EP 131: Unveiling the Secrets of Tax Lien Investing with Cynthia Spirlin
Manage episode 408783175 series 2998280
Curious about how tax lien investing can pave the way to financial freedom while minimizing risks?
Cynthia Spirlin, hailing from sunny Southern California, shares her journey from early exposure to real estate to her transition into tax lien investing. With a background in law and a passion for creative real estate, Cynthia found her niche in tax lien investing after seeking safer investment avenues post-market crash. She breaks down the concept of tax lien sales and purchases, elucidating the benefits and potential returns for investors.
Cynthia explores various aspects of tax lien investing, including the differences between tax lien and tax deed sales, the role of tax lien mastermind groups, leveraging tax-deferred exchanges like the 1031 exchange, and strategies for maximizing returns while deferring capital gains taxes and the potential for remote investing. She shares success stories and strategies, illustrating how tax lien investments can lead to substantial profits and wealth accumulation.
Key Takeaways:
05:19-07:22 - What a tax lien is and how can investors purchase them in different states like Arizona and Texas
09:49-10:35 - How Cynthia started Tax Lien Mastermind 6 years ago and the support it provides
10:35-12:57 - $90k profit example of a tax lien deal Cynthia facilitate
18:24-21:16 - Using 1031 exchanges to defer capital gains taxes on investment properties
15:08-15:1 - Websites to find tax lien sales online: realauction.com and parcelfair.com
24:48-25:15 - Connect with Cynthia Spurlin through her websites and Facebook groups to learn more
Explore tax lien investment opportunities on RealAuction.com and ParcelFair.com
DISCLAIMER FOR SOUTH CAROLINA RESIDENTS:
While tax lien investing can provide great opportunities for passive income and real estate ownership, the laws regarding tax liens and tax deeds work differently in South Carolina compared to other states discussed in this podcast. In South Carolina, properties are not actually sold for unpaid taxes - rather, a tax lien is placed on the property which the owner can redeem within a certain period. If not redeemed, the lienholder is issued a tax deed title to the property. It is important to understand your state's unique process before investing in tax liens.
For South Carolina-specific guidance, consult with a local real estate professional.
Connect with Cynthia@:
Website: https://www.cynthiaspirlin.com/
Facebook: https://www.facebook.com/MagnetizeYourIdealClients
Connect with Corwyn@:
Contact Number: 843-619-3005
Email: corwyn@corwynmelette.com
Instagram: https://www.instagram.com/exitstrategiesradioshow/
Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
Linkedin: https://www.linkedin.com/in/cmelette/
Shoutout to our Sponsor: ROBYN COLLINS
Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.
Exit Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call me today ROBYN COLLINS with REDROBYN HOMES at 843-557-5003. Again that's 843-557-5003 or visit at RedRobynhomes.com/join.exit and make your Exit today.
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