No Degree Needed to Turn Big Profits

Turning $422.00 into a whopping $64,928.08 is not magic and it does not require a Harvard Business School education or any degree for that matter! It simply requires knowledge of Tax Liens & Tax Deed Certificates & a certain amount of street smarts.
Do Not Be Afraid To Ask A Few Questions
This is the story of a single woman who had desire and was willing to learn and not be afraid to ask a few questions. Most people are hesitant to ask about what they do not know or understand. They get nervous and embarrassed. Instead of learning, they travel life's road without nice cars or fancy homes or even the security that they want and long for, all because they won't ask questions and educate themselves.
Janice Knetzger of California wasn't afraid. She was single and eager to learn how she could earn 15% and much more on her small investment portfolio. When her boyfriend suggested that they travel to Michigan and investigate Tax Lien & Tax Deeds, Janice said, "YES!" even though she had never really heard much about Tax Liens or Deeds. Janice had no real estate license and had only been involved in one purchase and that was the home she lived in. Just the same, she said, "Yes", and traveled to Michigan.
Why Michigan You Ask?
Because the state law requires delinquent property owners to pay a 15% penalty year one and a 50% penalty year two. There was no book in the library that could tell her what to expect or even give her basic information.
However, she could instantly see the profits were attainable just with the percentages she was shown. After searching the shelves at the book store and not finding a single Guidebook, Janice knew she was off on an adventure. At first, she was a little apprehensive, and later, she became slightly intimidated, but she persisted.
Her boyfriend was eager and motivated to "crack the code" and learn how to make real money on his own. The prospect of making 15% in the first year on a secured investment and a whopping 50% in the second year kept him motivated. After all, where else could he hope to make 50% and get the security of a government check?
When they arrived in Michigan, they started at the county records. They soon learned that hundreds of property owners fail to make payments on their annual property taxes. The local government officials doesn't like that because it means the government will be short of needed revenue. That missing revenue is scheduled to pay for roads, schools, policemen, fire services and many other government services. To make up the short fall in revenue, the government sells Tax Lien Certificates on each of the delinquent parcels.
The Government Takes Action
The government takes action to bring in the revenue by selling the Tax Lien Certificates at an auction to anyone who is willing to pay the back taxes. The short fall the property owner creates by not paying ad valorium taxes is auctioned off to bidders at a public auction. The reward to the bidder who buys these Tax Lien Certificates is 15% in year one and, if the property stays delinquent into year two, it rises to a 50% interest rate. This penalty is paid by the property owner and, if they fail to pay taxes in year one and two, the property can ultimately be lost to the Tax Lien/Tax Deed buyer. If the property owner fails to pay for a longer period, they forfeit the property to the Tax Lien Certificate holder. That could be you!
Just imagine yourself paying the delinquent taxes on a home. Say one year's delinquent taxes are $1,000, and the value of the property is, say, $100,000. In year two, the property owner fails to pay once again and you pay the delinquent taxes shortly thereafter, the government will allow you to take the property by an act of foreclosure. You, the Tax Lien Certificate holder, become the new owner, due to the forfeiture and foreclosure action. Janice Knetzger purchased a Tax Lien for only $422.00 and she ended up with the property. The story gets better: Janice never saw the property! After her purchase, she contracted to fix up and rent the property to others. She never saw the property for ten years; however, she successfully rented the property for $500 a month, or $6,000 per year, for ten years! She received $60,000 in rental income during that period. Not bad on a $422 investment. After ten years of ownership, the family renting the property purchased it from Janice and paid her an additional $64,928.28. Ask yourself this: if you made one deal like that, would you be living in the same house and driving the same car??? I don't think so! Janice enjoyed the rental income and tax benefits for ten years. At the time of sale, she enjoyed a capital gain of over $60,000. Oh, yes, Janice had to do some work. The foreclosure and quit title action was a legal process.
Michigan has since revised its laws and is now known as a Tax Deed state. The rules for bidding on delinquent taxes are changed; however similar opportunities are still available in other states. Do your homework and take advantage of this money-making miracle, so few investors are willing to tell you about!