How To Beat The Competition At Tax Sales

Posted on November 7, 2011 by Joanne

How Can You Beat the Competition at Tax Sales?

If you’ve been to any tax sales lately, online or offline, you know that the competition is pretty stiff and that the institutional buyers are making it more difficult for the individual investors to win any good liens. Remember the old saying “if you can’t beat ’em, join ’em?” One way that you can beat the competition from fund companies at the tax lien sales is instead of bidding against the big companies — join one.

The Fund Advantage

The bigger players have a huge advantage over the little investor, especially at the online auctions. Some of the online auctions allow bidders to have sub-accounts. But you must have a tax ID number for each sub-account. That means that these huge funds can use the social security numbers of all of their members and have hundreds, or even thousands of bids on one property. If there are many bids all at the same lowest percentage bid, the winner is chosen randomly. By having a number of bids in at the lowest rate they are willing to accept, the institutional buyers increase their chances of winning the bid – especially compared to the individual investor who doesn’t have any sub-accounts. So instead of competing with these companies, why not give one of them your money and share in the profits?

That is essentially what you do when you buy shares of tax lien investing fund. The problem though, with the larger tax lien investing funds is twofold. First they usually have a very large minimum investment $50,000 – $100,000, and secondly, their management fees can also be quite large, thus cutting into your rate of return.

 Private Investment Funds

Four years ago I stumbled onto a private tax lien investing Fund Company. This company is small enough that it doesn’t have a huge minimum investment or inflated fees. But they do have a proven track record. I started investing with them in 2008 and then I investing in another one of their funds in 2010. And I’ve been recommending them to my members and tax lien coaching clients. They have a new fund offering around once a year.

Each new fund is capped at 2.5 million dollars. That means that once they reach that amount the fund will be closed to any new investors. But that’s not all, there is also a closing date for the fund, even if they don’t reach their maximum capital investment amount, the manager will close the fund to new investors on after the fund closing date.

It has a total investment horizon of 5-6 years with targeted double digit annualized returns over the life cycle of the fund. There are a limited number of unaccredited investors spots (35) available on a first come, first served basis once the fund is opened.

Members of Tax Lien Lady’s Members Area are the first to find out when a new fund is open. If you would like to find out more about Tax Lien Lady’s Members Area and the other advantages to joining, go to www.TaxLienLady.com/MembershipMain.htm.

Posted in Tax Lien Investing | Tagged , , | 6 Comments

Hidden Tax Sale Cash

Posted on November 2, 2011 by Joanne

I just listened to Jack Bosch’s Hidden Tax Sale Cash webinar and I was impressed by Jack, yet again. I thought that I wouldn’t learn anything new. After all I have his Land Profit Formula and His Land Profit Generator course, and I already have a course of my own on this strategy so I didn’t think I would be too impressed. I was wrong!

Jack has included so much in this course, that I just had to buy it myself. And I’ve got to tell you that I really enjoyed the training, even though the strategy wasn’t new to me. Jack has a great way of explaining things so that you really understand the process. He breaks it down into 5 simple steps and gives you all the resources you need to do EVERYTHING — even a VA to do all the work for you for the first 30 days! You just can’t fail!

After listening to Jack’s free webinar, now I know what all the buzz is about and I’m excited. In the past I didn’t pursue this strategy myself because I thought that I didn’t have the time. But now Jack has me excited about using his secret strategy for Hidden Tax Sale Cash to generate more income.

And the great thing about it is that the more competitive the tax sale is, the more money you make at this. And I don’t know if you’ve noticed but it’s getting tougher to get properties for pennies on the dollar at tax deed sales lately. Hidden Tax Sale Cash is a better way profit from tax sales without bidding at the sale, and without having to sell any properties.

You can register for another one of Jack’s free trainings at www.taxlienlady.com/taxsalecash

Posted in Excess Proceeds, tax deeds, tax sales, Wealth Building | Tagged , , | Comments Off on Hidden Tax Sale Cash

Monday Motivation: Got Friends?

Posted on October 31, 2011 by Joanne

Tell A Friend About Your Goals

To help you stay more motivated about your goals, choose a friend that will encourage you to keep working towards them. If that friend also has some goals, even better. Make a commitment to chat with her/him regularly about your progress.

Plan to meet for coffee or breakfast once a month to encourage each other, evaluate each other’s plans and challenge each other when one of you gets lazy. We all need a motivating boot from behind, so-to-speak, every so often – FROM A FRIEND. This will keep you on track, keep you motivated, creative and ensure that you reach those goals sooner, rather than never. You will also receive an objective perspective from such a friend.

Who are friends that you could approach?

Plan to speak to them in the next 5 days.

Affirmations:
I have friends who encourage me to reach my goals
I have plans for my goals
I share my goals with people I trust

Be all you can be.

From Arnfried Klein-Werner
Motivator & CEO – Be Motivated Today

Want to receive encouraging and inspiring emails like this?
Register for a 14-day FR’EE Trial of the Daily PEP-Talk at http://www.BeMotivatedToday.com/71058. Watch a short video and download an e-book on releasing your potential and a report on a unique way to help you create a passive income that actually works. Visit http://www.BeMotivatedToday.com/71058.

