Preparing For Your First Tax Sale

Posted on October 8, 2022 by Joanne

Are you preparing to go to your first tax sale? If you are, here is a 2 and half minute quick tip video to help you be prepared…


A few years ago, most of the tax sales that I attended were conducted live. I recommended my clients attend an auction before bidding at one. That way, they understood how the bidding works. And knew how much they would have to bid to be successful. You found out just how much money they need and whether or not it’s worth going to that tax sale. They also learned exactly what procedures to follow at the tax sale. That way they don’t miss a beat when they bid at the sale.

But today with all the tax sales that are online, attending the auction is not always necessary. I teach my coaching clients how to get the results of past tax sales, whether they are attending online or in person auctions. So that they can determine which tax sales are worth attending, how much money they’ll need to participate, and which type of properties to bid on.

Watch the Tax Lien Investing Quick Tip video above to find out more about preparing to go to a tax sale. And if you need more help in preparing to go to your first tax sale, check out my online training at http://Taxlienlady.com/book/digital-training.

This training goes over everything you need to know to be a successful tax lien or tax deed investor. Including:

  • How to find the best places to invest
  • Easily getting all the tax sale information you need – including the list
  • How to quickly evaluate tax sale properties and find the right ones to bid on
  • Preparing for the tax sale
  • Bidding at the tax sale
  • And protecting your investment and maximizing you return once you get some liens or deeds

And get some valuable bonuses (like 2 months of access to the Tax Lien Profits Accelerator™)!

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The Road To Financial Freedom

Posted on October 5, 2022 by Joanne

What does the road to financial freedom look like for you?

Here’s what it looks like for me…

  1. Paying off all consumer debt (I have a lot) and being debt free
  2. Contributing to my Infinite Banking life insurance policy so that I can be my own bank
  3. Investing in tax liens because they are not tied to the stock market, or the federal interest rate

Your road to financial freedom might look completely different than mine. It might look  something like this and have nothing to do with an infinite banking policy or tax lien investing…

  1. Both spouses working in full time jobs with good salaries and benefits
  2. Investing in long term and short term rental properties

Whatever your personal path to financial freedom is there are 2 things that will help you get there faster. And that is…

  1. Having the right mindset
  2. Operating within your Money DNA (i.e. the way that your mind is wired)

That’s why for our next Wealth Building Webinar, I’m bringing an expert to help with both of these things. In fact I refer to him as the Millionaire Maker, because quite frankly that is what he does. I believe in him so much that I’m working with him myself. And I want to bring his insight to you.

Our Next Wealth Building Webinar

So join me on our next Wealth Building Webinar, at a different time this October because I will be traveling at National Tax Lien Association Symposium on the usual time. This month the Wealth Building Webinar will be on Tuesday, October 11 at 7pm Eastern Time/6pm Central/5pm Mountain/4pm Pacific. 

>>Register to join us live HERE<<

It’s free to come to the live training. and the training will be recorded for members of Wealth Building Webinars. Don’t miss any of the future Wealth Building Webinars! It’s only $49 per month to get all of the Wealth Building Webinar recordings including the archived recording from the last couple of years. And I don’t want you miss some of the future trainings on great topics like how to fire the IRS and keep more of the money you make in your business, how to get out of debt faster and be your own bank. And of course trainings on different aspects of tax lien and tax deed investing.

But that’s not all you get when you become a member of Wealth Building Webinars. You also get access to my Tax Lien Investing Basics course (a $297 value). This course was designed to help you with 2 things:

  1. Finding the best place for you to invest in tax liens and/or tax deeds
  2. Getting all the tax sale information you need to participate in the tax sale
Posted in Tax Lien Investing | Comments Off on The Road To Financial Freedom

Investing For Success Saturday Snapshot

Posted on September 17, 2022 by Joanne

This is your Investing For Success Saturday Snapshot

Boy that’s mouthful, so for now on I’ll just refer to these Saturday messages as the Success Saturday Snapshot. In addition to the Investing For Success Saturday audio messages that I send out to subscribers and clients, I’ll post something here…

Investing For Success

Today I have a snapshot of a property report for a parcel in an upcoming tax sale in Vigo County Indiana. This should give you an idea of the type of properties you can find in tax lien sales in Indiana. But investors beware…Unless you know how to do your due diligence before you even look at these properties, you can still wind up with a dud. What do I mean?

Investing For Success Due Diligence

Before I even identified this property, I filter the tax sale list by property type and area. I filtered out the high crime cities. I filtered the list to show only the best places to invest in for that county. How did I do that?

It’s really very easy, and didn’t take much time at all. I used a couple of resources that make it easy to do. One is a paid data service that I make available to all of my clients. And the other is a free resource that anyone can use.

I use the free resource to find the best places to invest in counties that I’m not familiar with. And I use the resource that I pay for to filter the list, look at the tax sale properties, and get all the information I need to make a decision of whether to bid or not.

Information like:

  • Assessed value of the property
  • Market value of the property
  • Any environmental issues
  • Flood risk
  • Mortgage data

Plus I get to see the parcel on a google map with an outline of the property. And sometimes I even get a street view. If you’re buying property at a tax deed sale, this is just the beginning of proper due diligence. In that case, I recommend you physically look at the property. Or have someone look at it for you. But this is pretty good due diligence for tax lien sales.

