Beware Tax Liens For Sale on Ebay

Not too long ago I received a question from one of the subscribers to my Tax Lien Tips newsletter. He was confused because he saw a tax lien for sale on e-bay that sold for over $4,000. The face value of the lien was only 228.28 with 5% interest on the lien amount. This was a Florida tax lien, so instead of having the opportunity to foreclose on the property, you would apply for the tax lien to go to a deed sale if the lien was not redeemed during the 2 year redemption period.

The e-bay listing said “Residential Home Near Ocean, Tax Lien Certificate.” It included one aerial photo of the property and a few pictures of the Fort Lauderdale, Florida beaches. The item specifics said “Residential Real Estate,” and made it look as though it was the real estate that was for sale by owner, until you read the description. The description clearly said this is a tax lien certificate. It had even stated that the seller of said certificate had never even looked at the property and recommends that you look at the property before bidding on the certificate.

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Real Estate Market Timing Webinar Replay

A free webinar recording on Real Estate Market Timing: How You Can Know When to Buy and When to Sell is know posted on the Tax Lien Lady’s Teleseminar Blog at http://budurl.com/4jzm. This webinar was held on Thursday, July 23 with Bob Golden of REMarketStats.com and Joanne Musa of TaxLienLady.com on Real Estate Market timing and how you can know when it’s safe to buy real estate again in your area.

You’ve probably heard that the 3 keys to successful real estate investing are location, location, location. But is that really true? In this webinar Bob shared his secrets for making more money in real estate by investing in the right market at the right time. Want to know if it’s safe to start buying in your market?

“We’ve analyzed over 200 real estate markets and used historical data going back as far as 15 years and when the market momentum says buy we see home values going up shortly after. When the market momentum says sell home values level out or go down. The numbers don’t lie,” said Bob Golden of REMarketStats.com.

“This is the kind of invaluable tool a real estate investor needs, it tells us when to buy and when to sell and it has been proven based on years of historical data to make money. You can literally make tens of thousands of dollars more per property just by knowing the right time to buy and the right time to sell,” he added.

Watch the replay to find out how to determine when it’s safe to buy again, and how to find out which areas of the country are still good markets now. Watch it from the blog or download it to your computer.

To watch the replay go to http://budurl.com/4jzm.

Joanne

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Buying Tax Liens Online

What if you are really interested in buying tax liens, but you don’t live in a state that has tax lien sales, and you don’t live within driving distance of a state that does sell tax liens? One alternative to buying tax liens at a physical auction is to participate in the online tax sales. Only a few states have tax lien sales online, but fortunately each state that does have online tax sales conducts their sale at a different time of the year. So you can participate in an online tax lien sale somewhere in the United States in almost any season of the year.

There are only 5 states that have tax sales online; they are Arizona, Colorado, Florida, Indiana, and Maryland. Even in those states, not all counties have online tax sales. You can find a list of these counties with links to the tax sale websites, and other details about their tax sales in my Guide to Buying Tax Liens Online on the members area of TaxLienLady.com. The online tax sales are very different in each state, but they do have a few things in common.

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Podcast Episode #31 – Interview by Clint Biesinger-Part 2 of 2

This the the 2nd and last part of an interview done by Clint Biesinger. This audio interview focuses on New Jersey tax liens.

 

MP3 File

 

Hope you enjoy it.
Joanne

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I Graduated General Patton’s Boot Camp!

It’s Wendnesday, July 1st and a couple of day’s ago I got back from Wendy Patton’s “Soft Market Investing Boot Camp.” I’ve been to a few real estate investing boot camps and seminars, but I was really impressed with Wendy. I’ll be telling you more about what I learned at the Soft Market Investing Boot Camp as I implement some of the tools and techniques that I learned about. And I’ll be sure to let you know about her next boot camp in November.

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The Tax Lien Lady with Wendy Patton

Wendy has a great program for buying cash flow properties in Pontiac Michigan, right outside Detroit. This is an area of the country where rents are decent ($500 – $900), and homes are mostestly priced. Tune into this blog in the next few days to learn about how you can get a cash flow house in this area with everything already in place – including property management.

Happy and Prosperous Investing,

Joanne

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