Tax Lien Investing: From the Field

It’s Monday April 20, 2009 and I just got back from a tax sale in New Jersey. Here’s what I noticed at this tax sale. There were more properties available than last year, but there were also more bidders. A couple of institutional buyers showed up who don?t normally come to this particular tax sale. At least they weren’t there in 2007 and 2008. And there were also a couple of new companies that I haven?t seen before, after talking to them I learned that one of these companies just started earlier this year and the other is into tax lien investing again after being away from it for a few years. There were also a couple of new investors just checking on what this tax lien investing thing is all about as well as the usual crowd.

Most of the “good” properties – by good, I mean safe properties, properties that you know are going to redeem and have a decent looking structure on them, went at premium, except for one that went for 1%. There were a few parcels of vacant land and one trailer that went from 17% to 18% and there were a few pieces of undesirable vacant land that went to the township. There was one very large lien (over $60,000) that originally was struck off to the township, but one of the investors got it at 18% after the tax sale. It was a corner lot with some old barns on it.

I went to this sale in order to pay the subsequent taxes on two of my liens to keep them out of the tax sale, and to see if I could pick up another lien. I was able to get a lien on a nice building lot for 18%. The lien was for around $2600. I also have two other liens on properties in this same development (it’s really just a cul-de-sac). The builder has come on hard times and has stopped building and stopped paying the taxes. He’s been trying to sell the building lots, but they aren’t moving in this slow economy. Maybe I’ll actually be able to foreclose on these lots!

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Podcast Episode #27: Tax Lien Lady Interview, Part 1

Part One of an interview with Kendall Mathews of TheInvestmentRealEstateCorner.com

In this part of the interview the Tax Lien Lady tells about her backgroup and reveals:

  • How she got started in tax lien investing
  • Why invest with a self-directed IRA
  • How much money do you need to get started

MP3 File

Joanne Musa is a tax lien and tax deed investing expert who helps investors buy profitable tax lien certificates and tax deeds. You can find out more about the excess proceeds strategy of tax deed investing and get a Free mini-course at www.TaxForeclosureFortunes.com.

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Podcast Episode #26: Tax Deed Investing on Steroids Part 2

This podcast is part 2 of 2 about a little known secret in tax deed investing called excess proceeds. The article is posted right after the audio.

 

MP3 File

 

Joanne Musa is a tax lien and tax deed investing expert who helps investors buy profitable tax lien certificates and tax deeds. You can find out more about the excess proceeds strategy of tax deed investing and get a Free mini-course at www.TaxForeclosureFortunes.com.

 

 

Tax Deed Investing on Steroids Part 2

By Joanne Musa, The Tax Lien Lady

In Part 1 of this series on tax deed investing, I introduced you to a strategy for cashing in on tax deeds without even going to the tax sale. In this article I’d like to answer some questions that you may have about the excess proceeds strategy that I introduced you to in Part 1. About a year ago, I did a very informative teleseminar interview with tax deed and real estate investing expert Cody Matousek.Cody divulged the little known secret of tax deed investing know as excess proceeds.

This seminar entitled “Cashing in on Tax Deeds Without Going to the Sale”,was the most popular teleseminar that I had by far. In fact we had over 200 people sign up for this call! Everyone was so excited about this little known method for making money on Tax Deed properties without actually owning the property, at least, not for very long, that I got a lot of questions as well as some great testimonials regarding the teleseminar with Cody. Following are the answers to some of the frequently asked questions that we got about this seminar. You can find out more about this secret investing strategy at www.TaxForeclosureFortunes.com

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Podcast Episode #25: Tax Deed Investing on Steroids Part One

This podcast is part 1 of 2 about a little known secret in tax deed investing….called excess proceeds.

 

MP3 File

 

You can profit from investing in tax foreclosure properties without even going to the tax sale. To find out how check out my new free Tax Foreclosure Fortunes Mini-course. You can find it at: TaxForeclosureFortunes.

Tax Deed Investing on Steroids, Part 1

By Joanne Musa, The Tax Lien Lady

You may have heard that tax deed investing is a way to purchase tax foreclosed properties for pennies on the dollar. And you may also know that now is a great time to start investing in tax deed properties because there’s more available now then there has been in the last few years. But did you know that there is a way to Cash in on tax deed properties without even bidding at the tax sale? How would you like to be able to buy tax sale properties for less than what they would go for at the tax sale? And because you are purchasing the property from the owner, before the tax sale, you don’t have to worry about clearing the title.

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Podcast Episode #24: Tax Lien Investing Book Review

My goal in this article is to give you a short review of some of the books that I’m familiar with and point out the pros and cons of each one.

 

MP3 File

 

You can profit from investing in tax foreclosure properties without even going to the tax sale. To find out how check out my new free Tax Foreclosure Fortunes Mini-course. You can find it at: www.TaxForeclosureFortunes.

 

 

Tax Lien Investing Book Review

By Joanne Musa, The Tax Lien Lady

Recently one of my clients asked me what I thought about a book on tax lien investing. The book that he asked me about is one that I do recommend on my web site. The name of the book isProfit by Investing in Tax Liens, by Larry Loftis. The problem with books about investing in tax liens and tax deeds is that every state is very different and there is no book in print that I’m aware of that does justice to every state in the U.S. My goal in this article is to give you a short review of some of the books that I’m familiar with and point out the pros and cons of each one.

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