Passive Income From Tax Delinquent Properties?

The Land GeekMy Friend Mark Podolsky, known online as the Land Geek, is now a multimillionaire. He has created a life changing passive income from tax delinquent properties.  But a few short years ago, he was broke and in debt. He took all the money he had an invested in tax delinquent land, which he sold at a profit. And he continued to do that until he had amassed over a million dollars and created a passive income – all from investing in tax delinquent properties.

And he does it with land, not houses. That’s right, no tenants,  toilets, or termites for him! If you’ve been getting my newsletter you may have noticed that he’s been a regular contributor. He has some great tips for doing due diligence on tax sale properties. Want to know why? He buys tax sale properties – vacant land, site unseen, and he’s got his due diligence down to a science. But the best part that he doesn’t even bid at the tax sale.

I’m honored and excited to  be the host for his first live webinar exclusively for my subscribers! I’ve also convinced him to come to my next conference.  Actually what he teaches is nothing that I haven’t heard before – it’s how he does it and the results that he and his students gets that make the difference. Find out why I’m so excited about the methods and strategies that he teaches. Sign up for our special FREE webinar training on Tuesday December 10, 2013. You can get more information and register at www.TaxLienLady.com/WebinarTraining.

“See” you Tuesday!

Joanne

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Where are the Online Tax Sales Now?

strategy for tax lien investingThe Online deed sales in Michigan are over and so are the online tax lien sales in Colorado. So where are the online tax sales now? 

There are still a bunch of online tax sales coming up in November and December, most of them are deed sales in Florida, but there are also a couple of online tax lien sales coming up in New Jersey and a couple of Online tax deed sales in the state of Washington. Here’s what you need to know about these tax sales. Continue reading

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Tax Lien Investing Workshop on Monday!

Here is a very short (20 second) video preview of what’s in store at our next Tax Lien Investing Workshop & Conference in Anaheim California, coming up this Monday on November 4th at the Hilton Anaheim Hotel. You can get all the details and register at http://TaxLienInvestingConference.com. Hurry and register now, ticket prices go up at the door!

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Tax Lien Investing FAQs Webinar – The Replay Is Ready

QandAAre any of these questions you have about tax lien investing? I answering these and more than 20 other questions in my  Tax Lien Investing FAQs webinar training on Monday, October 28.

To get the replay, register with this link: http://taxlienlady.com/WebinarTraining/

 

“Where to get tax lien or tax deed lists for all the counties?”

“What do you do after you purchase a tax lien?”

“How much money do you really need to get started?”

“Can you do it with a self-directed IRA?”

“How long must you pay on a tax lien before foreclosure?”

“Which states have online tax lien sales?”

 In this webinar I answered the questions that I got from the last training plus the ones you  give me this time!

To see the replay, register with the link below!

http://taxlienlady.com/WebinarTraining/

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Fall Online Tax Lien Auctions on RealAuction.com

The Colorado tax lien auction season has begun! Ten of these Colorado County Auctions are hosted on RealAuction.com. Real Auction has also begun serving the state of New Jersey. This is now the second year for some of the New Jersey auctions. Make sure that you read the bidding rules before you decide to participate in any of these auctions and know what the deadlines are for registration and deposits.Fall Picture

One of the most important things about bidding at these tax sales, besides doing your due diligence on the tax sale properties, is knowing what it is that you are bidding. In both Colorado and in New Jersey premium can be bid for liens but it’s important to know how the premium bid is treated. In Colorado no interest is paid on the premium and premium is not returned to the investor if the lien redeems. Therefore the premium that you pay effectively lowers your interest rate. The interest rate in Colorado is changes each year, it’s 9% over the prime rate and is determined in September. It’s been at only 10% per year for the last 3 years.

In New Jersey the interest rate on the certificate amount is first bid down to 0%, and then premium is bid. The premium is returned back to the investor if the lien is redeemed within 5 years of the tax sale, but no interest is paid on the premium amount. The reason that investors are willing to bid high premiums in NJ – much higher than in Colorado, is because once you have a tax lien, you can then pay the subsequent tax payments and get the maximum rate on your sub payments, which is 18%. The investor also does get a small penalty rate on the certificate amount (2-6% depending on the amount of the lien).

Here’s a list of what’s coming up with links to the auction web sites and the opening dates for registering for the tax sales. It’s not too late to register for these tax sales and get your deposit in on time to bid. Continue reading

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