The Wealth Formula with Saen Higgins
Entrepreneurs on Fire
00:00
What's the Point of Property Tax Leans?
"I started learning this in 19 94. I did my first deal, and i was like, you know, kind of what you're saying here, how can this possible?" "Everybody in the country has proper taxes, and the county collects that money," he says. If somebody fails to pay their property taxes, 'the county needs some kind of mechanism to force that' He buys properties for 10% of their fair market value; if they don't pay up, there's a five-year foreclosure process.
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