How does tax lien investing work?
Jay Tenenbaum & Seti Gershberg’s guest is Joanne Musa, known as “The Tax Lien Lady.” In this episode, Joanne explains that we don't own our property; the government does. We pay property taxes to the government because we are renting our property. If a homeowner fails to pay their taxes, the government can either sell their property right away or give them more time to pay their taxes. To give them more time to pay, they sell their taxes to investors in a tax lien auction. For the homeowner to get their property back, they need to pay the principal amount and interest to the investor.
If you're a beginner tax lien investor, this episode is for you.