Enjoy this article, narrated by my assistant Debby. To view more articles about investing in tax delinquent properties go to www.Jack-Bosch-Land-Profit.com
Leave your?comment and tell us what you think of this video.
thanks,
Joanne
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Chris: How much money will I need for capitol after I purchase your product?
Joanne: Hi Boris, In New Jersey at some of the smaller tax sales, buyers are not issue bidder numbers but simply call...
Boris: Joanne, I find your blog to be very informative and well put together. You mentioned that when you realized...
Dustin Terrell: Rick, Thanks for the update and the information on the Michigan tax foreclosure system. I know now...
Rick: So if you’re trying to buy properties before the tax sale, you cannot use a tax deed sale list to find...
12 Comments
October 25th, 2009 at 11:48 am
The 3 ways is concise and to the point – not long and drawn out. Well thought out.
Thank you
October 25th, 2009 at 12:44 pm
Hi David,
Glad you like the video, check out the next on our new blog http://www.Jack-Bosch-Land-Profit.com
Joanne
October 25th, 2009 at 12:51 pm
This is very interesting, especially the third method. When you say “pennies on the dollar” are you also including all back taxes owed on the property?
Also, will you be teaching the legalities of if/how secondary liens get wiped out by the county tax lien?
Thanks,
-Paz
October 25th, 2009 at 1:06 pm
Hi Paz,
Thanks for your comment and your questions.
When I say “Pennies on the Dollar” I’m talking about aquiring property for a fraction of the market price. In the third method in this video you would purchase the property from the owner – who doesn’t want it anymore and is willing to let it go for back taxes – but then you do have to pay the back taxes in order to keep the property. However, if you purchase the property at the right time, and you have plenty of time to sell it before it goes to tax sale, you don’t have to pay the taxes until you sell the property.
Secondary liens do not get wiped out by a county tax lien. The county tax lien comes before other liens. It does not wipe out other liens. The only way that the other liens get wiped out is if the property gets foreclosed by the lien holder. This question applies to Tax lien investing. I’m assuming that is what you were reffering to.
Joanne
October 25th, 2009 at 8:18 pm
NICE QUICK OVERVIEW.FAMILIAR WITH INFO LOOKING TO FINE TUNE MY KNOWLEDGE IN THE NJ AND PA MARKET.LOOKING FOWARD TO DOING BUSINESS.
BE WELL,REGARDS
ED ANDRASCIK
October 25th, 2009 at 9:10 pm
Video very informative and concise. Thank you, Jim.
October 26th, 2009 at 1:49 am
Is it possible to create a game simulator of Tax Lien Manager for teaching purposes . You could then learn the money management skills required during purchases .If this is done virtually, people will be able to learn faster, even without the funds available .
October 26th, 2009 at 11:11 pm
I like this because it is simple to understand and short.
October 27th, 2009 at 10:45 am
Your off to a good start. I Know there will be lots of question as you go along. You answered them quickly. Keep going.
October 27th, 2009 at 7:38 pm
Hello.
I liked the presentation.
It was concise, informative and easy to grasp.
I have not been involved in tax lien investing
so I found the information helpful.
Thank you.
October 27th, 2009 at 7:53 pm
In NJ, the most common way is tax lien investing.
How many percent of the property owners are willing to sale their properties prior to the tax lien sale?
Thanks doe sharing.
November 9th, 2009 at 2:49 pm
Hi Dreamhome,
I haven’t actually tried this in NJ, so I don’t know. Property values in NJ are very high, so I don’t think that this is the ideal place for this type of investing. I do a lot of tax lien investing in NJ and any liens that I have on decent properties alway seem to redeem. I have started the method of buying tax delinquent properties before the tax sale in PA, and have gotten a lot of good responses there.
Jack Bosch has a great training video for determining where are the good places to buy tax delinquent properties before the tax sale. You can see the video and get his Land Manifesto for free at http://budurl.com/LandManifesto.