Tax Liens

in an IRA LLC

Tax Lien Investing Basics (Part One)

by Lillian Villanova

If you take the time to learn the ropes, you'll discover why real estate is the best wealth-builder in the universe--the safest, most accessible, most lucrative investment you can make. You'll also find out how to use your real estate investments to create multiple income streams and have a river of money flowing your way every day.

As an example, do you know how to invest in Tax Lien Certificates and Tax Deeds? Briefly, state, county and local governments raise money to provide benefits and services via taxation. One type of taxation, is a tax on "real property." Pursuant to statute, the owner of a parcel of real property is assessed a dollar amount to pay based on the value of that real property.

This tax, in virtually all cases, is collected by the county where the property is located. If the owner of the property fails to pay the tax, the amount of the tax becomes a lien against the property. A lien against the property, however, does not help the county and local governments pay for the services and benefits they have promised to provide for their citizens.

The county needs the money now, not some time in the future. It needs that money in order to fulfill its budgetary obligations. By state statute, each county is authorized to collect the taxes due that remain unpaid by selling at public auction, either a Tax Lien Certificate or a Tax Deed.

Learning how to buy these Tax Lien Certificates and Tax Deeds is a very real way to achieve financial independence. The aim of this and the following articles is to help you understand, in layman's terms, how the process works and how you too can learn to use it successfully.

Unless you have a CheckBook IRA LLC you probably have NEVER had the opportunity to purchase Tax Liens with your IRA. They are a great way to really build up your retirement FAST however you need the flexibility that ONLY a Check Book IRA/LLC brings. You as manager can get a Cashier’s check and proceed to the auction ready to pounce on the good deals. When it comes to selling the certificate you can easily transfer ownership and deposit the proceeds into the LLC account and be ready to reinvest immediately!

Check out the article below, it’s a great place to start your education!

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