Wealth Without Risk review
79How Tax Lien Certificates Work To Make You Money
I don’t know if you’ve heard about Saen Higgins, but basically he’s on an infomercial for his own products. I thought that this guy was a scam; Everytime I looked online for him, people wrote that he was a scam and that he took all their money, etc. I read his book and I realized that no, he’s not a scam and in fact, everything that he says in his book makes complete sense. Let me break it down for you:
1. people don’t pay property tax. I don’t know why, but sometimes people are busy and they forget. Maybe they’re in a terrible financial situation and they just can’t pay off their property tax at that time.
2. YOU pay off their property tax. Depending on the county and the state, there is a redemption period ranging from 6 months to 4 years. This gives the current owner of the property a grace time to pay off their property tax WITH INTEREST which goes directly to YOU. The interest can be up to 25% so imagine how much money you could make depending on the tax lien certificates that you purchase!
3. Since the wait time can be up to four years, don’t expect to get your money right away. Once the redemption period has run out, and the current owner STILL hasn’t paid you back, their home goes into foreclosure and you then have a chance to take their property. Property for how much you paid for the tax lien certificate? Sounds great to me. I’d sell that baby for a lot more, get a lot of profit, and move into a nicer house… OR buy more tax lien certificates for nicer homes and pray to God that they’ll forget about paying me back completely.
4. When a house goes into foreclosure, the bank becomes the new owner and since the bank absolutely does not want to give you a home for about a couple hundred dollars, they will pay you the money that you are owed instead.
See? That wasn’t so bad. It really IS easy money.. you just have to do your research and it takes more time than you want. The thing with infomercials is that people just expect money to magically fall out of thin air once they purchase their packages, which it doesn’t (hence why people call this entire system a scam). It takes a bit more time and the Saen Higgins websitegives you advice and tips to help you not to make mistakes that other people go through when trying to do this on their own.
So.. just to clear up rumors, its not a scam. Its just not instant and like everything else.. nothing comes easy. They just come easier than others.
I, myself, have not done this yet, but joyce has had personal experience with this.. industry.. so check out her blog to see what exactly happened!
This posting was authored as a paid assignment by the company being
written about, blogged about and/or reviewed.
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Hi Jen,
I'm reading Saen Higgins book, Wealth Without Risk and I am highly considering joining his coaching program. I really like the fact that with this program I get what he calls a URT (Ultimate Research Tool). This module does ALL the research for you. I must admit, I like to research but I much rather have all of the hard work done and brought to me for review. It saves time and I can dedicate more energy towards staying on top of my game. Just thought I'd share the educational wealth. Take care!
i ordered the Wealth Without Risk book as a skeptic. But for the total price of $31.90, I have gained a TON of knowledge. You also get access to his website for a free 30 day trial which gives you even more detail on tax liens. I even went to my county administrator and they verified everything that is said in the book. No scam... and Im a real person...
I am from Wisconsin and This does NOT work in Wisconsin - even if you get a certificate of title - you cannot clear it for years to sell the property, and if the owners ever would want to pay you (which they wouldn't, it is only 12% interest.
I have purchased the book as well and it is very informative. If you go on the actual website and watch the archived video blogs that Saen Higgins offers, he tells you a lot about the various procedures in different states. I have been reading reviews about him and the services he offers because I am considering the coaching. What I have realized is that there are a lot of skeptics, as there should be, but the big money that he speaks about isn't coming from simply buying a TLC here and there. I have learned from watching his video blogs, reading the book and speaking with their representatives that you make the bigger profits when you buy the deeds to the properties out right as opposed to "hoping" a lien certificate doesn't get paid. The deeds cost a little more but you own the property and don't have to go through the foreclosure process because the state ha already done this.
Michael Meyers, Wisconsin is probably not a deed state and Saen Higgins, as well as every other source I have found, says to thoroughly research the state and county before investing in the lien. You should have found out what the redemption period was prior to purchasing it. His team also offered ways to purchase liens in a way that you aren't having to wait the entire redemption period.
In all, what he has to offer as apart of the basic book and what is on his website is VERY informative. I don't know about the seminars or shelling out all that money for other things but I am confident that with your own research and common sense there is money to be made and he and his team can possibly help.
does this work for canadians too?
