How to Purchase Tax Lien Properties In Florida - YouTube

Welcome back, I'm Ted Thomas, and the question I'm  going to answer in this episode is "How to buy tax  

lien certificates in Florida?" So, I'm going to talk  about that and then I'll continue by telling you  

a few tips on how to make money, and then  from there, I'll show you some mistakes  

that you really want to avoid. And then later  on, we'll get into some real in-depth subject.

Hi, I'm Ted Thomas and I've been  doing this for approximately 30 years.  

The first 5 years I just bought tax liens and  bought tax deeds, and everybody asked me questions,  

"How are you doing this alternative investment?" So,  that's how I got involved and I've been teaching  

it for 25 years, and the people that learn it  they learn how to buy tax liens, how to buy  

tax deeds. They're both different subjects, but I've  written books on it, I've created courses on it  

and I've become the authority on this for the  world. Okay, so let's start out and talk about  

tax lien certificates. Where would you find them?  You'd find them, first of all, in the newspaper,  

or you'd find them on the county records. Now, tax  lien certificates are a relatively easy investment  

for anyone to do by just being spending a little  time studying what you're doing here and a little  

time studying the county website. What you'll  find out is that all the properties that don't  

pay property tax end up on a list of tax lien  certificates. So, the county controls the taxes. So  

what the county simply does, especially in Florida,  they take action right away and they simply say, 

"If you haven't paid your tax, what we're going to  do is we're going to sell a tax lien certificate  

on your property." Now the state of Florida, they'll  auction approximately 1 million tax certificates  

in the month of May. Now those are certificates  in each of the different counties that people didn't  

pay their tax. They didn't pay the tax, the  county has a problem; they have a big problem. 

The big problem is this: they can't pay their bills. The county doesn't have any revenue. They get it  

all from taxes. So, simply what the county does is  they say, "All right, we'll go out to the public and  

get the money, and we're going to be benevolent,  we're not going to take your house." So the people  

in Florida don't lose their property right away  because the county sells a tax lien certificate. 

Now as I say, there could be up to a million  certificates available. These certificates pay  

18 percent. Now, certificates start at 18 percent and then  it's a down bid process, 17 and a half ,17,  

16 and so on. It goes down. The point is they have  plenty of these tax liens to sell. Your concern  

is this: how much do they cost and when will you  get paid? So, how much they cost? Well, you could  

buy one for fifty dollars if you want to just get  started, or you could spend 500, 5 thousand. What about  

a shopping center if they don't pay the tax? It  could be a 100 thousand dollars, that's the tax  

that's owed. Well if you paid that hundred thousand  dollars, now you can earn up to 18 percent.  

Now, they wouldn't then seize or confiscate.  Florida is a benevolent state, they would wait  

as long as 2 years before they would actually  take that property. So, if you're purchasing a home, 

a home could be worth 200 thousand  dollars. Well then the tax could be somewhere  

around 2,000 dollars, it might be a  little higher that with some penalties.  

So if you pay that tax, they don't throw the  homeowner out. They just leave the homeowner there.  

If you got an 18 percent certificate, well what you did is  you invested with the county and now you're going  

to get money back from the county. Why is that good?  Because your money is now protected. It's protected  

by the property tax code. So, I don't collect taxes  from anybody, I don't take any money from anybody.  

I basically teach you how to do this, so when you  invest, you're going to invest directly with the  

county. Not with Ted Thomas, you can't invest with  me. All right now, why don't you know about this?  

You don't know about this because the brokers,  the financial planners, the investment advisors, 

even attorneys, they don't teach you about tax lien  certificates. They're not negligence, they're not  

bad people. They don't teach you about it because  they can't earn any money doing it. So, if a broker  

works for a stock company or brokerage to sell  real estate, they get paid a commission. If you  

go to an attorney they get paid by the hour. All  right well, there's no money in tax certificates  

because the law is against it. So, you have to  learn this, and it's a step-by-step process,  

so the county is the one that collects  the money. So, you invest with the county,  

you're going to get your money back from the  county. That's going to make this the safest,  

