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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Answers To More of Your Questions About New Jersey

Posted on March 18, 2011 by Joanne

I received some great questions this week about tax lien investing in New Jersey, and I thought I’d post the answers here so that everyone can benefit from these questions.

Heidi Asked:

“I went to a tax lien sale in New Jersey last year that had many lots in a subdivision. What cautions should I have about tax lien of subdivision lots?

Do you feel subdivision lots would be a good tax lien investment?

I think the construction was at a standstill due to developer fiances….which made me question, if the developer went bankrupt? and I was a lien holder on lots owned by him, how would my investment be affected?

I also feel the lots are assessed way too high, so at what point would it not make sense to keep paying subsequent taxes, because what the lots are worth could be close to equaling what a tax lien could equal after many years?”

Answer: Continue reading →

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More Done For You Tax Lien Investing

Posted on March 15, 2011 by Joanne

In a previous article, “Done for You Tax Lien Investing,” I discussed two ways that you could have an expert tax lien investor do all of your investing for you. And also have them do the all of the work; the due diligence, bidding at the tax sale, tracking and managing liens, and foreclosing on properties. All you need to do is collect your profit! I let you know about the benefits of using a tax lien investing agent or investing in a tax lien investing fund.

I told you know about a free webinar that I hosted with Don Fullman and Charles Sells of Platimum Investment Properties West, a tax lien investing agent. If you missed that webinar and would like to listen to the replay you can do so here: http://taxlienlady.com/PIPwest-Mar2011/PIPwest-Mar2011.html. Continue reading →

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Monday Motivation

Posted on March 14, 2011 by Joanne

Here is another motivational message for you to start of your week from my friend Arnfreid Klein-Werner of Be Motivated Today.

Where Are You Going?

I am amazed at how few people have written goals and plans for their life. I should not be surprised, because up until a few years ago, although I had goals, I did not have the plans for my goals. Now that I have some detailed plans, things are humming. I’m more motivated, energised and enthusiastic than ever before.

Just set 1 or 2 really exciting goals, things that really get you moving and are in line with your purpose. Work out detailed plans and then follow the basics of hard work, perseverance and self-belief. Watch what happens. Before you know it you will be making some great headway towards your goals.
Affirmations For This Week:
I have detailed plans for my goals
I always reach my goals
I do what needs to be done
Be all you can be.

With Fond Regards

Arnfried Klein-Werner
Motivator & CEO – Be Motivated Today

If you enjoy these encouraging and inspiring messages and would like to start your day right by reading? one at the start of each day, you can 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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Are Online Tax Sales Too Competitive?

Posted on March 11, 2011 by Joanne

It seems that when any county goes from having live tax sales to online tax sales there is a lot more bidding competition, sometimes making it not worth it to bid in those counties.

What happened recently in the Douglas County Nebraska tax sale is an example….

Nebraska has an interest rate of 14% and the interest is not bid down at the tax sale. What is bid down is the percent interest in the property. The lien is awarded to the investor willing to accept the lowest percent interest in the property should the lien not redeem and the investor foreclose on the property. Because this leads to sticky situations where the investor only owns a piece of the pie so to speak, and there is no real incentive for the owner of the property to redeem the lien, many NE counties use a random selection process instead of the bid down ownership method. Continue reading →

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