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Is Wealth Without Risk by Saen Higgns a Scam I Should Investigate?

FYI: I was contacted by the attorneys for Saen Higgins and Wealth Without Risk. They felt this article gives the impression this site has a business relationship with Saen Higgins. Let me state clearly for the record, in case anyone was the least bit confused by this article, GetOutOfDebt.org is in no way associated with Saen Higgins, Wealth Without Rick, LLC, WWR Marketing, LLC, or Wealth Systems, LLC.

I was just watching an informercial by Saen Higgns about his book Wealth Without Risk. The pitch is that by investing in tax certificates people can make a lot of money. What caught my ear were a number of buzz terms like “guaranteed profits” and “wealth without risk” that seemed more focused on selling books than producing results.

Then I visited his website and I found more buzz terms that I’ve seen with many other offers. Things like:

“I’m offering you…the opportunity of a lifetime…”

“I have achieved financial freedom, with homes around the world and a passport displaying travels to some of the globe’s most exotic locations.”

“Let me show you how to make money – risk free – that’s guaranteed by law!”

“Take the Right Step in the Road – it could be your shortcut to riches!”

“Don’t stand on the sidelines while others are making huge profits from tax lien properties. Get in the game and call.”

“Call as soon as possible. I’m leaving a spot open for you, but the calendar is filling quickly!” – Source

Is Wealth Without Risk by Saen Higgns a Scam I Should Investigate?

I suppose another issue that concerned me was another book I remembered with the same title. Wealth Without Risk was written by Charles Givens. But that approach did not end well for Givens.

Over his career, Givens was the target of dozens of lawsuits and two court cases for defrauding customers, one in California and one in Florida. The California fraud case found that he had mislead his customers by claiming that he had made his money using his financial strategies, rather than by selling his financial strategies, and he was ordered to refund $14.1 million to his customers. Givens settled the Florida fraud case. Givens was also sued for advocating dropping insurance to save money by a woman whose husband was killed by an uninsured driver. Givens settled the insurance suit in 1993.

“Givens lied about his past,” said John W. Jeffrey, an attorney for the plaintiffs. “The way he made his money was not by using the strategies he sold but rather by selling the strategies themselves.” A month after the verdict in California, Givens’ company filed for Chapter 11 bankruptcy protection. He lost control of the business in 1997. A judge approved a plan to repay creditors 25 cents on the dollar. To protect himself from creditors, Givens transferred most of his assets to limited partnerships, frustrating lawyers who tried to collect for their clients.

If you’ve had experience following the advice in this book, I’d like to hear from you. If you’ve attempted to return the book and you’ve had a problem getting your money back, I’d like to hear from you as well.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Donna

    My husband and I have done the Saen Higgins program for the past year and invested money in the training, invested money for the accounting and setting up the business. We bought $15,000 in tax lien certificates the past year. They have an equation to use so you should not lose money on the bid. You do earn more money than you would with a savings account, but the returns are slow and we had more expenses than earnings. I can’t see how anyone can earn as much money as they say you can if you don’t have the money to invest.

  • djbillylee

    I did purchase the start up program.
    All my links to his site are dead, also phone call to customer service yields no answer. I called a couple numbers. All with same result, no answer, and the answering machine says” today’s date is August 22, 2012″ So they have been out of the office for months as of today, which is Dec. 2012

  • Pamjchase

    To Alan Mohring, I also bought the book, bought into the protege program, went to the Seminar in Fl, where I met Sean.  I have not bought any TLC’s yet or deeds, I am waiting to save up some more money.  But when I have the money I am going full speed ahead.  I  applaud you for jumping in and buying all those liens…I have been to a couple auctions just to see how they work.  I was planning on bidding on a deed one time, but the owner came in at the last minute and paid up his taxes.  You just say, “oh well,” and prepare for the next one. I don’t believe this is a scam.  For the person who said they wanted to buy some liens and discovered that particular state didn’t have liens, Sean gives you the info of every state in the US, which ones have liens and which ones have deeds, copies of all the states laws, dates of the auctions and where to find them… etc… It’s just like anything else, YOU HAVE TO STUDY !!!!  Eventually i will get coaching… I agree with Alan that I doubt I could do it without help from someone who knows all the ins and outs… Seans videos have been a tremendous help and he tries to make it as simple as possible to everyone can understand it… What he doesn’t think of, his partner, Tony Martinez, does… I would love to speak to you, Alan, about the coaching, etc… would you please email me?  [email protected]  thanks…. good luck.

  • Cadmansdafm

    Saen Higgins charged my credit card with unauthorized charges

  • Eddie

    Before you read this post let me give you some background on myself. I have a law degree and have a strong background in financial markets.  I recently decided to diversify my investments and have been considering real estate to allocate about 10% of my portfolio to.

    I saw the tax lien add as well and decided to look into it. I bought the book but did not buy into the expensive coaching. The book essentially led me to doing my own extensive research on this and I have made a decent amount of money on tax liens. I have made all of my money on “guaranteed returns” (which are not really guaranteed) and I have not acquired any properties. For all of those who are considering doing this let me add that it is not as easy as the advertisement makes it seem, and definitely not something I recommend for the average person trying to make quick cash. 