the most lucrative investment in America today.  All right now, how are they sold? Well ,they sold at  

auction. What kind of auction they sold that? It's  called an 'oral bid auction'. Now, you're probably  

going to do this on your computer. So, they're just  going to put numbers up and you'll watch them  

change them. You can learn this whole thing and do  the whole thing doing just what you're doing now,  

sitting on your rusty dusty looking at Ted Thomas, so, we can teach you how to do that online. All  

right, how many will be available? Well I said a  million in Florida. Throughout the United States,  

there's probably 2 million tax lien certificates,  different states. Now, about half of the states  

sell tax lien certificates. By that I mean Florida  sells them, like we're talking about today, Arizona  

sells some, uh- Iowa sells them, Illinois, you're kind  of getting the idea. Even in the state of New York,  

Nassau county and Suffolk county on long island,  they sell taxing certificates. So, I've been doing  

this for decades and I've learned this, if you're  going to buy tax lien certificates, you just need  

to give it some thought, either get a coach to  help you out or study it. There's lots of books  

that you can study it, but the easiest way to learn  is get a coach to help you or learn it online like  

we teach it. There's tons of videos, subscribe to my  channel and I'll give you all of them free. Now, the  

tax lien certificates all kinds of things happen. First of all, if you have a big auction, let's take  

Miami-Dade. Miami-Dade could have up to 65 ,000 tax  lien certificates. Well, to sell 65,000 of anything,  

it takes weeks at a time. Online, they'll do that  in a few days. But, they will not sell all the tax  

liens. Okay, here's the inside tip, if they don't  sell all the tax liens, they're going to put them  

on a list, and let's call the list "the leftover  list." In Chicago they call it a "scavenger list."  

In Texas they'll call it a "strikeoff list." What's  important for you to understand is that there's  

so much abundance that they can't sell all the  certificates so, there's leftovers. Now, if you learn  

what I'm going to teach you right now, you'll learn  something great. They take the leftovers, and they  

sell them over the counter. I just made that term  up, because you go to the county it's a big county,  

and they'll put them up there and you can look  at all of them. You can pick anyone you want, and  

that certificate will always pay 18 percent. There will be  thousands of those certificates available, anybody  

can buy them. So, you're probably wondering if  they're going to have an auction in your hometown.  

I can tell you that every county in the United  States is authorized to have auctions. Also, there's  

1,400 municipalities; these are all taxing districts.  So, there will be over 5,000 tax options this year,  

and 99 percent of the people looking at this video have never  even heard of a tax auction. Okay, for all you folks  

live outside the United States, if you can get a  USA bank account, in other words dollars, you can't  

use Singaporean, you can't use yen, you can't use  marks. You need to use dollars. I realize everyone  

else has multiple currencies, you can't do that. You  have to buy tax lien certificates and you have to  

do business in English. It's the only business  they know in the United States, we're the only  

island that's left. All right, there's 2 other  things that you need to know before I run out  

of time. The first thing you need to know is that  there's tax liens- there's tax lien certificates,  

there's tax deeds, there's tax defaulter properties,  and then there's redeemable tax deeds. Now they're  

all kind of run together, but just remember tax  liens are a piece of paper, and just remember a  

deed means they're going to transfer the property.  See, that's how easy it can be. Now, how much do  

you want to spend? I don't know. You want to spend  big money? I can show you how to make 25  

thousand, 50 thousand, 100 thousand dollars  on one deal. You could do that in the tax defaulted,  

the tax deed business. In tax lien certificates, you  can make 16 percent, 18, 24, all the way up to 36 percent interest  

and the check is always going to come from the  government. So, let me close with these few things:  

(1) This is the safest investment you can buy.  You invest with the government, you're going to  

get a check back from the government. It's not ever  going to get any better than that. If you buy tax  

defaulted property, you're going to buy properties  for 10 cents, 20 cents, 30 cents on the dollar.  

64 percent of my clients are women. The reason that they  do so well is they'll read the book. So, what I did  

is I created something for you. I created a 1  hour quick start video that you can learn how  

to do this, okay. It only takes an hour and you'll get  all the basics. It's right below me on this video.