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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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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