    If I had more confidence in tax liens from the beginning I definitely would have made a lot more money by allocating more of portfolio to it but quite frankly, this type of investing is not as safe as the the advertisements make it seem and requires a lot more work than I think most people who are drawn to it expect.

    Bottom line: I will not continue to pursue tax liens and am switching to other real estate investments (mostly publically traded real estate investment trusts).

    • http://GetOutOfDebt.org Steve Rhode

      What was the liability that caused you to look elsewhere?

  • Hatchm25

    This program does work. Don’t pay for the coaching! Pay the money to get the info pack, read/listen to it, then do your research, go to your local tax office and start networking. You have to work and invest a little money to create your own business. When I say work, I mean really work. Where they make money is for all the idiots out there who can’t do their own research and can’t work for themselves.
    It’s not a scam, it’s a business and a very inexpensive way to get your foot in the door of this niche market. Now…start researching!

  • Sherryturner73

    I am  going to research this but have no plans on buying the book there are too many free forums and free info online as well as going to your County Assesor and getting lists mailed, online or picking them up, I would never invest wothout seeing the building.  I believe this can work for me, but not by getting this overpriced coaching or the book.  You can find properties so many are walking away from their homes they can’t pay the mortgage let alone the taxes. Will repost my results.  THANKS WON’T BUY THE BOOK ANYWAY!!! 

  • Lorraine_gomes2003

    I ordered Sean Higgins book today May 25th at 3:20 am and after reading you artical I called them back at 3:45 to cancle the order.  They said I cannot cancel it at the number i called them and gave me a different number to call i.e. 18185343232 between 6:00 am to 6:00 pm.  Hence, let see what happens.  Will keep you posted.

  • Melissa254u

    I say the best way to make money online is doing surveys the ones u dont have to pay to do .

  • Test

    I bought the program. They tried to up sell me at least a dozen times, I refused them all. The $29.95 package gives you very little to work with. Not much money, but I wouldn’t buy it again. The coaching guy called me today and set an appointment to call me back tonight. After reading everything I ‘m now concerned they may charge my card for something I havne’t agreed to. When they call I am going to tell them to cancel everything and no longer want to talk to anybody. I’ll also be watching my bank account . . . . 

  • Devdak0402

    I subscribed to this program and they keep whacking my credit card for 39.95 a month.I try to get a hold of someone but all I get is a machine,leave message,no reply.credit card company says they can’t stop it.

    • http://GetOutOfDebt.org Steve Rhode

      You might have to ask your credit card company for a new card and card number to stop it.

      • Fuckyou

        I don’t have to know about tax liens to know this is a scam all I need to know is marketing. This is not how reputable products are marketed. I don’t care what anyone else thinks or says. And I’d rather bet $300 that noone makes a dime off this rather than give this snake any of my money.

    • Pgesaman

       Definitely cancel the card and report fraud.  Things like this happen so too often. With the economy the way it is, its horrible that these people pray upon consumers the way they do. If you are looking into a ligitimate business and like network marketing, you can always check out my website.  pgesaman.whyambitworks.com and this business doesn’t take a rocket scientist and no books to read.  Best of luck to you and your future endeavors.

  • TerryMc

    I have not purchased Higgins’ program, but I have looked into others.  And I worked in real estate law (as a secretary/paralegal) for many years.  Tax liens can be lucrative.  However, they differ from state to state, and county to county.  Some have certificates, but in some places, you can buy the property at tax sale.  In Louisiana, you can buy a property at tax sale, however, the original owner has the right to REDEEM that property within three years of the sale.  WHen they REDEEM the property, they must repay you for your purchase WITH INTEREST (5% plus 1% per month for the time your money  has been tied up).   If they do not redeem within three years, then you may petition the court for full title to the property, and you can then do what you want with it.  But you  must wait the three years.   In Texas, the time is shorter, nd the interest is higher (initially 25%, and I think the second year is 25%).  It has been a while since I have looked at those laws.  In any event, if you are interested in looking into this type of thing, I suggest that you research the laws of the area you want to invest in regarding tax liens and tax sales, and make sure you are aware of the laws concerning  other liens such as mortgages and judgments, as that may change from place to place, and year to year.  KNOW you market before you invest!!!

  • CHILCAREFORKIDS

    IT IS WITHOUT A DOUBT A SCAM!!! THE ONLY WAY TO GET YOUR MONEY BACK OR KEEP THEM FROM TAKING MORE IS TO: CANCEL YOUR DEBIT OR CREDIT CARD / GO TO YOUR BANK AS WELL THEY MAY CREDIT IT BACK TO YOUR ACCOUNT THAT YOUR INSURED UP TO BY THE BANKING REGULATIONS FDIC.

    GOOD LUCK AND STAY AWAY FROM QUICK FIXES TO GET MONEY FAST!!!!!!!

  • Ken

    Just thought I would share, saw the commercial today for the first time, found this communication board and checked with my County website. If you live in the State of New Mexico, here is the official word….

