Tax Lien Wealth Builders
Noblesville, IN · Member since 2015 · 21 posts · 4 votes
Tax Lien Wealth Builders
Most Popular Reply
Member since 2022 · 2 posts · 23 votes
4yHi. I attended the Tax Lien Wealth Builders workshop in Atlanta a few weeks ago. The workshop was very informative and will give you a good foundation to invest in tax liens. For about $300, you'll attend a 3-day workshop and they provide you with all the information you need, including a website that consolidates the various state and county processes into one place. Yes, the information is available for free if you look hard enough but this was very helpful. I've invested in about 40 tax liens since the training. Where it gets dicey is the upsell. During the session, they will ask you for financial information (nothing sensitive) under the guise of seeing what type of loan you are capable of getting. They are really trying to gauge your ability to pay for their training products. You'll be asked to step out in the hall during the general sessions for individual strategy sessions but they are more like sales sessions. If they see you have disposable income, they will come at you hard to invest more money into their training and software programs. I wasn't too keen on spending $35K on a program that I can't even try out but to each its own. I can advise that I'm satisfied with my $300 training. I can see the use of software and individual coaching. Their sales tactics just turned me off.
52 Replies
- 5yJohn UnderwoodPro MemberInvestor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
Don't pay for information that is readily available for free on this forum.
- 5yJohn UnderwoodPro MemberInvestor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
I just googled this and found a 3 year old thread on BP that talked about people losing money and their bad experiences. Google " tax lien wealth builder reviews".
- Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes5y
@Elena Dubinski This might sound silly but I am serious. Just the name alone sounds slimy.
To buy in enough volume to support working with investors, you have to bid top dollar to get enough liens. The high volume guys are working on very slim margins. If you invest with them that means there has to be enough profit for both you and the group you are investing with. That is very hard to do with slim margins.
Especially now the competition is higher than I have seen it in my 15 years of investing is tax liens.
- Noblesville, IN · Member since 2015 · 21 posts · 4 votes5y
@Ned Carey
Thank you for your feedback!
Elena
- Noblesville, IN · Member since 2015 · 21 posts · 4 votes5y
@John Underwood
John,
Thank you.
I did Google..... for some reason my search did not bring up the info you are referring to. :-(
You are right! There is a lot of info available for free.... it just the search for that security when someone is holding your hand and taking you step-by- step makes it sound very appealing!
Elena
- 5yJohn UnderwoodPro MemberInvestor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
Just ask this group any questions you have after you've done some reading.
- Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes5y
@Elena Dubinski once I knew about tax liens and had a very basic understanding I took an attorney to breakfast and he cleared up most of my concerns about risks. I started small and grew it over time.
As @John Underwood there has been a lot written here about tax liens. All states are a little different. There are some very detailed threads here about specific states. You can follow this forum or set up a "keyword alert" for tax liens. That is how I found this thread.
Often the county information about the sale will answer a lot of questions.
- Investor · Tacoma, WA · Member since 2015 · 10 posts · 4 votes5y
Elena,
I am also looking into joining this company and yes there is a lot of information out there so you can do it yourself but what I'm running into is for me I need someone to personally help with all the steps and the software to cut down the time. Yes tax liens are by county and each state has tons of counties, then each property has to be researched and looked at by Google and it takes time. If you are scared in any way about putting money down in any type of investing like purchasing tax liens when your not sure what your doing, you will freeze. That's were I'm at, scared, working for someone else, no retirement and knowing a lot of information but spinning my wheels. No one helps for free.
Tax Lien Wealth Builders are different then Tax Lien Wealth Solutions
- Member since 2021 · 3 posts · 8 votes5y
@Dodie Egolf did you invest with them? Would you please share your experience?
- Member since 2022 · 2 posts · 23 votes4y
Hi. I attended the Tax Lien Wealth Builders workshop in Atlanta a few weeks ago. The workshop was very informative and will give you a good foundation to invest in tax liens. For about $300, you'll attend a 3-day workshop and they provide you with all the information you need, including a website that consolidates the various state and county processes into one place. Yes, the information is available for free if you look hard enough but this was very helpful. I've invested in about 40 tax liens since the training. Where it gets dicey is the upsell. During the session, they will ask you for financial information (nothing sensitive) under the guise of seeing what type of loan you are capable of getting. They are really trying to gauge your ability to pay for their training products. You'll be asked to step out in the hall during the general sessions for individual strategy sessions but they are more like sales sessions. If they see you have disposable income, they will come at you hard to invest more money into their training and software programs. I wasn't too keen on spending $35K on a program that I can't even try out but to each its own. I can advise that I'm satisfied with my $300 training. I can see the use of software and individual coaching. Their sales tactics just turned me off.
