The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates

Joel S. Moskowitz

ISBN 10: 0836280849 / ISBN 13: 9780836280845

Published by Andrews McMeel Publishing, 1994

About this Item

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Bibliographic Details

• Title: The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates
• Publisher: Andrews McMeel Publishing
• Publication Date: 1994
• Language: English
• ISBN 10: 0836280849
• ISBN 13: 9780836280845
• Binding: Hardcover
• Condition: Very Good

About this title

Synopsis

A comprehensive guide to personal finance and investment explains how to achieve the maximum financial yield in a time of low interest rates and a weak stock market, discussing such options as tax lien certificates and their benefits. 50,000 first printing.

From the Inside Flap

About $15 billion in property taxes goes unpaid every year in the United States.  When these taxes are not paid, a tax lien is put on the property.  In many states, local governments allow investors like you to pay these overdue taxes.  This gives them the money they need right away for their police and firemen and all the other functions of government..And what do you get?  Your investment seldom amounts to more than 1-3% of the value of the property, so if you've taken the steps outlined in this book, your investment should be secure.  And when the lien is paid, you get your money back, plus all the interest penalties the government collects, which can be 5%- 36%, depending on the laws of the state.