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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19380  
Subject: Re: tax lien certificates Date: 4/4/2000 8:03 PM
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<< Has anyone invested in or know much about Tax Lien Certificates? There are companies that offer them as 'government-backed' investments returning 12% per annum. Most of what's on the Web are sites offering to sell books on this topic and there are some pretty wild claims of 18% - 40% returns. >>

This sounds like it might be more appropriate over on the Financial Scams board. "Government backed" could mean just about anything, but it looks to me like they're trying to imply "government guaranteed" without saying it, and there's no such thing as a guaranteed 12% return on something guaranteed by any government that would be able to keep the guarantee.

Money can be made buying real estate for delinquent taxes, but you have to know what you're doing, and you're not going to pick it up from buying some huckster's book.

Always remember how smart your mother was: "If it sounds too good to be true, it is."

TMF ExRO
Phil Marti
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