In July of 2002 I claimed my independence from the volatility of the stock market, and have gotten steady double digit returns on my investments ever since. Later that year, I purchased my first really profitable tax lien. It was a small investment that I was able to add to each year, for the next 6 years and then I did nothing for the next 2 years. When I finally forced redemption by sending pre-foreclosure letters to the owners and the bank that held the mortgage on the property, I made over 150% interest on my original investment – almost doubling my money over 9 years on the original lien and I made over 72% in 8 years on a subsequent lien that I had purchased on that same property.
That may not seem like much, but keep in mind that my original investment was less than $500 on the lien purchased in 2002, and in 2003 I purchased another lien on the same property for less than $500 and kept adding a little to it each year for the next 5 years. My total investment in the second lien was $3457 and it redeemed for $5972. I made $2515 in profit on only $3457! Continue reading
With a subscription to Tax Lien Lady’s Members Area, you can do custom searches to find out what tax sales are coming up all around the country. And in addition to that there is training every month where you get a member’s only webinar, get your questions answered, and find out about little known tax sales. Here’s some information for you about what tax deed sales are coming this summer.
Summertime Online Tax Deed Sales
Tax deeds are happening throughout the summer. The states of California, and Michigan have quite a few counties that have online tax deed sales. There are tax sales in California throughout the summer and the Michigan tax sales start in August and will continue through the fall. There are a few Florida counties that have their tax deed sales online. Some of these counties may have tax sales as often as once a week! New York also has a few counties that conduct their deed sale online. Continue reading
Where is the best place to invest in tax lien certificates or tax deeds? Most people are concerned about which lien states have the highest interest rates and which deed states start bidding at back taxes. I believe that the best place to start investing is in your own backyard. I think that it’s best to invest in an area that you know, because you’ll know what the property values are and you’ll know what to look out for. Each state has different problems that you have to be aware of, especially if you’re purchasing raw land.
I usually answer questions about how to profit from a tax lien from the investor side. But I sometimes do get questions from people who are on the other side of a tax lien or tax deed. I thought that it might be helpful for you to read the answers to a couple of these questions in case you know someone who is on the other side of tax lien or has had their right of redemption foreclosed. Please keep in mind that I am not an attorney and the answers I give to these questions is not a substitute for legal advice but is for educational purposes only!
Home Lost To Tax Lien Foreclosure: Continue reading
online tax deed sales
Want to invest in tax deeds from a distance?
Here are the online tax deed sales coming up now through the summer.
If you’re interested in buying properties at tax deed auctions you might know that there are tax sales throughout the summer in California and in Florida. And you might know that most of the California online tax sales are conducted on Bid4Assets.com and that most of the Florida online tax sales are conducted by RealAuction.com or Grant Street Group. But that’s not what I want to tell you about in this article. I want to let you know about the lesser known and thus less competitive online auctions that you won’t find in the typical places. In fact sometimes they are not even listed by some tax sale providers. Continue reading