The 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
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!
Are 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!
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.
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
I’ve gotten a few questions about over the counter liens lately. Apparently there are some tax lien investing “experts” out there telling people that tax lien sales are so competitive that you are better off buying the over the counter (OTC) tax liens and deeds that are left over from previous tax sales. These gurus tell you that you can get good liens at the maximum interest rate by purchasing these liens directly from the county. And that if you purchase liens that were struck off to the county 2 or 3 years ago, you will be able to foreclose right away. Continue reading
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