New Jersey Tax Sales And Prior Liens

Last week I went to a tax sale in New Jersey. I really don’t attend to many tax sale anymore for 2 reasons, one is that I do half of my investing in a tax lien investing fund, with money from my self-directed IRA. The other reason that I don’t have to go to many tax sales these days is that I continue to pay subsequent taxes on the liens that I have acquired over the last few years.

Even though the redemption period is only 2 years in New Jersey, the lien does not expire for 20 years. So if you have a good lien, that you know will eventually pay off, you can continue to pay the subsequent taxes and get the maximum rate on your these payments, which is 18%. There’s only one problem, for the smaller liens that are less than $1500, you only get 8% on the subsequent tax payments until the total delinquent amount is $1500. Continue reading

Posted in tax sales, Utility Liens | 2 Comments

Monday Motivation

I have 2 inspiring messages for you this week from my friends at Be Motivated Today. The first message is about keeping your dream alive and the second is a poem entitled “Don’t Quit.”

Your Dream Will Do It!

It is your dream of a better future, of financial success that will give you the strength to push on when you want to quit.

In the last two centuries thousands of men and women have faced long hard struggles to achieve success. Helen Keller, Thomas Edison, Henry Ford, Mother Teresa, Bill Gates, and many more. They worked tirelessly and persevered when others criticized and laughed.

Where did they get the strength? From their dreams. They had a dream and that dream sustained them through it all.

They kept this dream alive by thinking about it often, believing that they would achieve it. They nurtured the dream, when others made fun of it. They let it become an all-consuming force that would not allow them to quit.

Is your dream growing every day? Keep thinking about why you are trying to create wealth. Keep reminding yourself of the lifestyle you will enjoy. Let your dream push you when everything is trying to get you to stop.

Don’t Quit

When things go wrong as they sometimes will,
when the road your on seems all uphill,
When the funds are low and the debts are high,
When you want to smile but you have to sigh.

When care is pressing you down a bit, –
Rest if you must but don?t you quit.
Life is queer with its twists and turns,
As Every one of us sometimes learns.
And many a failure turns about,
When he might have one, had he stuck it out

Don?t give up though the pace seems slow,
You may succeed with another blow.
Success is failure turned inside out ?
The silver tint on the clouds of doubt.

And you never can tell how close you are
It may be near when it seems so far.
So stick to the fight when you?re hardest hit
It?s when things seem worst
that you must not quit.

Author Unknown

Affirmations:
I never quit
I just press on
I am tough

Want to receive these encouraging and inspiring emails?
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 | Comments Off on Monday Motivation

Answers To Your Questions

Every week I get questions from subscribers. Here are the answers to a couple of questions that I’ve gotten this past week. Both of these questions were about investing in Texas Redeemable Tax Deeds.

Help with over the counter deeds in Texas

Question from Nmamdi: I really want to invest in over the counter deeds in Texas. ?I have some money that I want to put down but I’m having problems doing research on the properties. First of all, since I live in Washington State, I can’t physically go to the property. Secondly, I can’t make sense of the information I get from the county websites. ? Please help! Continue reading

Posted in Answering Questions, redeemable tax deeds | 3 Comments

The Top 5 States For Tax Lien Investing

Want to know which are the top 5 states for tax lien investing?

One question that I get frequently from subscribers to my TaxLienLady.com website is “Where is the best place to invest in tax liens?” So here are what I consider to be the top 5 states for tax lien investing.

Texas

Texas is actually not tax lien state, but a redeemable deed state. The nice thing about purchasing a redeemable deed though, is that you get a penalty when the deed redeems, not an annualized interest rate as you do with liens. This means that it doesn’t matter when the deed redeems, you get the full penalty, not a fraction thereof. And in Texas the penalty is 25% in the first 6 months, 50% in the first year. So if the deed redeems in the first 6 months you get 25 percent on your money and if it redeems in the first year you get 50 percent on your money. Continue reading

Posted in redeemable tax deeds, Tax Lien Investing | 9 Comments

Answer About Due Diligence for Florida Tax Liens

This is an answer to a question from Carol about doing due diligence for Florida tax liens.

Question: I’m looking to invest in tax liens in Florida. I was wondering how you can find out what judgements are attached to the property? Continue reading

Posted in Answering Questions, Due Diligence, Tax Lien Investing | 2 Comments