- New to Real Estate · CA · Member since 2022 · 16 posts · 19 votes4y
Quote from @Elena Dubinski:
Does anyone had an experience investing in tax liens with the Tax Lien Wealth Builders?
Pros and Cons?
Thank you,
Elena
For us it was pretty much as scam.. On the first "Free" introductory meeting you get some valuable info about how the process goes. But the presenter misleads you and try to make it as simple process. In his presentation he indicated that buying liens or deeds was as simple as going to their website and just clicking on the property and buy the lien getting a guaranteed 18%- 25% interest return or a property if taxes we not paid. Just like in amazon.!!! We felt for it and paid the $300 for the full seminar where you will learn how to analyze the property and make sure you were not buying a lien for a sidewalk. Liens/Deeds on big cities fly away in seconds, you will be run over by big investors. You are limited to small counties or less popular cities on the middle of nowhere.
I went home and started reading about tax lien investment and found out that EVERY state puts up their liens and deeds for auctions FIRST, and investors must bid either to pay more for reduce the % of interest. ONLY after the bids are done the UNSOLD liens/deeds go for direct sale and guaranteed max % return. As you can imagine the unsold debt are pretty much the left overs, bad deals, garbage, sidewalks, 1x1 lots...
Anyways we had paid for it and attended to the 3 day seminar. The first day of the seminar was motivational speaking, telling ppl how to become rich with this deal (still not mentioning anything about buying left overs or OTC deeds) Every presenter gave same little speech, of course they all said "You don't need money" and keep pushing their lender, which is pretty much themselves with a different name asking for 3% interest a month... A few hours after starting our seminar they started pushing "Advanced training sessions" trying to squeeze more money. End of day one was all BS.... We asked for a refund, as they had offered "Guaranteed Satisfaction and Refunds" if asked for it on the first day. We put on their face that nothing was said at the training, that the first presentation was misleading and they lied to us. We never got our money back, had to file a claim with CC company.
This people take advantage on others illusion of making money, and it is pretty sad. We could see trough the beginning there was something off. keep showing examples of how someone got a whole house for $100 back taxes. Not mentioning that although it is possible not everybody forfeits their properties, most people pay their taxes. And chances are even smaller where you are scrapping from the leftover garbage to find a good deal.
Stay away, there is plenty of free material and books online that lays out the process which is simple but needs dedication. Call the counties were u want to buy. You don't need an special training to buy them. - Investor · TX · Member since 2022 · 6 posts · 14 votes4y
Hi - I just signed up to BP and also just attended a 3 day event for Tax liens Wealth Builders held July 29-31st in Dallas, TX. I and hubs are new to investing so still trying to do our due diligence to know which area of RE we want to move in but I knew for sure tax liens/deeds were one thing I wanted to invest in. So when I saw their first meeting I was like hey lets go. So we did. All that was said was very impressive and inviting so we signed up for the 3 day with no hesitation. Again there was a lot of info given at the 3 day and I did like the idea of being able to utilize their platform for a year for free (Well of course the event cost $300) but I somehow felt we would need more "education", mentoring and help. So as we waited to know the cost which we already knew there would be when he (Jay) said $34k we already knew we were not doing that. As stated they took us out in the hall for "strategy" sessions that were geared towards finding out where we were financially. The girl I believe her name was Victoria with Lighthouse - was not very friendly at all. She was somewhat cold towards everyone be it they qualified for financing or not. Our strategist Owen while nice you could tell he was not truly there for "you" but to get you to buy in. Well no one twisted me and hubs arm but we did sign up for the $10.5k level they had. Which would still give you access to the two sites Jay showed Property Edge Pro (a lot like Propstream) and MarketPlace Pro (for investors to keep track of their tax liens/deeds). We were high on adrenaline from the event but after we got home and the smoke cleared we realized that we didn't really need what they had. So we decided to cancel, had 3 business days to do so. We paid Sunday (July 31st) and so I sent my request yesterday (Aug 3rd) to cancel and in about an hour got a response back saying someone would call us shortly. We never got that call. And today I sent an email asking when someone would be calling us early this morning and still no response yet. I have since called and left a voicemail and so right now we are just waiting for a refund so let's see how this all goes. I am not saying they are dodging us or that they are a bad company but truly you don't need them for tax liens/deeds. They do offer weekly classes and etc but I feel that the way it's set up it's designed for you to do more schooling then actual bidding. Again after coming back down I feel hubs and I can take what we learned at the 3 day and apply it. So hopefully the will just do right and refund our money and we can all move on. I will update on how the refund goes.
- 4yJohn UnderwoodPro MemberInvestor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
Everything you need to know can be found here on BP.
