Where Are The Tax Sales This Summer?

Posted on July 11, 2021 by Joanne

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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Meet Me At The Go Higher Mastermind In Puerto Rico – Virtually

Posted on July 6, 2021 by Nicole Luffman

My good friend and real estate investing mentor Mark Jackson, (MJ), is hosting his next Go Higher Mastermind in San Juan Puerto Rico July 22-24. I’ll be there because I’ve been wanting to visit Puerto Rico and this will be my 3rd Go Higher Mastermind in the last 5 years. And because MJ’s mastermind events are the best for learning the strategies that work in the current real estate market, and connecting and networking with powerful people that can help you invest profitably in real estate.

And here’s the really good news…

You don’t have to leave home and get on a plane to meet me at the Go Higher Mastermind in Puerto Rico, because it’s also virtual! I’ll be there in person, and so will a couple of my students, fellow investors, MJ, and his team in Puerto Rico. But you can attend virtually!

Here’s just a taste of what you’ll learn at the Go Higher Mastermind in Puerto Rico…

Day one is all about creating wealth with valuation-based real estate. In other words, you make your profit when you buy, not when you sell. You’ll learn how to locate deals virtually and how to avoid the biggest mistake that new investors make. You’ll learn how to pick the right market and get access to the tools you need to easily evaluate deals.

Day two is all about keeping your wealth. You’ll learn about asset protection as well as tax strategies that let you keep more of the money you make. On this day you’ll meet the attorneys on M.J.’s team in Puerto Rico.

Day Three is for networking and having fun. Those of us who are in Puerto Rico will be going on a Catamaran Cruise for the day.

Find out more about what we’ll be doing at this mastermind in Puerto Rico on Tax Lien Lady’s® next Wealth Building Webinar with Mark Jackson (MJ) on Wednesday, July 14th at 7:30pm Eastern time. Get the details and register for the free live webinar at www.TaxLienLady.com/live-free-webinar-registration

Already know you want to attend the mastermind? Don’t wait, register today at https://www.investorcomps.com/virtual/

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Don’t Lose Money on Your Tax Lien Investments!

Posted on June 15, 2021 by Joanne

don't-lose-money-on-your-tax-lienDon’t lose money on your tax lien investments! Tax lien and tax deed investing, can be very profitable. Tax Lien investing is a way that you can save your money at interest rates that you just can’t get in a bank CD anymore, or even with savings bonds. And it’s more secure than the stock market because it’s not a speculative investment. There is real property backing it up. But did you know that you can lose money on  your tax lien or tax deed if…

  • You choose the wrong place to invest
  • You buy liens or deeds on the wrong properties
  • You fail to carry out the state specific responsibilities of the tax lien or tax deed holder after you purchase a tax lien or deed?

There are different reasons that people come to me for mentoring or coaching to invest in tax liens or tax deeds. Some just don’t know how to get started and want to learn the ropes and do it correctly. Others want to find the best places to invest and have access to the tools and resources that help them pick the right properties to bid on without putting in a lot of time and effort. And others come to me so that they can avoid costly mistakes. Mistakes like not following the state specific responsibilities of the tax lien or tax deed buyer after they purchase a tax lien or tax deed.

Protecting your investment after you purchase a tax lien or tax deed is the topic of our next tax lien investing workshop on Saturday, June 26 from 1-3pm Eastern time. Our workshops are live virtual trainings conducted via Zoom. Workshop attendees will get the opportunity to ask questions about the specific procedures that must be followed in the state or states that they invest in. You’ll learn exactly what you have to do to protect your profit and maximize your return on your tax lien or tax deed after you purchase.

This workshop is for investors who have already purchased their first liens or deeds, as well as for newbies who are just getting started and haven’t actually purchased anything yet. By learning what is required of you after you buy a lien or deed, you’ll know the what the real cost of investing is and what your profit will be based on your total investment, not just what you have to pay at the tax sale.

The workshop will include a workbook and handout that you can print out to have with you during the training. It will be recorded and the recording and all materials will be provided on a training website to all registrants. Get all the details and register at https://taxlienlady.com/protect-your-profit.

Need Extra Help?

