7 Percent Return on Investment in 6 Months!

Posted on August 26, 2019 by Joanne

Can you really make a 7 percent return on your money in only 6 months with tax liens?


One of my newer students, Satomi B. from Brooklyn, NY did. She got a 7 percent return on money that she invested last December. She bought 14 tax liens that all redeemed by June of this year! By the way, Satomi doesn’t even drive! She took the train and bus to go to tax sales in different areas of New Jersey from her home in Brooklyn, NY. Just watch the short one and half minute video below and listen to her tell her story.

It just goes to show that yes you can still get decent returns on your tax liens, even in very competitive states like New Jersey, IF you pick your tax sales, and the properties you bid on carefully. In fact, she got most (but not all) of her tax liens at 18% per annum. If they were held for at least a year, she would have got a double digit return on her money. But hey 7% in 6 months is nothing to sneeze at when you can’t even get 2% in a savings account at the bank!

She had never invested in tax liens before. Just to be totally transparent, she did get her husband to drive her to see some of the properties in the larger sales before she bid.

Are you ready to profit from investing in tax liens? Find out about the Get Profitable Tax Liens Mentoring program at http://GetProfitableTaxLiens.com.

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Fall Tax Sales – Updated for 2023

Posted on August 5, 2019 by Joanne

fall tax salesFall is the season for tax sales!

Some people think of the winter as tax sale season because of the Arizona online tax lien sales in February. Others think of the spring as the tax sale season due to the Florida online tax sales in May and June. But the real tax sale season is the fall. Why the fall? Because from September through December there are tax lien and tax deed sales going on all over the country, both live and online. Continue reading →

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Tax Lien and Tax Deed Auctions in the Mi States

Posted on July 24, 2019 by Joanne

tax lien and tax deed auctions Here’s what you need to know about tax lien and tax deed auctions in the Mi States –  in Michigan, Minnesota, Mississippi, and Missouri…

If you live in or near Michigan, Mississippi, or Missouri, now is the time to go to tax lien or tax deed auctions in one of these states!

The Tax Deed States 

Michigan and Minnesota are tax deeds states. Michigan is a very good state to buy tax deed properties, while Minnesota is not. There are a couple of reasons why I don’t recommend Minnesota tax sales. In Minnesota tax delinquent properties are forfeited to the state and sold at a tax sale. But they are not sold for back taxes. Bidding starts at the assessed value of the property.

Even when the property doesn’t sell at the tax sale and can be purchased over the counter, the price is still the assessed value of the property. No deal there, plus whether you purchase at the tax sale or over the counter, you have to pay 3% of the bid price to the county. And as with most tax deed properties you’ll have to clear the title to get title insurance. Tax sales in Minnesota do have one saving grace though. They will allow you to finance the property. But at a 10% finance charge.

Michigan on the other hand, is a great state to invest in. Many of the Michigan counties have online auctions and the state has it’s own website where most of these tax sales are hosted. Bidding starts at back taxes, fees, penalties and the cost of the sale. The property is sold to the highest bidder.  Some counties do require a deposit in order to bid. Most of the counties that have online bidding provide a lot of information on the tax sale properties online. Most of these tax deed auctions take place from July through September.

The Tax Lien States

Mississippi and Missouri are both tax lien states and they both conduct their tax sales on the same day – the 4th Monday in August. They also have something else in common and that is the bidding procedure – premium is bid in both states. That is an amount over and above the amount of the lien that is bid at the tax sale. The bidder must pay the bid amount plus the amount of the lien. But there are also some big differences between tax lien auctions in these 2 states.

Mississippi has an 18% interest and a 2 year redemption period. Missouri liens pay only 10% per annum and only 8% on subsequent tax payments.  In Missouri, any premium paid at the tax sale is returned to the investor when the lien is redeemed. Not so in Mississippi. You do not get your premium back in Mississippi upon redemption. Missouri seems like the less desirable place to invest, because of the lower interest rate, but that can actually be a good thing. Combine that with the fact that you must be a Missouri state resident to invest in tax liens there and that makes it less competitive. It also has a shorter redemption period – only one year. I like both of these states for tax lien investing.

Need Help Investing in Tax Liens or Tax Deeds?

