Monday Motivation: Why Do Some People Quit So Easily?

Posted on October 10, 2011 by Joanne

Here’s another message from my Friend Arnfried Klein-Werner from Be Motivated Today:

One of the reasons why some people quit easily, is because they don’t see themselves as Winners and Achievers. Because of trials and struggles, some people actually believe that they were born to fail.

Here’s a true story:
A man, on holiday in London, walked past a tattoo store and saw a tattoo that read ?Born to lose?. He could not believe that anybody would have such a statement tattooed on their body. So he went inside to ask the owner of the shop about it. The owner, a Chinese man, said that people actually do have that tattooed on their bodies. ?Why? responded the man? The Chinese man answered: ?Before tattoo on body, tattoo on mind?

To help you persevere at anything, you need to develop your success beliefs. Keep telling yourself that you are a success in every area of your life! Continue reading →

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Answers To Your Questions

Posted on October 5, 2011 by Joanne

Here’s a recent question that I got from Mark in Ohio:

I just was curious to see what your thoughts were on what to do with the $8k?I have left in my IRA/llc I bought a rental with the other $17k and this part is just sitting there. I thought about doing a small loan but also about buying tax liens.?Any thoughts? I have never bought them before but have always been interested. I?live in Ohio. Continue reading →

Posted in Online Investing, Tax Deed Investing, Tax Lien Investing | 2 Comments

When NOT To Buy A Tax Lien Certificate

Posted on October 3, 2011 by Joanne

Recently someone contacted me with a very “valuable”  lien that they had for sale. They didn’t have the money to foreclose on the lien and wanted either to sell it or partner with someone on foreclosing it. (Have someone else hire a lawyer to foreclose on the lien and share in the profits). When I checked into the property, I found out that it was a vacant piece of land with little value, and the lien holder had already invested more than $16,000.00 into this lien. They had paid subsequent taxes over a few years and when they stopped paying the taxes the lien was struck off to the municipality.

Because this was not a good property the municipality never foreclosed the lien as well. The original lien was purchased back in 1993. The municipality picked up the lien in 1997 and the back taxes owed on this property now are probably more than the property is worth. I had to give her the bad news that her lien is not worth foreclosing on and she won’t be able to sell it. If she only knew when NOT to buy a tax lien, this bad investment would have been avoided.

So here is a list for you of a few reasons not to buy a tax lien. Be sure check the items on this list for tax sale properties before you purchase a tax lien certificate on the property and you’ll avoid taking an unnecessary risk with your money. Continue reading →

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Monday Motivation: How Confident Are You?

Posted on September 26, 2011 by Joanne

Here’s?an audio clip from my friend Arnfried Klein-Werner from Be Motivated Today on how you can develop more confidence by improving your self-image.
You can hear it at http://www.bemotivatedtoday.com/content.asp?pageId=165&refcode=71058

Enjoy!

Joanne

Want to receive e-mails with?encouraging and inspiring messages like this each day?

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 Tax Lien Investing | Comments Off on Monday Motivation: How Confident Are You?

Answers To Your Questions

Posted on September 23, 2011 by Joanne

Here’s a question that I got a couple of weeks ago?and I thought it might be helpful for everyone to post the answer to here. This questions was from someone that had limited money and is somewhat disabled, and they asked a question that I think is on a the mind of a lot of people. I often get this question from individuals who have been recently laid off, or who have been without a job for a while.

The question is: “Is it worth it to start investing in tax liens with just a little bit of money, and build up from there?”

My answer to this questions is a whole hearted “YES it is, that’s how I got started.”

Recently I had a lien redeem. It was actually 2 separate liens on one property. I purchased the first lien back in December of 2002. That was the year that I started investing in tax liens. The amount of the lien was $444.62, and I paid $30 to record the lien. The following year I purchased another lien on the same property for $457.48, I paid another $412.88, a $40 recoding fee. Then I continued to pay the subsequent taxes of around $500 per year through 2008. Continue reading →

Posted in Answering Questions, Tax Lien Investing | 3 Comments