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 →

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Invest in States with the Highest Return

Posted on March 2, 2011 by Joanne

Two of the three states that have the highest return on investment for tax lien investing are not even tax lien states. They are the redeemable deed states Georgia and Texas. What makes them so attractive to tax lien investors are the high interest rates and shorter redemption periods.

In these states the interest rate is not bid down, instead the price of the deed is bid up. And unlike tax lien states where if you do pay premium for the lien, you do not always get your premium back (this depends on the state). And if you do get your premium back when the lien redeems, in most tax lien states you do not receive interest on the premium. However in Texas and Georgia in order to redeem the deed the delinquent tax payer must pay the penalty on the total amount the investor paid for the deed. So the investor gets his or her original investment back plus 20% (in Georgia) or 25% (in Texas).

The redemption times are also shorter than most tax lien states. In Georgia the redemption time is one year and in Texas on non-homesteaded and non-agricultural properties the redemption time is only 6 months. Contrast that to the higher rate tax lien states – Illinois and Arizona have redemption periods of 3 years, and Florida and New Jersey have redemption periods of 2 years.

The drawback to investing in these states is that they do not have online tax sales. Unlike some Arizona counties and most Florida counties, you have to show up to bid at the tax sale. So how can you take part in these highly profitable tax sales without spending too much money on travel to do your due diligence and attend the tax sale? There are actually a couple of ways that you could invest in these states without having to travel to them.

While you have to physically show up at the tax sale, or have an agent show up for you, you can do most of your due diligence online for the properties in the tax sale. Many of the counties now have online resources that let you look up the tax assessment data online, do a title search online, and even get a description and picture of the property. You can also find a local realtor who knows the area and can drive by the properties and take pictures of them for you. They can even go to the tax sale and bid on the properties for you. You do have to have someone physically bid for you at the tax sale, but it doesn’t have to be you that does the bidding. You can find a realtor who will do this for you with the understanding that if you purchase a deed and wind up with the property they will be the one that will get the listing. Continue reading →

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