Platinum Investment Properties - West
TAX LIENS & TAX DEEDS
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Utilizing Conservative Strategies To Maximize Your Potential In An Aggressive Market
A Proven Strategy, Which Has Earned PIP-West's Clients More Than 30%/yr Return On Their Redeemed Liens For More Than 10 Years.
Each state and each county within the state have different laws, policy and procedures. These can change frequently. Therefore, the purchase and management of investments in this field can seem overwhelming to most novice investors of Tax Liens and Tax Deeds. Investments in this field require extensive knowledge and experience, as well as extensive continual research of the field. PIP-West has the knowledge and experience after many years of purchasing and managing these types of investments. Whether in a strong, or weak market, PIP-West has consistently earned its clients average returns above 30% per year on their investments in tax liens and tax deeds.
Our strategy is focused on obtaining the highest possible return for YOU, our Client. In Tax Lien Investing, we focus on the highest interest yield tax liens, the highest amount of equity to secure the lien, and a high-yield compounding effect through reinvestment of redemption proceeds in more tax liens. In Tax Deed Investing, we focus on a combination of both; the highest interest yield (when applicable) and the highest equity profit upon purchase of the Tax Deed.
Finally, we are the only agent with a fee structure designed to ensure YOUR success. Explore all the advantages PIP-West has to offer!
Don't feel you are obligated to pay your taxes?
What do you think the government can do about it?
Understanding The Tax Lien/Tax Deed Process
They can place a tax lien on your property and either sell that lien to investors in a public auction, or collect the interest themselves. If you have a property tax lien assessed, you are required to pay the cost of your taxes plus 5% to 50% in interest. You will be allowed a certain amount of time to settle the debt, or "redeem" the lien. Failure to do so will result in the foreclosure of your property and the lien holder can take full possession of your property. It is all mandated by government statute.
To have a reliable and predictable source of revenue, local governments sell unpaid property tax liens and tax deeds to private investors. The lien against a delinquent taxpayer’s property accrues interest of 5% to 50% each year until the taxes have been satisfied (the exact amount varies from state to state). If the taxes and accrued interest are not paid within a specific period of time (set by the local government) the lien may be foreclosed and the property sold by the holder at full market price.
Certificates are issued for each lien. The certificates are recorded in the local government property records and provide all the information regarding the details of the lien. Tax lien certificates provide the address, legal description and current owner of the property, as well as the rate of interest and the amount of time the owner has before the property may be foreclosed on by the certificate holder (investor). Government tax liens are superior to all other liens attached to property, including first mortgages.
Taxpayers, The Local Government and Tax Lien Investors All Benefit By The Sale of Tax Liens and Tax Deed
Government tax liens offer taxpayer more time to pay their taxes before more drastic collection measures are taken. Many people believe the government’s sale of tax liens and tax deeds is a means of taking advantage of the less fortunate. In fact, the opposite is true.
- Failure to pay property taxes is similar to tax evasion. In a few states, a delinquent taxpayer can even be imprisoned.
- The government can seize a percentage of a taxpayer’s assets to satisfy the taxes.
- The government can foreclose and immediately sell the property at auction to satisfy the taxes.
Local governments depend on property taxes to pay for nearly everything in their communities. Property taxes pay for schools, law enforcement, hospitals, roads, etc. Tax liens provide a predictable and reliable means of collecting this revenue. If tax liens were not available, who would pay for the shortfalls of the delinquent taxpayer? You would! Our schools, law enforcement, hospitals, roads and everything else paid for by local government would all have much lower budgets, which could mean having to sacrifice on quality. To maintain these basic services, every citizen’s taxes would have to be raised to make up for those who did not pay.
TAX LIENS OFFER INVESTORS: SAFETY
· Investments are made in your name
· Investments are conducted by your county government
· Liens are secured w/priority status against the property
· Recognized as an IRA Qualified Investment
TAX LIENS OFFER INVESTORS: HIGH YEILD
· Percentage is mandated and enforced by Government
· Percentage will not fluctuate, due to declining economy
· Secured rates by PIP are currently 8% -50% (net to client)
· If you are able to foreclose returns are endless
PLUS (You Give)
· Delinquent tax payer additional time to pay his taxes
· County budget the investments they need for schools, etc.
· Yourself and your neighbors cheaper property taxes, because the County has the funds to afford its budget
2008/2009
PIP-West Purchased 1,155 IL Tax Liens At An Average Yield of 34%/Yr
