Profiting from Unpaid Property Taxes with Ted Thomas

Discover why it may be a good idea to invest in tax lien and tax deed properties even when you are busy with your current real estate investing business at the moment, learn how and where to buy properties at auction, the easy way, and find out how to go about buying tax lien and tax deed properties online the secure way.

Resources/Links

www.TedThomas.com

Summary

Most people consider Ted Thomas America’s Tax Lien Certificate and Tax Deed Authority. Since 1989 Ted has been teaching and guiding newcomers and serious-minded investors on how to make money with safe, secure, and predictable tax lien certificates.  

In this episode, Ted expertly articulated how to go about investing in tax lien and tax deed type of real estate property investing, that it’s not as hard as you might seem to see it. Find out more how you can leverage on this strategy depending on what type of investor you are, be it a conservative or entrepreneurial one. 

Topics Covered:

• 01:12 –  How he transitioned from being a pilot to a real estate investor
• 02:46 –  What are a tax-defaulted property, tax lien, and tax deed
• 04:54 –  Why tax lien is for conservative investors and tax deed is for entrepreneurial ones
• 07:40 –  The challenge of people not knowing about auctions being held 
• 09:23 –  Is it lucrative to buy tax liens in parts of Canada
• 10:29 –  How can one from other countries buy tax lien in Florida by way of an online transaction
• 11:03 –  Giving a picture on how to do it online
• 12:38 –  How does this strategy fit into one’s current real estate investing business
• 13:40 – Is buying tax lien and tax deed properties a good idea to flip them 
• 14:47 –  What are the common mistakes investors have when they get started in tax lien and tax deed properties
• 16:35 –  What is a good amount of capital to get started with this kind of business

Key Takeaways:

“Well, first of all, that you could actually buy tax liens in parts of Canada. But the challenge is this, to my knowledge, unless they changed it in the last year since I’ve been teaching there, I’m going to tell you the highest rate I’ve ever seen in all of Canada is 3%. So, why would you want to get involved in 3% when in Florida you can make 185,  I could make 24% in Chicago, Illinois tax certificates pay 3% a month. That’s 36% a year. So my Canadian clients and I have hundreds of them all buy in the States.” – Ted Thomas

“I have clients all over the English-speaking world buying here and there in Florida and all over the States. I teach my Canadian clients, just let us give you some exposure to it and we’ll put you online to do this, and you’re going to say, Oh, but I don’t want to use the computer. We can show them how to use the computer and buy it. I have clients all over British Columbia, Alberta, and all over Ontario already doing this now and I’m talking about people that are making six-figure incomes doing this business in the States.” – Ted Thomas 

Connect with Ted Thomas:

• Tedthomas.com
• Imagine Wealth Without Risk
• LinkedIn

Connect with Dave Dubeau:

• Property Profits Podcast
• www.davedubeau.com
• www.investorattractiondemo.com
• Facebook
• LinkedIn

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