    Website http://www.bernco.gov/property-sales-auctions-information-4265/ 

    then official word…. this is the entire wording on the above mentioned website….
    Property Sales/Auctions Information”The State of New Mexico, including all counties, does not conduct tax deed, tax certificate and tax lien sales. The only property sales conducted by the State are public auctions due to three year or more delinquent property taxes. The State Taxation & Revenue Department, Property Tax Division conducts all auctions in the County in which the properties are located. (Foreclosure sales are conducted by banks, mortgage companies and other private organizations.) The following web sites should answer all your questions concerning tax sale auctions in the State of New Mexico:State of New Mexico Taxation & Revenue Department Property Tax Division Delinquent Property Tax BureauState of New Mexico Taxation & Revenue Department Property Tax Division Delinquent Property Tax Bureau Home Page

  • Hfj

    I just bought the book n no time to read.. But got a phone call from the coach one of Saen employed. After that, I watch the DVD.. Sound to good to be true.. I am litle bit interested, but scared coz I don’t have much money to start.. Should or shouldn’t I ?? Confused..

  • http://GetOutOfDebt.org Steve Rhode

    I’d love to get your opinion on this. Recently I’ve come across more examples of homes with delinquent taxes because the homes are vacant, dilapidated, and in a limbo following homeowner departure. Some of these homes have been in the foreclosure process but the bank has never finalized the foreclosure, leaving the homeowner stuck with a home they no longer live in.

    What risks does one face in investing in tax liens of such houses where the underlying house is more of a risk and liability than an investment? 

    Is it possible that a purchased lien of a home can result in a noose around the investors neck?

    • http://profile.yahoo.com/EYIFA74ZL3DXNCDIOADKSTAEHQ christian

      I would hope that they could or would not think that because you hold first place title on the tax lien you would be responsible for the mortgage as well, hell! ;have to get back to you on that one!!!

      • http://GetOutOfDebt.org Steve Rhode

        While the tax lien may remove the mortgage, as you will read below, it does not remove the property owners responsibility to bring the property back up to code and care for the property as required by the local government. This is especially true for otherwise abandoned properties that require work to be done.

        Here is what I found on your question about the mortgage: “They receive notification of the taxes due, and can redeem the taxes to avoid foreclosure. If the property goes through tax foreclosure (i.e., to deed), you own the property. However, in some states there is a legal period following foreclosure during which the previous owner (or mortgage company, lien holder, etc.) can challenge the sale. Otherwise, tax foreclosure wipes out the mortgage and most other liens, except federal IRS liens and county or city assessments. In New Mexico, mortgage liens may not be extinguished. In Pennsylvania, mortgage liens are not extinguished on properties sold at the Upset Price Sale. Properties not sold at the Upset Price Sale are auctioned again, free and clear of liens (including the mortgage), at the Judicial Sale.”

  • Nickvanghele

    Tax liens are very Risky.  First of all, if they can’t afford to pay taxes, they can’t afford to pay the taxes to the county and interest to you.  In my county, Fairfield, CT, taxes are high. And the interest on the lien is 1.5 percent.  And they are hard to find.  If you buy a tax lien and end up with the property, you can not get title insurance for two years.  Therefore, you own an unsellable, dilapidated property that you have to pay taxes on.  That is called “Risk”.  ‘Wealth without risk’ is a lie. You don’t need to pay this guy for this info.  Go to your tax assessors office and ask them how to buy tax liens.  They would love to see you.  They would love for you to pay other people’s back taxes!  Hell, you can buy mine!

    • Sherwizz

      Thank you that is a great idea.

  • http://www.zipdebt.com Guest

    From Wikipedia: A shill, plant or stooge is a person who helps a
    person or organization without disclosing that he or she has a close
    relationship with that person or organization. Shill typically
    refers to someone who purposely gives onlookers the impression that he
    or she is an enthusiastic independent customer of a seller (or marketer
    of ideas) that he or she is secretly working for. The person or group
    that hires the shill is using crowd psychology
    to encourage other onlookers or audience members to purchase the goods
    or services (or accept the ideas being marketed). Shills are often
    employed by confidence artists.

    • http://www.AutoSystemTrader.com Alan Mohring

      O.k. if that’s the way you want to play, you can figure out this whole tax lien investing process yourself.  I don’t work for Saen Higgins.  I am trying to find people who aren’t convinced everything is a scam.

      You people who don’t want to invest in an education will always end up tearing others down.  That’s fine.

      I took a huge risk sharing my information with you.  If you think I work for the company and accuse me of being a shill, then I’m checking out.

      I will not post anything anymore.

      You can all wallow around in the mud complaining about how everyone is out to take your money.  What a disgrace you and your site is.

      Take all of my posts offline.  I don’t want to help anyone here with your attitude.