If you need help investing in any of these states, now is the time to get it! Michigan tax sales are going on now, and will continue through the summer. Mississippi and Missouri tax sales are only weeks away and registration for these tax sales must be done ahead of time. These are tax sales that I know I can help you with. A few years ago I helped Alvaro, a coaching client from Ontario purchase 3 tax deeds at a Michigan tax sale. And just last year, my client Stephanie from Texas purchased 14 liens in Mississippi. How would you like me to go to one of these tax sales with you? Or just coach you to be able to do it on your own. CLICK HERE to learn about the 2 ways that I can help you get some liens or deeds this summer.

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Have You Ever Made This Investing Mistake?

Posted on July 18, 2019 by Joanne

Just a couple of weeks ago, I saved one of my coaching clients, Andy C. of California from making a huge investing mistake. His exact words to me at our last coaching session were, “Thank you so much, Joanne. I’m so glad that you told me to check whether the place is build-able.”

He found a building lot he was interested in bidding on in a Florida tax deed sale. He did his due diligence on the property and was ready to bid. But I had him do one more thing that he hadn’t thought about and he found out that the lot was not build-able as it was. In order to build on this lot it would cost thousands of dollars.

The First Investing Mistake He Avoided

He never thought to check on whether the lot was build-able or not because it was zoned residential, had road frontage and had properties around it. But after he did his homework from our coaching session, he found out that there were a couple of problems with this building lot. In order to put a house on it, it needed to be an acre, and it was just under an acre. He could get a variance from the town for only around $1000, and be able to build, except that there was one more problem.

The Second Bigger Problem He Uncovered

The road the property is on is a dirt road, and in order to build another house on that road, it would have to be paved. If anyone wanted to put a house on that lot, they would have to pave the road. Not just a driveway; the entire road would have to be paved. Now that would cost him tens of thousands and yes he could sell the land to another investor, or a builder, but who would pay for it knowing that in order to build on they would have to put up another 20, 30, maybe even 40K before they even started building!

If you’re interested in unlimited year long Get Profitable Tax Liens Laser Coaching, find out more about it HERE.

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Summertime Tax Deed Sales

Posted on July 8, 2019 by Joanne
bidding in the online tax sales

One of the first things that you need to do to invest profitably in tax deeds, is to get the information for the tax deed sales that you want to bid at. You need to know when and where the tax sale takes place, whether the auction is held live or online, and what the rules and procedures are that you must follow.  Here’s some information for you about what tax deed sales are coming this summer.

Summertime Online Tax Deed Sales

There are online tax deed sales throughout the summer. The states of California, and Michigan have quite a few counties that have online tax deed sales. A handful of Southern California Counties have online tax deed sales in July and August. Michigan tax sales start in July and continue through the September.

There are a few Florida counties that have their tax deed sales online. Some of these counties may have tax sales as often as once a week! New York also has a few counties that conduct their deed sale online. The state of Wisconsin has a couple of counties that have online tax sales in July, but they typically do not have many properties in their tax sale. Sometimes only 1 or 2.

Live Deed Sales in Summer

Counties in the state of Arkansas have tax deed sales all through the summer. Although these sales are conducted in the county that the property is in, they are run by the State Commissioner of Lands. A few Pennsylvania counties still have their Judicial tax sale coming up in through the end of August. The Upset tax sales will begin in September. Just make sure that you do your due diligence for this sale, because if you purchase a deed at the Upset sale you are responsible for any mortgages or liens on the property and there is no right of redemption.

Other states that conduct live tax deed auctions in the summer are Kansas, Ohio, New Mexico, North Carolina and Virginia. There are also some counties in Florida, Michigan, New York, and Wisconsin that conduct live tax sales in July August or early September.

Redeemable Deed Sales

There are a few redeemable deed states that have tax sales in the summer. Some counties in Georgia and Texas have tax sales on the first Tuesday of every month. A couple of counties in Delaware have tax sales scheduled for July. There are redeemable deed sales in Philadelphia, PA almost every week during the summer. Some Connecticut municipalities have redeemable deed sales throughout the summer as well. There are a couple of counties in Tennessee that have tax sales this summer. Davidson County conducts a live tax sale almost every month and Shelby County has an online auction at the end of July.

Where are you spending your vacation this summer? If you’re going to one of these states, why not look into the tax sales?

Member Training

Subscribers to the Tax Lien Profits Accelerator have access to Tax Sale Resources, where they can do a custom search to find out what tax sales are coming up around the country. They also have access to a group training and coaching session each month. Our next member training is Wednesday July 17 and I’ll be answering member questions live. Membership is $97 per month and you can find out more about other benefits of Tax Lien Lady’s Members Area at www.taxlienlady.com/MembershipMain.htm.

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