Dear Readers,
Oh wait I don't know if I have any readers but...I'm gonna write anyway...Dear Readers so the newest development in becoming "Rich" is I have discovered something really cool and if it works then the "riches" will be here sooner than I think. It's called "Tax Lien Certificates" or "Tax Lien Deeds". Now apparently the way these work are as follows..1. The property owner has not paid their taxes. 2. The property is now in possession of their county. 3. The property is for sale for the price of the taxes owed 4. You have to bid on these properties and have the cash on hand to win and seal the deal. That is how the Deeds work (I think), and so item 1 and 2 apply for certificates but number three is 3. the owner does not wish to lose the property and makes a deal with the county in which the county offers to have an investor come and pay the taxes (hence you acquire a certificate and not a deed, you don't own the house) 4. so you the investor pay the taxes to the county and get 18%(which is the rate by law ) interest on your money which is then 5. repaid to you plus interest when the county receives their money from the home owner. They keep their house, the county gets their taxes, you get the interest on your money. Everybody wins! Now if the home owner does not pay their taxes on the agreed upon time limit set by the county (again I think) then the home reverts to the county as owners and they put the deed up for sale. One thing I am certain of is that if you purchase one of these Deeds then all mortgages, taxes, and liens owed on that property become null and void and you own it out right. Of course you do begin to pay property taxes in your name on your new property.
I ordered a book that cost me $19.99 plus shipping and of course all kinds of DVD's and such were available to purchase too but I declined that offer. I also did some checking into getting health insurance, and dental insurance. For those of you who don't know me...that would be most anyone...I have very bad teeth! I have one that is being pushed out by the gums themselves and is very loose...about to fall out and wants to take its neighboring buddy with it. So, the cost of accident insurance and dental insurance is going to be $40.50 a month...the good news...my boss offered to give me a raise to cover that cost provided the chief financial officer (his wife) says it is in the budget. Of course it doesn't kick in until my 90 day review and we are on 45 days plus! So, that's what's up in my world of finance.
Take care people...and if you haven't read the face book post about the 80 year old man who suggested how to fix the United States budgetary problems...here was his solution...
Offer all 40 million working folks fifty and over one million dollars each with the stipulation that 1. They must retire and that opens up 40 million jobs...employment crisis over 2. They each have to buy an american made car...auto crisis over 3. They each have to pay off their mortgage or buy a house...real estate crisis over! Now that was good financial advise! I hope the president takes it cause I am 50 and sure could use a new car and a house and retire comfortably! Lastly he asked that congress etc retire on social security and medicare and see how long that takes to fix.
Peace to all!
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