Comments on: 3 Ways to Profit From Tax Deliquent Properties

By: jmusa

jmusa — Mon, 09 Nov 2009 19:49:22 +0000

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.

By: dreamhome

dreamhome — Wed, 28 Oct 2009 00:53:34 +0000

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.

By: Thomas

Thomas — Wed, 28 Oct 2009 00:38:10 +0000

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.

By: Pat Reid

Pat Reid — Tue, 27 Oct 2009 15:45:56 +0000

Your off to a good start. I Know there will be lots of question as you go along. You answered them quickly. Keep going.

By: victoria

victoria — Tue, 27 Oct 2009 04:11:48 +0000

I like this because it is simple to understand and short.

By: Ron

Ron — Mon, 26 Oct 2009 06:49:38 +0000

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 .

By: Jim Clanton

Jim Clanton — Mon, 26 Oct 2009 02:10:01 +0000

Video very informative and concise. Thank you, Jim.

By: Ed Andrascik

Ed Andrascik — Mon, 26 Oct 2009 01:18:13 +0000

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

By: jmusa

jmusa — Sun, 25 Oct 2009 18:06:07 +0000

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

By: Paz

Paz — Sun, 25 Oct 2009 17:51:06 +0000

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