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There are still some safe, high-yield, income-producing assets out there… and they’re hiding in plain view.
Take tax liens. They’re a godsend for those looking to supplement paltry Social Security checks… or others just wanting to bank safe yields—sometimes 16% or more.
Mark details them in the latest Creating Wealth:
Tax liens are basically loans to individuals that had failed to pay their property taxes. In return for paying those back taxes off, they got paid interest plus—depending on the state—penalties.
What happens is this: A homeowner, for whatever reason, fails to pay his property taxes. The taxing authority (the state or county) then puts a lien on his property.
Imagine a lien as one of those wheel locks they put on cars belonging to drivers behind on parking tickets. The car owner gets to keep his car, technically. But if he wants to drive it, he has to pay off his fines plus any late penalties to remove the lock.
Folks, I’ve read almost every Creating Wealth issue. This may be the most valuable, actionable advice Mark’s ever shared in his newsletter. Don’t miss it.
Remember, all paid PBRG subscribers receive Creating Wealth—a $199-per-year subscription—100% free. Click here to access the May issue.