Podcast Episode #29: Update to Tax Lien Investing Book Review

Just after I wrote a review of three of my favorite books about tax lien investing, I got a call asking me if I’d like to review a brand new edition of one of them. A second edition of The 16% Solution, by Joel S. Moskowitz, is now in bookstores and I’ve just finished reading it.

 

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You can find out more about my Jet Start personal consultation at www.taxlienconsulting.com.

Update to Tax Lien Investing Book Review: New Edition of The 16% Solution

Just after I wrote a review of three of my favorite books about tax lien investing, I got a call asking me if I’d like to review a brand new edition of one of them. A second edition of The 16% Solution, by Joel S. Moskowitz, is now in bookstores and I’ve just finished reading it. It’s been a while (more than 6 years) since I read the original version of this book, which was somewhat outdated then, so I wasn’t sure just how different the second edition would be from the first.

I was pleasantly surprised! With all of the hype and recent infomercials lately touting tax lien investing as a way to get rich quick, this book is very refreshing. Right from the beginning Mr. Moskowitz sets the reader straight, giving honest and straightforward information. I was really impressed with the forward to this second edition where he likened the chances of someone getting a property for pennies on the dollar from a tax lien to someone winning one million dollars from a one-dollar lottery ticket. Yeah it happens every now and then, but it’s not likely. And then he tells you what you can expect from tax lien investing super-high interest combined with safety.

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Podcast Episode #28: Tax Lien Lady Interview, Part 2

Part Two of the interview with Kendall Mathews of
TheInvestmentRealEstateCorner.com

In Part Two of this interview You’ll find out:

* Why tax liens are such a great investment
* What you need to know before you bid at
the sale
* Reasons not to buy a tax lien
* How to do your due diligence on tax sale
properties

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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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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

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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.

 

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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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