How This Mom of 3 is Building Wealth through Tax Lien Investing
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- Опубликовано: 16 сен 2019
- Here at His & Her Money, we’re dedicated to not only helping you pay off debt but also empowering you to invest in your own wealth.
Real estate investing is a popular option - however, it often comes with many barriers and obstacles that make it seem impossible.
In this episode, we sit down with Danielle Pierce, an expert on tax lien investment who has been in the real estate industry for over 12 years. A tax lien is placed on properties whose owners have failed to pay their taxes.
Danielle shares how investing in these tax lien properties can produce income through double-digit interest or ownership, and how this option serves as a more accessible and low-risk method of real estate investment.
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Resources Mentioned
✅ Tax Lien Investing 101 - bit.ly/2OoArMe
✅ Show Notes and to get in contact with Danielle - bit.ly/2kmbhPn
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You know when you find a video at the perfect moment in your life? This is the one
I agree because i was just talking to a realtor about purchasing my first house but now im going to look further into this 😁😁
@@ms85jay yes yes! So glad to hear it.
Happy to serve!
Thanks for posting! Helpful
Period sis
You are purchasing a "Lien Certificate" NOT the property. In Indiana, owners have up to 1 year to redeem their property. Every state has their own rules, so check with the tax office in your county for all the rules. You will get your money back with interest if the owner redeems. The downside is that you tie down your money for 1 year. YOU ALSO MOST LIKELY WONT SEE THE ENTIRE INSIDE OF THE PROPERTIES THAT ARE USUALLY LOCKED BY OWNERS WHO MIGHT ALSO STILL BE LIVING THERE. SO YOUR PHOTOGRAPHER CAN ONLY TAKE OUTSIDE PICTURES, UNLESS THE HOUSE IS VACANT WITH AN OPEN DOOR SOMEWHERE. Can you afford to do to tie down your funds, or bid blindly? In Indiana, all initial Fall Tax sale properties that do not sell, are moved to the "Commissioners sale" the following spring with a $500 minimum bid. The redemption period for the latter sale is 120 days, NOT 1 year. The Fall sale bids start at the tax delinquent amount. IN BOTH CASES, YOU ARE ALSO RESPONSIBLE FOR ONLY THE TAX BILL FOR THE PRIOR TAX YEAR & FORWARD. YOU WILL START PAYING THE PROPERTY TAXES ONCE YOU BUY THE LIEN CERTIFICATE. IF THE OWNER REDEEMS, THEY ALSO WILL PAY YOU FOR ALL THE TAXES THAT YOU PAID IN THE INTERIM, PLUS INTERESTS. YOU MUST HAVE ALL YOUR RECEIPTS, & MAKE SURE YOU REGISTER THEM WITH THE TAX OFFICE TO GET A SPECIALIZED RECEIPT FOR EVENTUAL REFUND IF OWNER REDEEMS.
FULLY & CLEARLY UNDERSTAND ALL THE AUCTION RULES & REGISTRATION DEADLINES. YOU NEED TO FOLLOW STATUTORY RULES REGARDING NOTICES TO THE OWNERS, PAYING TAXES, KEEPING RECEIPTS, FILING RECEIPT DOCUMENTS, APPLYING FOR "QUIET TITLE WITH THE COURT, ETC. MOST PEOPLE WILL HIRE AN ATTORNEY FOR THE LATTER PROCESSES AS THEY CAN BE COMPLEX. EVERYTHING MUST BE BY THE BOOK, OR YOU CAN LOOSE THE PROPERTY.
Make sure that you have enough money to pay for your purchase the same day. If not, you will loose you winning bid, get fined, and barred from future sales. The county DA might also prosecute you. Also anticipate, and save for eventual costs of repairs if you acquire the property. If you can't get funding to fix the property for whatever reason, plan on flipping the house ASAP to avoid paying additional taxes.
AVOID BUYING WITHOUT VISITING THE LISTED SITE. IN AREAS LIKE GARY, DETROIT, OR CHICAGO, THERE ARE NO BUILDINGS ON THE LISTED SALE ADDRESSES. SO BE CAREFUL, AND VERIFY THAT THE HOUSE EXISTS!!! DON'T GO BY THE INTERNET PICTURES THAT MAY BE 30 YEARS OLD.
DO NOT BID UNTIL YOU KNOW ALL THE RULES, AND HOW THE PROCESS WORKS. DO NOT ASSUME ANYTHING FOR IT CAN COST YOU DEARLY. ASK, CLARIFY, AND VERIFY IF SOMETHING IS NOT CLEAR!!! BUYER BEWARE!!! BEST WISHES.
