Now is the Best Time For Tax Lien Sales in New Jersey

Posted on December 11, 2021 by Joanne

Now is the best time to go to tax lien sales in New Jersey! Especially if you want to finish the year strong and start the new year with some profitable tax liens!

Why is now a good time for tax lien sales in New Jersey? 

It’s the end of the year and the holiday season, and one of the busiest months for tax sales in New Jersey. There are over 550 municipalities in New Jersey. Each municipality has a tax lien sale once a year. Some municipalities are on a fiscal year ending in June, while some are on a calendar year ending in December. So June and December are the busiest months for tax lien sales.

Furthermore, some of the smaller and medium sized institutional investors are running low on funds towards the end of the month. And now is also the holiday season. Some bidders for the larger fund companies may take off at this time of year, leaving them shorthanded to attend all of the sales. Especially when there are a few tax sales on the same day, all at the same time. I’ll even take some time off from going to tax sales from now until the end of the year.

Can you still get profitable tax liens in New Jersey?

Yes you can still get very profitable tax lien at New Jersey tax sales, especially if you attend the live tax sales this time of year. You can get some tips about how to invest successfully at tax lien sales read the article Where You Invest Matters.

The best way to get more tips and training about how to invest successfully in tax liens or tax deeds is to become a member of the Tax Lien Profits Accelerator™. Inside the Tax Lien Profits Accelerator™, you’ll get access to all of the workshops we do at TaxLienLady.com®, most of our courses, and you’ll get access to Tax Sale Finders. With Tax Sale Finders, you’ll be able to see what tax lien and tax deed sales are coming up across the country. You’ll also be able to look at the properties in the tax sale, making your due diligence a breeze. Plus, you’ll get access to all our Tax Sale Success Masterclasses and Workshops.

Find out about everything you get in the Tax Lien Profits Accelerator™ at https://TaxLienLady.com/membership

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Want to Invest Successfully in Tax Liens? Where You Invest Matters…

Posted on December 4, 2021 by Joanne

If you want to invest successfully in tax liens or tax deeds, then where you invest makes a difference. Where you invest can make the difference between being successful and being shut out by the competition. Or it could make the difference between getting liens at great interest rates and liens that cost you money.

Why Where You Invest Matters

Recently I went to a tax sale in New Jersey where I was able to get 9 tax liens, and 6 of them where at 18%. If you’ve been to tax sales in New Jersey, you know that most of them are very competitive. So what’s my strategy? As I’ve mentioned in other articles, I like to target out of the way places. Areas that are rural and at least an hour away from major cities.

What Else To Look For to Invest Successfully in Tax Liens

I also like to go to sales on days that there are a few tax sales on the same day, the more the merrier. Why? Because some of the big fund companies don’t have enough bidders to cover all the tax sales. And if there are a few on the same day, they are likely to attend the sales with larger tax liens and more tax lien available. So I also like the tax sales that don’t have any really large liens (over $10,000) and that don’t have a lot of liens available in the auction.

I also target properties that not everyone else is after. If you bid on only residential properties, you are likely to get outbid by the competition every time. The trick is to look for the right type of properties. Properties that some of the big players don’t want but are  either likely to redeem or be easy to sell. All of the liens that I got at the tax sale I mentioned are on vacant land. They are all residential building lots that have great valuation.

One More Thing To Look Out For

There is one more thing that you want to keep in mind, especially if you are doing the online tax sales and don’t really know the area. Some cities in New Jersey (and this goes for other states as well) have very high crime. There are good and bad areas in every city, but if you don’t know the area and that city has high crime rates, you don’t want to invest there. Property values will be low in the high crime areas. And if you do get the property it will not be easy to sell.

More Tips and Training on How to Invest Successfully in Tax Liens?

The best way to get more tips and training about how to invest successfully in tax lien or tax deeds is to become a member of the Tax Lien Profits Accelerator™. Inside the Tax Lien Profits Accelerator™ you’ll get access to all of the workshops we do at TaxLienLady.com® most of our courses, and you’ll get access to Tax Sale Finders. With Tax Sale Finders, you’ll be able to see what tax lien and tax deed sales are coming up across the country. You’ll also be able to look at the properties in the tax sale, and get 50 property reports a month, making your due diligence a breeze. Plus you’ll get access to all of our Wealth Building Webinars and our monthly group coaching call.

Find out about everything you get in the Tax Lien Profits Accelerator™ at https://TaxLienLady.com/membership

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Which is Better Online or Live Tax Sales?

