Tax Lien Sales Going On Now

Posted on November 11, 2010 by Joanne

We’re coming up on the end of 2010!

?As I write this post we have only 51 days to go until 2011. So what can you do now until the end of the year to start building your profitable tax lien portfolio?

Although the online tax lien sales are pretty much over for this year, there are still tax sales going in different states around the country and liens are going at decent interest rates! There are still 4 counties in Illinois that have their tax lien sales coming up and I’ve heard from my friends at PIP West (a tax lien agent that specializes in buying Illinois tax liens) that things are going well this year and they were able to pick up many liens at over 30% per annum and a few liens at the maximum rate, which in IL is 18% per 6 months or 36% per annum.

The online tax sales in Colorado are done, but there are still quite a few tax sales coming up that are not online. Judging from the results of the online tax sales these tax sales are worth going to if you live in or near these Colorado counties. The interest rate is only 10% in Colorado with premium being paid for liens, but the premiums paid on the online tax sales were pretty low – about 3% of the certificate amount for the ones that I looked at. And even though you don’t get your premium back, you get the full 10% on your subsequent tax payments. Not as good as Illinois but still beats what you can get in a bank CD by?a long shot.

New Jersey tax sales are also ramping up and will be going strong through December. The default interest rate in NJ is 18% but that can be bid down as low as 0% and premium paid for liens. But you do get a penalty of 2-6% depending on the amount of the liens and you get the maximum rate on your subsequent tax payment. And unlike Colorado you get your premium back in NJ if the lien is redeemed in 5 years.

I always love to hear from you on how you do at these tax sales, so leave a comment and let me know.

Happy and Prosperous Investing,

Joanne

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End of the Year Tax Sales

Posted on November 5, 2010 by Joanne

There are still many tax lien sales coming up from now until the end of the year. There are still tax sales this month and next month in Illinois and Colorado, but only one or two online tax sales left in Colorado, most of the tax sales coming up are physical auctions.

There are also many tax sales coming up in November and December in New Jersey. There are 14 tax sales in New Jersey on December 1st alone!

And there are still a few more Illinois tax sales in January. So roll up your sleeves and get ready to go to work!

Here are 2 things to help you get started:

If you’re new to tax lien investing and are not sure if it’s for you, find out with my Tax Lien Investing Basics program. In this program you’ll learn:

1.???? The difference between a tax lien and a tax deed

2.?????Why a tax lien is such a good investment

?3.????Where is the best place for you to invest

?4.???? How to get the tax?sale information.

Need specific information about tax lien investing in New Jersey and some coaching time with me? Get my Jet Start coaching. It?includes the following:

1.???? Tax Lien Investing Secrets e-book

2.???? State Guide

3.???? 30 minute consultation with me to help you get started.

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Bigger Profits From Tax Lien Investing

Posted on November 2, 2010 by Debby

Although it?s true that you can get double-digit profits from tax lien investing, it?s not always likely.?I get questions from investors all of the time asking if it is still possible to get high interest rates on tax lien certificates given the competition and the institutional bidders at the tax sales. Tax lien investing has gotten more competitive in the last few years for a lot of reasons.

Here are a few of them:

1. ?Popularization of tax lien investing by national and now world real estate investing gurus that make tax lien investing sound like an easy way to get rich ? which it?s not.

2. ?Online tax sales, which are getting more popular with counties, increasing the competition at tax sales by making it more convenient for investors to bid at the tax sales.

3. ?The increased availability of information online for doing due diligence on tax sale properties, so that even foreign investors can invest in the online tax sales without having to physically come to the US to do due diligence or bid at the tax sale.

4. ?More banks and financial institutions getting involved in tax lien investing as they are looking for safer investments.

5. ?More individual investors looking to get involved in tax liens as an alternative to the stock market.

So how can the individual investor compete with the big companies and still get high interest rates on tax liens? Especially when in some states the interest rate is bid down competitively at the tax sale. Here are some strategies that I have used and that I know other investors use in order to keep their returns on tax lien investing high: Continue reading →

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Tax Lien Certificates: Safer Than Stocks or Real Estate

Posted on November 2, 2010 by Debby

There are so many great opportunities to invest and make money right now!

When the economy is not so great and the markets are down, when everyone else is selling, that is usually when the smart investors are buying. But how do you know what to buy when? If you purchase stocks when the stock market is down, you don?t know if the market will go lower before it turns around and you don?t know for how long it will remain down before it goes back up. It?s the same with real estate or any other market.

The Best Thing About Investing In Tax Liens

One of the nice things about investing in tax liens, is that they are not tied to any market.The rate that you receive on your tax lien certificate is fixed, so even though the value of the real estate that secures your lien may fluctuate, the interest that you get when your lien redeems remains constant. The county or municipality that issues the lien, not by the price of the property that the lien is against, determines the interest rate. Continue reading →

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Why Use A Tax Lien Investing Agent?

Posted on October 26, 2010 by Debby

Why would you want to use a tax lien investing agent instead of investing in tax liens on your own? After all tax lien investing is a safe way to earn double-digit interest on your money without the risk of the markets, right? And isn?t it ?government guaranteed?? And isn?t it easy enough to do that you don?t need a broker to do it for you, you don?t even need good credit, so why would you want to give your money to someone else to invest for you and then have to pay fees?

Tax lien investing is a safe way to earn double-digit returns on your money as long as you invest in only good properties. If you buy a tax lien on a junk property and then you foreclose on it, who will buy it from you and how will you get your money out of it? It really bothers me when other tax lien experts use the term ?government guaranteed,? since no one guarantees that you will get paid on a tax lien. It is the real estate that you have a lien against that is your guarantee. What they mean when they use that term is that the county or municipality that issues the tax lien certificate guarantees the interest rate that you get ? but they do not guarantee you payment. Continue reading →

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