Are You Bidding Premium For Tax Liens?

bidding at the tax sale

Right now there are tax lien sales going on in three different states where premium is bid for tax liens. “What is premium,” You might ask, since at many tax lien sales it’s the interest rate that is bid down at the tax sale. Premium or “over-bid” as it is referred to in some states is an amount over and above the amount of the tax lien that is bid in order to get the lien. In this case it is the investor who is willing to pay the most amount of money for the tax lien that is awarded the bid.

The three states that have tax liens this time of year in which premium is bid are Colorado, Indiana, and New Jersey. Each of these states treat the premium bid differently and it’s very important to know what happens to the premium you bid before you bid at the tax sale in any of these states. Each of these states also have at least a few counties or municipalities that conduct online tax sales. Here is a short summary of what happens to the over-bid or premium for tax liens in each of these states. Continue reading

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National Tax Lien Association Symposium Highlights

The National Tax Lien Association (NTLA) is the only non-profit association that serves the tax sale industry. For the last 25 years they have served the industry. I just attended the October, 2022 National Tax Lien Association Symposium. This is the second NTLA event that attended and I’m so glad that I did!

I always feel like a little fish in a big pond when I attend their events in spite of my 20 years experience. Their events are attended by their board members, seasoned investors, large fund managers, tax lien attorneys, and tax collectors as well as new investors. Also available are service providers for the industry, various lenders (big banks), data providers like Tax Sale Resources and Lumentum LLC, portfolio servicing agents, real estate professionals, and legal services, just to name a few.

Of course I attended for the sessions on different aspects of tax lien investing. The 3 major sessions that were specifically about tax lien/deed investing were about

  1. How to navigate investing in a rising interest rate environment
  2. What you can really expect from tax lien foreclosures
  3. South Carolina tax sales.

I will be revealing what I learned from these sessions in the next Tax Sale Success Masterclass Tuesday, October 18th at 7pm Eastern time. All of the Tax Sale Success Masterclasses and Workshops are free for Members of the Tax Lien Profits Accelerator. Non-members can enroll in the Masterclass for only $47, and get lifetime access to the replay and all materials. The topic of our October Tax Sale Success Masterclass is “Preparing To Go To Your First Tax Sale.” Space is limited so enroll now at http://TaxSaleSuccessMasterclass.com.

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Preparing For Your First Tax Sale

Are you preparing to go to your first tax sale? If you are, here is a 2 and half minute quick tip video to help you be prepared…

A few years ago, most of the tax sales that I attended were conducted live. I recommended my clients attend an auction before bidding at one. That way, they understood how the bidding works. And knew how much they would have to bid to be successful. You found out just how much money they need and whether or not it’s worth going to that tax sale. They also learned exactly what procedures to follow at the tax sale. That way they don’t miss a beat when they bid at the sale.

But today with all the tax sales that are online, attending the auction is not always necessary. I teach my coaching clients how to get the results of past tax sales, whether they are attending online or in person auctions. So that they can determine which tax sales are worth attending, how much money they’ll need to participate, and which type of properties to bid on.

Watch the Tax Lien Investing Quick Tip video above to find out more about preparing to go to a tax sale. And if you need more help in preparing to go to your first tax sale, check out my online training at http://Taxlienlady.com/book/digital-training.

This training goes over everything you need to know to be a successful tax lien or tax deed investor. Including:

  • How to find the best places to invest
  • Easily getting all the tax sale information you need – including the list
  • How to quickly evaluate tax sale properties and find the right ones to bid on
  • Preparing for the tax sale
  • Bidding at the tax sale
  • And protecting your investment and maximizing you return once you get some liens or deeds

And get some valuable bonuses (like 2 months of access to the Tax Lien Profits Accelerator™)!

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The Road To Financial Freedom

What does the road to financial freedom look like for you?

