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Is Taxyields.com Legit? The Truth Behind the Hype

Todd Clark
Is Taxyields.com Legit
Source - Taxyields.com

With so many get-rich-quick schemes popping up online, it’s no surprise that Taxyields.com is gaining attention. The site promises big profits by investing in tax liens, where people can make money from properties they don’t own. But is it really a good deal, or just another scam? Let’s take a closer look.

What is Taxyields.com?

Taxyields.com says it teaches people how to invest in tax lien certificates.

These certificates are issued by the government when homeowners don’t pay their property taxes.

By buying one, you cover their debt, and when the homeowner pays their taxes, you get your money back with interest.

The site claims that interest can be as high as 10% to 24%, or even more sometimes.

They make it sound like an easy way to make money. But the truth is, the returns on tax lien certificates are often much lower—sometimes as low as 4% per year.

Also, they suggest you can make money quickly, but that’s not how this works.

They also hint at the chance of owning a property if the taxes aren’t paid, but that’s a lot more complicated than they make it seem.

So, while investing in tax liens can be legal, the promises made by Taxyields.com are exaggerated.

Taxyields.com
From Taxyields.com

Our Opinion

After looking into Taxyields.com, there are several red flags.

First, they suggest you can make lots of money with little effort, which isn’t true.

While you can earn money from tax liens, the returns are often much lower than what they advertise.

For example, if you invest $11,000 with a 10% annual return and hold it for three months, you’d only make about $25—not the huge profits they talk about.

Another issue is how they explain getting property.

They imply that if a homeowner doesn’t pay their taxes, you automatically get their property, but that’s not true.

You would need to go through a foreclosure process, and even then, the property has to be sold at an auction. You’ll probably have to spend more money to get it.

The cost of the program is another problem. The starting price of $97 might seem fair, but it’s a subscription service, so there will be more fees later.

This makes it hard for small investors to make a profit.

Also, their disclaimer says their content shouldn’t be taken as financial advice, which shows that even they don’t fully stand behind their claims.

In the end, while Taxyields.com deals with legal investments, their marketing is misleading.

The returns aren’t as high as they claim, and the process is more complicated than they admit.

If you want to invest, it’s better to look elsewhere and talk to a financial expert instead of trusting a site that promises quick riches.

What to Do If You Get Scammed

If you invested in Taxyields.com and feel misled, there are things you can do.

First, contact your bank or credit card company to dispute the charges, especially if they are recurring.

Many banks offer fraud protection and can help you get your money back.

You should also report the platform to the Federal Trade Commission (FTC). The FTC investigates scams and can stop others from being tricked in the future.

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Clark is a 26-year-old expert working for consumer protection, Clark has dedicated years to identifying and exposing fraudulent schemes. He is working with NGOs to help people who are victims of scams. In his free time, Todd plays football or goes to a bar.
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