Investing For Success Saturday
When it comes to Investing For Success in tax liens or tax deeds, part of the battle is just showing up! What do I mean by that? Listen to the Investing For Success Saturday audio below and find out…
Investing For Success: Part of the Battle is Just Showing Up!
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Join Me for a FREE 5-Day Investing For Success Challenge
Special Announcement
Watch this video to see what we have planned for you this month!
If you have any questions about the upcoming challenge you can always send us an email at support@taxlienlady.com.
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How Much Money Do You Need To Invest In Tax Liens?
Investing For Success Saturday
One of the most frequent questions I get about tax lien investing is “How much money do I need to invest in tax liens?”
How much money you need to invest in tax liens depends on where you live, where you want to invest and what your goals are. It might be more than you think. Listed to this audio that I made for to find out more.
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Michigan Tax Sales – What’s Different Since 2020?
What’s new with the Michigan tax sales since 2020?
These tax deed sales usually start at the end of July or the beginning of August. Last year, because of the COVID shut down, the auctions were postponed until September and October. But this year they are going ahead at the normal time. Most of these tax sales will happen this year in August. There are online tax deed auctions going on almost every weekday in August starting the first Monday of the month – August 2.
Some of the changes from 2020 will remain in effect this year. Although a lot of these tax deed sales have been online before last year, they were also conducted as live auctions. This year, as in 2020, the auctions will be online only with no live component, and even some counties who have not had their tax sales online before 2020 will be online this year.
Some of the Michigan counties make it very easy for investors to bid online. They post the property information, along with pictures for each parcel in the sale on the online web site. A few counties give descriptions of the properties in the sale, with the condition of the property and whether it is occupied or vacant.
Most of these tax sales will open for online registration in July. The sales will conclude from August 2 this year through September 3, according to which section of the state they are in. You can find a calendar with the county sales listed on www.tax-sale.info. You’ll also find all the information you need to register and bid at the auction.
You can register to participate in the auction for free, but you must use a credit card to put up a deposit in order to bid. Your card will not be charged unless you are the winning bidder for one of the properties in the auction.
Buyer Beware!
What you need to remember if you’re bidding at this sale for the first time is that many of these properties have been vacant for a long time before they’re sold in a tax sale. They are distressed properties. Some of them have been trashed by the former occupants. And if you win a bid on a property that is occupied, it’s up to you to evict the occupants! Even if the house looks like it’s in good shape, there’s only so much you can tell from pictures. If the house has been vacant through the winter, it’s likely to have water damage and broken pipes, and will need a lot of plumbing repair and a new water heater.
You’ll also want to be particular about where you buy. There are hot and cold markets in Michigan. Some markets are very hot, and may be very competitive. Cold markets will be less competitive, but property will be tougher to sell there. So check out the areas before you bid!
Want to learn more about the upcoming Michigan Tax Sales?
Last year I hosted a 2 hour live virtual workshop on the Michigan Tax Deed Sales. In this workshop, I demonstrated how to get all the information you need to participate in the Michigan tax sales. I let you know how to find out where and when these tax sales take place, which are the better counties to invest in, and what you need to watch out for. You can purchase the recorded workshop which includes the recording of the live training, a workbook, and a copy of the slides for the workshop, plus a due diligence checklist just for the Michigan tax sales! And registration for the workshop includes a one month trial in the Tax Lien Profits Accelerator™.
Find out more about the Michigan Online Deed Sales 2020 Workshop at https://www.taxlienlady.com/michigan-online-tax-sales-2020-virtual-workshop-2/
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Where Are The Tax Sales This Summer?
There is no shortage of tax sales this summer! Last year some tax sales were cancelled or postponed due to COVID-19, but this year they are going ahead as usual, except that many of them are online….
Tax Lien Sales
Last year even some online tax lien auctions were postponed because county offices were closed. Some tax sales that would have happened last spring were postponed until summer. And because they were held later last year, a couple of these sales were held over this year as well. Maryland tax sales are usually over by now, but this year there are still a couple of counties that will have an online tax sale in August and September. New Jersey, and Louisiana, also have tax lien sales both online and live in the coming weeks.
There are plenty of tax sales coming up in Kentucky from now through October. The state of Montana has live tax sales throughout August into the first week and half of September. Wyoming tax sales have started and will also continue through the beginning of September.
Three Rhode Island municipalities have tax sales in August, and they each use a different bidding procedure. One of these auctions are online. Two Vermont municipalities have tax sales in August and both of these auctions are live. Mississippi and Missouri have their tax sales in August. In the past there were a few Mississippi counties that had online tax sales but this year most of them are online. And 3 of the Missouri county tax sales will be held online this year as well.
Tax Deed Sales
There are a couple of counties in California that have online tax deed sales this summer. There are a quite a few Florida tax deed sales coming up in July and August and many of them are online. Some of these counties may have tax sales as often as once a week! There are a handful of county tax sales coming up in New York from now through September and a couple of them are online. The state of Wisconsin also has some counties that have sealed bid or online tax sales this month, but they typically do not have many properties in their tax sales. Sometimes there are only 1 or 2 properties in these Wisconsin tax sales.
There are a few Louisiana parishes that have online tax deed sales in August, and a handful that have live tax sales – all on August 4. There are Ohio county tax deed sales from now until the beginning of September and a handful of those tax sales are online, although most of them are live. Franklin City and 3 Virginia counties will have tax deed sales this month.
There are plenty of live tax deed sales coming in Arkansas in July and August. The state of Idaho has a hand full of tax sales coming up from now through August. Illinois is a tax lien state, but they also have tax deed sales in July and August and at least one of them is online. Three municipalities in Massachusetts have tax sales coming up but like the state of Wisconsin they typically do not have much available in these tax sales, sometimes only 1 property. Unlike Wisconsin, they do not have any tax sales online.
My favorite state for online tax deed auctions is Michigan and this is the season for Michigan tax sales. Almost all of their tax sales are in August. Esmerelda County Nevada has a live tax deed sale early in August. There are quite a few North Carolina counties with tax sales from now through September. But only counties that have larger cities have more than a handful of properties in their tax sales. There are also a few counties in my state – Pennsylvania, that have deed sales coming up and thanks to the COVID pandemic, some of them are now online. Some of the PA counties have combined their tax sales with the Sheriff sales and they are held on Bid4Assets.com.
Redeemable Deed Sales
Delaware has only 3 counties and they all have a tax sale in July. There are a few counties in Tennessee that have tax sales this summer, and now some of them are online. Some counties in Georgia and Texas have tax sales every month, on the first Tuesday of the month. Only one GA county and a handful of TX counties have their redeemable deed auctions online. Some Connecticut municipalities have redeemable deed sales coming up this summer. All of these sales are live. The city of Philadelphia has an online redeemable deed sale in July.
Where are you spending your vacation this summer? If you’re going to be in one of these states, why not look into the tax sales?
Need help getting ready for a tax deed sale? Check out the Online Tax Deed Sales home study course – updated for 2020 for only $397!
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