Beware Of The Accelerated Tax Sales In New Jersey

Posted on October 19, 2012 by Joanne

NJ Tax SalesIf you’re headed to Tax Sales in New Jersey this fall, beware of the accelerated tax sales.

What’s An Accelerated Tax Sale?

When you attend a tax sale in New Jersey, most of the time the municipality is selling delinquent taxes from the previous year, so if you went to a sale now you would be buying last years taxes. But at an accelerated tax sale the municipality is selling this years delinquent taxes.

Of What Importance Is That To You – The Investor?

Investors pay premium for tax liens in New Jersey (after bidding down the interest to 0%) for 2 reasons. Firstly, there is a penalty they will receive on lien amounts over $200 (2-4% depending on the amount of the lien). And secondly, once they have a lien, they can pay the subsequent taxes and get the maximum interest rate on the subsequent taxes paid. Continue reading →

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Your Tax Lien Investing Questions Answered

Posted on October 8, 2012 by Joanne

Here are the answers to recent questions that I received about Tax Sale Overages, Getting Started With Tax Lien Investing, and Investing With A Self-Directed IRA….

Tax Sale Overages

Recently I’ve gotten a lot of questions about tax sale overages. Many of you have specific questions for various states about tax sale overages and finder’s fees.

Answer: Continue reading →

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Monday Motivation: Meeting Your Goals

Posted on September 30, 2012 by Joanne

meeting your goalsHere’s an important technique from my friend Arnfried at Be Motivated Today that will get you motivated to work on your goal.

I know that it works because I’ve used this technique to become a champion weightlifter. And I continue to use it today in my weightlifting training and in my business. I want to encourage you to try it out and see if it works to help you with meeting your goals in your business and in your personal life.

Here it is in a nutshell: Continue reading →

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2 Ways To Buy Houses For $5000

Posted on September 26, 2012 by Joanne

$6,000 online tax sale property Buy Properties Cheap For Cash!

Most people are not interested in paying cash for a house. Even in today’s market when you can buy a decent 3 bedroom 2 bath home for $100,000 or less in a lot of decent markets, not many people have enough cash saved to pay for a house without financing. The only problem with getting a loan today to purchase property though is that the banks aren’t giving them out, especially to investors. But what if you could own a house that was worth $100,000 and only pay $15,000 for it. Or what if you could pay 5-10K for a house that is worth $75,000. Would you be interested in paying cash for it? Continue reading →

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Update For Online Tax Sales This Fall

Posted on September 19, 2012 by Joanne

online tax lien salesIn a previous post I told you about the Fall online tax sales and I mentioned that the states of Indiana and Colorado both have online tax lien sales that are conducted in the Fall.

Indiana Online Tax Sales

I recently found out the handfull of Indiana counties that had their tax lien sales online last year have elected not have online tax sales this year. But 2 Indiana counties – Lake and Kosciusko counties are having online tax sales this year. Lake county had their tax sale in August but the Kosciusko county tax sale is coming up in October. You can get the information and register for this tax sale at www.sri-auctionsonline.com.

Colorado Online Tax Sales

The 12 Colorado counties that had online tax lien sales last year will be conducting their tax sales online again this year. The interest rate has been determined at 10% (9% over prime) again this year as it was for 2011. Three of these counties also have their tax sales conducted by www.sri-auctionsonline.com and the other counties are on www.RealAuction.com. For detailed training on how to register and bid at these tax sales and find out about online tax sales at other times of the year, see my Buying Tax Liens Online course at www.BuyingTaxLiensOnline.com.

 

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