Last week I wrote about my experience at the Monroe County Judicial tax sale. I could have gone on and on about the investors I met the novices that I got to talk to, or some of the big-shot out-of-towners that I now will have lunch with at a future date. But I just wanted to point out some of the highlights of a long and eventful day. I truly believe that attending a tax sale auction is an event that everyone should attend at least once in their lifetime. I was disappointed that I did not win 2 houses I was bidding on. It was something to see $1.6 million spent on 133 properties in a period of less than 6 hours. As I attend more auctions in the near future, I hope to have the opportunity to not only share my observation, but to win and share in those secrets of my success. Continue reading
10 Tips For Bidding On Tax Deed Properties
Monday Motivation
Here’s another motivational message from my friend Arnfried at Be Motivated Today. This is one that I have a different opinion about and you can read my response to it in the comments.
We all hate it when things happen all around us and we have no control or part to play in the events. Like when a family member is ill and we can do nothing about. Or when others are struggling and we can’t help them.
But we also hate it if things are not working out in our life and we feel we have no control. Perhaps in our marriage, parenting, friendships or finances. The good news is that you have more control than you think! You want to make things happen yourself and you can. You may feel at times that there is nothing you can do, but most times you can pick up the phone, make a call and get some advice. Then follow the advice. But you have to make the first move. Take the initiative to improve things for yourself.
Here is a joke I heard many years ago: Continue reading
From The Field: Monroe County Judicial Sale 2012
On Wednesday, May 2, 2012, I went to the Judicial Tax Sale held by Monroe County, PA. As an investor and 3rd party bidder, I went with the intention of picking up properties for much less than current market value. I had not been to this particular auction since 2007, when after moving to the county in 2006, I discovered that the state I moved to was a tax deed state. Before that I lived in New York City, where tax liens are issued against property and then go through the foreclosure process if the liens are not paid. In Pennsylvania if someone does not pay their property taxes for two years, their property is then sold at auction to the highest bidder. I did not have high expectations on winning properties that I had my eye on, but the hope was ever present. Continue reading
Answers To Questions About Florida Tax Liens
With the Florida online tax lien auctions coming up I’m getting a lot of questions about bidding at the online Florida Tax Sales. So here are answers to a couple of frequently asked questions about the Florida tax lien certificates:
Question: Why do investors typically bid down to .25% in Florida? Continue reading
Buying Tax Liens Online Update
I created the online home study course, “Buying Tax Liens Online”, back in 2009. And because the number of counties offering online tax sales increases each year the course is continually being updated. Not all states have online tax lien sales, but there are new counties that have online tax sales each year. That’s why I update the Buying Tax Liens Online course each year.
This year there are new counties in Maryland and Louisiana that are having their tax sales online for the first time. I’ll be revealing these counties as well as the dates of the sales and the website for the tax sales in my Members Webinar Training on Wednesday May 9. This is a very timely training because these tax sales are coming up in May and June. Continue reading
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