      • Steve

        Hi Alan, I’m Very Interested In TLCs and Saving my money to start as soon
        as I can! Would Like To network with positive people like you.This IS what
        made this Country Great, not the negative ney sayers! How do I get in
        touch with you??
        Steve

      • Iron Range Guy

        Hi Alan – No, not everything is a scam.  I took a few minutes and looked at the Broward County website and see that you did in fact purchase some certificates.  I looked at the 6 you showed in a screen print.  Did you actually take a look at the physical property on those most recent 6 you purchased
        this morning?  Ug.  Those 6 certificates are essentially 3
        properties correct?  2 of the parcels are basically the same property since the one
        would be land locked without the other.  Seriously, I don’t think you could give those properties away.  Land only in what appear to be total hell holes.  The other property looks like it is a messed up parcel that is literally on the beach, but not in any way buildable.  I also looked at the Blaine Ave. property.  Looks like the county indicates the home in uninhabitable and put a damage value in the same amount of the building value.  I’m not going to pretend I know much about this tax lien stuff.  I hope for your sake the owners redeem.  I don’t know why they would… I’d let the properties go back to the county even though it looks like they own them free and clear of mortgages.  Totally worthless properties.  Tax value doesn’t equal market value.  Luckily for you it seems that you don’t have to take ownership of the property or apply for a tax deed.  You could, but why would you on those piles.

        I can actually see this working out in many situations.  Not by investing in land only crap, but if you actually found a habitable home, yeah, this could work out.  If said habitable home is encumbered by a mortgage, they are  going to let you get a tax deed for a few grand unless they think the home is worthless.  They will pay the taxes.  I’d think the bank would escrow or track taxes and put the loan into default immediately, and they would likely pay the taxes and add it to the loan as a protective advance, but if they didn’t and Alan stepped in and bought the certificate, he could make some interest on the taxes.  18% on a couple grand is better than a CD, but you better sure as hell know about the property you are investing in, otherwise you are throwing good money after bad.  And to make any real money, you’d have to have some significant volume.  Again, if the property has value, you are not going to get it for a couple grand.  Not going to happen.  Maybe you could hit the mother lode if you found a bachelor with no family, he never went into the county nursing home (they’d take the home to pay for the extended stay), and had a property that was worth something.  Then, you could probably make some real money.  Same odds of that happening as me winning the power ball.

        Steve, I don’t think Alan isn’t making the Louisiana purchase here… or Seward’s folly.  Not sure what the hell you are talking about when you said this is what made this country great. 

      • Hollybear

        Alan, I would be interested in learning more of what you are saying as well.. I am interested in investing however, like most ppl out there these days, I have very little money and therefore want to be careful not to get screwed. How do I get in touch with you???

      • Itsmeyouknow77

        Hi Alan!! Glad to hear and see a positive student!!
        Don’t let these scum bags fool you. You and Saens team know what they deliver!!!

    • Rpm_479

      I agree, he’s a fake.

    • Rpm_479

      I agree, he’s a fake.

    • Max

      I appreciate your selfless attempt to wake people up to the SCAMS around them.  I couldn’t agree more with your post…..Mr. Mohring is without doubt a SHILL, as you put it; and hopefully won’t lead too many curious lookers astray.
      A term i prefer to use is:  A WOLF IN SHEEPS CLOTHING.

  • http://www.zipdebt.com Guest

    From Wikipedia: A shill, plant or stooge is a person who helps a
    person or organization without disclosing that he or she has a close
    relationship with that person or organization. Shill typically
    refers to someone who purposely gives onlookers the impression that he
    or she is an enthusiastic independent customer of a seller (or marketer
    of ideas) that he or she is secretly working for. The person or group
    that hires the shill is using crowd psychology
    to encourage other onlookers or audience members to purchase the goods
    or services (or accept the ideas being marketed). Shills are often
    employed by confidence artists.

  • http://www.AutoSystemTrader.com Alan Mohring

    Guys, if you want to find out if this is a scam or not, please understand that they will be calling to find out if you want to invest in a coaching program.  I personally would not invest in tax liens or deeds without working with someone who is familiar with how it is done. 

    If you cannot afford several thousand dollars for coaching, then you might just research what tax lien/deed investing is all about online.  There are many programs that might be cheaper.  I have bought several of them.  Most programs will have coaching as well.  I think it is safe to say that you get what you pay for.

    I just did a search online for a single county in Florida and found nearly 500 tax lien certificates in a single county that were available for less than $100.  If you don’t have the money, you might want to look for someone who is actively buying liens and ask if they can help you.

    This type of investing takes some study, research and analysis, and is likely the safest and highest returning investment that is available to non-accredited investors.  It is not that difficult once you understand the basics and working with a coach is really important to help you get started successfully.

    Here is a screenshot of two of the first liens that I purchased…

    http://screencast.com/t/XfLyhEp2

  • Ann

    Yes it is . I got the book, no one called for two weeks as stated a coach woukd call immediately. Read the book went online to pull up some liens for the state as he said would be there and there was none. Returned the book within 30days, got a return number to return the book. I have gotten the run around for three weeks about my refund money now today I’m told I did’nt return it in thirty days. It is all a scam

  • http://www.AutoSystemTrader.com Alan Mohring

    I just purchased 7 tax lien certificates in my 4th week of coaching.  This program is not for the people who want money for nothing.  It takes some work, hours of study and reading, but my coach has already shown me how easy it can be once you understand the basics.  He has shown me several websites where I can do my analysis and select the liens that meet my criteria then purchase them from the comfort of my own home without even having to go to an auction.

