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Tax Lien Profits Video Coaching
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Michigan Online Tax Deed Sales
The Michigan online tax deed sales are open. These sales are conducted as live auctions, but you can also bid online. Property information, along with pictures for each parcel are posted online. Some counties even give very good descriptions of the properties including whether it’s occupied or vacant and condition of the property.
Tax sales start now (July 31) and take place from the end of July through September 11. You can find a calendar with the county sales listed on www.tax-sale.info. You’ll also find all the information you need for bidding, whether in person, or online. It’s easy to register to bid online. You can register free on the site and then you will need to use a credit card to put up a deposit in order to bid. Your card will not be charged unless you win a bid and you’re able to view the properties in the sale even if you don’t enter a deposit.
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 gone through a winter unoccupied, it most likely has had water pipes break 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!
If you need help investing in Michigan, and want some hand-holding through purchasing your first tax deeds there, we have very affordable coaching programs to help. Our “Get Profitable Tax Liens” Laser Coaching give you unlimited access to me for an entire year for only $1997. Go to www.GetProfitableTaxLiens.com to find out more.
Posted in Online Investing, Tax Deed Investing, tax deeds, tax sales
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What’s the Difference Between a Tax Lien and a Tax Deed?
Video Quick Tip #37: What’s the Difference Between a Tax Lien and a Tax Deed?
One of the questions that I get asked a lot is “What is the difference between a tax lien and tax deed?”
Another question that I often get is “What is a redeemable tax deed.”
These are the questions that I wanted to know when I first got started investing in tax liens and tax deeds more than 15 years ago. I made a short video for you, to answer both of these questions, and tell you about a brand new video coaching program that I just unveiled last week, that allows you to get unlimited video answers like this one, to all of the questions that you send me by email.
And here’s another example of how I can answer your questions by video with my “Tax Lien Profits” Video Coaching. This is an example of me answering a question from a client. In this video I show you how to use Trulia.com to find demographics and crime rate in an area of a tax sale property. This video is less than 4 minutes long…
Posted in redeemable tax deeds, tax deeds, Tax Lien Investing
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Successful Tax Lien Investor
Here’s a video with Lenny Rudolf, one of my former students, who had success in investing in tax lien certificates in his home state a little over 3 years ago, and has since gotten deeds to 3 more properties in Colorado!
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California Tax Sales
Have you thought about a California timeshare?
The State of California has a lot of online tax deed sales. The problem is that California tax sales are extremely competitive. Although the bidding starts at back taxes – it usually gets bid up close to market value. That’s because the real estate market in California has been soaring. So much so that many California residents have left the state for Nevada or Arizona, just to find an affordable place to live. When prices rise like that, investors are willing to pay more for houses, because they know that prices are increasing. The bottom line is that you need a lot of money to buy a single-family house at a tax sale in California.
But what a lot of people don’t know is that some California counties have a lot of timeshares in their tax sales. In fact, some counties will have special tax sales just for timeshares! The bidding on these timeshares is less competitive than the bidding on single-family houses, and the opening bid is also usually much lower.
Riverside County has a timeshare tax sale at least once a year. Bidding in their last sale started as low as $2,111. Since the opening bids are lower in this sale, the deposit that you need to register is also lower – only $800 as opposed to the $5000 required deposit in many of the other California counties. There is also a $35 non-refundable fee that you will need to submit along with your deposit in order to register. Other counties have timeshares in their regular tax sales.
Learn more about how you can participate in California and other online tax deed auctions from the Online Tax Deed Sales course.
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