Online Tax Lien Sales: Avoiding The Competition

 

Depreciation of the percentThe Arizona online tax lien sales are done for this year. If you’ve participated in any of these online auctions you know that the bidding has reached new lows. All of the decent properties were bid at under 5% and in some counties under 3% (ouch)! Most of the Arizona counties are very attractive to institutional buyers, perhaps because most of the counties in Arizona will allow only one tax lien certificate to be sold on any property. That means that if you purchase a tax lien, and the subsequent taxes go unpaid, your lien will be sold with the current lien in next year’s tax sale. Why is this attractive to institutions? Because they know they will get paid, they don’t even have to wait out the redemption period. They only need to wait until the following year’s tax sale. 

So what’s an investor that wants to get double digit interest on his or her money to do? The answer is that in some states you can buy the left over liens directly from the county and get the statutory or maximum interest rate. These liens are sometimes referred to as ‘over-the-counter’ liens because of the way they are sold. They are sold over the counter instead of at auction. Investors can sometimes purchase them online or through the mail. 

In the past I have not been a proponent of buying ‘over-the-counter’ or left-over liens. This is because the tax sales are so competitive that not many good properties get on the leftover list. Finding the good properties amongst all of the junk left over is like trying to find a needle in a haystack. It takes a lot of work and is better left to investors who are experienced in researching tax sale properties. 

My opinion has changed on this now that I have access to the Automated Research Assistant (RA). The RA is a software tool that allows you to easily get all the county and property information on all of the parcels on a tax sale list. And my new friends and partners at Fortris LLC get those OTC lists and make them available on their web site. In fact I love their Automated Research Assistant and their database so much that I’m making it available to members of the Tax Lien Profits Accelerator™. 

I’m teaming up with Corey Taylor and Tom DiAgostino from Fortris and we’re taking a small group of investors on an Over-The-Counter Tax Lien Buying Party in Arizona. We have less than 20 spots available. If you’d like to find out more about OTC liens and about our Buying Party/Bus Trip in the Phoenix Arizona area,  CLICK HERE to listen to this teleseminar that I did with Tom on “OTC Liens And Deeds, Are They Deals Or Duds.”

Want to secure your spot for our Arizona Purchase Party and Workshop? Go To www.TaxLienLady.myquickcheckout.com.

 

 

About Joanne

Joanne Musa is known online as the Tax Lien Lady. She helps people who want to invest their money profitably in tax liens and tax deeds and get high returns on their money without the typical risks of real estate investing or the uncertainty of the stock market. Get your free special report on "7 Steps to Building Your Profitable Tax Lien Portfolio" by Clicking Here.
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