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 4 1/2 Stars For me Nov 15, 2009
Out of the all the books I have read on Tax Deed investing...this is the best one so I rate this book 4 1/2 stars.
I have read other peoples reviews here and feel compelled to add some feedback.
I personally have purchased over 100 Tax Deed properties in 7 different states so I do have some experience in this field of investing. I am always studying and learning so I purchase interesting looking books from time to time for knowledge expansion.
There are some negatives aspects of this book but with that being said, they are small negatives and no book is perfect.
Firstly, I have read some reviewers writing this book has only state specific information. Being this book is only 180 pages, it would be absurd to think that the authors could include every 23 different states specific laws and regulations. If that was the case, the book would need updating every month because state laws change so frequently.
The general information in this book is valid for all the states I have invested in; but keep in mind I say general. For state specific information DUE DILIGENCE would be expected. No matter how many book you read on Tax deed investing, you would be wise to check on the latest laws and procedural changes or consult with an attorney (as it states in the book).
Secondly, I noticed one reviewer nitpicking about the total dollar amounts the authors made from their investments. Come on, you really think they are going to list every property they purchased in the book. That's pretty close minded to nitpick an obviously well written guide.
I received tremendous value from the personal stories the authors provided and it appears these stories are truthful (you can view the records of purchase online). Also the chapters on how to evaluate a property were very good (even though I knew most of this already). For a beginner that information is essential.
For beginners, the book purchase includes a Tax Deed sale list. It's a handy list of locations where each state holds their sales. I don't know how up to date the information is for all states but for Texas, the information was correct. You have to dig through to find the list download code but it's in there. It should have been placed in the front of the book.
When reading the book, I really felt the authors to be genuine. The information they share isn't the usual generic ramblings that are included in some "How To" guides; they want you to succeed so that is refreshing.
In closing, I recommend this book whole heartedly.
0 of 4 found the following review helpful:
 Florida-based, moderately valuable Oct 30, 2009
This is a book about buying real estate bargains at Florida County delinquent property tax auctions. You get a deed for the property if you are the successful bidder.
The authors write mostly as though the Florida system for tax deed sales were generally used for tax sales. Nope, only in Florida is the system this way. They treat the very unique FL process as though it were universal. From what I know, every state seems to have a different system for collecting delinquent property taxes. I have bought tax liens in three states and tax-deeded properties in three states, one being a state where I bought liens. Plus, I've bought county-owned properties after tax deed sale in two states, again one being where I've bought properties at tax deed sales. So I have experinece in six different states. If you are interested in Florida tax sales and tax liens, you may find this book is especailly good for you.
There are a couple of strengths of this book which could benefit you if you want to bid in tax deed auctions in other states. There are "case histories" which very briefly describe properties that the authors were involved with, including several they bought at tax deed auction. They strongly recommend doing research before bidding, although their description of the information to be found in the foreclosure files may not apply in other states. There is a moderately detailed description of the research you should do. They also give advice on using property maps and arial photos to research, which I feel is valuable. They have a pretty detailed section on hiring contractors to repair improved properties.
While the authors' subtitle claims they made "One Million Dollars in Two Years!" they don't document the claim. They show some profits for some of their investments. I did not add them together, but my impression is they don't show "one million dollars" in profit. I commend the authors for having details of their expenses and profits--this is very educational for beginners, I feel.
They don't mention that most properties at tax deed auctions are vacant lots. Although they do talk some about buying vacant lots, they don't emphasize it or advise you on how to do so. They do briefly mention some of the bad properties that go to tax auction, so recommend seeing potential buys.
The discussion of IRS liens against tax-delinquent property owners is incomplete and misleading, making it sound a lot more ominous than it usually is.
The writing is simple and clear. There are several typographical errors, although not necessarily more than are common these days with poorly-edited or -proofread books. Some of their statements are wrong, such as saying that in the mid-2000s "some" states experienced 100% appreciation of housing prices "in one year." This is false--here was no such event.
Buying properties at tax deed auctions is my favorite way to acquire bargain-priced properties. There are opportunities to get astounding deals, provided you do careful homework before buying. If you are going to invest in tax-deed properties in other states than Florida, you might want to buy this flawed book. If you do so, I recommend you skip over the details of the auction process in Florida. Then closely study the details of the law on the tax sale process within the states where you plan to invest.
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1 of 1 found the following review helpful:
The real insight into Tax Deed Investing Oct 12, 2009
I've been interested in Tax Deed investing for a few years so I thought I would buy a couple of books from Amazon as I'm finally ready to jump in. Out of the 3 book I bought, this one has been the most helpful. I like the way this book is specifically written towards Tax Deeds and not Tax Liens (2 completely different investments). The other books I read were very vague and didn't really pinpoint how to be a successful investor. This book really gets into the inner workings and explains what pitfalls to avoid and which opportunities to jump on.
There is also a chapter of real life stories where the authors share their investing experiences. I really enjoyed this part of the book.
Best of all included with the book you receive a download of all the locations of Tax Deed sales within the USA. That was a big selling point for me because these sales are not always easy to find, especially if you live in smaller cities or more rural areas.
I highly recommend this book.
8 of 10 found the following review helpful:
 You Won't learn how to clear title Feb 01, 2009
This book is great for everything about tax deed auctions and tax deed auction investing except clearing title. I feel that the book has quite a few realistic examples, and lots of great information. However, the reason I bought the book was to learn how to get a marketable title on a property that was bought at an auction. The book's contents shows that it has an entire chapter on the subject. When getting to the chapter you will learn that the authors took this opportunity to not tell you how, but to offer their services for a fee. This was disappointing for my purchase, but I did learn about a lot of other aspects of tax deed investing.
10 of 10 found the following review helpful:
The authors really and truly want their readers to be able to do this, it seems Jul 07, 2008
This is just the kind of investing book we all hope for, with detailed instructions as well as both the pro's and the con's--not just the hype that sells books, not just "how to get rich without effort," but the authors honestly explain the negatives right along with what's so great--all the things that can go wrong, what to watch out for--also how to avoid wasting time, which is extremely important. They also stress that it is a lot of work, yep; but then they show how effort pays off, AND that taking care counts much more than having bundles of cash to invest--and that's what I want to learn more about, don't you? Needless to say, the book is inspiring simply because it makes it seem realistic for anyone to get into this type of investing since the authors explain what they actually DO. I felt they actually WANT to share their professional secrets--and you know, not everyone does! Which is almost like having a personal mentor! This book is that good!
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