Let’s start with tax lien sales coming up in September…New Jersey tax sales are happening from now through the end of the year. And many of the NJ tax sales are online. The state of Indiana also has tax lien auctions this time of year, and a handful of IN counties have online tax lien auctions. There are a few tax lien sales coming up in Wyoming. One WY county that has its sale online. Continue reading
Mississippi tax lien auctions take place on the 4th Monday of August. And a few MS counties will also have tax sales in April. A few years ago, one of my coaching clients got 14 tax liens in the Mississippi tax sales.
She wanted to get liens on vacant land and was able to purchase all 14 liens for under $2500! Most of the liens she won were for vacant land. But one of the liens she acquired was on a residential parcel. She went to a live tax lien auction. But since then many MS counties have online tax sales.
Mississippi has a 2 year redemption period and an 18% per annum interest rate. The interest accrues monthly at 1.5% per month. Premium is bid at the auction, and you do not get any interest on the premium amount. So the amount bid over the lien amount effectively lowers your return. If you want more detail about investing in Mississippi this year, here’s how to start…
Get detailed information about the online tax sales in Mississippi and other states in my Guide to Online Tax Lien Sales. It’s all part of my comprehensive course on Buying Tax Liens Online.
Why Michigan is one of my favorite tax deeds statesThis is the season for Michigan tax sales. MI tax sales happen once a year in each of the counties and many of them are online. The initial tax sales are in late summer. Most of them are in August with a few in September. Many of these counties will hold a second auction for any properties that did not sell in the first auction. Continue reading
Competition has escalated at tax lien sales since 2008, especially for the online tax lien auctions. It’s gotten so competitive that it has been difficult to get tax liens at decent rates for the last few years. And even the junk properties have been getting sold at the online tax lien auctions. All that is changing this year for 2 reasons. The first reason is something that I’ve been waiting to happen for the last few years.
The Federal Reserve has kept interest rates extremely low for years in an attempt to stimulate the economy. This is one of the things that contributed to banks and hedge funds jumping into the tax lien market. It also was the reason these funds were able to bid down the interest rate so low or bid up the price of liens and redeemable deeds so high that they were making extremely low single digit returns on their money. But all that is changing now. Continue reading
Now is a great time to start investing in tax liens whether you invest in the online or live auctions. Some tax lien auctions are a little less competitive then they were in the beginning of this decade. There are 2 reasons why investors are able to get better interest rates in some states this past year. Continue reading
Follow Us!