If you’re headed to Tax Sales in New Jersey this fall, beware of the accelerated tax sales.
What’s An Accelerated Tax Sale?
When you attend a tax sale in New Jersey, most of the time the municipality is selling delinquent taxes from the previous year, so if you went to a sale now you would be buying last years taxes. But at an accelerated tax sale the municipality is selling this years delinquent taxes.
Of What Importance Is That To You – The Investor?
Investors pay premium for tax liens in New Jersey (after bidding down the interest to 0%) for 2 reasons. Firstly, there is a penalty they will receive on lien amounts over $200 (2-4% depending on the amount of the lien). And secondly, once they have a lien, they can pay the subsequent taxes and get the maximum interest rate on the subsequent taxes paid. Continue reading
Here are the answers to recent questions that I received about Tax Sale Overages, Getting Started With Tax Lien Investing, and Investing With A Self-Directed IRA….
Tax Sale Overages
Recently I’ve gotten a lot of questions about tax sale overages. Many of you have specific questions for various states about tax sale overages and finder’s fees.
Answer: Continue reading
Fall is the season for tax sales!
Some people think of the winter as tax sale season because of the Arizona online tax lien sales in February. Others think of the spring as the tax sale season due to the Florida online tax sales in May and June. But the real tax sale season is the fall. Why the fall? Because from September through December there are tax lien and tax deed sales going on all over the country, both live and online. Continue reading
Here’s an important technique from my friend Arnfried at Be Motivated Today that will get you motivated to work on your goal.
I know that it works because I’ve used this technique to become a champion weightlifter. And I continue to use it today in my weightlifting training and in my business. I want to encourage you to try it out and see if it works to help you with meeting your goals in your business and in your personal life.
Here it is in a nutshell: Continue reading
Buy Properties Cheap For Cash!
Most people are not interested in paying cash for a house. Even in today’s market when you can buy a decent 3 bedroom 2 bath home for $100,000 or less in a lot of decent markets, not many people have enough cash saved to pay for a house without financing. The only problem with getting a loan today to purchase property though is that the banks aren’t giving them out, especially to investors. But what if you could own a house that was worth $100,000 and only pay $15,000 for it. Or what if you could pay 5-10K for a house that is worth $75,000. Would you be interested in paying cash for it? Continue reading