Posted on November 15, 2021 by Joanne

New investors want to know which tax sales are better to invest in, the online or live tax sales. The answer to that question depends on which state you are investing in and whether you’re investing in tax liens, tax deeds or redeemable tax deeds. Some investors don’t really have a choice. They might live in a tax deed state and want to invest in tax liens in a state in another part of the country. Or they might live or work outside the U.S. and need to invest online.

Though the online tax sales can be more competitive than the live tax sales, you can be successful at both. The secret is knowing your competition and knowing the right bidding strategy for that tax sale. In the last 2 weeks I participated in 3 tax lien sales 2 were online and one was live. All 3 were in New Jersey. I did not get any liens at one of the online tax sales. But that was a sale that had only 3 liens on the original list, and only 1 lien left in the sale. In the other sale, I was able to get a lien on a vacant residential lot for 7%. At the live tax sale, I was able to get 2 liens. One I paid premium for and the other I got at 18%.

So yes live tax sales are better IF you target the right sales and the right properties. But online tax sales can also be worth your while if you do your homework. At least for tax lien sales!

Online or Live Tax SalesWant more encouragement and inspiration for your tax lien investing?
Join me the 2nd and 3rd Tuesday each month at 2pm Eastern time, on my Facebook business page for Ask The Tax Lien Lady® Live where I answer your questions about tax lien and tax deed investing live on Facebook at https://facebook.com/TaxLienInvestingTips.

Not on Facebook? No worries you can watch the replays of the live videos on my YouTube Channel and you can even leave your question for me there for a future Ask The Tax Lien Lady Live. Visit https://www.youtube.com/taxlienlady.

Posted in Answering Questions, motivation, Online Investing | Comments Off on Which is Better Online or Live Tax Sales?

Investing For Success Biggest Challenge

Posted on November 13, 2021 by Joanne

What is your biggest challenge when it comes to investing for success and building your wealth? And how can I best help you to invest profitably in tax liens or tax deeds?

I made this video for you yesterday morning when I was at a 2 day mastermind for entrepreneurs who want to change the world by helping people!! I was there to learn how I can serve my audience – and that means you, better!

My goal is to help you get the results you want when it comes to investing in tax liens. And I’m planning a 2nd Annual Investing For Success Wealth Building Virtual Conference.

So let me know what it is that you want to learn about building your wealth and investing. I’ve already got a couple of experts lined up for you to bring you some excellent investing opportunities. But I want to hear from you…

What is that you want to learn about building your wealth and Investing For Success?

Leave a comment and let me know what your goal is for tax lien or tax deed investing in 2022 and what is one thing that would help you the most to meet your goal!

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Proxy vs. Direct Bidding in the Online Tax Sales

Posted on November 6, 2021 by Joanne

bidding in the online tax salesAre you bidding in the online tax sales?

Whether you’re participating in tax lien sales, tax deed or redeemable deed auctions online, you’ve got to know what you are bidding. It’s important to know 2 things…

  1. If you are bidding premium, does your bid amount include the starting bid or face amount of the lien, or is it a separate amount, and…
  2. Is your bid a proxy bid or a direct bid

What is a Proxy Bid?

When you are bidding in the online tax sales, it’s a little different than bidding in person. Some online bidding platforms will let you see the current highest bid, and some will not. It’s hard to know what to bid when you can’t see the other bids. Some bidding platforms will let you put in a proxy bid instead of a direct bid. What’s the difference? In a direct bid situation, if you are the winning bidder you must pay the amount that you bid. In a proxy bidding situation, you only pay one bidding increment above the next highest bidder.

Here’s an Example…

Consider a $1000 lien in a tax sale where premium is bid as a separate amount. Let’s say you bid $10,000 to get the lien. You can’t see the other bids until the tax sale is over and this is a direct bid situation. After you’ve won the bid at $10,000 you can see all the other bids. 4 other bids on this liens, they were at $1100, $1500, $5000, and $5500. Since you were the highest bidder at $10,000 and now you’ll pay $11,000 to get the lien, (The lien amount plus the premium you bid).

For this same scenario in a proxy bid situation, if the bidding was in $100 increments, you are still the winning bidder. But now you win the bid at $100 more than the next highest bidder. In this case $5,600. So now you pay only $6,600 for the lien.

So you can see why it’s important to know if your bid is a proxy bid or a direct bid when you’re bidding in the online tax sales!

Need help determining which tax sales are right for you? Or researching tax sale properties and deciding which properties to bid on and how much to bid? Tax Lien Profits Accelerator™ members get tools and resources and coaching from me each month. Find out more about the benefits of subscribing at https://TaxLienLady.com/Membership.

Posted in Online Investing, redeemable tax deeds, Tax Deed Investing, Tax Lien Investing | Comments Off on Proxy vs. Direct Bidding in the Online Tax Sales