Here’s what it looks like for me…

  1. Paying off all consumer debt (I have a lot) and being debt free
  2. Contributing to my Infinite Banking life insurance policy so that I can be my own bank
  3. Investing in tax liens because they are not tied to the stock market, or the federal interest rate

Your road to financial freedom might look completely different than mine. It might look  something like this and have nothing to do with an infinite banking policy or tax lien investing…

  1. Both spouses working in full time jobs with good salaries and benefits
  2. Investing in long term and short term rental properties

Whatever your personal path to financial freedom is there are 2 things that will help you get there faster. And that is…

  1. Having the right mindset
  2. Operating within your Money DNA (i.e. the way that your mind is wired)

That’s why for our next Wealth Building Webinar, I’m bringing an expert to help with both of these things. In fact I refer to him as the Millionaire Maker, because quite frankly that is what he does. I believe in him so much that I’m working with him myself. And I want to bring his insight to you.

Our Next Wealth Building Webinar

So join me on our next Wealth Building Webinar, at a different time this October because I will be traveling at National Tax Lien Association Symposium on the usual time. This month the Wealth Building Webinar will be on Tuesday, October 11 at 7pm Eastern Time/6pm Central/5pm Mountain/4pm Pacific. 

>>Register to join us live HERE<<

It’s free to come to the live training. and the training will be recorded for members of Wealth Building Webinars. Don’t miss any of the future Wealth Building Webinars! It’s only $49 per month to get all of the Wealth Building Webinar recordings including the archived recording from the last couple of years. And I don’t want you miss some of the future trainings on great topics like how to fire the IRS and keep more of the money you make in your business, how to get out of debt faster and be your own bank. And of course trainings on different aspects of tax lien and tax deed investing.

But that’s not all you get when you become a member of Wealth Building Webinars. You also get access to my Tax Lien Investing Basics course (a $297 value). This course was designed to help you with 2 things:

  1. Finding the best place for you to invest in tax liens and/or tax deeds
  2. Getting all the tax sale information you need to participate in the tax sale
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Investing For Success Saturday Snapshot

This is your Investing For Success Saturday Snapshot

Boy that’s mouthful, so for now on I’ll just refer to these Saturday messages as the Success Saturday Snapshot. In addition to the Investing For Success Saturday audio messages that I send out to subscribers and clients, I’ll post something here…

Investing For Success

Today I have a snapshot of a property report for a parcel in an upcoming tax sale in Vigo County Indiana. This should give you an idea of the type of properties you can find in tax lien sales in Indiana. But investors beware…Unless you know how to do your due diligence before you even look at these properties, you can still wind up with a dud. What do I mean?

Investing For Success Due Diligence

Before I even identified this property, I filter the tax sale list by property type and area. I filtered out the high crime cities. I filtered the list to show only the best places to invest in for that county. How did I do that?

It’s really very easy, and didn’t take much time at all. I used a couple of resources that make it easy to do. One is a paid data service that I make available to all of my clients. And the other is a free resource that anyone can use.

I use the free resource to find the best places to invest in counties that I’m not familiar with. And I use the resource that I pay for to filter the list, look at the tax sale properties, and get all the information I need to make a decision of whether to bid or not.

Information like:

  • Assessed value of the property
  • Market value of the property
  • Any environmental issues
  • Flood risk
  • Mortgage data

Plus I get to see the parcel on a google map with an outline of the property. And sometimes I even get a street view. If you’re buying property at a tax deed sale, this is just the beginning of proper due diligence. In that case, I recommend you physically look at the property. Or have someone look at it for you. But this is pretty good due diligence for tax lien sales.

Evaluating Tax Sale Properties Masterclass

If you would like to see the resources that I use filter the tax sale list. And the steps that I take to choose the right properties to bid on. Come to the Tax Sale Success Masterclass on Thursday September 22. I’ll be conducting a 90 minute Masterclass on Evaluating Tax Sale Properties from 7pm – 8:30 Eastern Time. It’s only $47 to attend live and have unlimited access to the recording and all materials – including a due diligence checklist.

Space is limited so register now at https://TaxLienLady.com/Investing-for-success-masterclass.

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