Join us on Average Joe Finances as our guest Ted Thomas, a seasoned expert in tax defaulted properties and tax lien certificates, shares his journey from being an airline pilot to becoming a successful real estate investor, and how he stumbled upon the lucrative market of tax defaulted properties and tax lien certificates.
In this episode:
*Understand Tax lien certificates as an investment opportunity where you pay the overdue property taxes and earn interest on your investment. If the property owner doesn’t redeem the certificate, you could acquire the property free of liens.
*Get to know how economic downturns, like a recession, can affect investments and the importance of adapting strategies in response to market changes.
*Learn why it’s crucial to educate yourself thoroughly and understand the investment process to avoid costly mistake before diving into tax lien certificates and tax defaulted properties
*Revealing the effective strategies for success in tax lien certificates and defaulted properties such as setting a budget, knowing your exit strategy, and avoiding emotional bidding (auction fever).
*And so much more!
Key Moments:
00:00:52 Ted Thomas' Background and Career Journey
00:01:36 Transition to Real Estate and Early Success
00:02:19 Facing Recession and Learning About Foreclosures
00:03:06 Discovering Tax Defaulted Properties
00:04:06 Educating the Audience on Tax Defaulted Properties
00:08:43 Navigating Auctions and Real Estate Strategies
00:13:57 Importance of Education and Avoiding Mistakes
00:19:17 Success Stories and Client Testimonials
00:23:38 Profitable Property Auctions
00:24:23 Understanding Redeemable Deeds
00:25:07 Navigating State-Specific Auction Rules
00:25:56 The Importance of Learning the Business
00:26:11 Success Stories and Strategies
00:27:46 Tax Lien Certificates Explained
00:30:21 Investing with the Government
00:34:10 Final Round: Ted's Insights and Advice
00:40:44 How to Learn More and Get Started
00:43:52 Closing Thoughts and Appreciation
Ted invites you to join his comprehensive six-hour class. Use the code "JOE50" for a discount on this invaluable learning experience. This class is the perfect starting point to learn from one of the industry's best. Visit www.tedthomas.com for more details and to sign up.
Find Ted Thomas on:
Website: https://tedthomas.com/
Youtube: https://www.youtube.com/@Ted-Thomas
Tiktok: http://www.tiktok.com/@taxsalesexpert
Facebook: https://www.facebook.com/TaxAuctionTed
Instagram: https://www.instagram.com/taxlienauthority
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