Monday Motivation

Posted on July 17, 2011 by Joanne

Your Life Is A Reflection Of You

A son and his father were walking on the mountains. Suddenly, his son falls, hurts himself and screams: “AAAhhhhhhhhhhh!!!” To his surprise, he hears the voice repeating, somewhere in the mountain: “AAAhhhhhhhhhhh!!!” Curious, he yells: “Who are you?” He receives the answer: “Who are you?” And then he screams to the mountain: “Answer me!” The voice answers: “Answer me!” Angered at the response, he screams: “Coward!” He receives the answer: “Coward!” He looks to his father and asks: “What’s going on?” The father smiles and says: “My son, pay attention.” Again the man screams: “You are a champion!”? The voice answers: “You are a champion!”

The boy is surprised, but does not understand. Then the father explains: “People call this ECHO, but really this is LIFE. It gives you back everything you say or do. Our life is simply a reflection of our actions. If you want more love in the world, create more love in your heart. If you want more competence in your team, improve your competence. This relationship applies to everything, in all aspects of life. Life will give you back everything you have given to it.”
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YOUR LIFE IS NOT A COINCIDENCE. IT’S A REFLECTION OF YOU!
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Affirmations:
I love people
I love to serve others
I make a real difference

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Buy Tax Deeds and Tax Liens Without Going To The Tax Sale

Posted on July 15, 2011 by Joanne

Want to know how you can buy tax liens and tax deeds without attending the tax sale?

That’s one of the advanced strategies to tax lien investing that I teach in the new tax lien investing course “More Profit From Tax Liens.”

One way that you get your tax liens at the maximum interest rate, without bidding down the interest is to participate in the county held tax sales. The problem with buying these left-over liens though is that there aren’t a lot of good liens left after the tax sale. The secret to getting good deals is to get the list of county held liens as soon as it’s available and to put your bids in for these properties as soon as you can, before all the good properties are taken. The good news is that some of these sales are online and you can purchase these liens without having to leave home.

What about tax deeds? Most of the online tax deed sales are just so competitive that it’s tough to get a good deal. And there’s usually nothing good left over at the online deed sales. But there are a couple of tax deed states that don’t have online tax sales, but do allow mail in bids at their auctions. And there are some tax deed states where you have to show up in person to the tax deed sale, but you can purchase the “over-the-counter” deeds by mail.

Learn more about these advanced strategies for tax lien and tax deed investing in the More Profit From Tax Liens course.

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Monthly Motivation: Words Can Make You Quit

Posted on July 12, 2011 by Joanne

What we say can slow us down and even make us quit.? How often do we say: ?I can?t? and then 1 hr, one day or one month later we’ve done it? Why say what is not true? It just slows you down because you respond to your words.

Things like:
?This business is not working?
?I can?t go on like this?
“I don?t know what I?m going to do?
?This looks impossible?

“The people who change the world are people who have taken impossible out of their dictionaries.” ? Myles Munroe

Do you want to change your income, your marriage, your level of happiness? Then take that word out of your vocabulary. Everything is possible!!

It may mean hard work and effort but it?s?NOT?TOO difficult.

Don?t let your words slow you down or make you quit.

Affirmations:
I never quit
I persevere until I succeed
I finish what I start

Be all you can be.

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.

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Proposed Tax Lien Legislation

Posted on July 9, 2011 by Joanne

A new legislative proposal in New Jersey could eliminate?the tax lien investors from the tax sale process.

There is a legislative proposal in the New Jersey State Legislature that would end tax lien investing in the state as we know it. The proposed legislation would give municipalities the option to do away with tax lien sales and take over the tax lien. In addition to taking over the lien they would also foreclose the property and own it if the lien is not redeemed within the 2 year redemption period. With this system the municipality would fund tax receivables with a short-term bond or note.

Tax Lien Lady’s Comments On The Proposed Legislation:

Although this is alarming to the tax lien investor because it would do away with tax sales in New Jersey, I think that it would also be bad for New Jersey homeowners and taxing district in New Jersey as well. It would be bad for property owners because without the interest rate being bid down at the tax sale, they will always have to pay the maximum interest rate on their delinquent taxes (18%).? And it is not so good for the municipality because I believe it will take them longer to get the delinquent tax money needed to make their budget.

If this legislation is passed, it does not mean that each municipality has to do away with tax sales. It simply gives them the option to do so. I am hoping that the bill does not pass because I don’t see the benefit here to anyone. If it does pass I hope that most municipalities in New Jersey see the folly of doing away with the tax lien auctions, and do not adapt it, but keep things as they are.

There is one very big problem I see with this legislation. If a municipality has a lot of unsellable property that is delinquent and they take the liens to these properties, selling a bond??to pay the delinquent taxes on these properties, and they eventually foreclose the liens and take possession of the properties.???Who will pay the?interest and the principal on that bond? Where will the money come from?

I am not an attorney nor am I a financial expert, but does anyone else see a problem with this? Most states either sell the tax lien or the tax deed to get the money from their delinquent tax roll. Is anyone familiar with a state that does not do this – that takes over the properties and then either keeps them or resells them? And how is that working?

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Tax Lien Investing Q & A: Types Of Properties To Avoid Bidding On

Posted on July 6, 2011 by Joanne

Question: “Does it really matter what kind of property you purchase a tax lien on if you are only in it for the interest and don’t want to own the property”

Answer: Yes it does matter since regardless of what anyone tells you, you are not guaranteed to get paid on your tax liens. What’s guaranteed by the county is the rate that you will get if the lien is redeemed, but there is no guarantee that the lien will be redeemed. Your guarantee is the property, therefore the property has to be of value. As long as there is value to the property and you would be able to sell it for quite bit more than the taxes and foreclosure costs that you may have to pay if the lien is not redeemed it really doesn’t matter what type of property it is. But you don’t want to buy liens on property that you would have a hard time selling if you did wind up foreclosing on the property. Continue reading →

Posted in Answering Questions, Due Diligence, Tax Lien Investing | 4 Comments