The 16% Solution: How to Get High
Interest Rates in a Low-Interest World
with Tax Lien Certificates, Revised
Edition by J.D., Joel S. Moskowitz
I Appreciate All The Updates From The Previous Edition
This revised edition is arriving just in time to inform investors how to take
advantage of todays slumping U.S. economy. With home foreclosures at
an all-time high and the erratic stock market damaging 401(k) accounts,
people are looking for innovative ways to invest their money.Moskowitz
explains what tax lien certificates are (liens against property for unpaid
taxes), why they are safe (certain states insure them), and how they fit into
an overall financial plan. This new edition includes updates to the laws and
procedures of states and counties that offer tax lien certificates.* The 16%
Solution has been updated to reflect current legal requirements and
information.* Seen as a great investment solution: If you become a buyer
of tax liens, we recommend reading The 16% Solution by Joel Moskowitz.

Its a worthwhile investment. --Ken and Daria Dolan, Straight Talk on Your
Money.
Personal Review: The 16% Solution: How to Get High Interest
Rates in a Low-Interest World with Tax Lien Certificates, Revised
Edition by J.D., Joel S. Moskowitz
With all of the hype and recent infomercials lately touting tax lien investing
as a way to get rich quick, this book is very refreshing. Right from the
beginning Mr. Moskowitz sets the reader straight, giving honest and
straightforward information. I was really impressed with the forward to this
second edition where he likened the chances of someone getting a
property for pennies on the dollar from a tax lien to someone winning one
million dollars from a one-dollar lottery ticket. Yeah it happens every now
and then, but it's not likely. And then he tells you what you can expect from
tax lien investing - "super-high interest combined with safety."
This book is divided into four sections. In the first section Mr. Moskowitz
explains what tax liens are, why they are such a safe investment, and why
now, more than ever before you need to include them in your investment
plan. At the end of the section he has a chart that shows how tax lien
certificates compare to other investments in terms of income and growth
potential, risk avoidance, safety, and liquidity.
Section 2 talks about how to buy tax lien certificates; how to choose a state
and county to invest in and how to choose the properties to buy tax liens
on. It also covers bidding at the auction and buying over-the-counter and
assignment liens. There is even a chapter on how to get local officials to
help you do your due diligence (This doesn't always work in every county,
but it's certainly worth a try).
Section 3 of The 16% Solution talks about how you get paid on a tax lien
certificate and how to foreclose on the property. Mr. Moskowitz explains
how a tax lien certificate is redeemed, how to foreclose on a tax lien, and
what to do with the property once you foreclose on it. Section 4 talks about
avoiding and managing risks. Mr. Moskowitz explains just what the risks of
tax lien investing are and how to avoid them. That's something that most
tax lien investing "gurus" never tell you until you give them thousands of
dollars for coaching. I recommend that anyone interested in tax lien
investing read this book for this section alone. Buy this book and save your
thousands for investing in tax liens!
Also included in the book are a couple of appendixes with helpful
information. In Appendix I there is a chart of state laws for all of the tax lien
states. Georgia is included even though it's technically a redeemable deed
state. This chart is a good tool, but remember, just because a state has
laws that allow it to have tax lien sales doesn't mean that they actually
have any. There are at least a couple of states on this list that either have
only a couple of counties or municipalities that have tax lien sales, or have
hardly any properties available in their sales.

Appendix II has some more detailed information for 14 of the tax lien states
(these are the states that have an interest rate of 16% or higher). Some of
these states are covered more thoroughly than others. My guess is that the
states that are covered well are the ones that Mr. Moskowitz personally
invests in. The states that are covered thoroughly are: Arizona, Colorado,
Florida, Georgia, and Iowa. Detailed information on the other states is
lacking. If you are investing in one of the above-mentioned states or
planning to invest in one of these states I recommend that you purchase
this book. Also if you are planning to invest in tax liens on commercial or
industrial properties there are helpful forms for avoiding environmental
problems in Appendix III.
This book is great for beginner investors in tax liens, it does not have
information about tax deed investing, but it does have detailed information
for 4 of the more popular tax lien states, and one redeemable deed state,
plus general information for the other tax lien states. It also discusses
investing online and purchasing leftover liens.
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