Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series

• #7 in Best Real Estate Books

32 Reviews

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This is an enjoyable light reading on tax liens. Although the book says you can learn it in seven days, I think you can probably read through this entire book in about six hours. You don't carry a huge bunch of pages with useless glossaries. It goes straight to the point and step by step. I also recommend reading Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time by Loftis. Our local library showcased these two books actually during the tax season. I don't think they knew these books were actually for real estate tax liens rather than personal taxes. But I'm glad they showed it!

To break it down, here's why I like this book --

a. It's a very easy read, you can get done with it in 6 hours.

b. It's cheaper than a tax lien system I found online by supposed gurus who charge an arm and a leg. yikes!

c. It's written by someone who actually buys tax liens and not just someone that writes for a living. Those books tend to "look great" but lacking in content.

d. It isn't boring, it is illustrated.

I've bought several foreclosure books and this one is one of my favorites. This effectively has some of the most detailed information about tax liens and tax deed foreclosures but in a very short form (to the point). One big thing that made me buy this book is the online support -- I was able to get responses within two hours from the publisher on questions relating Georgia tax liens. That's not bad, considering some books don't even have web sites. I mentioned on the subject header to not buy the Ultimate Foreclosure Kit which is also by the same author. This book is more updated, has more information, and is discounted online.

Each week I see infomercials on buying tax liens as a way to own real estate. Wanting to know more, but not wanting the hassle of infomercial upsell pressure, I got this book. I think it offers a good overview of how tax liens work. It also shows that you're not too likely to buy a tax lien for $200 and own a home. It shows how states vary (some you just have a lien, some you have the home), and how tax sales work.

Because real estate and taxes involve big financial implications, I'd still do more research and even find a mentor who is successful in tax lien purchases before getting involved. But for an overall view, this is a good resource.

This 'complete guide' to tax liens is a misnomer since all tax lien laws tend to change and it is highly affected by those changes. But what is good about this particular book is the fact that it has a corresponding web site...such as the changes on Michigan or the new tax lien sales happening in Florida.

The book with the web site is why this is a better buy than most of the tax lien books I've read. There's also a question and answer link that I've found useful (I'm not sure if you talk to the author or someone else though).

Overall, a good book with online resources.

An official Library Weekly book review.

REVIEW:
Superb, fun to read, and introduces a new alternative to stocks and bonds - Don Sausa shares the secret of banks and wealthy investors. The book guides you from day one to day seven on how to research, and invest in tax liens and tax deed foreclosures. His writing style is refreshing, sprinkled with humor and inviting.

A very easy to understand book. Was impressed that this offered free mentor support online. It also helped me understand what's going on with the current real estate market, with all the foreclosures and the real estate values evaporating, this book helped guide me on some new investment ventures: tax liens.

I took the bite from a real estate conference's suggestion about this book and was pleasantly surprised. Considering that tax lien systems cost about $199 on the low end and over $5000 on the high end, this book is a breath of fresh air. It is actually fun to read, the author puts in light humor.

But the cost or humor isn't really why I gave it five stars. The information is straightforward for even elementary level, but the thing that puts this above other tax lien books is the free online support that otherwise would cost expensive hourly fees from coaches on systems.

Tax lien expert Don Sausa presents The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds, a guide for lay readers of modest means and up to investing in a secure market favored by the rich - government tax auctions, in which tax lien certificates and tax deeds are sold for pennies on the market value dollar. Designed for quick-study in seven days or less, The Complete Guide to Real Estate Tax Liens and Foreclosure Deeds covers where to find tax auctions, important research that one should undertake before the auction, bidding types and strategies, how to flip tax liens, and much more. A practical, solid guide to an excellent alternative to investing in the volatile stock market or lower-yield bonds, featuring numerous sample checklists, state-by-state summaries of auction types, and much more to help any reader get started in the market. Highly recommended.

I've bought a couple of tax lien books after seeing some commercials on TV. This is the easiest so far to understand because it breaks down the auction process and the research process into steps and checklists. The other books tend to give you an encyclopedia article of what tax liens are, but this one clearly tells you HOW to do it not just WHAT it is.

I want to give this book a star of 4.5 because I think it is clear and straight to the point about the topics. It helped me understand what kind of investment it is and more importantly, it tells me about the possible risks/problems. There are many books about the same topics and many of them simply address too much about the "easy, simple and safe" side of the investment. The reality is all successful investment takes some research. But this book doesn't seem to be hiding any potential problems and certainly showed me a clearer picture of this type of investment and how to do it. I recommend it for anyone who is interested in this field, especially beginners. Thanks!

As someone new to the tax lien and foreclosure invesment arena, this book provides a great synopsis of the tax auction business of the government. Interestingly enough, it is apparently where banks invest at 12-16% interest rates using our money that we deposit for 2-4%.

I really enjoyed the no-nonsense style of writing and the realistic approach to making money, which is hard work and requires a bit of tenacity. The steps are split up into 7 easy chapters.

I look forward to using the techniques to further my investment experience and portfolio.

This is a very very quick read and a definite time saver for people on the go. I think if you are new to this and didn't know how tax liens work, you will really find this book to be helpful as it guides you step by step. It is very specific on what you should do and what forms to fill out. I have looked at other tax lien resources mainly John Beck's expensive tax lien program on TV. I found this book to be cheaper and more direct to the point, while the latter having little or no resources unless you want to pay more for coaching and stuff.

Also I was surprised to find the free online community with this book. It makes the learning process a little easier when you have questions and you can ask people including the author directly.