Posted in motivation, Success | Tagged , , | Comments Off on Monday Motivation: Got Friends?

Industry Update – News About Programs And Professionals Related To The Tax Lien Investing Industry

Posted on October 28, 2011 by Joanne

If you got a chance to watch my latest webinar “Tax Lien Investing 101: 4 Strategies To Massive Profit From Tax Sales” then you know that one problem that new investors have is not having money to invest. Tax lien investing is “investing” after all and is not a job or get rich quick scheme. There are ways however to make money from tax sales with a very small investment. These strategies are more like a job than investing in that they will require little money but more of your time. Both of these strategies deal with excess proceeds or tax sale overages and there has been some buzz about both of these methods lately as well as a couple of new courses that you may have heard about. Here’s my take on them:

Tax Sale Arbitrage

A few subscribers have asked me about Tax Sale Arbitrage. This is a new course from Stacy Kellems on how to find people that are owed unclaimed tax sale overages and negotiate a commission for?getting ?them their money. Before you go out and buy this course, you should know that Mr. Kellems is being sued by Rick Dawson, the creator of the very successful Hooked On Overages course. Mr. Kellems purchased the Hooked On Overages course and a year later wrote his own almost identical training. If you are interested in learning this strategy I would not purchase the Tax Sale Arbitrage course from a real estate guru who has only been doing this strategy for a little over a year. I would go directly to the source and get the Hooked On Overages course from Rick, who’s been an expert at this particular strategy for years now.

If you’d like to learn more about Hooked On Overages, just type that into the search box and go to the post “Have You Heard About Hooked On Overages” on this blog. You’ll see all of the questions that people have left in the comments and you’ll see Rick’s answers there as well. You’ll also find a link to the replay of a webinar that I did with Rick a few months ago. If you’d like to get the special offer that was mentioned in the webinar, where you can get his course at the deeply discounted price of $579 then go to www.TaxLienLady.com/taxsaleoverages.

Hidden Tax Sale Cash

Hidden Tax Sale Cash is brand new course from Jack Bosch based on the strategy for making money from the excess proceeds ?on tax sale properties without ever going to the tax sale.?It is the same strategy as the Tax Foreclosure Fortunes?course that I created 3 years ago. The Tax Foreclosure Fortunes course was created when I interviewed investor Cody Matousek and made some of his resources available with the?recording from?the teleseminar. This is a basic course that is a good introduction to this strategy.

Knowing Jack, his course will be more in depth with more resources than the Tax Foreclosure Fortunes course. I have another one of his courses so I know that Hidden Tax Sale Cash will be good. I also know that while he launches his new course he’ll be giving away a lot of information. Right now you can sign up for his next free webinar about this strategy at www.TaxLienLady.com/taxsalecash. So here’s what you can do now, sign up for Jack’s free webinar and find out what all the buzz is about!

Happy and Prosperous Investing,

Joanne

Posted in Courses, tax sales, Wealth Building | Tagged , , , , | Comments Off on Industry Update – News About Programs And Professionals Related To The Tax Lien Investing Industry

New Jersey Tax Sale Update

Posted on October 26, 2011 by Debby

I haven’t been to any tax sales in a while, but I did go one tax sale in New Jersey last month and two this week. Besides experiencing these tax sales, I also had the opportunity to talk to other investors that I know and find out what’s been going on in New Jersey and I’d like to share that information with you. New Jersey tax lien investing has changed in the past couple of years.

There have always been a few institutional investors that have made it difficult for the individual investors to get the larger (and more profitable) tax liens. And investors like me have developed strategies to profit from bidding on the liens that the institutional buyers have stayed away from in the past. But this is changing, or should I say, it has already changed.

Some of the old companies have dropped out of the game, but new ones have come in to fill the void. So while the last 5 years have been good for the individual investors, this has changed in the last year and a half. These new companies are now bidding on anything that is profitable, leaving nothing for the individual investor. Some of them will bid not only the larger liens, but even on the small utility liens, and others will bid on vacant land, bidding premium to get the lien.

Out of the two tax sales that I went to this week, I was only able to get two utility liens, and that was because the bidder for one of these companies arrived late and missed the tax sale. That was a lucky break for me and the other two individual bidders at the sale. We each got a couple of tax liens at 18% or close to it. But at the other tax sale that I went to, I was not able to get a thing and the bidders that did get small utility liens got them at 0% or at premium.

I want you to be aware of what the trend is in New Jersey because this will have an effect on the profitability of your tax lien investing. Regardless of what you see other investors do, it does not make sense to bid premium on utility liens unless there are unpaid taxes that you can add to your lien. You’ll also find that the more affluent and popular an area is, and the more liens that are available, the tougher the competition will be. The larger liens will draw all the institutional investors to the tax sale. That’s why I stick with the smaller tax sales in rural areas that are not too far from my home. It’s one thing to drive 30 minutes or an hour to a tax sale and not be able to buy any liens then it is to drive two hours to the tax sale and kill most of your day and come away empty.

Posted in Tax Lien Investing, tax sales | Tagged , | 3 Comments