Bankrupt to Wealthy
How to Go From Bankrupt to Wealthy
All you ever hear in the news anymore is people losing their jobs, houses, and going into foreclosure so you are not alone. Most people going through these unfortunate situations will never regain there prior financial positions. There are very few whom not only regain their prior financial position but are able to become wealthy. Half of becoming successful is attitude which you have full control over.
The other half is the information your about to read. Use these tips well and you will never have financial problems again. The way back to financial success is tax liens. Many tax liens cost less than $1,000 and many are a few $100. The concept is very simple, a homeowner falls behind on his property taxes and a lien is placed on his home. The property owner is then given a limited period of time to pay them off. If the taxes are still not paid an investor has the right to buy it.
There are several outcomes that can come from investing in these liens. The homeowner will pay you all the money in full plus interest or you get the home if the property owner defaults. So you will be guaranteed to get all your money back or could end up with a home worth several $100,000 from a small $1,000 investment. You don’t need any form of credit, only a small amount of money to parlay your money into wealth. If you keep reinvesting your money back into more liens you can become rich.