Don't miss this episode with host Rich Rice and real estate expert Ken Letourneau, holding 25 years of tax lien and tax deed investing experience. Ken explains tax deed concepts, auction processes, and opportunities across states. Learn about online auctions, strategies, and pitfalls in tax deed investing. Ken shares insights on bidding, due diligence, and the optimal time for property purchases. Discover the nuances of tax deed sales, focusing on returns over property ownership. Ken emphasizes due diligence, community impact, and navigating regulations. Gain valuable tips for successful investing and explore Ken's experiences in various states. Plus, discover the secrets behind Ken's attention-grabbing "Unemployable" shirt.  

Explore the Inland Empire Real Estate Investment Club at IEREIC.org for multiple weekly events, especially on Wednesdays FIREfocus meetings. Don't miss the exchangors session every Wednesday from 12pm to 2pm PST. Thanks for tuning in – see you on the next episode! 🔥🎙️#FIRE #FinancialIndependenceThroughRealEstate #Investment #Podcast

0:20 - Intro to Ken's 25-Year Real Estate Experience
1:20 - Tax Deeds Basics and California Process
6:25 - Investing Opportunities in Tax Deeds
10:29 - Title Companies in California vs. Other States Auction Dynamics
13:33 - Bidding Process and Auction Strategies
16:39 - Code Violations - Risks and Benefits of Tax Deeds
19:53 - Prefer Lien States Over Deed States 
22:04 - Legal Aspects, Redemption Periods, and Regulations
26:22 - Community Impact and Varying State Regulations
30:17 - Ken's Experiences Across Different States
38:24 - Favorite Flip in Compton
48:05 - Know Where You Want to Start Your Business
51:25 - Utilizing Tax Sale Resources
52:38 - 99% of People Don't Know Tax Sales

Visit IEREIC.org for events, resources, and membership details.

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"FIREchat" is hosted by Rich Rice. As the founder of the FIRE Center, Rich's dedication to community building and knowledge-sharing has created a haven for those eager to learn and better themselves. However, his journey to success wasn't a straight line. Overcoming significant personal, financial, and career challenges - he eventually found his calling in real estate coaching. Now, he's committed to guiding others on their path to success, showing it's possible to rebuild and thrive; especially when dreams become plans and plans become actions!

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