Over 10 years ago, Jay Drexel discovered Tax Default Property Investing. Today he owns over 700 Tax Default Investments and buys a couple every single week from his home office.
These investments are in multiple states, they are making anywhere from 10% to 25% ROI. He’s a full-time investor and educator teaching students all over the country about how with the right education, technology, and coaching, you can invest safely and successfully in tax liens from the comfort of home.
In this short video he Jay Drexel goes deep dive in explaining the difference between a tax deed and a tax lien.
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Difference Between A Tax Deed and A Tax Lien
Jay Conner:
Did you get your start in real estate investing in tax defaulted product property? That’s where you started. That’s where you stay. So let’s make sure I understand. What’s the difference between a tax deed and a tax lien?
Jay Drexel:
Great question. They’re all some form of texts, default properties, essentially a property, a property owner goes delinquent on the property taxes and it can be any type of land. Some areas, some states will take the lien against the property and sell it where investors like you and I can step in and purchase it. And for a period of time called a redemption period. Once we’ve purchased that after that timeframe passes, usually what’ll happen is the property owner will pay the, whatever it was do, plus interest, penalties and fees. And that’s where we make our initial return, our yield, right? Depending on what the percentages in each area, when you’re buying a deed, you’re actually buying the deed to the property. So really this is also comes down to what type of investor are you in? Everybody’s different. Some people are looking for a high yield rate of return, like a hedge fund.
Some people are looking to acquire properties. If you have some capital thousands, tens of thousands, hundreds of thousands dollars, and I know you’re an expert in helping people get money, it’s what you do. You’re looking to acquire properties. Deed investing is the way for you to go to acquire properties, have immediate ownership. Each state is a little different in terms of, do you really own the properties, a free and clear, or are there more steps and each area can be different in whether you have the property completely free and clear, or if you still have to go through quiet title action. So basic idea is tax liens. You’re gonna get your money back plus interest with a slight chance for a property tax deed. You’re actually buying the deed to the property, take ownership of the property.
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