Tax Lien Investing

My wife and I are buying a house. My parents in law want to invest in this house too, so are putting 0k into it (cash). We will get the balance via a mortgage and will live in the house paying all living expenses. Parents in law are doing this purely as an investment, meaning that when we sell in a few years they want to extract their profit relative to how much of the property they own.

We want to make sure we can take advantage of mortgage interest tax deductions, homestead exemption etc. They want to make sure they don’t have to pay tax on any profit they make.

How do we do this? Do they ‘gift’ us the money, then after we close do a Quitclaim deed? if we do that, when we sell the house can we split the proceeds any way we want?

Or do we do this as an ‘on-demand’ loan from them?
Or do we do this as a joint investment and close together?

It seems more complicated than it needs to be.

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How can I buy a cheap piece of land to get started in investing? I would like to start investing in property. I don’t have alot of money. What are the name of some taxsales, foreclosure sales, landsales or what is the name of the place in Illinois that I can go to to see properties that have tax liens on them? Is it the Cook County Treasurers Office? Can anyone or even some investors teach me the ropes or give me info on how to get started? Thank-you in advance for you guys help.

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Benefits of Investing in Tax Lien Certificates
Is this TRUE??
You get paid Interest while holding the Tax Lien Certificate, usually in the area of 16-18%.
You have the real estate as security for your investment in Tax Lien Certificates, which are also backed by the government.
If the property owner fails to pay within the redemption period, you can foreclose on the property and be issued a deed. ( meaning FREE AND CLEAR ownership of the property?

question to experienced tax lien investors, have you ever owned a property buying a tax lien in CA, or any other state? if so, how, and how long did it take you>> experience, explanation.

Please

thank you..

i dont want to go into an auction Tax Lien, investing my $$money and loosing at the end. so I need to ask the questions to real ppl like you,

thanks.

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After winning the tax lien auction and paying the promised amount + misc fees, what other financial obligation does property Tax lien investors have during the 1 year redemption period if there is an outstanding mortgage on the property?

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•We are attempting to build a central location for all the information tax lien/deed investors need to easily and successfully produce a good return on equity. It currently included all the information for attending auctions, but we are also working on an online supermarket for investors to purchase liens/deeds "over the counter" directly from counties and/or other members. We would like to learn from other investors how to make our site better for you. Please visit http://tax-lien-database.com/ and let us know. Thanks!

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