So do u have to have money to buy the tax liens. I have the money to buy the book but will it take more money than that? I have the time to study it.but i dont want to put anymore money into it than just buying the book.so would i have to invest more money thae me n i put into it.write me back on amandagallegos84@hotmail.com
can this work in the bahamas ?
Yes, canadians can also purchase tax liens in the united states. Saen Higgins has in fact taught people in Singapore how to invest in tax lien certificates. You do have to use your own money to buy the tax liens, the book is simply a guide to teach you how to do so and to explain how it works. and i don't think it would work in the bahamas, i believe it is only a US thing.
how do i get it
You can order it on amazon.com. or wealthwithoutriskcommunity.com
It sounds like an idea that is not outright fraud but the way it is sold certainly does not look ethical to say the least... Here is my beef:
1) many of the high yield advertised are actually starting points in the bidding auctions. So in reality yields on most certificates are well below 16%.
2) there is no secondary market.
3) foreclosing on a property is really not that simple and certainly creates all kinds of potential liability that are not even mentioned...
As a conclusion, if you interested in income - buy income producing funds. It is very naive to think there are risk free opportunities that yield 16%. Good luck to all.
really considering buying the system. I understand that it will take more than just buying a system and poof money will just appear. Investments take more than just that. Actual work has to be done. However, I would like know the total price for everything because being on a budget already is tough and if I have to pay hundreds of dollars to get started just isn't possible.
I understand that reading the book isn't gonna make me money and I am willing to work to make it work for me but typically how successful are the people that buy this program and how much time, on average, does it take for me to see a return on my investement if I started right away?
As anyone made any money using this system?
Ive been buying tax liens for over 15 years. Just heard about saen higgins, so I though I should check it out. He nailed it 100% in this book. Nice job, no scams. And yes you can earn 16% constantly in arizona. Iam from there and invest alot of money in liens. I was taught this system by Ted Thomas, look him up, and youll see he charges about 5k. This is the real deal if your serious. If not, just keep working your 9 to 5 job.
You people do realize that this blog was paid by Higgins to write something positive about his scam.
im James,im currently a chemical operator here in Mississippi,i've never thought of being involved with real estate or properties!will that work in mississippi?
I have been lookin into this an am very interested. Now Damon you say you've done this for a long time now, and i too am from AZ do you have any pointers or tips on how to get started or can you be a mentor?
If this is a scam and Higgins paid people to write positive things about his scam, how come no authority is after him for defrauding consumers? Just curious. Any thoughts are greatly appreciative.
Michael Meyer said this doesn't work in Wisconsin. Is that true? Who would I have to check with to see about tax lien certificates? Could a person pay tax lien certificates from other states other than my own state of Wisconsin? Or is it suggested to stay in your own state?
This just doesn't seem to add up. It is paid for by Higgins to make his "product" credible. So the price is about 30 bucks for his book, while Ted charges 5K for his services. If Saen's service was as sound as he's implying, wouldn't there be a better way to market such a thing? Come on people, anyone trying to sell you investing strategies (That are "risk free," granted...) is MOST LIKELY misleading you. Any business school will you tell you there is no high yielding, risk-free investment.
I see no reason it cannot in Barbadoes ect.Here in Jamaica pay the last7years back tax plus the assistance of an attorney and additional transfer tax .owners migrate an stop paying the taxes.
found this post almost word for word on this site: http://gettaxlien.com/wealth-without-risk-review-h . Sounds like these are both ads
websclubs 16 months ago
Hi Jennaychu,
Wealth Without Risk?
what experience do you have with this... industry? You can learn how to buy (tax lien certificates that you purchase) Some things do come easier for some than for others. Do your research to get the thing you want. It takes some more time than others to get the right advice and tips or help... When a house goes into foreclosure, the bank becomes the new owner and will pay you the money that you are owed. Sell that house for a lot more, get a lot of profit, and move into a nicer house. (Or) buy more tax lien certificates for nicer homes… when people don’t pay property tax. (You) pay off their property tax. This gives the current owner of the property a grace time to pay off their property tax "With Interest" which goes directly to (You). It's money you could make depending on the tax lien certificates that you purchase!
Wow! super info. Thanks