Trinity Consulting Services? Has Anyone Used Them?
I was considering spending 5k to join there organization. Please let me know if the Ted Thomas/Trinity Consulting Services is worth joining. They specialize in helping you to buy Tax Lien Certificates. I really want to know is it possible to buy a house this way? Please reply. Trinity Consulting Services is located in California is anyone familiar with them? Please Respond promptly Thanks 
[addsig]
I've not heard of them, but that doesn't mean that they aren't knowledgable. But $5,000 to learn how to buy muni tax lien certs?
I don't know what state you are in, but you should know that laws and customs can differ from state to state, and even county to county.
There are a few good books on muni tax lien investing. In my opinion, it's a terrific form of low risk/high return investment.
You aren't purching a dwelling, you are purchasing a lien on a dwelling. A priority lien that will pay interest. If the Homeowner doesn't reddem the tax lien certificate within a prescribed period, you, as tax lienholder, can foreclose.
In the overwhelming majority of cases, the homeowner redeems the certificate before the lienholder is lawfully entitled to initiate foreclosure.
If you want to send me $5,000, I'll help you by muni tax lien certs, too. Heck, I'll even do it for $3,000... and I'll throw in a copy of A Short Sale Primer!
Or, you could spend $100 on a couple of good books, and attend a local muni tax lien auction. See how it goes.
nt[ Edited by TheShortSalePro on Date 08/26/2003 ]
I'll do it for $2500. That's HALF PRICE! But, only if you act within the NEXT 24 HOURS!
Or
You can go to the library and borrow a book on Tax Liens for FREE!
You can also go to the TAX LIEN forum on this site and get the information for FREE.
In the worse case scenario, go to ebay. You'll be able to buy LOTS of material on Tax Liens with that $5000 you didn't hand over to some "consulting service".
Hope This Helps!
Mrs. Meltzer
To be honest, I've worked with potential tax lien investors in New Jersey by 'teaching' them what's involved. First by obtaining the lists of properties whose unpaid taxes will be exposed to public auction (available for free, or by subscription service). Then we identify potential 'buys' by performing due diligence. Attending the auction sale is the easy part. Bring cash. If you are the successful bidder at auction you'll have to record your cert, and service your certificate, too.
It's not hard, but it's not worth $5,000.
$500? Sure.
Read The following on this company that trying is to get your investment i know them personally shady dealings:
, is a foreign ...
go to yahoo and type "KEVIN C. GROM" you'll be glad
STATE OF MAINE OFFICE OF SECURITIES 121 STATE HOUSE STATION ... (PDF)
... 03-100-CDO Kevin C. Grom ) Andrew L. Wardein ) ________________________________) ALLEGATIONS 1. Trinity Consulting Services, LLC (“Trinity”
****Must Reach Senior Investor status before posting URL's*** view as html | more results from this site
Here's my 2 bits.
After you pay the $5000 you STILL have to learn it and you still have to buy them (you just have $5000 less to work with).
Let's take a practical approach.
How much do you make per hour at work? Let's say you make $15 per hour at work. After your taxes and other government money is pulled from your check you're probably need to make 25% MORE in order to have $5000 to spend. For now we'll ignore the fact that you have living expenses and could not actually spend your entire paycheck for the next 10 weeks to buy ONLY this program/service (in reality it would probably take 5X's as long to put that much disposable income into your pocket, but let's forget about that for now)
That said, $5000 is the equivalent of 10 weeks at 8 hours a day, 5 days a week. If you dedicated yourself in that way to learn about Tax lien certificates you would know a world more than the day after you wrote a check for $5000. Keep in mind that after spending your money you STILL have to take the time to learn it.
Sure it may not come in pretty packaging and you may have to read an extra book or two, but I would absolutly EXHAUST your free resources (TCI, Library, Friends, aquaintances, anyone you rub shoulders with at the courthouse, local REI groups, etc), Then take it to barnes and noble and spend $100 on books there. If after doing that you feel like you need someone to hold your hand, go ahead and pay for someone to walk you through it.
Just remember what $5000 represents to you before you freely give it up.
I'm not saying that there aren't things out there that are worth spending that kind of money on, but I do know that for every good one there are a dozen that will eagerly take your money and then give you mediocre information or explain to you that to REALLY take it to the next level you need to spend another $15,000.
Be Wise, that's all I'm saying.
If you do decide to pay $5000 for a consulting service, make sure you sheck them out thoroughly before you give them any money. Make sure the information you get is true and not just what you want to hear. The reason I say this is because I was talking with a financial consultant who told me he could help me set up in a corporation for around $2500, but my taxes would still be done by my accountant (who is also qualified to set up the corp.) and that by using his services (which are still unclear), the corp. would pay no tax on capital gains. To make a long story short, i don't want to pay someone when i already pay someone else to do the same thing. Most of what the "financial consultant" told me, i had found in books which all goes back to my CPA anyway.
Hope this helps.
If you want to hear from another newbie, I can share my experience. Last year I knew nothing about buying tax lien certificates. I went to the county courthouse web site and searched on tax certificate sale and low and behold were all the instructions to buy them. I had been subscribing to the local paper that publishes publice notices since I was interested in foreclosures and in one issue they published the whole list of properties with delinquent taxes that were to have certificated auctioned off and it gave the date of the first sale day. I got directions to the room in the courthouse where the sale was going to be, registered for a number and showed up. Just watched for a while, there are a lot of different and interesting people there. Then I piped in during some bids and won two certificates at 17% interest! Ours works that you bid an interest rate up to 18% going down and the lowest rate wins. You have to pay the amount of the tax and when and if the owner pays the tax they also have to pay your interest. I paid for them with a check and that was it! It was even fun! So don't let someone tell you it is really complicated. Not saying this is how it is done everywhere, but just go to your courthouse to the delinquent tax department and ASK. Also, read up books about tax liens in your state like every has suggested so you know more about the process in your state. And have fun. Use your $5K to buy certificates!
jatkinson, Great reply.
i have heard of this company called trinity and have friends who are a part of the company, meaning invested the $5000.00. after months with the company he was extremely pleased in his choice in spending the money due to the fact that they were with him every step of the way. he learned the proccess of picking up property for 40 cents or less and how to pick up leans for cheap with a good interest rate. time and error was the biggest reason for joining as iam hearing
I heard of these guys, "trinity consulting" personally i do think in this world you need someone to walk you hand in hand into a new ballpark. To be successfull you must work smart not hard, I am currently an investor into the wonderful world of tax liens and i have no complaints. In regards to the Trinity program, it is great i think but i actually have found and worked with another company who are a more hands on training for roughly the same price. I have no regrets, wether you invest $ with them, really invest and put your money at 18%, I got a few tax liens at 25% from texas. go get those tax liens!!!!Knowledge is power and with the market never knowing where its going the safe place to put is tax liens......