me! I’ve been learning about investing in liens for most of a week now. I’ve been wanting to invest like this ever since I first heard about tax liens.

This is an almost (like, 99%) foolproof way to invest and make around 18% returns on your money. Basically, local governments place liens on properties when they don’t pay their property taxes. You can buy these liens, and then you either get 18% interest back on your money ($100 becomes $118), OR you can get the entire property if the owner doesn’t pay off the lien from the local government.

A lot of people try to invest with the goal of getting the property to sell. This is an easy way to make tons of money back (because for $1000 tax lien, you could potentially sell a $100,000 property without doing any work to “flip” it). That’s not my goal, though. Maybe someday, since that sounds pretty great, but I am only focusing on the interest right now.

I still don’t know enough to get into the nitty-gritty. I actually didn’t even complete the training before buying my first lien. I figured I would do enough of the training to begin investing, and then I can complete the rest of the training before I expand my investments. So if you want to learn more, I’ll just point you towards Jay Drexel’s training over at awesomerei.com.

I hope to invest another $140(ish) over the next week, but I began by investing less than $60. I’ll only make about $10 on this investment, but right now I’m only trying to get a “proof of concept” to show a bank. I did some math, and it would take me years to get the funds to do this even part-time. I need to support my family, and I would need enough funds to invest to be able to do so. With a “proof of concept,” I think I can get a bank to grant me a loan. Then, I can invest that loan, pay the loan back, and keep any interest on top. Just add a few 0s to the original numbers up there. A $60,000 loan would come back as enough for me to pay the bank back with their interest and keep nearly $10K. Even a small loan would be able to get me into investing faster and take months (if not years) off of my investing journey.

Did I mention that I am so excited?!?

I’m going to end this post now. If I keep going, I’m just going to repeat myself.

But, guys, I just sat on my couch in Texas and made a real estate investment in Florida! That’s huge! The future is now!

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