Tony Martinez

Understanding, if it's a decent property, I mean, if it's a decent property and it happens to be a person's primary residence, I can tell you right now, they're paying it off. right? No one loses.

Understanding, if it's a decent property, I mean, if it's a decent property and it happens to be a person's primary residence, I can tell you right now, they're paying it off. right? No one loses.

And I'll just tell you in general, when you start talking about houses in the 300 and 400 and 500 and $600,000 above price point, and it's a person's primary residence, you get zero of those that don't redeem, right? They all redeem. No one in their right mind is ever going to lose a valuable property like that for a few thousand dollars in back taxes. It doesn't happen. Now, the reason why people

And I'll just tell you in general, when you start talking about houses in the 300 and 400 and 500 and $600,000 above price point, and it's a person's primary residence, you get zero of those that don't redeem, right? They all redeem. No one in their right mind is ever going to lose a valuable property like that for a few thousand dollars in back taxes. It doesn't happen. Now, the reason why people

think that that's a possibility is because there are some jerks out there implying that that's the case. And it's just not. It never has been.

think that that's a possibility is because there are some jerks out there implying that that's the case. And it's just not. It never has been.

It would be a better filter. But again, you're still gambling because it could be a first, you know, they can be just delinquent one year.

It would be a better filter. But again, you're still gambling because it could be a first, you know, they can be just delinquent one year.

Yeah. You would really spin your wheels for a long time on those lists. Man, when you started talking about, you know, for me, and especially after all these years, I'm just going after properties I know I'm going to acquire. I'm not playing this, you know, let me look at a lien and hope someone doesn't pay their property taxes. That's just not reality.

Yeah. You would really spin your wheels for a long time on those lists. Man, when you started talking about, you know, for me, and especially after all these years, I'm just going after properties I know I'm going to acquire. I'm not playing this, you know, let me look at a lien and hope someone doesn't pay their property taxes. That's just not reality.

Again, the way it's being portrayed in the marketplace is bull crap. And what I mean by that is, listen, People are, you know, there's literally ads out there right now by other people saying, average Americans are getting rich because they're earning these double-digit returns on taxing certificates.

Again, the way it's being portrayed in the marketplace is bull crap. And what I mean by that is, listen, People are, you know, there's literally ads out there right now by other people saying, average Americans are getting rich because they're earning these double-digit returns on taxing certificates.

I can tell you right now, people aren't getting rich from double-digit returns, because think about it. Let's say you had $100,000. And most of my clients don't start off with $100,000 cash sitting in the bank, but let's say they did. And you invested in a tax lien certificate and it paid 18% interest. Okay, so you made $18,000 for the year. That's below the poverty line in America.

I can tell you right now, people aren't getting rich from double-digit returns, because think about it. Let's say you had $100,000. And most of my clients don't start off with $100,000 cash sitting in the bank, but let's say they did. And you invested in a tax lien certificate and it paid 18% interest. Okay, so you made $18,000 for the year. That's below the poverty line in America.

If you wanted to earn a six-figure income, you'd have to invest a half a million dollars to earn a six-figure income, earning interest only. And so there's so many other variables on top of that. That's if you got the full interest rate. When you go to a tax lien certificate sale, you're bidding on the tax lien. And what that means, like in Florida, where you live,

If you wanted to earn a six-figure income, you'd have to invest a half a million dollars to earn a six-figure income, earning interest only. And so there's so many other variables on top of that. That's if you got the full interest rate. When you go to a tax lien certificate sale, you're bidding on the tax lien. And what that means, like in Florida, where you live,

They open the bid at 18%, but then they bid it down. And the person willing to accept the lowest interest rate is the successful bidder. Well, historically, if you average it out across the board in the state of Florida, you're looking at a 5% interest rate. Wow. Yeah. Wow. That's a known statistic.

They open the bid at 18%, but then they bid it down. And the person willing to accept the lowest interest rate is the successful bidder. Well, historically, if you average it out across the board in the state of Florida, you're looking at a 5% interest rate. Wow. Yeah. Wow. That's a known statistic.

You're not. And here's the other challenge. Let's say you invested in a taxing certificate in Florida. And let's say you got the entire 18%. Well, it's annualized. So if the property owner redeems in month six, you got 9%. And then you have to go figure out reinvesting the capital again.

You're not. And here's the other challenge. Let's say you invested in a taxing certificate in Florida. And let's say you got the entire 18%. Well, it's annualized. So if the property owner redeems in month six, you got 9%. And then you have to go figure out reinvesting the capital again.