Monday Motivation

Posted on March 28, 2011 by Joanne

Here’s another motivational Pep-Talk from my friend Arnfried Klein-Werner of Be Motivated Today:

If It’s To Be, It’s Up To Me!

Don’t wait for others to work on your challenges. They won’t. They couldn’t care less. OK, not fair, I know. Some may really care. But the person who cares the most, is you.

Do something. Don’t let one more day go by without taking control and working towards a solution to your frustration. You can. You have the potential. You are not destined for frustration, but for success. Continue reading →

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Have You Heard About Hooked On Overages?

Posted on March 25, 2011 by Joanne

Hooked On Overages is the original course by my friend Rick Dawson on how to profit from finding people that are owed tax sale overages.

Let me explain…

When a property is sold in a tax deed sale, the price is bid up at the sale. The bidding may start at the back taxes and penalties, but it is bid up from there. Did you ever wonder what happens to the tax sale overage? That’s the money in excess of what is owed to the county. For example if the minimum bid amount is $2000, and the deed is bid up at the tax sale to $20,000, what happens to the $18,000 overage? Continue reading →

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City of Baltimore Tax Lien Sale

Posted on March 23, 2011 by Joanne

The City of Baltimore and the County of Baltimore have separate tax lien sales.

The City of Baltimore has an online tax sale every year and it is the only online tax sale for the state of Maryland.

Here’s some information about the tax sale that came to me right from the the online tax sale web site:

The City of Baltimore Tax Sale 2011 Properties Listing is now available on the City’s auction web site, www.BidBaltimore.com. All bidders who wish to participate in Tax Sale 2011 or the 2011 Assignment Sale must complete the registration process (including paying the Registration Fee) no later than Wednesday, May 11th. Bid submission will begin on Monday, May 16th and Tax Sale 2011 will close on Thursday, May 19th. Continue reading →

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Monday Motivation

Posted on March 21, 2011 by Joanne

This motivational pep-talk came from my friends at Be Motivated Today. Being an athlete myself, it hit home with me and I’d thought that I’d share it with you.

If you’d like to learn more about Roger Banister and the 4-minute mile read the book, The Perfect Mile by Neal Bascomb.

And if you’re a master athlete like I am (over 35) and want some more motivation read Age Is Just A Number by 3 time Olympian, Dara Tores.

Roger Banister and the 4-minute mile

In the 1950?s doctors said that it was physically impossible to run the mile in less than 4 minutes. They said that a human body could not endure the physical strain. The heart would literally explode out of the chest. That was the belief at the time. The limit was 4 minutes. The result: no one ran the mile in under 4 minutes. Continue reading →

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Answer To A General Question About Tax Lien Investing And A Question About Investing In Missouri

Posted on March 18, 2011 by Joanne

I had so many good questions this week that I wanted to also post the answers to these questions for you. The first is a general question about investing in tax liens and the second is a question that is specific to the state of Missouri.

Mike Asks:

“Is it realistic to purchase a lien with the expectation that you can own the property free n clear? Also would you buy a lien with out seeing the property first?”

Answer:

If you do get to foreclose on a tax lien, yes you will own the property free and clear (except for in states where you bid down the % ownership). The problem is that very few tax liens will not redeem and it is very seldom that you get to foreclose. Tax lien investing is not a good way to get properties. First of all you may have to buy hundreds of liens to actually get to foreclose on one and you have to wait out the redemption period before you can foreclose. In some states that could be 2 or 3 years. Tax lien investing is a way that you can make double digit returns on your money without the risk of the stock market. Continue reading →

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