Ted Thomas
Ted Thomas Lesson 8: Avoid Risk & Reap Rewards 1: What can be done with property obtained through a tax deed or lien sale? A. It can be rented B. It can be sold C. It can be leased with an option to buy D. All of the above
Ted Thomas is America’s Tax Lien Certificate and Tax Deed Authority and Coach
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2: Who can finance property you sold after buying it at a tax deed sale? A. New property buyer B. You the seller C. A bank D. All of the above 3: What is required at most tax lien or deed sales to buy at the auction? A. Proper identification B. Proof of legal US residency C. Sufficient funds as defined by the auction rules D. All of the above E. A and C 4: What profit centers are there with tax deeds? A. Wholesaling to investors or rehabbers B. Retailing to a homeowner C. Financing a buyer D. Selling options to prospective buyers E. All of the above 5: Where can money to buy tax liens come from? A. An Individual Retirement Account (IRA, Roth IRA, 401-K, etc.) B. Personal savings C. Profit from previous lien and deed sales D. All of the above Ted Thomas is America’s Tax Lien Certificate and Tax Deed Authority and Coach
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Lesson 8: Avoid Risk & Reap Rewards
Answers To Lesson 8 Quiz: 1: What can be done with property obtained through a tax deed or lien sale? Answer: D, before obtaining a property you should have a plan to sell, rent or occupy the property. The property is yours to use in any manner once you have legal possession after a sale. 2: Who can finance property you sold after buying it at a tax deed sale? Answer: D, just as any property purchased on the retail market, tax deed property can be financed in any legal manner. 3: What is required at most tax lien or deed sales to buy at the auction? Answer: E, anyone even foreign citizens living outside the country can buy in most jurisdictions as long as they follow the rules, which typically include providing proper ID and proof of sufficient funds as required by local suction rules. 4: What profit centers are there with tax deeds? Answer: E, don’t limit your options to make money in this business. 5: Where can money to buy tax liens come from? Answer: D, tax liens and deeds are low risk investments if properly researched and can be purchased within an IRA
Ted Thomas is America’s Tax Lien Certificate and Tax Deed Authority and Coach
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Ted Thomas is America’s Tax Lien Certificate and Tax Deed Authority and Coach
Page 1
2: Who can finance property you sold after buying it at a tax deed sale? A. New property buyer B. You the seller C. A bank D. All of the above 3: What is required at most tax lien or deed sales to buy at the auction? A. Proper identification B. Proof of legal US residency C. Sufficient funds as defined by the auction rules D. All of the above E. A and C 4: What profit centers are there with tax deeds? A. Wholesaling to investors or rehabbers B. Retailing to a homeowner C. Financing a buyer D. Selling options to prospective buyers E. All of the above 5: Where can money to buy tax liens come from? A. An Individual Retirement Account (IRA, Roth IRA, 401-K, etc.) B. Personal savings C. Profit from previous lien and deed sales D. All of the above Ted Thomas is America’s Tax Lien Certificate and Tax Deed Authority and Coach
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Lesson 8: Avoid Risk & Reap Rewards
Answers To Lesson 8 Quiz: 1: What can be done with property obtained through a tax deed or lien sale? Answer: D, before obtaining a property you should have a plan to sell, rent or occupy the property. The property is yours to use in any manner once you have legal possession after a sale. 2: Who can finance property you sold after buying it at a tax deed sale? Answer: D, just as any property purchased on the retail market, tax deed property can be financed in any legal manner. 3: What is required at most tax lien or deed sales to buy at the auction? Answer: E, anyone even foreign citizens living outside the country can buy in most jurisdictions as long as they follow the rules, which typically include providing proper ID and proof of sufficient funds as required by local suction rules. 4: What profit centers are there with tax deeds? Answer: E, don’t limit your options to make money in this business. 5: Where can money to buy tax liens come from? Answer: D, tax liens and deeds are low risk investments if properly researched and can be purchased within an IRA
Ted Thomas is America’s Tax Lien Certificate and Tax Deed Authority and Coach
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