This is a great book for a novice like me. Short and to the point!

I read The Complete Guide to Real Estate Tax Liens and Foreclosures in one weekend. It is very consice and gets right to the point. It was fun researching some of the suggested sites and actually seeing some of the properties that were listed. I am a detail person, and I would have preferred to get more details on some of the pitfalls that I may face in making these purchases, but Don Sausa does have a unique ability to take a complex subject and simplify it for all readers. I think this is a great book for anyone who needs to know about purchasing tax liens and deeds. There are so many rip-off programs out there and people are paying alot for them. I applaud Mr. Sausa for his consumer friendly book and the website support. It is a great value!

What a pleasant investing book to read! Surprisingly simple to make any beginner feel like an expert in tax lien investing. Quick to the point without any extra "fluff", I was able to finish my copy in one sitting. I have to admit looking at the book's web site and being able to see foreclosure listings and properties for sale was proof that sales do go up and properties are being sold cheaply in the secret world of tax auctions.

The book, COMPLETE GUIDE TO REAL ESTATE TAX LIENS AND FORECLOSURE DEEDS, shows that with the right research, you can know how to purchase tax lien certificates of properties that will generate the standard 16% ROI or result in you taking title to a great property you'll be able to sell for a huge profit. It also shows what happens if you don't, how you could be held liable if you purchased a property with toxic waste, assessments, etc.

What a fun and simple book to read on a pretty hard topic! If you ever wondered how to get houses for pennies on the dollar, this book will tell you and show you. But its quick to point out some dangers. Overall a five star hit!

I truly enjoyed this book. But I've learned that our state (NC) does not have tax lien certificates or deeds to play with like this book teaches. However, this does not mean one cannot use the information in another state that allows this activity. If you only want to do this in your residential state, find out first if it is allowed. If not, I wouldn't waste my time researching further.

I first heard about tax liens on late night commercials, and I'm glad I looked up Amazon before I purchased anywhere else. This book is very simple to read and I've bought another set of copies to share to some friends. I would highly recommend it for anyone wanting to know how to buy properties cheaply.

I was curious about the topic of tax liens after reading about it. This book clearly explained what it is. It showed examples, and illustrations. And it didn't carry the usual garbage of having too many pages with no content. This book is a quick read but every page is filled with information that I was able to use.

As someone new to the tax liens/foreclosures investment arena, this book provides a great synopsis of that topic. I really enjoyed the no-nonsense style of writing and the realistic approach to making money, which is hard work and tenacity. I look forward to using the techniques to further my investment portfolio.

A good book that demistifies any confusion about tax sales throughout the country. Easy to read and easy to follow. Breaks down all the information into an organization fashion. Unfortunately, the author's website isn't working.

this book shows tax liens are very safe investments. this book is an easy read on how to get maximum financial yield on tax liens despite market slumps. definitely a book that's needed now.

The book is well written in a very easy manner and I was able to comprehend the concepts and the laws with no problems. What helps the most though is that I was able to get a couple of questions posted on the web site last week and was able to get an answer. Getting an answer to questions from the publishers directly, not bad! Wish it happened more often.

Bought another one as a gift.

Excellent book if you are interested in tax liens. Covers the topic throughly. Includes web site addresses that are useful for tax liens.
Highly recommend.

I got burned on this recent financial crisis and was looking for some new ways to invest without being burned. When i heard about tax liens on the john beck program but didn't want to pay for thousands just to read info about it, I bought this book. An eye opener for sure, there are risks but at the same time there are guides on here and online county listings on the free web site. Highly recommended.

This book is very easy to understand. It gives you step by step information and resources on tax liens and deed. I would recommend this book to any one that wants to know about tax lien and deeds.

This book is straightforward and is written for a beginner. It does not lure you into any gimmicks or tactics that might not work but rather warns you of them and what other pitfalls in due diligence. I drive to the United States often and found the information here valuable as a beginner and someone that isn't from here. You see there are a lot of things we can't do unless we reside in America, being Canadian, I wanted to learn how to invest in tax liens and tax deeds without a social security number. I got my answer as it covers alternatives to SSN.

I read this book in just a couple of days and found it to be simple yet very informative. I probably will not be jumping into investing into liens and deeds right away until I research some more, but this book is definitely one to read first before starting your adventure. It is definitely not boring and I highly recommend it to anyone who, like me, is just starting to learn about this type of investing.

I like this book a lot.

Was broken down into 7 easy steps, pretty easy to comprehend. I have not visited the web site resources in teh book yet. But the book is quick a no non-sense approach, mainly designed for newbies...and yes im a new to this. I saw tax liens on tv and im glad i bought this book before jumping the gun on a TV hotline.

I am surprised this booke is rated so high. I bought it based on the high rating and was very disappointed. Much of the book looks tacked together from Sausa's sources and lacks cohesiveness and comprehensiveness. Much of what is outlined is common sense and when nitty gritty details are needed, hand-wavey explanations are offered or the reader is directed to basically research those points elsewhere. All in all a poorly executed book and not worth buying.

I consider myself computer savvy so I was hoping to get more information than I could get from the internet or my state tax sale site. I couldn't. This book was no help into what to expect, what are the steps that need to happen after you aquire a tax lein (no detail), and what are the typical costs after with forclosing and dealing with lawyers, courts ect. I got none of what I was looking for.
One section covers financing in order to bid on a tax sale. In my opinion if you have to borrow money or use credit cards you are not truly making an investment.