Tax Lien Investing Tips

New to Investing in Online Tax Sales? Beware of this…

Posted on April 30, 2022 by Joanne

If you’re new to investing in online tax sales, whether it’s tax lien or tax deeds, beware of the registration and deposit deadline for the online auction. The deadline for registering to bid at the tax sale may be days or even weeks before the auction begins. Don’t make the mistake of choosing a tax sale to invest in and doing all your due diligence, picking the right properties to bid on. And then find out that you missed the registration deadline. You also want to make sure that you get your deposit in on time.

For many online tax sales, you have to get your deposit in a week ahead of the auction start date. But for some tax sales, it can be even more in advance. The Lake County Indiana Commissioner’s Sale for example starts on May 9, but the registration deadline was March 17! That’s long before the tax sale shows up on most tax sale list provider’s websites.

If you were one of my coaching clients investing in the online tax sales, you would know where to look to find out just when the county tax sale you want to attend is happening, when it opens for registration and when the registration deadline is. And I will also help you easily do your due diligence and choose the right properties to bid on in the sale. Find out more about my Get Profitable Tax Liens Coaching Program at www.GetProfitableTaxLiens.com.

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Where Are the Online Tax Deed Sales?

Posted on April 25, 2022 by Debby

Online Tax Deed Sales course Do you know how to find the online tax deed sales? It’s pretty easy to find the websites that handle the online tax lien sales. There are only a handful of companies that handle most of these auctions around the country and a couple of others that only handle tax sales in one or two states. But what if you’re looking for the deed auctions that are online? This can be a little more complicated. Some states have their own websites for these tax sales.

State Websites For Tax Deed Sales

Some examples of this are New York state, Wisconsin, and Michigan. The online tax deed sales in New York State are conducted by either www.NYSauction.com or www.AARauctions.com. Wisconsin deed sales are handled by www.WisconsinSurplus.com, and the state of Michigan has the website www.Tax-Sale.info to handle most of their counties online tax deed sales. Most of the California tax sales are conducted at www.Bid4Assets.com as well as one or two counties in Washington, and Michigan. Another state-specific tax sale site is www.CivicSource.com, which handles all of the Louisiana online tax deed and tax lien sales (and also one of the counties in Washington state).

Florida Tax Deed Sales

A handful of Florida counties have online deed auctions and you can find them on www.RealAuction.com. The nice thing about the Florida deed sales is that because tax lien holders have to apply for their lien to go into a deed sale instead of foreclosing if the property owner does not redeem the lien during the redemption period, there is a steady stream of tax deeds available. Some counties in Florida will a tax deed sale as often as once a week as opposed to the once yearly tax deed sales that happen in other deed states.

When to Look?

You now have plenty of places to look for these tax sales, but it would be helpful if you knew when to look. With the exception of Florida, most tax deed sales are only held once a year. California counties stagger their tax sales throughout the year, so check on www.Bid4Assets.com regularly to see what sales are coming up. Louisiana “Adjudicated Property Sales,” as the deed sales are referred to, happen throughout the year as well, and you can check frequently on www.CivicSource.com to view their calendar of upcoming tax sales. The Michigan counties hold their tax sales from late summer through the fall.

2 Ways To Get My Help

You can learn more about how you can participate and profit from the online tax deed sales. Get step-by-step instruction on how to find the best places to invest, register for the tax sale online, research the tax sale properties and bid at the sale.

If you’re a self starter you can follow the online training in the Online Tax Deed Sales course at www.OnlineTaxDeeds.com.

Need more help, and want to make tax deed investing easier with the tools that my coaching clients and I use for investing? Find out more about hiring me to be your mentor and coach at www.GetProfitableTaxLiens.com.

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2nd Annual Tax Lien Investing Conference

Posted on April 21, 2022 by Joanne

I’ll be hosting our 2nd Annual Tax Lien Investing conference highlighting interviews of 6 tax lien and tax deed investing experts (including myself) on topics related to making investing in tax liens and tax deeds easier, more profitable, and more fun!

I hope that you’ll join us live on Thursday, May 5 from 12:00 pm to 4:00pm Eastern Time/ 11am – 1pm Pacific. You can register to join us live at www.TaxLienInvestingConference.com.

During this conference you’ll hear about services that will help you find out what tax sales are coming up across the country, research tax sale properties easier and faster to choose the right properties to bid on, and get results of past tax sales. You’ll even learn how to clear the title on your tax foreclosed properties faster, so that you can sell them faster and shorten your turn around time to profit from your investments.

