by Don Sausa
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Product Description
The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds introduces you to the best investment alternative of stocks, bonds, and mutual funds. Every month, smart investors are placing their money in fixed interest rates of 16 percent or more in government-sponsored tax liens. Plus, learn how to invest in foreclosure tax deeds. All of this in 7 days! From the publishers of Investing Without Losing, ISBN 0978834607.
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Average Customer Review:
0 of 0 people found the following review helpful:
 More on Tax Liens and Foreclosure Deeds..., 2010-02-19
This week I decided to learn a little more about tax liens and foreclosure deeds. I read the book The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds by Don Sausa. This book in combination with The 16% Solution will give you all the information you will ever need on the subject.
The book is very short and is broken into 7 days, and the book is so short it would only take a slow reader about 4 hours to read it. The flow of chapters is really good. It works through the process from beginning to end, so if you were to use it as a reference it wouldn't be hard at all to find what you are looking for at all.
The thing I liked most about this book was the shear amount of resources it opened my eyes to. It shows websites to find the liens and deeds and also shows websites that will offer support for selling or research. I even think this book's resources would be great for the average real estate investor. There isn't a lot of information that I could convey to you that I didn't already mention in The 16% Solution blog. Although, if you are interested in tax liens and found they aren't available in your state, consult this book because it has a full list of the states that offer foreclosure deeds. Minnesota, for example, does not offer liens, but does offer deeds. They are more expensive than liens, but you own the property directly after the sale. No one has to default on their payment for you to come into ownership of property because the state already owns the property and they just want to get rid of it. The deed is just a liability for the state, so they will give you a discounted price to take it off their hands.
Personally, I think that investing in tax liens is something that should just be done as a hobby because the return on investment does not justify the time it takes to go through the whole process. However, it is really fun to search out and go to auction. Foreclosure Deeds, on the other hand, can definitely be worth while. They require much more due diligence, but your return on investment can be incredible. With the current domestic stocks and bonds market many people are looking for alternative investments and if you analyze the current economic climate you realize the dollar is in for a real shock... I'm talking hyperinflation. So looking for alternative investments is a great idea and it's fun to do. Trading in your American Greenbacks for a commodity is a great plan and if you choose real estate as your commodity, more power to you! With the book I will be reading and posting on next week, I will discuss alternative investments for you to trade your dollars for.
As I said, this book would be great for anyone interested in real estate investing. I think it's very clear and explained in very simple terms. If you have any questions on the book don't hesitate to ask. I would be more than happy to help anyone that wants it.
2 of 2 people found the following review helpful:
 SOLID AND EFFECTIVE, 2009-12-05
This is the most practical tax liens/real estate book I have read to date.
First, it gets you to the details on how to execute a sale. I read quite a bit already from online and other books on how to look up state laws and state statutes...but none of the guides show you exactly what happens in a sale. This one does and it includes online auctions.
Second, it is a no-hype book, the advice is clear cut and illustrated examples show you how to research property. You would have to be practically blind not to know how to research property after reading this book with not only how to contact county officials but leveraging online real estate tools as well.
Third, LAST BUT NOT LEAST the author (or the publisher, not sure) has a web site to answer questions about the book and actually has some updatse as well. WOW!
1 of 3 people found the following review helpful:
 Do NOT buy this book and expect to learn anything., 2009-12-01
Very misleading title. It was far from a complete guide. There was little discussion about due diligence and what it truly means. There was no discussion on how to perform a title search or how truly important that step is. There was nearly no discussion on how to check with the county for hazardous waste concerns (meth house) or condemned structures. The list of omissions continues throughout. The book implies that you can purchase properties at a tax auction and own them outright. While this may be true in very few cases (less than 1%?), it is NOT true for the majority of the cases. If you purchase a tax deed, you may become responsible for any liens against the property including 1st, 2nd, and 3rd mortgages, mechanical liens, water and sewer liens, etc. because the county rarely follows the required lien holder notification process that is required by law. There is no free lunch and this over-priced, under-informed book continues to assure you that there is. The title of the book should be "An incomplete guide to real estate tax liens and foreclosure deeds. Learn some stuff in a few hours to guarantee a significant loss of capital if you follow our instructions"
2 of 2 people found the following review helpful:
Online auctions made easy, 2009-11-02
Having done a few auctions myself, I wasn't expecting to learn anything new. But if you give a book away for a gift, you might as well know what's in it.
To my surprise, I actually enjoyed reading about online auctions. It seems the new tax lien platforms is the new fad and everyone is moving all of their bids electronically using their own platform or a contractor hired by the county. This is one of the most up to date books I have read on online tax liens and tax deeds. It not only covers the online platforms but actually has a web site that links to tax lien and tax deed sales online.
To summarize, this book is not for folks that already know how to do this. Most of the information is available online. But if you got people that do not want to do their homework for hours on end and want to read about tax lien sales very easily, this will be my first recommendation.
4 of 4 people found the following review helpful:
Tax Liens, 2009-09-27
This book is excellent. You get clear and easy to understand information by reading this book.
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