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 →

Posted in Online Investing, Tax Lien Agents, Tax Lien Investing, tax sales | Tagged , , | 15 Comments

Done For You Tax Lien Investing!

Posted on March 9, 2011 by Joanne

Is there such a thing as done for you tax lien investing where you just give your money to someone else and let them do all the work for you?

Can you purchase profitable tax certificates without doing the due diligence and going to the tax sale yourself?

There are 2 ways that I know of where you can not only have someone do all the work of buying profitable tax liens or tax deeds for you, and also have them manage your portfolio and take care of any redemptions or foreclosures for you as well. You can use a tax lien investing agent or you can invest in a tax lien fund. With either of these tax lien investment methods, someone else does the work of getting the tax sale list, doing the due diligence, bidding at the tax sale, managing the portfolio, and foreclosing on properties. You just sit back and collect the profit.

So how does it work and what’s the difference between investing with a tax lien agent and investing in a tax lien fund? Continue reading →

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You Decide If You Will Be A Success

Posted on March 7, 2011 by Joanne

Here’s some Monday Motivation for you from my friends at Be Motivated Today:

Our attitude determines what we achieve in life. Attitude is a mind or a heart set. You either have a winning attitude or a losing attitude. A winning attitude is an attitude, which promotes growth: it is constructive. It builds. It gives. It wants to improve, to help and contribute. A loser attitude promotes the break down of projects, people and emotions. It is destructive. It takes. It is selfish.

You decide whether your life is successful or not by the attitude you adopt, in every situation. Choose a winning attitude every time. Continue reading →

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How Do You Prefer to Buy Tax Lien Certificates?

Posted on March 4, 2011 by Joanne

As I mentioned in the previous post where I answered a question about purchasing left-over tax liens, I don’t think this is a good strategy for new investors. There are other ways, however, that you could purchase a tax lien (or a tax deed for that matter) without going to the tax sale. One state in particular lets you bid through the mail and will award the tax lien to the first bid they receive. The state that I’m referring to is Montana. So if you live in Northern California (California is a deed state) but you want to invest in liens, Montana may be a better option for you than the online tax sales in Arizona. Continue reading →

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Your Questions Answered: Subsequent Taxes and Left-Over Liens

Posted on March 2, 2011 by Debby

This week I received 2 very good questions from subscribers that I wanted to answer for you on this blog so that everyone can benefit from them. And each of these questions is a multi-part question that requires more than just a simple answer. You can read the questions and the answers below.

Question #1:
When he found out that he just missed the tax sales this year in Arizona Eric asked ;
“Can’t I invest in tax liens year around online? Not just in Arizona but in other states? What about the liens that are left after the tax lien sales end, can’t I purchase those?” Continue reading →

Posted in Answering Questions, Tax Lien Investing | Tagged , , | 19 Comments