- Member since 2022 · 2 posts · 23 votes4y
I got introduced to Tax Liens through this company but beware, their goal is to get you to sign up for their training programs which can be up to $35,000. I went to their three day seminar which was about $200. I got what I needed to get started and purchase tax liens. Even with this, you can really find this information for free it helped.
- Member since 2021 · 3 posts · 8 votes4y
DO NOT GIVE “TAX LIEN WEALTH BUILDERS” ANY MONEY…yours, your friends’ frenemies’ or enemies’!! That is my suggestion. I attended the 3-day workshop online, at no cost. The workshop provided the same info that you guys say you received at the in-person one. I paid my deposit and set up a payment plan for a smaller “program.” I missed 3 payments due to personal issues that popped up. My acct was sent to a collection agency; they told me I had to contact tlwb to resume my “program.” I tried to contact tlwb to resume payments and reactivate my acct. I called every phone number they had provided to me when I was giving my financial info, making payments, and “training.” I even looked up every number I could find connected to tlwb and the associated name(s). Of all the phone numbers, I only remember being able to leave a voicemail on one. Calls were not answered. I don’t mean speaking to the actual people that provided the numbers. I mean the other voicemails didn’t even pickup!! I called the collection agency to tell them I couldn’t get in touch with tlwb. The collection agency rep was extremely helpful!! We were on the phone for about 45 minutes….sharing what I was doing to contact tlwb, being on hold while she and a manager/supervisor/ solution finder tried to contact tlwb. The rep told me they would review/investigate my acct and call me. She called me a day or two later and told me they couldn’t get in touch with tlwb either. She gave me a phone number to call; I told her I had already found and called that number too. I contacted my bank, explained everything to the bank rep, and filed a request for reimbursement. Of course, they have to investigate too. I received a letter about a week later informing me that the charge would be reversed. About two days later, my nationally-recognized bank credited my checking acct with the significant amount of money I had given to tlwb. Fast-forward to July 2022, I found the actual company which allows tlwb access to their software. tlwb gives the impression that they developed the software 😒😒😒of course, I shared my experience with the software company’s rep and asked if there was any way for him to make his company aware of the sketchy company. I don’t know if he did; guess we’ll see what lawsuits show up 🤷🏽♀️🤔
- Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes4y
@LaShawnda Adegbile and @Lita Lefler thanks for sharing your experiences. It certainly sounds like they are a scam as i believe most tax sale training systems are. But even if they were legit, how much could you learn by investing $35 into tax liens themselves instead of paying them?
Even if you screwed up 1/2 half of the liens you bought you would still be way ahead of paying them. It takes a ton of money invested to make up for a $35k startup cost.
- 4yAlicia MarksPro MemberFort Worth, TX · Member since 2020 · 1k+ posts · 2k+ votes
Thank you for sharing first hand accounts! We want people to have confidence in the materials they want to utilize. Our forums are a great place to ask as well. @Ned Carey and many others are highly experienced investors willing to give that information for free! I'd also say to attend local meetups and talk with people who are doing it themselves. Build those personal relationships!
- Member since 2022 · 1 post · 0 votes4y
I attended the seminar recently in Pasadena sep/16/2022
Of course the rep or speaker was very motivational and did make it seem to become rich in a click of a bottom.. what he aslo said is that people are scared to take chances like this because of lack of education... he mentioned this only Once, But thats all i needed... then he kept going on talking all about the Postive and easy steps and wealth and etc.. at the end i left without paying $300 to become a memeber or attend 3 day class... remember education ... so i went home and educated myself checked everything needed on line.. and there are more cons than pros.. and the big fish eats the small fish.. before buying any lien you have to attend an Auction... was i ready to face those auction people .. no is every lien a winning bid No..
am i getting the best lien no .. big investors wont let you do that.. but this semianr made $300 per person that night .. ause it made it seem its tonight or never.. well educate your self join an association attend auctions watch and learn and then jump strongly into this business.. and good luck.. bottom line dont buy anything at any seminar you attend .. its all BS
- Member since 2022 · 7 posts · 6 votes3y
10/23/22 I returned home from a 3 day seminar in Burlingame CA at a Marriot hotel and it was a waste of time because they talked about everything but didn’t teach us how to navigate the tax lien process. Btw they didn’t pass the smell test and many elderly people were scammed into buying their 35,000 dollar Platinum training level. All the skeptics gathered outside of the hotel to express our relief that we didn’t fall for their BS. At least 25 to 30 people signed up…you do the math. Look up real estate workshops (same company different name) and read about all the complaints 😎
- Member since 2022 · 7 posts · 6 votes3y
Quote from @Dodie Egolf:
Elena,
I am also looking into joining this company and yes there is a lot of information out there so you can do it yourself but what I'm running into is for me I need someone to personally help with all the steps and the software to cut down the time. Yes tax liens are by county and each state has tons of counties, then each property has to be researched and looked at by Google and it takes time. If you are scared in any way about putting money down in any type of investing like purchasing tax liens when your not sure what your doing, you will freeze. That's were I'm at, scared, working for someone else, no retirement and knowing a lot of information but spinning my wheels. No one helps for free.