    Before you criticize a program, you should at least have some understanding of what is provided.  In one county in Florida where I bought my first liens, there were more than 9,000 available.  This is just in one county.  There are so many liens, that even the investors can’t pick them all up – nor should they.  You have to understand what makes a good investment.

    I suppose you could try to save yourself some money and buy a book and try to figure it out yourself, but my coach has already saved me several thousands of dollars from making a mistake that he was able to warn me about.

    I like the program.  I like the coaching.  I am documenting everything and I will share my results if anyone is interested.

    • Candi0327

      I am looking at the program and i like your in-put over anyone elses on this page. I  think  one has to be tenacious and do your do-diligence on this matter. Donu

    • Andyinternational

      I am interested in your documented results, as I have just been contacted by the “pre-qualifying” systematic, and rude might I add, Consultant at wwr. I am however, tempted to by into the coaching, although my $$ are limited but I am thinking no pain, no gain, and I want to step into this with the upmost serious intentions of buying TLC and TDP to supplement my income. I was a little stunned how “aggressive” their tone is…hm…

    • Andyinternational

      I am interested in your documented results, as I have just been contacted by the “pre-qualifying” systematic, and rude might I add, Consultant at wwr. I am however, tempted to by into the coaching, although my $$ are limited but I am thinking no pain, no gain, and I want to step into this with the upmost serious intentions of buying TLC and TDP to supplement my income. I was a little stunned how “aggressive” their tone is…hm…

      • http://www.AutoSystemTrader.com Alan Mohring

        Here is my first TLC purchase.  I think the coaching is expensive, but I wouldn’t be able to do this without working with someone who knows what they’re doing.

        I created a video, but it had personal information about the property owner’s on it and I didn’t want to share it to protect their identity.

        I am still waiting for my confirmation from the county.  I sent a personal check and they had to wait 10 days to make sure it cleared.  Next time, I will send a cashier’s check to speed the process up.

        I used GrantStreet.com which you can register for free, but they don’t update their files as frequently as Charlotte County so 6 of the 7 tax liens that I wanted to purchase were already held by a different bidder.

        I bought this TLC directly from the county (it wasn’t sold at auction) therefore I will receive either 18% if paid off or will be able to foreclose on the property if it is not redeemed.

      • http://www.AutoSystemTrader.com Alan Mohring

        Here’s 6 more TLC’s I’ve just purchased today…

      • Chho42

        See my reply under Jd

    • Vah235

      Yes, I want to hear of your successes and the bottom line costs - 

    • Cptgg
    • Jw

      Please share I just recently bought the book and watched the video and they have already been calling trying to pump me up with their qualification crap.. They really want me! I am sure  no one else has heard that! ha…I am interested but sceptical, would like some real life encouragement before spending my savings.

      • Chho42

        DO NOT – I REPEAT – DO NOT GIVE THEM ANY MONEY!
        I ordered the book as you did.  I got the calls.  Talk about a “used car salesman”, they wrote “the book”.  Like an idiot, I signed a contract. They kept lowering the contract amount and I signed it.  Two weeks after that, without my authorization, the 147.00 for the book was taken out of my bank account.  Since I didn’t cancel the contract within the 3 days, I cannot get my 1,050. back. I have called the FTC to report them.  EVERYONE WHO HAS HAD A PROBLEM WITH THEM, CALL THE FTC AND TELL THEM WHAT THEY DID TO YOU.

      • Pgesaman

         I just heard this infomercial. Do Not spend your savings on that stuff. I see your post was back in December, so I hope Im not too late;) If you are looking for a good business to look into, check out my website pgesaman.whyambitworks.com 
        There are no books to read, and no research you need to consume yourself with, and you do this at your own pace and you are actually helping others. Take a look at it and if you want more information don’t hesitate to contact me.

      • Max

        Also consider AMWAY…it’s exactly the same as this and has been around far longer.  No one in normal life is making any money with either of them…..Instead, run down to the pawn shop, buy a gold pan and snow shoes….hitch hike to Alaska and join the Gold diggers there on discovery channel….you’ll likely do much better with far less expense or speculation.
        I’m sorry to be a realist, but that’s the way it is.  I have made some smart investments in real estate over the past 20 years, I have also put in long hours, toiled when others were playing and I have lost money and made mistakes along the way.  What I have learned is that there is NO EASY way to make money… find someone local you know and trust, and ask to get involved in what they are doing.  I’d be happy to explain how I have done what I’ve done, but, I have nothing to sell.  Just the simple free life advice of a working man who made some decent investments and is finally seeing the fruits of my labors.
        Max

    • Paulmills069

      I am very interested in any information you are willing to share. Most info comes from people who don’t want to do anything but 9 to 5. Thanks

    • DRETJ38

      I WOULD LIKER TO SEE YOUR PROOF,THAT IT WORKS…IVE BEEN BURNED SO MANY TIME

    • Doclurch

       It is now June 2012..are you still with the program?  Did you buy into the Saen Higgins program?  I saw so many negative signs on my pension report that I figured I can do better than that even if I make a few mistakes along the way!

