Are you interested in your sum from 6 to 50%, which is secured with property tax against real estate?
Author Joel S. Moskowitz explains how investors can buy less-known tax certifications that pay high yields in his book, "The 16 percent Solution"
As a bonus, although the author warns that it rarely happens, an investor can deceive and buy property. Nevertheless, he warns that property owners are usually frustrated, so investors should only be satisfied with high yields.
What is a tax certificate?
When the real estate owner does not pay property tax, 27 states and 1,152 cities and states are selling tax certification certificates to investors. The government immediately gets its property tax. The investor obtains tax collection, which is then secured by real estate.
Tax certificate certificate is different from state law. Arizona's highest interest rate is 16 percent, Florida pays 18 percent, and Michigan's 50 percent in the second year. If the owner of the property does not return the property by the investor, paying the return tax at high interest rate, the investor obtains the title and possession of the property.
New investors can start small, perhaps investing several hundred or several thousand dollars, buy more property tax certificates. Although not all states are smart enough to speed up tax collections, after reading this book they will know why they need it.
At the time of writing, countries with tax credits include Alabama, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Mississippi, Nebraska, New Hampshire, York, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Vermont, West Virginia and Wyoming.
The book lists the interest rates and the state-state order in the absolute annex. For those real estate investors who want high profits without a physical management asset, this new book shows how to do it. It also explains a few barriers that you can avoid and how to get the best certificates with the highest possible profits.
On the scale of 10 to 10, this wonderful book is about 10.