Customer Reviews:
  Good base information, but... January 10, 2004
10 out of 12 found this review helpful
I think it could go just a bit deeper in depth on how to get started as a rank beginner. Some of us are very new to investing on our own. It seems a bit intimidating at times. Maybe a little more "hand-holding" and explain in VERY simple to understand terms. Overall, I really enjoyed the read. I've loaned it to my brother and we hope to start investing together soon. I highly recommend the book.
 Ignore the negative and uninformed bashers of tax liens September 4, 2003
112 out of 113 found this review helpful
The 16% Solution is an excellent book to help you get started investing in a very powerful and safe investment.True it was written back in the 90's, but things really haven't changed all that much. And yes it is true that institutions are in on tax liens, but the real truth is that these were and are and always have been the primary players. I suspect the negative reviews are from banks and other institutions who do not want you to know about these outstanding investments. The rate of return is not cut in stone. While you are not guaranteed 16%, in some states and in many cases you can earn 50%...even today. I invest in tax liens and especially over the last three years, have far outperformed the stock market and other forms of investment. I have also picked up houses for pennies on the dollar via tax liens. Remember, a tax lien is superior to all other liens, even IRS liens. As I said, I invest in tax liens and the USA is a huge market place. I don't feel that letting you know what a great investment tax liens are is going to hurt my business. And no, I do not have any courses or books to sell. Nor am I in any way associated with this author or any other author or seminar promoter. I just believe in these investments based on my own experience and hate to see potential investors scared away from a very powerful and lucrative investment because of one malcontent who is only trying to push a dead website which does have books and seminars to sell. I guess I am old fashioned that way. The 16% Solution is an outstanding book and I highly recommend it.
 Good foundation in Tax Liens, but get updated info. August 3, 2003
132 out of 138 found this review helpful
This book was the bible in tax lien certificates when it came out in 1994. Since then, however, everything has changed. The investor mix is different. There are a lot more institutional investors playing this game (banks, insurance companies, pension funds). As a result, this market has become more efficient. Your will most probably not earn 16% return anymore. Also, the variety and complexity of auction methods have greatly increased. The process has become more difficult for small retail investors to participate in. The book still provides an excellent foundation in this rather esoteric investment. For a great and quick update on this book, read the BusinessWeek article: "Easy Money It's Not" in the issue dated August 11, 2003, on page 98. You can find it at businessweek.com. This short three page article gives you all the updated knowledge you need to be current. As you will see, it really is not easy money. But, with much effort and due dilligence, you can actually still earn above market interest rates. Realistically, you will have to hire an agent to deal in this market. This will cut into your return, but allow you to participate in this complex marketplace.
Tax liens - lucrative and fun June 2, 2003
107 out of 109 found this review helpful
Although there is no investment that is completely safe, tax liens come as close as possible. Why? Because your profits are is guaranteed by the US government and secured by real estate.Tax liens used to be a secret known only by insiders and savvy investors. The word is getting out. Books like the 16% Solution are getting the word out and a lot of investors are not too happy with that. You can earn from 5% in states like Louisiana to 50% in states like Michigan. Caution: Don't buy into the false hopes perpetrated on late night tv and try to use Tax Liens as a get rich quick scheme. Like any other investment, it's a process and you have to know what you are doing. 16% Solution is a good start. It used to be that you had to buy tax liens only through auctions. Now you can buy tax liens through the mail and even on the internet. I recommend the 16% Solution as a excellent book to help you get started in investing in tax liens.
Some pretty bored (and misinformed) people here. May 30, 2003
106 out of 108 found this review helpful
I find it fascinating at the number of ridiculous reviews with absolutely inaccurate information of the tax lien process posted here.Beware of people trying to cheat you of the powerful returns offered by tax liens. Read the book and do some research yourself. Start with your local courthouse. DON'T run an ad asking for help from other TLC investors, like the 1 star bashers, they prefer you think this investment doesn't exist or isn't profitable. They definitely DON'T want competition. TLC's are among the safest, most powerful investments around. Start with this book and invest for profit.
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