  • Alan Mohring

    Tax Lien and Deed investing is best learned with an experienced investor.  There are over 30,000 counties in the U.S. and each may have their own laws about how TLC’s or Deeds are sold.  I paid for the coaching and have gone through extensive video training, document training and am getting ready to buy my first TLC.  The coaching is exceptional.  For those of you not wanting to spend any money on coaching, I would recommend you stick with your job.

    Guaranteed returns are seldom found in investing.  I am a professional trader and I want to use TLC’s to grow the largest part of my portfolio because of the safety it provides.  I also trade automated systems and the draw downs encountered in trading are more than most people can tolerate.

    Jobs can offer the security that most people want.  Show up, do your job, and get paid.  For the entrepreneur, there are few guarantees.

  • http://www.zipdebt.com Charles Phelan

    Anyone wanting to learn about tax lien certificates should keep their $7,000 and just buy “The 16% Solution,” by Joel Moskowitz. It will cost you $16 on Amazon and you’ll learn most of what you need to know therein. Also, whenever TLCs are discussed as a super-duper investment, the promoters always conveniently forget to mention that tax liens pay SIMPLE interest, not compound interest. This is an enormous difference when trying to compare “apples to apples” between two investments. If one investment pays 12% simple interest and the other pays 10% interest compounded monthly, which is the better deal? The latter, hands down. The first will grow to $22,000 over ten years, the second to $27,070.

    • http://www.zipdebt.com Charles Phelan

      I neglected to state that the starting investment amount is $10,000 for the above example.

    • Alan Mohring

      You bring up a good point about compound vs. average returns, but you do realize that having a compounded return affects the negative returns more than the positive returns don’t you?  This does not happen with simple returns.

      http://www.investopedia.com/articles/06/compoundingdarkside.asp#axzz1eMLMxd7z

      • http://www.zipdebt.com Charles Phelan

        Apples and oranges. My point was not about “average” returns in the stock market vs. compounded returns, but rather investments that pay *interest*. Comparing investments that generate income via interest payments, I’ll take 10% compounded monthly over 12% simple annual interest.

      • Alan Mohring

        Me too…show me what you are investing in that is doing this over time.  Just show me what you mean. 

        Here is an account we trade that has extremely high returns, but also high risk.  http://issuu.com/autosystemtrader/docs/ast_futures_portfolio_live_trades  The problem with this type of higher return investing IS THE RISK…

        Because of this, the majority of my portfolio seeks more consistent, higher than average returns.  The Wealth Without Risk program offers me guaranteed returns.  No other investment can match this type of investment with Guaranteed returns.

        No need to reply unless you can document your returns that show better than 18% guaranteed returns. 

        Thanks for playing.

      • http://www.zipdebt.com Charles Phelan

        I hadn’t realized this post was about an investment contest. :-)

        I stand by my statement: The average consumer/investor should not spend $7,000 on tax lien investment coaching, period.

      • Tjwarner9999

        Charles, I agree.  I have been a real estate broker/investor since 1969 and have experienced many up and down cycles. The down cycle we’re in now is by far the worst in history and it’s not going to turn arouind any time soon.  I purchased Higgins program for $20.00 and that’s it. I did it for the educational content only.  I’m sure the program has information I’m not aware of and to increase my knowlege in this particular area will be good.  If I like the program enough I will proceed but without any additional out-of-pocket expense for “coaching” and “back up”.  The program has merit but requires WORK which most of the “complainers” are not willing to do.

        Vote Replublican Please.

      • Tjwarner9999

        18% Guaranteed Return!!!  Easy,  just contact Bernie Madoff.

      • Tjwarner9999

        12% simple interest on a secured equity position is not such a bad deal.  Where, in this economy, are you going to find a safe investment that will yield a 10% compounded monthly return?  Not being critical, just curious.  Thank you.

      • JH

        Define “SAFE” … lol

      • Tjwarner9999

        Excellent point Alan.

  • Shawnatheboss

    Im more confused on what he said about after the propertie lien is over and the house becomes your’s, he said “you have to pay off the rest of the propertie tax, and the rest of what ever else needs to be payed off”.  Im just woundering how much that normaly is? Im also woundering why would he make a guaranteed of what ever it was, and make sure to let us know he was not guaranting we would make a profit. I get that no matter what it is there is always a chance of loosing, but why make it a point to let us know he was not making a guarant of profit, but that the gov was

    • Steve

      Because the GOV is setting the penalty rate and interest that the property owner “HAS” to pay.  You, buying the TLC, are intitled (the Gaurentee) to the penalty and interest that the GOV collects from the property owner if he or she should pay their taxes in arears and want to keep their property.  The penalties and interest are your “profit.”  I read this in Mr Higgin’s book.

      • jackson

        steve…you are sounding more and more like a shill for the informercial

      • http://GetOutOfDebt.org Steve Rhode

        Just for the record, the Steve making comments is not me.