Tax Lien Wealth Builders are different then Tax Lien Wealth Solutions
- Member since 2022 · 7 posts · 6 votes3y
Quote from @Miguel Rojas:
Quote from @Dodie Egolf:
Elena,
I am also looking into joining this company and yes there is a lot of information out there so you can do it yourself but what I'm running into is for me I need someone to personally help with all the steps and the software to cut down the time. Yes tax liens are by county and each state has tons of counties, then each property has to be researched and looked at by Google and it takes time. If you are scared in any way about putting money down in any type of investing like purchasing tax liens when your not sure what your doing, you will freeze. That's were I'm at, scared, working for someone else, no retirement and knowing a lot of information but spinning my wheels. No one helps for free.
Tax Lien Wealth Builders are different then Tax Lien Wealth Solutions
I’m not sure but sounds like they are the folks from a company that went off the after they scammed a bunch of people. Look up REM reviews (real estate workshops)
- Member since 2022 · 7 posts · 6 votes3y
Quote from @Carl Manson Jr.:
Hi. I attended the Tax Lien Wealth Builders workshop in Atlanta a few weeks ago. The workshop was very informative and will give you a good foundation to invest in tax liens. For about $300, you'll attend a 3-day workshop and they provide you with all the information you need, including a website that consolidates the various state and county processes into one place. Yes, the information is available for free if you look hard enough but this was very helpful. I've invested in about 40 tax liens since the training. Where it gets dicey is the upsell. During the session, they will ask you for financial information (nothing sensitive) under the guise of seeing what type of loan you are capable of getting. They are really trying to gauge your ability to pay for their training products. You'll be asked to step out in the hall during the general sessions for individual strategy sessions but they are more like sales sessions. If they see you have disposable income, they will come at you hard to invest more money into their training and software programs. I wasn't too keen on spending $35K on a program that I can't even try out but to each its own. I can advise that I'm satisfied with my $300 training. I can see the use of software and individual coaching. Their sales tactics just turned me off.
I agree with everything you said and I feel terrible for all the elderly who signed up for their platinum training sessions 😎
- Member since 2022 · 1 post · 5 votes3y
Quote from @Miguel Rojas:
10/23/22 I returned home from a 3 day seminar in Burlingame CA at a Marriot hotel and it was a waste of time because they talked about everything but didn’t teach us how to navigate the tax lien process. Btw they didn’t pass the smell test and many elderly people were scammed into buying their 35,000 dollar Platinum training level. All the skeptics gathered outside of the hotel to express our relief that we didn’t fall for their BS. At least 25 to 30 people signed up…you do the math. Look up real estate workshops (same company different name) and read about all the complaints 😎
😅 I’m one of the ones that bought it because I wasn’t sure if I really wanted that much hand holding, if I’d make a $35k mistake in the process and MAYBE they could help me and MAYBE I didn’t want to pass up on the opportunity. I was ok with the decision but clearly was on the fence. Well it’s now the last day to cancel and I emailed my notice of cancellation this morning. Waiting to see the process of cancellation and hoping it’ll be as smooth as when they eagerly swiped my card 😀. Will report back on that process! Gotta say though, super glad I found this forum! - Member since 2022 · 2 posts · 2 votes3y
I went to the workshop and didn’t buy anything. A few days later I was contacted and told they wanted to consider me for client development. It’s also a very large investment in exchange for a customized mentorship. While chatting with their team is fascinating, there is an absence of online information available about the company, the team member told me neither him nor the director have LinkedIn accounts and no alternative was provided to review their achievements or qualifications. I was told if I want credibility they have testimonials. Testimonials are a huge red flag to me as they are difficult to verify and could be paid actors etc. The promise of wealth wasn't exaggerated and they seem knowledgeable, however I don’t make investments based on a dream and a promise. I haven’t signed any deals but wanted to reach out the community and see if anyone else has any experiences to share about their client development team? Has anyone on this forum actually purchased any of their products and continued to work with them?
- Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes3y
@Jaala Goodman-Robinson
I can pretty much guarantee there is no program worth $35k for tax liens. I can go get a masters in real estate and learn from 10 hedge fund managers for that price.
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