Podcast Episode #5:How do You Find Out About Tax Sales?

Posted on May 29, 2007 by Joanne

How do you find out about tax sales that are coming up in your state? There are three ways that I know of to find out about tax sales for free or almost for free.You can look in the newspaper, call the tax collector, or go to a web site that sells tax sale lists.

The first way to find out about tax sales coming up in your area is to read the legal notices in the local newspaper. Most counties have to post an announcement about the tax sale, as well as the list of properties that are being offered for sale, in the local paper anywhere from two to four weeks before the sale. This method is not entirely free because you have to buy the paper. You also have to know when the sale is held so that you know when to start looking for it.

Listen to the podcast

MP3 File

View RSS XML

Continue reading →

Posted in Podcasts, Tax Deed Investing, Tax Lien Investing | Tagged , , | Comments Off on Podcast Episode #5:How do You Find Out About Tax Sales?

Podcast Episode #4:Where is the Best Place to Invest?

Posted on May 7, 2007 by Joanne

Where is the best place to invest in tax lien certificates or tax deeds? Most people are concerned about which lien states have the highest interest rates and which deed states start bidding at back taxes. I believe that the best place to start investing is in your own backyard. I think that it’s best to invest in an area that you know, because you’ll know what the property values are and you’ll know what to look out for. Each state has different problems that you have to be aware of, especially if you’re purchasing raw land.

In Pennsylvania where I invest in tax deeds, for example, I have to worry about whether a property will perk or not. If I buy a lot in a deed sale that doesn’t perk I won’t be able to get a septic design approved and won’t be able to build on the property. Its resale value will be a fraction of the price that I could get for it if it had an approved septic design. In another state you might have other concerns. In dry states, like Arizona for example, you may have to be concerned about water rights.

 

MP3 File

 

Continue reading →

Posted in Podcasts, Tax Deed Investing, Tax Lien Investing | Tagged | Comments Off on Podcast Episode #4:Where is the Best Place to Invest?

Podcast Episode #3:What’s Holding You Back?

Posted on April 23, 2007 by Joanne

What’s holding you back from building your profitable portfolio of tax lien certificates or tax deeds? Could it be any of the following reasons?

  • I don’t know how to start
  • I’m afraid that I’ll loose my money
  • I don’t know if I have enough money
  • I don’t know enough
  • I don’t know about the risks

    I had these same concerns when I got started, but being the risk taker that I am, I just jumped right in and learned as I invested. Did I loose any money and make some bad decisions at first? Yes I did, but because I invested very little money to start, my learning curve was minimal and I made up any money that I lost very quickly.


    MP3 File

    Continue reading →

Posted in Podcasts, Tax Deed Investing, Tax Lien Investing | Tagged | 1 Comment

Podcast Episode #2:Can Anyone Invest in Tax Liens?

Posted on April 23, 2007 by Joanne

Do you need any special background or education in order to invest in Tax Lien Certificates? In order to answer this question for you, I’d like to tell you a little bit about my background and how I got involved in tax lien investing. I think that when you hear my story you’ll realize that you don’t have to be a millionaire in order to invest in tax lien certificates or tax deeds and that you don’t need any special education or background in order to get started.

I’m not a millionaire yet and I wasn’t when I started to invest in tax liens. But I do have something now that I didn’t have before I started doing this, and that is a positive net worth. I didn’t have a positive net worth before I started investing in tax liens. So, how did I get started?

MP3 File


Continue reading →

Posted in Podcasts, Tax Deed Investing, Tax Lien Investing | Tagged | 4 Comments

The Truth About Tax Lien Investing

Posted on April 5, 2007 by Joanne

What is the truth about tax lien investing?

What is tax lien investing anyway and why is it such a good investment?

What is the difference between tax liens and tax deeds and what are some of the misconceptions about them?

Read on the find the answers to these questions and the truth about tax lien investing…

Local governments in the U.S. – counties and municipalities, depend on money from property taxes to meet their budgets. When property owners don’t pay their taxes, the some counties or municipalities will sell the taxes to an investor at an auction. The investor does not buy the property at the auction. But bids for the right to pay the taxes on the property and put a lien on the property.

Why would an investor want to do pay someone’s property taxes?

There are 3 main reasons why this is an attractive investment:

  1. Very high rates of interest are possible with tax lien certificates – anywhere from 8% – 36% per year.
  2. A tax lien comes before most other liens, so the investor is first in line to get paid on their investment
  3. The investment is backed by real estate, and if the lien is not paid in a certain amount of time – known as the redemption period, the lien buyer can foreclose on the underlying property.

Continue reading →

Posted in Tax Deed Investing, Tax Lien Investing | Tagged | Comments Off on The Truth About Tax Lien Investing