Here are the answers to some recent questions about tax lien investing.

Are any of these questions yours?

Question: My question is on the subject of paying subsequent taxes in New Jersey. I am concerned with the process of using affidavits because I’m aware without certain proof your lien can be invalid.

Answer: The only way your lien is invalid is if your don’t record it or if you wait longer than the 20 year expiration period to foreclose on a non-performing lien. And the only way that you won’t get paid on your subsequent payments is if you don’t send an affidavit with the payment. Most tax collectors will not even accept a subsequent tax payment without a written affidavit. You simply send in an affidavit with your tax payment, it usually doesn’t haven’t have to be notarized. I have examples of affidavits in my home study course and in the members area for members.

Question: I have a Tax Lien, the owner is deceased, there are 4 heirs and 1 attorney. who handled estate. Do I name each heir and attorney separately on separate letters of intent addressed to them individually? or do I name all 5 on one letter and mail to each one individually?

Answer: This is just my opinion, I’m not an attorney and I don’t know what state your lien is in, but I would name each heir and the attorney on one letter and send copies out to each. If you do not get an answer, then it’s time to hire an attorney.

Question: I have attended your webinars, received info from you or  your affiliates via email and understand that you have an excellent tax lien training system. However, due to time constraints and other issues, I am looking for a company that performs the required due diligence, purchases the tax liens and then offers them for sale. Does your company do the above.  If not, based on your experience in the business, do know of a reputable company that does?

Answer: I do know of a tax lien investing agent that will take care of everything for you from doing the due diligence and bidding at the sale to selling the lien if that is your objective. There is a form that you can fill out on my site at www.taxlienlady.com/PIPWest/Contact_Form.html  to have them contact you. They invest in Illinois and have averaged a 30% return for their clients (before fees) for the last few years. If someone doesn’t get back to you right away let me know and I’ll send them a friendly reminder. They can discuss with you how they operate and what their fees are.

There is also another alternative and that is to invest with a tax lien fund. Both the agent and the fund have a minimum investment of $25,000. You can get more information about the fund on this blog at https://taxlieninvestingtips.com/?p=2613. Do not delay in contacting them if you’re interested because this is a private fund that will not be open to new investors for very long. Besides a minimum investment of $25,000 you do have a 6 year commitment with the fund, in that you cannot get your money out without a penalty until the fund closes and returns all the money to investors (with interest earned) – which is about 6 years. You can find out more about the fund by filling out the form at https://taxlieninvestingtips.com/?p=2613.

Important Disclaimer: This information is for educational purposes only. I am not a CPA, Financial Consultant, or an Attorney. If you need legal or professional advice you need to seek out the council of a professional in the state that you are investing in.