Much needed information. Thank you for taking the time to write it
Yep, thanks
Thank you
Wow! Thx for these important details
Some states are deed states not certificate. Do your research. You don't need to live in the state to invest in it either.
This truly works. I moved to Atlanta, GA in 2018 and was introduced to buying tax liens and jumped right on it and this is how I’ve been earning income ever since. Thanks for sharing this invaluable information.
Congrats!
Hi I’m in the state of Georgia. Can you give me information on how to start
whats the website to view the properties in atlanta
I'm looking for a mentor. Somebody who can actually come to Indy and teach me how to start, of course I will pay for the information.
Did someone teach you step by step? Do they have any books that will break it down elementary????? I'm in Montgomery Al
for those who think they don't have the means to raise the upfront money. make a sacrifice by:
1) Leveraging your income tax check $4k -12k
2) Cut the plug on luxuries like premium cable for 1 year $800- 2400
3) Rewrite or shop quotes for your car and home owners insurance
4) Monitor your spending for 30 days to see exactly whats going out and adjust accordingly
5) Stop eating out or cut it in half
6) Cancel those subscriptions you don't use don't need
7) Don't take that trip this year
8) Do overtime get a 2nd job for funds to go specifically to the fund.
9) Sell the car you don't drive or the one with the huge note
I0) Borrow from 401K
all else fails, apply for a line of credit (heloc or signature) to cover the difference in acquiring and repairs.
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Game Changer. This is the type of information WE NEED.
The tip about buying a home via tax lien was worth its weight in gold. What a blessing. Thank you!
I heard it!!! I am amazed at the self restrictions we have imposed upon ourselves regarding our financial and social behavior. If you do your research, this is the PERFECT way for a young person to get started with building wealth. It is just a small 2 - 3 year sacrifice for such a huge return on your investment. Also, the money that you can save without paying a mortgage is incredible. But, there is one important catch if you are in a relationship, you both have to have that mindset.
This was so good!!! I know this is almost a year old, but I watched it 2 times and took notes, lol. Things are probably a lot different with the auctions because of COVID-19, but I'm still super pumped. My hubby and I will definitely be taking her course. It's time for debt-free homeownership!
I know this video is a bit dated but after watching so many videos on this subject, this is the first one that has left me feeling confident I can possibly venture into this! Thank you for having Danielle on your show and I look forward to learning more on living debt-free and finding financial freedom. Feel blessed.
Thankyou watch our clips too
This is crazy!! I went to a tax sale about 15 years ago. Bid on a lot, got it and still own it to this day but I never knew I needed to do the legal side of it! Now I have to see what actions to take at this point!!! I’m excited to share this with my family
This was one of THE best episodes!! She gave a wealth of information that will be very useful. Thank you for inviting her on your show! 😊
We appreciate your kind words, and we appreciate you tuning in!
Thanks so much Kim! Appreciate it.
Peace and blessings to Danielle for bringing this information to light. Thank you to His + Hers for the platform
THERE IS A WEALTH OF INFORMATION IN THIS VIDEO!!! I will use this as a reference forever.
I wish I could give all 3 of you a big hug. I'm so grateful and thankful to you all. This is going to be a game-changer for my husband and I.
after listening to Danielle explain the ins and outs of tax lien investing, I'm definitely intrigued. It's great to have someone like her who's an expert in real life, not just on social media, to break down these strategies and make them more accessible to those of us who are just getting started in real estate investing. Looking forward to learning more about this auction niche. Thank you
The lady is so smart and asking such great questions💓💓 Thank you and get out my head 🤣🤗
Thank your for this eye opening podcast and guest Danielle Pierce.
I love the great information that’s being shared, specifically geared lower income people as well as Black folks. I do find it interesting that there are no paid ads on here. I really hope RUclips is supplementing you for the great information and content that you’re giving to the world. If not I understand it as another form of repression and it does not surprise me.
This is confirmation information for me. Most of the info she shared I am aware of. However, I stopped doing research on tax lien investing because of fear. Nevertheless, I’ll be going back over my info/research and start investing. There’s an auction coming up in my area soon and I plan to take part in it to some degree. As always, thank you guys for sharing. You’ve been a blessing in more ways than one.😊🥰
Wow! Hands down the best direct and most informative video. Thank you so much! Great questions and answers!
Can I tell you that the questions were ON POINT!!! Excellent interview
I love that she gave the pros and cons of this process
Danelle I Invested in Florida. After 2 years I received a check for my investment plus interest.