Do you need a little more help before you buy any tax liens or tax deeds. If you don’t know where or how to start, or need tools and resources to make choosing the right places to invest and the right properties to bid on easier, I can help. And I can also help you follow the right procedures both before and after you purchase a tax lien or tax deed to protect your investment and maximize your return. Do you know that the strategies that work best in this business change with the changing economy and real estate market? And so do the right places to invest!

Get a free 30 minute consultation with me to get started in the right direction, avoid the pitfalls and find out which of my programs are right for you. Just click the link below to fill out a form and get a link to schedule your 30-minute Profit Planning session with me.

https://taxlienlady.com/mentoring-application

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How to Protect Your Profit After You Buy a Tax Lien or Tax Deed

Posted on June 7, 2021 by Joanne
redeemable-tax-deed

 

It is true that doing your due diligence is the most important step for investing in tax liens or tax deeds. Doing it properly can lead to lots of profit while ignoring this step of tax lien or deed investing could cost you! But did you know that what you do after you purchase a tax lien or tax deed is just as important and what you do before you buy?

There are different steps that you must take to secure your investment depending on what type of vehicle (tax lien, tax deed, or redeemable tax deed) you purchase and which state you invest in.

Here is a list of things that you may need to do after you buy a tax lien or tax deed in some states:

  • record the lien or deed with the county clerk
  • send state specific noticing to the property owners and any lienholders
  • do a title search
  • pay subsequent taxes
  • clear the title to the property (tax foreclosed properties in most states)
  • secure the property (deeds only)
  • tax deed application (TDA) – Florida liens

This is just a list of the some of the responsibilities of the tax lien or tax deed buyer in the most popular states for investing. But each state has it’s own requirements that the investor must follow in order to protect their investment. What could happen if the investor fails to do what is required? Well, they could lose their investment!

That’s right, you could lose any money (and time) that you put into purchasing a tax lien or deed if you don’t follow through on the state specific responsibilities for tax lien or tax deed buyers.

Here’s an example…

I had someone offer me a couple of secondary liens in New Jersey that they wanted to sell. In New Jersey, recording of the lien is required within a 3 month period after purchasing it at the tax sale. These liens I was looking into buying were about 2 years old, which means they could be foreclosed on right away.

I did my due diligence on the properties and saw that one of them was a very desirable property in a nice town in South Jersey. So, I asked the seller to send me a copy of the certificate. When I saw the copy of the tax sale certificate, I knew there was a problem, and I would not be able to purchase.

The problem was that the lien had never been recorded. And it was way past the 3 month window that the investor had to record it. Normally this would not be a real big problem, but in this case the property had changed hands since the lien was purchased at the tax sale. And because the lien had not been recorded, it was not paid off when the property was sold.

As a result, the lien is now un-enforceable, hence worthless. The shame it is that the investor could have paid the $50 necessary to record the lien and that would have saved him the $5000 that he paid for the lien. And he would made 18% per year plus a 4% penalty on that $5000 (another $2000!). That’s why it’s so important to know the rules before you invest!

If you need help knowing the rules or figuring out what you have to do in the state you want to invest in, you can schedule a free one time 30 minute Profit Planning session with me. Just fill in the form at https://taxlienlady.com/mentoring-application to get a link to schedule a 30 minute  online conference with me via Zoom.

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Tax Certificate Sales Investing Updated for 2021

Posted on June 4, 2021 by Joanne

My Tax Certificate Sales Investing Special Report is now Updated for 2021.

What is the Tax Certificate Sales Special Report?

This report is FREE and will tell you just what tax certificate sales investing is and how you can get started making money from tax liens and redeemable tax deeds. It covers the basics of tax lien investing and also some advanced strategies for investing that allow you to profit faster from your investments.

This 16 page report has 2 parts…

In Part I, you’ll learn what tax lien investing really is and and how to get started. I’ll uncover the myths about buying tax liens and tax deeds, and tell you the truth about what to expect. And I’ll give you the 5 simple steps that I follow to buy profitable tax liens or tax deeds.

Then, Part II of this report goes beyond the basics of tax lien investing. In Part II, I reveal 7 secret strategies to increase your profits from tax liens or redeemable tax deeds. Plus one bonus strategy that no one else is talking about! These strategies include ways to protect your investment and maximize your return after you buy a tax lien or redeemable tax deed. As well as strategies to profit fast from tax liens or redeemable tax deeds. Plus ways to profit from tax liens without having to bid at the tax sale.

CLICK HERE to grab your copy!

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