      • CARRPETER

        This is how I interpreted to and I think Steve is right and know I don’t work for Mr. Higgins! I kinda know this from experience, see my house was up for tax sale and I had to pay all the penalties and interest to redeem my property.Guess who got all the penalties and interest money? The person who payed off all my property tax. I had a year to come up with all the fees and penalties to redeem my home or it would had went to the payer, so the penalties and interest went to the payer.I will never forget this the interest was 14.50 a day. 

      • Currybard

        In which state is your property located?

  • Tommy Mac

    I don’t know if it is a scam for sure or not, but I can’t seem to make any money at it.

    Everytime I speak to a “Coach” they tell me about how they are going to get me involved with this ‘next level special person’ for people (meaning me, the fool with the money) that ‘are serious about making money’. They read off a script and won’t give me direct answers to questions such as what it costs, how the training is going to be conducted, etc. If they are trying to train me over the phone, that isn’t going to work. The website and DVD training that I paid for is so vague that it really isn’t useable.  
    The other problem is that they are in CA. I’m in NJ. They consistently call me late in the day-3PM or later and when I speak to them I get an attitude about how I ‘have to conform to their time if I’m serious, we’re in CA’. I don’t get up to work at 3PM, which is the earliest (the following day) I have gotten them to call me back, so how am I going to get ‘coached’ if they are unavailable? What do I do in the mean time? Again, no direct answer except the aforementioned attitude.

    Without the knowledge of a real estate lawyer, I don’t see how this could work. Going in it seemed like it would be a scam, but I figured I’ve blown $50 on dumber things, so WTH. I didn’t spend any more money on it because I couldn’t get my questions answered.
    I wouldn’t try to use this system unless you can team up with an attorney so that you can be familiar with all of the laws and regulations involved. You may be able to make money that way.

  • http://www.AutoSystemTrader.com AutomatedSystemTrader

    I have investigated many tax lien, deed and investing programs.  I think this one is good.  Saen has invested in tax liens and deeds since 1991 and seems very interested in helping people.  I am a professional trader and like to find ways to guarantee a return. 

    If you are willing to work the program as a business rather than just expect to get paid, you will be able to do well.  The coaching helps, I believe, because there are so many different laws that govern the way tax liens/deeds are sold based on the municipalities involved.

    Further, if you think it is a scam then you will probably not do well.  If you are looking for a good investing business and are actually willing to work, the coaching should pay for itself many times over.

    Most people pay hundreds of times more for a college education and never achieve financial freedom.  I am financially free and look for programs, with coaching, just like this all the time.

    • annie

      Then why does his Infomercial air at 4:00 AM. It’s to lure unsuspecting moms at home who have woken up to feed their babies!  

    • Lrj522

      You sound like you work for Sean

      • kvn

        Yeah, I think this response is from Sean himself.  Anytime I hear of “risk-free investments” I run the other way.  Pretty sure the SEC has outlawed terms like “guaranteed” and “risk-free”.  No investment is risk-free – that’s why it’s called an investment.
         
         

      • kvn

        Yeah, I think this response is from Sean himself.  Anytime I hear of “risk-free investments” I run the other way.  Pretty sure the SEC has outlawed terms like “guaranteed” and “risk-free”.  No investment is risk-free – that’s why it’s called an investment.
         
         

      • tradergrl

         I agree, I am pretty sure I could loose my job for saying any of the things this program promises.  If it sounds to good to be true….IT IS!

  • JON

    The only way to make real money is to buy Equities.  This program sounds pretty cool and all the critisizm looks like you can read it either way.  I think it easier to go wallk my dog while I make money doing nothing.  Equities.

  • H Taylor

    800.724.2182

  • H Taylor

    At your county courthouse. They supply the list, usually for a fee, and the date of the upcoming sale.

  • Jtndevelopment

    where can I get information for tax certificate

  • Leelee248
  • Taichi

    I bought into this BS years ago and discovered that it is all false and doesn’t work in the state I live in – a tax lein certificate cannot be cleared for years, and in the meantime you have to pay all taxes and upkeep on the property, then you must pay a lawyer many thousands of dollars to get the title clear, also if the owner does want to pay you back it is only 12% interest but that doesnt happen either.

  • Taichi

    I bought into this BS years ago and discovered that it is all false and doesn’t work in the state I live in – a tax lein certificate cannot be cleared for years, and in the meantime you have to pay all taxes and upkeep on the property, then you must pay a lawyer many thousands of dollars to get the title clear, also if the owner does want to pay you back it is only 12% interest but that doesnt happen either.

  • Campb76

    Sean Higgins’ program will not work in Sacramento County, CA. They do not sell Tax Lein Cirtificates and all tax defalted property must be sold at public auction. Check your county tax collector before waisting money on his books or programs. Also all the information is already available on line.

  • Campb76

    Sean Higgins’ program will not work in Sacramento County, CA. They do not sell Tax Lein Cirtificates and all tax defalted property must be sold at public auction. Check your county tax collector before waisting money on his books or programs. Also all the information is already available on line.

