Frequently I?m asked the question what is more profitable, investing in tax lien certificates or tax deeds. Whether tax lien investing or tax deed investing is better for you depends on the state that you live in and your what your goals are. If you are looking to pick up property under market value than you are better of with tax deeds than with tax liens. If you do your homework and purchase tax liens on good properties, the chances of foreclosure are slim. And in some states, even if the lien is not redeemed, you may not be able to get the property. Continue reading
What’s Wrong With Tax Deed Investing?
You may have heard that tax deed investing is a great way to purchase properties for back taxes. But here are some reasons why it doesn’t always work out that way.
First of all these tax sales can be competitive. Although bidding for tax sale properties may start at the back taxes owed, most residential properties are bid up at the sale, sometimes close to market value. Then what makes it even more difficult for the average person to buy a home at a tax sale is that in most counties is, you need to pay for your winning bids in full on the day of the tax sale or the day after the tax sale. That means that you have to have all of your cash on the day of the sale. You do not have time to get financing. So what is a tax deed investor to do? Is it still possible to buy tax sale properties for pennies on dollar? Continue reading
Posted in Tax Deed Investing
Tagged Excess Proceeds, investment stratagies, Tax Deed Investing, tax deeds, wealth building
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3 Steps to Investing Tax Free
Did you see the webinar that I did last week with Adam Bergman of IRA Financial Group ? We had over 50 people from all over the US, plus a couple of foreigners on the live webinar. Adam explained how you can invest tax free using a self-directed IRA LLC and how you can invest in tax liens easier by using a self-directed IRA LLC?with checkbook control. If you missed last week’s FREE webinar training, you can watch the replay Here.
It’s not too late to take advantage of the special offer on the webinar – a savings of $50 when you call Adam to set up your self-directed IRA LLC with checkbook control by April 7. And if you fund your traditional IRA account by April 15, you can deduct it from your 2009 income. Or you can do what I’m going to do and open a Roth IRA so that you can invest totally tax free as long as you don’t take any withdrawals until after age 59. Continue reading
Posted in Tax Lien Investing
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New Resource For Tax Lien Info
Great new resource for finding tax sale information, getting tax sale lists, and more….?
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Here’s what you can do at Tax-Lien-Database.com:
- Get county and tax sale information
- Get tax sale lists
- Get updates on tax sale
- Search by State or County
- Filter by Return Rate
- Search for Online or OTC tax sales
- Get County Contact info and County Laws and Procedures
- Links for Due Diligence Information
- Buy Secondary Liens and Deeds
- Sell Your Liens and Deeds
- Participate in Tax Lien/Deed Forum
You’ll find this resource to be the most comprehensive database for tax lien and tax deed investing to help you build your profitable tax lien or tax deed portfolio.
Learn more about Tax-Lien-Database at www.TaxLienLady.com/tax-lien-database.htm
Happy and Prosperous Investing,
Joanne
Posted in Tax Lien Investing, Tax Sale Lists, tax sales
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What to do After You Purchase a Tax Lien
OK, so you’ve been to your first tax sale and purchased a few tax lien certificates, now what do you do? That depends on where you purchased your tax liens. Every state has different laws concerning tax sales and what you need to do once you purchase a tax lien certificate in order to protect your investment. Depending on the state and the county that you invest in, there are three things that need to happen after you purchase a tax lien certificate: Continue reading
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