How
Long is wait in FL?i live here too and want to invest
@“louis do you mind sharing the initial invest and return after two years?
I’ve done the same thing in Alabama
Was two years worth the amount u got? Doubt it ..
So much awesome information. You all ask the beat questions! Thank you for sharing Danielle. ✌🏾❤️🌞
Great info lady and gent!! Appreciate and bless you both!
You guys are the goat! Thank you for keeping us informed!
She look so Happy
Nothing like financial peace and having a purpose! I cannot wait until I get to that place 💯
I've known about tax lien properties for a long time but fear has kept me from taking any action and essentially allowing everyone else already doing it to make money I could have been making. I wasted years being fearful. Dont do that to yourself. I've finally recently started making calls and doing more research.
Hi Patricia, you are exactly right, only mind was with going to further my career, going to college and further. I said the same thing to myself, I can't do that, I can't do this. But, I got my Business Degree last year and this year nothing so far, due to the virus. I plan on coming back, like you doing research for programming a computer or cyber security position, I do like opportunity of Tax Deeds. Thaks for sharing.
Same here Patricia! Fear is paralyzing! I think of all the opportunities I've blown and time wasted because of fear. No more...our time is now! We must not let this window close!
Hey girl, Real Estate Investor here! Do it afraid! But do not confuse movement for progress !! Thepscapitalgroup@gmail.com if you want to hire a Mentor/Coach
I am right there Patricia. Still stuck on scared!! How did you lose the fear and start your research.
@@camilleanglin3149 Lol I didnt. I'm still scared of sounding and looking foolish in front of more experienced investors. Honestly I just said F it and just jumped off the cliff. I still haven't made any money though, lol
My cousin does this. Two three transactions later. Shes comfortable.
Does she sell the properties or what?
Got my 2nd house at auction 36k 40k in repairs appaised at 280k. Bank said they will give me 85% ..... 85% unreal this is a lifestyle 🕉🛐💚♟💰
Nice job!!
Meaning they will pay you $85 percent of the purchase value? What state was it in?
Those follow up questions were everything. This was very informative!!!! Thank you
I love her! I did the same thing, I heard about it a few years ago.... dismissed it heard about it again about 2 years ago semi-dismissed it ....now, I am ready to go!
Thank you to His And Her Money, and thank you Danielle. This has changed my direction as it pertains to what can I do for my future, which is not in good standing right now. I will be reaching out to Danielle Pierce.
Wow! Absolutely LOVE LOVE LOVE LOVE this video. they literally asked every question I had in my head !!
Thank you so much for this. !!! Great video
Thank you Danielle, a new generation. I love it! I learn this stuff years ago.
I love this episode, so informative. And I love the changes to the show, it was great before but its even more powerful now. Congratulation to you guys, keep it up!
This was right on time.. Thanks!!
Colors are popping 🎯 Each one teach one. Love that we are finally getting it and aren't sitting around waiting for "leaders" to lead us to the promised land (while making only themselves rich).💯
Awesome. I am glad I found and saved it in my watched later playlist, but forgot about it until now. I have been interested in this for some time now. I am waiting to get my RE license. I have been procrasinating because I thought I needed to get my license to be in the know. But now I am really motivated now to do it because of I could own my home outright! wow!! It is a no brainer. Thank you for this video.
Absolutely a great interview.
Doing tax lien research and bumped into your phenomenal channel! 🎉
Love her!!! I met her at the Miami Live W.I.R.E.D. Conference. She has helped me with searching for tax lien properties which I plan on buying as a rental property soon.
She is amazing! Thanks for watching.
Yes the Live Wired conference was really, really awesome!
You’re not buying properties, you’re buying tax liens.
Love Info, Delivery, Education, & Professionalism! Thanks Yall
Thanks for watching!
I needed this today. Since 8am I have been googling tax liens and finally I’ve found the gold.
I was just about to buy a course on this same information. I will definitely buy multiple properties for my children to own via tax liens investing 🙌🏾 the interest is unmatched.
I love the purpose of her business model
Yes this is one way! A lot of people do know about this way, it’s no secret really. Good info. Realtor and Real Estate Investor here and it is a lot of to learn but can be done successfully.
This great information, thank you
New subscriber this video was needed because I’ve been wanting to do this for a while
Thank you so much for the information. I have been interested in Tax Lien Property for years. I am very learned in this subject , but have never taken the plunge. I will take the plunge this year! Thank again.
I believe this is my answer to what I want and need to do. Thank you!!!