Evaluating Tax Sale Properties Masterclass

If you would like to see the resources that I use filter the tax sale list. And the steps that I take to choose the right properties to bid on. Come to the Tax Sale Success Masterclass on Thursday September 22. I’ll be conducting a 90 minute Masterclass on Evaluating Tax Sale Properties from 7pm – 8:30 Eastern Time. It’s only $47 to attend live and have unlimited access to the recording and all materials – including a due diligence checklist.

Space is limited so register now at https://TaxLienLady.com/Investing-for-success-masterclass.

Posted in Tax Lien Investing | Comments Off on Investing For Success Saturday Snapshot

3 Things To Consider When Choosing Where To Invest In Tax Liens

Posted on August 24, 2022 by Joanne
bidding at the tax sale

How do you choose where to invest in tax liens or tax deeds?

Here are 3 things to keep in mind when you are choosing where to invest:

The first is that going to a tax sale is a better strategy than trying to purchase left over liens or deeds that are offered by the county.

I understand that in the past some tax lien investing experts recommended that you buy liens or deeds directly from the county and avoid the competition. And there are some experienced investors who do make money with this strategy today. But as more investors, funds, and banks have jumped into this market over the last 20 years, it has become even more competitive. So competitive that what is left over are the junk properties and in some areas, even those are bid on so that there is nothing left! In today’s market it’s a better strategy to go to the tax sale. And since online tax sales are more competitive than online tax sales, it’s best to attend a live tax sale if you can.

The second thing to keep in mind when deciding where to invest is where you live.

Since it is better if you can go to a live tax sale, what state do you live in and what type of tax sales do that have? Do they sell tax liens or tax deeds, or redeemable deeds? What is the bidding procedure and do they have live or online tax sales. If your state doesn’t have the type of tax sales that you want to bid at, do you live close to another state that does?

I live in Pennsylvania, which is a deed state, but invest mostly in tax liens and redeemable deeds. I also live really close to New Jersey which is a tax lien state. And though many of the sales are online in NJ, there still quite a few live tax sales. So most of the sales I participate in are in New Jersey.

The third thing to consider when choosing the right place to invest is how much money do you have to invest.

You need more money to invest in deeds and redeemable deeds than you do to invest in tax liens. That is because when you purchase a deed or redeemable deed you are bidding for the property and in competitive real estate markets, investors may bid pretty close to market value to get the deed. Even for tax liens there are some states that you will need more money than others. In states that bid premium for tax liens you will need more money than in states that use a different bidding method.

Posted in Tax Deed Investing, Tax Lien Investing | Comments Off on 3 Things To Consider When Choosing Where To Invest In Tax Liens

Want To Invest In Tax Liens – How Much Money Do You Really Need?

Posted on August 13, 2022 by Joanne
profit from your tax lien

How much money do you really need to invest in tax liens or tax deeds?

One of the most frequent questions I get about tax lien investing is “How much money do I need to invest in tax liens?”

How much money you need to invest in tax liens depends a few factors:

  • Where you live
  • Whether you are investing in tax liens or tax deeds
  • What type of bidding takes place at the tax sales you’ll be bidding at
  • And what your goals are

And it may be more than you think!

I know that some people think you can buy a tax lien for a couple hundred dollars and wind up with a house that is worth a couple of hundred thousand dollars. This is not really how it works, however.

The truth is that tax liens on good properties are going to be more than $200. In fact I don’t bid on tax liens that are less than that. And I make sure that I have enough money in reserve to pay another 2 or 3 years of taxes on the property. That is because in some states the redemption period might be 2 or 3 years and before you can foreclose on the property, you will have to pay the subsequent taxes.

When you buy a tax lien at the tax sale, you are paying previous years delinquent taxes. But there are now current taxes due on the property and there will taxes due during the redemption period. At some point before you can own the property, you will need to pay the subsequent taxes! And then you will either need to hire an attorney to foreclose the right to redeem the lien, or pay a fee to the county to receive the deed to the property.

So how much money do you really need to start investing in tax liens?

I used to recommend that you have at least $2000 to buy a tax lien. But that was 10 years ago when only 4 states had online tax lien sales. Today many tax lien states have their tax sales online, and many of them require deposits. Today, you need a budget of $10,000 for some of these online tax sales.

Also if you are buying deeds and not liens you may need a lot more. At tax deed sales and redeemable deed sales the bidding might start at the back taxes and penalties owed the county. But it is bid up from there. And since investors are bidding for the property, the bidding can go quite high. For these tax sales you will need more money, depending on what state you are bidding in, what the economy is like at the time, and what type of property you are after.

Need help getting started?

Have money to invest but need help getting started? Want to make sure that you bid on the right properties and don’t make mistakes that could cost you? Working with someone who can mentor you could mean the difference making or losing money on your investment. I can help you find the best places to invest, easily get the tax sale information, and find the right properties to bid on. To schedule a complimentary Profit Planning session with me to find out how I can help you. Just fill in the form at https://taxlienlady.com/mentoring-application.

Posted in Tax Deed Investing, Tax Lien Investing, tax sales | Comments Off on Want To Invest In Tax Liens – How Much Money Do You Really Need?