You are sitting in a real estate investment training seminar when the presenter starts talking about tax liens. As you listen, you start to see the benefits of investing in tax liens and think to yourself, “low risk, potentially great returns, what’s not to love?” The presenter then shows you a fabulous tax lien kit, that not only will give you the training you need to get started with tax liens, but will additionally allow you to keep informed and potentially purchase tax liens directly from this organization. While all this sounds amazing, a tiny voice in the back of your mind speaks up, “This seems like it could be too good to be true… maybe you should check it out to make sure it isn’t some kind of scam/money pit…”
To begin our scam analysis, lets first discuss the elements of a scam and then tie it all back together with Tax Lien Tutor.
A scam (pulled right off dictionary.com) is a “confidence game or other fraudulent scheme, especially for making a quick profit; swindle.” Often scam artists will make an offer that is too good to be true, one that is so good you’d be a “fool” to pass it up. They will offer crazy deals with promises of getting rich quick, with little or no work!
So let’s tie that back to Tax Lien Tutor. What do they offer (I’m pulling this right off their website): “...Access to our Tax Lien Lists, Calendar of Auction Dates & Locations, and Thorough Training…”
Let’s list it out for easier review, they offer:
- Access to their tax lien lists
- Calendar of Auction Dates and Locations
- Thorough Training
In that list of offerings, do you see any mention of getting rich quick? No work on your part? An exclusive offer too good to be true? No!
Let’s dissect it even further, lets talk about the product they are promoting, tax liens. What are tax liens exactly? Are they too good to be true?
When a government body collects property taxes, sometimes people just don’t pay them. This puts the officiating body (usually counties) in a bind because they need property tax money to pay their bills. (Keeping parks, schools, or recreation centers in operation for example.) So in order to raise capital, these government entities will sell the rights to collect these taxes from the debtors to investors at either an immediate discount and/or combine the discount with an interest rate equating a higher profit for the investor.
Tax liens seem pretty simple right? Nothing shady? Something you can purchase from the government and make money in return. Super simple. It’s a similar concept to buying bonds, but often for a higher ROI.
If you were to go it alone on becoming a serious tax lien investor, you would have to put in countless hours researching different tax lien auctions and sales, you’d have to fly out to attend them, and put in a lot of work just to get started. You would probably wish that someone would come out with a product to consolidate all the information and know how into one convenient place. The great news, is that you are already in the know, Tax Lien Tutor has done exactly that. They regularly gather information about upcoming tax lien sales and make it accessible complete with the “thorough training” you need, all in one place.
Sound scammy? I don’t think so either. If fact, it’s really smart. It is what ebay did with classifieds and auctions, or Amazon did with the online marketplace.
Now, lets talk about the main man himself, the face of Tax Lien Tutor, Mr Sean Keegan Walker himself.
Watch this video so you can see who I am talking about.
Although this guy may seem like Mr. Charisma on video, he is actually as cool as a cucumber in real life. A real down to earth family guy that is as calm as a warm summer morning. I was able to sit down with Mr. Walker (not to be confused with Mr. Walker the Texas Ranger) as I investigated for this blog and from our conversation I could tell that he truly believes in his product and wants his clients to have the best experience possible.
If you really want to get a hold of Sean Keegan Walker, he’s actually pretty accessable. Just contact him at (877) 484-8012.
All in all, it is pretty easy to see that Tax Lien Tutor is not a scam. Unless you are looking for a get rich quick scheme, then you might feel a little cheated.