Monday Motivation: How Do You See Your Strengths?

Posted on October 24, 2011 by Joanne

Here’s another motivational message to start off your week from my friend Arnfried at Be Motivated Today:

When it comes to the way we see ourselves, we often take our skills, abilities and strengths, for granted.

For example: There are a whole lot of things that you can do and are really good at, whether in your work, sport, hobbies, social skills or anything else. Sure, others may have similar abilities or skills. But that is not the point. The point is that you have them too. You have acquired a lot of skills. It took time. You may have had to work hard on developing some of them. Feel good about what you can do. It is not ?nothing?. These are things that you can do and there are many people who can’t. And even if there were many people who could do them, that puts you right there in their company. There are people you respect and admire that do not even have your skills or abilities.

Don’t minimize these. You can be proud of your skills, abilities and strengths!

Affirmations:
I have excellent skills, abilities and strengths
I feel good about myself
I am in great company

Be all you can be, Joanne.
With Fond Regards

Arnfried Klein-Werner
Motivator & CEO – Be Motivated Today

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Colorado Online Tax Lien Sales

Posted on October 21, 2011 by Joanne

Fall is the season for the tax lien sales in Colorado. 

Did you know that 12 of the Colorado counties have their tax sale online?

These tax sales are different from other online tax sales. In Colorado premium is paid for tax liens. That means that the interest rate is not bid down. Instead an amount is bid over and above the lien amount, that the investor is willing to pay in order to get the lien. So if you are the successful bidder you will pay the premium amount that you bid plus the amount of the lien. No interest is paid on the premium amount and the premium is not returned to the investor when the lien redeems. So the premium paid will effectively lower the amount of interest that the investor will get when the lien redeems. Continue reading →

Posted in Online Investing, Tax Lien Investing | 2 Comments

Monday Motivation

Posted on October 17, 2011 by Joanne

Another motivational message to start of your week from my friend Arnfried from Be Motivated Today:

I was 26 when I started looking at ways of creating passive in.come. The ‘bug’ bit me and although I struggled for more than 13 years and still need to work every day, I am just a few short years away from earning a decent passive in.come. I could have quit along the way. I could have told myself that passive in.come, and the freedom it provides, is just for a select few. But I believed that I too could enjoy this dream. I persevered. I studied, I invested, thousands. I went into great debt to create the system that now helps thousands of people earn a passive in.come. I persevered. Continue reading →

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Guest Article: Tax Lien Strategy

Posted on October 17, 2011 by Joanne

WHAT’S YOUR TAX SALE MOTIVATION?

by Gilbert Bennett, Proprietor
GBENNETT 3 INVESTMENTS LLC
www.gbennett3.com

My Tax Lien Sale Background

I’ve been investing in Tax Lien Sales in New Orleans for 3 years now. I’ve purchased different types of Tax Liens; Tax Liens on occupied residential property, Tax Liens on office condos, Tax Liens on vacant commercial property, and Tax Liens on blighted abandoned residential property. I’ve studied the Louisiana Tax Lien Statutes; I’ve spoken and networked with many other Tax Lien investors and multiple lawyers who handle the title work necessary to quiet a Tax Lien Title. And I’ve conveyed all of this to let you know the following: before deciding on investing in a Tax Lien Sale you must decide on a tax lien strategy.

Tax Lien Sale Strategy

Over the past 2 months, The City of New Orleans has held 2 online tax sales; leading up to these sales, my website started getting more hits, and I started getting more calls and emails from people with questions about how they should go about investing in the tax liens; questions like…what would you do? My answers were really quite consistent regardless of who I was speaking; You need to have a strategy in place to help you accomplish your goal, and to develop that strategy, you need to have a Goal or a Motivation for investing in mind. I’ve dealt with investors in the past who want to sell liens that are matured, but they aren?’ interested in actually taking title; they just want the interest and penalties they were entitled to through the sale; they were looking for a return. And I’ve dealt with lots of frustrated investors who are unhappy because all of their beautiful properties they thought they’d acquire through the liens have been redeemed before the redemption period expires. Once I find out more from these investors, I understand why they weren’t investing thoughtfully; they weren’t strategizing to accomplish their goals. Continue reading →

Posted in motivation, Online Investing, Tax Lien Investing | 4 Comments

Getting Tax Lien Redemptions

Posted on October 14, 2011 by Joanne

I just love it when I get checks in the mail from my tax lien redemptions. But what do you do when your liens don’t redeem and the redemption period is over? This is somewhat state specific because some states don’t give you much time to foreclose once the redemption period is over. You may only have 6 months after the redemption period before the lien expires, in those states you will have to start the foreclosure or deed application process right away and hope for the best.

But in states where tax liens have longer expiration periods there are things that you can do to maximize your return on your investment and get paid when you want to. Since I invest in a state that has a 2 year redemption period and a 20 year expiration period, I can let my liens go way past the redemption period and not worry about losing my investment as long as I pay the subsequent taxes. In fact the more I let the lien ride and pay my subsequent taxes, the more money I’ll make. But there comes a time when I have more money into the lien than I want to have. I don’t want the redemption amount to approach the value of the property; I don’t want it to come close to half the value of the property. I don’t want it to be more than 25% of what the property is worth. Continue reading →

Posted in Tax Lien Investing | Tagged , , | 4 Comments