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· 215 ratings · 20 reviews

Start your review of The 16% Solution: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates

Apr 21, 2009 Jessica rated it liked it

The original 16% Solution came out in 1994. I just finished the 2009 edition, which has been updated in many ways. The 16% Solution is about investing in tax lien certificates, which is something that I had never heard of before. Basically it involves buying tax liens from county governments, and then rather than the county earning the interest, you now earn the interest. Only 23 states sell their tax liens in this way, but Moskowitz includes all of this information for you.
The major differences The original 16% Solution came out in 1994. I just finished the 2009 edition, which has been updated in many ways. The 16% Solution is about investing in tax lien certificates, which is something that I had never heard of before. Basically it involves buying tax liens from county governments, and then rather than the county earning the interest, you now earn the interest. Only 23 states sell their tax liens in this way, but Moskowitz includes all of this information for you.
The major differences between this edition and the first one is the fact that many counties now do their auctions online, or at least have websites that have very detailed information about the procedure. Moskowitz includes web addresses for all of the relevant counties. He also includes advice that is based on the current economic situation, rather than what the economy looked like back in 1994. The world is a different place now.
At first I was wary of tax liens - I felt that it must be in some way bad for the person whose lien is being sold, the person who has been unable to pay their property taxes. I would hate to participate in a system that made it easier for people to lose their homes because I bought the lien on their unpaid property tax. But in many states, it's actually better for the property owner - at the auction, the person who wins the bid is the one who will take the lien at the lowest rate of interest. Granted, some states seem to make it very easy to foreclose on someone, but I was interested in the states that seemed to be the most fair to the property-holder. All-in-all, this book makes tax lien investing sound like a really good deal. I plan on checking it out when I have the extra money ready to invest. And I will have this book read for when I need it. ...more

Great book to introduce one to the world of tax lien certificates. The best section of the book is the appendix because it goes into detail of the different state's requirements for tax liens. Great book to introduce one to the world of tax lien certificates. The best section of the book is the appendix because it goes into detail of the different state's requirements for tax liens. ...more

Apr 02, 2016 Brad Barkel rated it really liked it

Great intro to tax liens. Check to make sure your state does tax lien certificates (many do not) and absolutely fully understand the redemption process before spending any money on this. Many states now offer these sales online, and combined with GIS you can pretty easily pull all of the parcel info to make an investment decision. In my state these start out at 16%, but they bid down to lower amounts at auction so a lot of times a competitive desirable cert may only be purchased for a much lower Great intro to tax liens. Check to make sure your state does tax lien certificates (many do not) and absolutely fully understand the redemption process before spending any money on this. Many states now offer these sales online, and combined with GIS you can pretty easily pull all of the parcel info to make an investment decision. In my state these start out at 16%, but they bid down to lower amounts at auction so a lot of times a competitive desirable cert may only be purchased for a much lower rate of return. ...more

Apr 07, 2009 Kathyw marked it as to-read

I am actually reading the 20009 edition of this book. It has just been released in March. It discusses earning a higher interest rate in an extremely low interest rate market.

Nov 11, 2009 Nate rated it liked it

Interesting alternative investment option that I will continue to look into it. So far it seems like there is more to tax lien investing than the author leads to believe. Still worth taking a look.

Sep 09, 2011 Terri rated it really liked it

Very interesting, am seriously considering trying this as an investment venue.

Feb 19, 2013 Abe rated it liked it

a teaching book ; not a page-turner. learn what you can and it would be good for a new edition to be updated.

Very detailed information on the ins and outs of tax lien investing. The author provides the current laws for many states along with pitfalls to avoid and website links for the individual counties.

Retires the trophy. One of the best books ever written

A good overview of the world of tax lien investing

I really enjoyed this book. I have been looking for new ways to invest my excess income and this book gave me enough information to get started with investing in tax lien certificates. How well this book holds up will be answered in time. But it was very informative and written in simple enough language, as opposed to strictly legal-speak, that I feel confident to start doing my own research and start investing on my own.

Oct 02, 2017 Brian rated it really liked it

I learned enough to know tax liens are not for me living in Pittsburgh and making 30% on my other investments with a similar amount of work, but I can see its use for people in other locations with different investments.

Really interesting

Explain the idea and the potential. For sure it's give you enough information to start to look into this kind of investment.

Easy book to read to decide whether or not this type of investing is worth pursuing further.

Jul 15, 2021 Youngchai rated it really liked it

Very informative, easily written.

Gave me some good ideas as to what to do with tax lien properties.

Good information so far. Easy to read for a detailed subject.

If you have done your research online, you won't find anything much new in The 16% Solution. But if you are new to the business, the book is a good starting point, but you can learn much more on the Internet afterwards. If you have done your research online, you won't find anything much new in The 16% Solution. But if you are new to the business, the book is a good starting point, but you can learn much more on the Internet afterwards. ...more