  • new~mommie

    thanks because i was really really considering it!! im glad you warned us about it!! and i hate that you trusted it and got BURNED, everytime i get burned somehow i talk it as a “lesson learned” to not trust it again!! but it did help me cause i was like i said really considering it. especially since he said “i will give you a refund of $1000.00″ line

  • Wojoshar

    What other studies have you done for real estate investing? Anything you can recommend?

  • Steve Rhode

    Keep me posted on the refund. You may want to follow this process to get it.

  • Ddmsmith

    If anyone wants to get out of debt, warn them against Sean Higgins program! It costs $7,000.00 and you will make only a few dollars from tax lien investing. Those who appear on his infomercials are exceptional (and I doubt if they relied on Sean’s teaching alone to accomplish what they did.) His book WEALTH WITHOUT RISK is factual and interesting. I recommend it. But his product is greatly HYPED on his commercial. There’s hardly any chance you will be anything but more in debt if buy into it.

    I speak from experience and further study into real estate investing.

    P.S.Sean Higgins organization keeps saying they will pay a refund for $1,000 they owe me for a class I had to cancel. But it has been five months. No refund yet. Do not trust them.

  • Ddmsmith

    If anyone wants to get out of debt, warn them against Sean Higgins program! It costs $7,000.00 and you will make only a few dollars from tax lien investing. Those who appear on his infomercials are exceptional (and I doubt if they relied on Sean’s teaching alone to accomplish what they did.) His book WEALTH WITHOUT RISK is factual and interesting. I recommend it. But his product is greatly HYPED on his commercial. There’s hardly any chance you will be anything but more in debt if buy into it.

    I speak from experience and further study into real estate investing.

    P.S.Sean Higgins organization keeps saying they will pay a refund for $1,000 they owe me for a class I had to cancel. But it has been five months. No refund yet. Do not trust them.

    • http://GetOutOfDebt.org Steve Rhode

      Keep me posted on the refund. You may want to follow this process to get it.

    • Wojoshar

      What other studies have you done for real estate investing? Anything you can recommend?

    • new~mommie

      thanks because i was really really considering it!! im glad you warned us about it!! and i hate that you trusted it and got BURNED, everytime i get burned somehow i talk it as a “lesson learned” to not trust it again!! but it did help me cause i was like i said really considering it. especially since he said “i will give you a refund of $1000.00″ line

    • BeenBurnedBefore

      Sounds like that guy John Beck from a few years back…same garantee ans commercial

      • Carlitosway1617

        That’s exactly what this is. A refurbished John Becks infomercial. This goes back to the cliche saying ” if it sounds to good to be true it probably is ” and you gotta love how all these people always have the one person that admits to being a complete idiot by stating ” if I can do it then anyone can” lol that’s usually a dead give away

  • Verve107

    Its a good thing they say each others names so much. (like every other sentence) or else they might forget what their parents named them.

  • Verve107

    Its a good thing they say each others names so much. (like every other sentence) or else they might forget what their parents named them.

  • Chris

    I have looked into this about 5 years ago and it is very hard to find any of this tax leans, but if u look hard enough, I guess u can find them, and if it is as easy as he says it is then why can you find them because some rich person already would have!!!!!!!!!!!!!

  • Chris

    I have looked into this about 5 years ago and it is very hard to find any of this tax leans, but if u look hard enough, I guess u can find them, and if it is as easy as he says it is then why can you find them because some rich person already would have!!!!!!!!!!!!!

  • Chris

    To Rocket, Thats funny and now that I listen its true!!!

  • Chris

    To Rocket, Thats funny and now that I listen its true!!!

  • Rocket

    At least the woman was great looking even if she couldn’t keep her accent the same through out the program

  • Rocket

    At least the woman was great looking even if she couldn’t keep her accent the same through out the program

    • MattyMat

      You are so right on– that girl is gorgeous!! Has anyone researched whether she is a bonified lawyer or not??

    • Swineford

       YA! She appeared on a info commercial for Jeff Paul arm and arm! Man what a dish!

    • Mack_flowers

      lol

  • Mike

    I have been through Saen Higgins program and met him personally. What he says is true but I feel his information is overpriced. You can get the same information elsewhere for less money.

  • Mike

    I have been through Saen Higgins program and met him personally. What he says is true but I feel his information is overpriced. You can get the same information elsewhere for less money.

    • Jtndevelopment

      where can I get information for tax certificate

      • H Taylor

        At your county courthouse. They supply the list, usually for a fee, and the date of the upcoming sale.

    • Jenny Mcculloch

      My father ordered the book and now they are trying to get more money out of him for the coaching…they said a lot of people pay $6-$7,000…but they are willing to eccept abt $1000…i am trying to research this more before my dad throws his money away. Has anyone actually made money doing this? I haven’t found anyone on here that has said they have been sucessfull. I dont think it is a good idea. It sounds great but Im thinking it’s not all its cracked up to be..I will let u know if it is

      • http://GetOutOfDebt.org Steve Rhode

        He would be far better off networking to find people in his area that are trying to apply the techniques. At the very least, go talk to the people in the tax department or court house to see if they know of anyone that has been locally successful.

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