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Tax Lien Investing: 13-18% Secured by Real Estate w/ Stephen Morel
Banks have earned 13 to 18% on unpaid property taxes for 100 years. Here's how tax liens work.
Every year, over $20 billion in property taxes goes unpaid in America, and investors buy billions of that debt from counties as tax liens. The returns are strong and secured by real estate, but 50 different state rulebooks have kept the game mostly in the hands of hedge funds and banks.
Stephen Morel is a 20-year title attorney out of New Orleans. After Hurricane Katrina flooded his home, he built a title insurance program that put roughly 12,000 abandoned properties back into productive use. Now…
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