I like purchasing secondary tax liens from investors that I know and trust. By purchasing secondary tax liens you can avoid bidding at the tax sale. You still have to do your due diligence, but if you’re purchasing from an investor or entity you can trust sometimes they will actually do all the due diligence before they assign the lien to you. There are things to watch out for when purchasing secondary liens but it makes your work a whole lot easier since the original investor did most of the work and the bidding at the tax sale. You can purchase a lien that’s ready to foreclose. If the lien redeems sometime during the foreclosure process, you get redeemed right away and your money isn’t tied up for the entire redemption period. One of my coaching clients made 30% on his investment in only 9 months with this strategy! Continue reading
What’s More Profitable Than Tax Deed Sales?
Are you tired of being bid up or out bid by the competition at tax deed sales?
How would you like to have a more profitable way to invest your money than buying properties at tax deed sales and having to clear the title and rehab the property before you can make a profit?
What if you could:
- Bid on properties without a lot of competition
- Win bids at less than 70% of the property’s market value
- Have good title to the property when you buy
- Do little or no rehab
- Sell quickly to a cash buyer and make a fast profit
If this sounds good to you, you’ll want to watch this special webinar training with the Tax Lien Lady and Mark Jackson of Investor Comps Online, to learn just how this strategy works…
July 4th Savings On Your Financial Independence
Watch this video (or read the previous blog post) to find out how I started my financial independence 12 years ago by investing in tax lien certificates.
You too can claim your financial independence from the stock market, brokers, bankers, and financial advisors that just want to sell you the investments that they make a commission on! Continue reading
Small Investment, Big Profit!
In July of 2002 I claimed my independence from the volatility of the stock market, and have gotten steady double digit returns on my investments ever since. Later that year, I purchased my first really profitable tax lien. It was a small investment that I was able to add to each year, for the next 6 years and then I did nothing for the next 2 years. When I finally forced redemption by sending pre-foreclosure letters to the owners and the bank that held the mortgage on the property, I made over 150% interest on my original investment – almost doubling my money over 9 years on the original lien and I made over 72% in 8 years on a subsequent lien that I had purchased on that same property.
That may not seem like much, but keep in mind that my original investment was less than $500 on the lien purchased in 2002, and in 2003 I purchased another lien on the same property for less than $500 and kept adding a little to it each year for the next 5 years. My total investment in the second lien was $3457 and it redeemed for $5972. I made $2515 in profit on only $3457! Continue reading
Where Is The Best Place To Invest?
Where is the best place to invest in tax lien certificates or tax deeds? Most people are concerned about which lien states have the highest interest rates and which deed states start bidding at back taxes. I believe that the best place to start investing is in your own backyard. I think that it’s best to invest in an area that you know, because you’ll know what the property values are and you’ll know what to look out for. Each state has different problems that you have to be aware of, especially if you’re purchasing raw land.
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