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Tax Lien Certificates

292 Views  ⚫  Asked 16 Years Ago
asked on Nov 12, 2001 at 03:16
by   Khim How
Anyone knows where to get Tax Lien Certificates in M'sia.
Or have any info on this matters ?
Pls email to me at khim18@hotmail.com

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1 Answers
answered on Dec 5, 2014 at 16:30
by   Ethan
A tax liens certificate is a get-rich-quick scheme. I bought and sold real estate for years. In all my years, I met one person who made money and a bunch who lost money. It’s a hassle for no money; a needle in a haystack. It’s someone who gets behind on property taxes and in some states, they sell a certificate, and then if the person doesn’t pay off the holder of the certificate, the holder of the certificate becomes the owner of the property. In some states, there’s a guaranteed rate of return on them.

I’ve never seen anyone really make money on them, and if I do, it’s all in increments of $2,000 or $5,000, so you end up with something as thick as a phone book to invest $100,000. It’s a lot more midnight-cable TV tapes than the real thing. I wouldn’t fool with tax lien certificate investing.
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