Plus, I’ll be interviewing an expert on how you can sell your liens and make your profit without waiting out the redemption period. And I have an expert who will be talking about you can profit from tax sale overages – that’s a strategy that I get a lot of questions about. But it’s not one that I personally do. So I brought in a tax deed expert, who also is an expert at overages!

I’d really like to find out which of the topics are most applicable to your specific situation. So would you do me a quick favor and fill out a short survey? It’s only 2 multiple choice questions, will take you less than 1 minute to complete, and it will help me help you get the information and know how that you want!

Take the Survey

And remember to register for the tax lien investing conference happening May 5!

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Spring 2022 Online Tax Lien Sales

Posted on April 11, 2022 by Joanne

What online tax lien sales are coming up this spring?

And which of these sales are worth bidding on?

Thanks to the pandemic in 2020, more tax lien sales have gone online in the last couple of years. Some counties have gone back to having live tax sales, but many are still conducting their tax sales online. And states that only had a couple of counties with online tax sales before 2020, now have more counties with tax sale auctions online…

Here’s the scoop on tax lien sales that are happening online in the next couple of months…

The state that is probably best known for it’s online tax lien auctions, and one of the first states to have their tax lien auctions online is Florida. Florida online tax lien sales happen in May of each year. There are 67 counties in Florida. All but one of these counties now have their tax lien auctions online. Competition in this state is very competitive and good liens typically get bid down to 0.25% interest. The redemption period is 2 years.

Two other states on the eastern seaboard also have tax sales this time of year, and have increased the number of these tax sales that are online. Those states are Maryland and New Jersey.

New Jersey is the state that I started investing in. And while I do like that state for investing, it is one of the more complicated states for bidding, and also very competitive. In New Jersey the interest rate is frequently bid down to 0% and premium is bid. You don’t get any interest on the premium bid or the face amount of the tax lien when you bid premium. But you do get the statutory rate on any subsequent taxes that you pay and you get paid the penalty amount (2, 4 or 6%, depending on the amount of the lien) on the face amount of the lien.

Maryland is also a complicated state to bid in. But what I like about Maryland is that the interest rate is not bid down. Instead premium is bid – which means the price of the lien is bid up. The other things that I like about Maryland are the short redemption period – only 6 months. Each county in MD has different rules and different interest rates, so you must pay attention to the rules of the sale for each county! Because Maryland tax sales are somewhat complicated, but I also think it’s one of the better states to invest in, as long as you stay out of Baltimore City. I did a Done With You training for the Maryland tax sales last year and it will be updated with the dates for this year’s tax sales when the information becomes available.

Other states with online tax sales coming up this season are Louisiana and Alabama. I am not a fan of the tax lien auctions in either of these states for different reasons.

In Louisiana the percent ownership of the property should the lien not redeem and the tax lien investor foreclose on the property is bid down. I do not believe that owning anything less than 100% is enough leverage to get paid on your lien.

What I don’t like about the Alabama tax sales is how long it takes for properties to get into the tax sale and the long (3 year) redemption period. I prefer to invest in states with shorter redemption periods – the shorter the better!

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5 Day Investing For Success Challenge 2022 Recap

Posted on March 26, 2022 by Joanne

investing for success

Here’s what we covered in the 5 Day Investing For Success Challenge in March of 2022

Which are you interested in investing in? Tax liens, tax deeds, or redeemable tax deeds? What state or states do you want to invest in?

Did you participate in the 5 Day Challenge and download my recently updated State Guide? And did you do the homework?

Homework for day 1 of the challenge was to read about the states that you’re interested in investing in.

Homework on the second day was to choose which state to invest in and come back with your questions.

Click the arrow below to listen to today’s Investing For Success Saturday Audio to find out what we went over each day of the Challenge.

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Here’s the link to the Investing for Success Private Facebook Group mentioned in the audio, where you can still watch the videos until April 3: https://Facebook.com/groups/InvestingForSuccess

Not on Facebook?

Why not become a VIP for the 5 Day Challenge and get lifetime access to the recordings plus the Q & A sessions that we did Tuesday – Friday. We didn’t have a Q & A session on Monday because I spent the whole time in the Facebook group. Al together you’ll get 5 hours of video training from me. And watch me as I do some coaching in the VIP sessions!

Become a 5-day investing for success challenge 2022 VIP member now. And watch as I show how my coaching clients and I make finding tax sales, getting the tax sale info, and picking the right properties to bid on easy! enroll now Here.

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New to Investing in Online Tax Sales? Beware of this…