Coming down south aint selling out. This southern hospitality gives u life baby!!!!
I just started the process of getting a new home and this fell right in my lap 💙💙💙
Lots of good information! You guys asked a ton of great questions and I learned a lot from listening. More research to be done for sure!
This was invaluable information!
This is sooo good! You guys rock. Just discovered ya'll
Your interview questions were right on point! Thank you. I learned a lot. I'm from Memphis and there are cheap land bank properties and the delinquent tax properties are superfluous!!! Excited to get started.
Excellent!
you two are really dope because you ask such good questions. thank you for what you do. Bless you
Our pleasure!
Yes, I agree! I would tell people the bank own my home until I paid it off. It's called knowing "Financial IQ". Video is still valuable in 2021!! THANK YOU!! The young lady has ties in Mississippi? Same here!! Ties in Michigan? Same here!! Thanks for the ideas!!
Thank you so much for this valuable information of wealth!!
You’re so welcome!
So good. This needs to go viral.
This is truly hood information. Thanks for sharing. Now I'm on a mission.
Great video and information, thank you!!
THIS WAS FIRE🔥🔥🔥!!!!
Awesome video guys..... thanks for keeping it simple and making it plain to understand.
We’re so glad that you enjoyed it!
Absolutely amazing
Wow this is a great interview. Great questions and great answers. Thank you. Definitely subscribing
Awesome 😊
I had heard about this 15 years went to court house steps. I saw in action and talked with county accessories . It was fear. GA you can look be at books on back taxes probably on line now. I AM READY TO DO IT NOW
Hi guys. I just found your channel. I loved the interview. I knew about Danielle Pierce but am new to your channel. Looking forward to future posts
Awesome! Thank you!
She is absolutely correct about loans being a scam, you always end up paying twice for what you buy
I can't believe only 230 comments. I I am leaving a great comment. This information is amazing....this is better then college where you learn nothing. God bless you and your wife and all the wonderful guest.
Create a business, make a trip out of it and go to an auction to purchase, write the trip off on your taxes😁
This video is good info. Thank you!!!
Thankyou watch our clips too
OMG! This is fantastic information. Thank you so much
You are so welcome!
I love your shows always useful information, I follow you and Danielle, also and she's amazing doing great things and deeds. So are you! Thank you!
Love the His and Her money show♥️♥️. Thank you so much for this valuable information 🙏🏼
Thank you Danielle for sharing. So informative and so inspiring ♥️
Thank you so much for sharing!
thanks so much Marcy!
Great team, excellent questions and information.Thanks
Thanks for watching!
Thank you so much! This is something I've wanted to know about for several years and just kept meaning to research it.
You're so welcome!
Thank you so much for sharing all this information. 🙏
So glad that you enjoyed it!
Learned some really valuable information on this one.
Thanks for this one Family!!!! 💪🏽👑👸🏽❤️🖤💚
Great information!
Wow this was powerful. Thank you for sharing this!
You are so welcome
This video is definitely a Blessing.
So glad that you enjoyed it!
Amazing content!
Absolutely awesome and very informative video I love it I love it. I must say you left me hungry for more.
So glad that you enjoyed it!
Excellent questions and beneficial episode.
Awesome!
Yall ask all the questions I want to ask this is 👍 great!
Glad you enjoyed it!
Gold! Pure gold! Thank you HHM!
You’re welcome 😊
This is gold!
Love the information! Looking to get my family started on building wealth. I really appreciate the info. And..... if I wasn’t married I’d soo her up with a biscuit!
So I’m in the process of wholesale. Looking up properties. Saw one with a lien. I wondered if investing in tax liens was a thing then found this video!!!!
Thank you this is amazing info!
You're so welcome!
My town Chicago 2018 tax sales is in March 2020...I definitely wan to learn how to buy
I love this
Thank you
Thanks for watching!
Very informative.thank you guys so much.
Thank you!
Now go forth and take action lol! Thanks for commenting!
I heard it. Lol. Ownership outright! Thanks for this episode-so powerful!
We're so glad to hear that you enjoyed it, thanks for tuning in!
thanks so much Andrea!
One word....confirmation.
Thank you for this video
You are very welcome!
Great video , Thanks.
Thanks for tuning in! Make you sure you share with a friend!
This was very helpful. Thanks!
You're welcome!
How do you protect the investment once you purchase it. Example, you purchase a tax lien for 1,200 dollars and 6 months from then it burns down. Is it a complete loss? Can you insure the property if its a lien or dead?