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
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
Here’s another motivational message from my friend Arnfried from Be Motivated Today:
Monitor your progress regularly to determine whether you are on track to achieve your goals. Things don’t always work out according to plan. Then it’s time to evaluate and make adjustments.
Adjust your plans if you need to. It is better to change a deadline than to get despondent and give up on your goal. Constantly evaluate and adjust your plans according to the situation. The economy, your family responsibilities or your health may require a change of pace or plan. Don’t abandon the goal, just move the deadline.
Adjust your lifestyle. Consider habits which could be hindering the outworking of your plans.
For example. Your television watching habits could be adjusted to give you more time in the evenings.
Never give up on your goals! Continue reading
I want to thank everyone who attended my first Tax Lien Workshop and Conference. Thanks to you it was a huge success!
I’d like to especially thank our sponsors, Powerhouse Wealth Strategies, Tax Sale Resources, and Tax Title Services, and our speakers Kate Dougherty of Comian Investment Group, Charles Sells of Platinum Investment Properties West, and Attorney Tim Berry. Thanks to all who made this conference a great learning and networking experience! A special thanks to my sisters Susan Holden and Dina Caivano who helped with the administration, video, and technical stuff.
But most of all I’d like to thank the participants for making this such an incredeble networking event! I know that some profitable deals and working relationships were forged at the conference. Some of the participants are already accomplished investors, experts in tax lien and tax deed investing in their own right. And I was flattered and delighted when they told me that they learned a few things that they didn’t know before. Here’s what a couple of experienced investors had to say about the workshop and conference:
For others that attended, this was their first real exposure to tax lien investing and they learned a lot. Here’s what a couple of newbees that attended the conference had to say:
Collusion can get you jail time and huge fines….. Don’t Do It!
It seems innocent enough, you go to a tax sale and notice that there is a discussion among the bidders before the tax sale about which properties they are going to bid on. The tax sale starts and the interest rate is not bid down on many of the properties. Most liens are won at the maximum interest rate. This might seem good to you, after all you’ve been told that you can get the maximum rate on tax liens, but it’s illegal. Collusion at a tax sale in most states is a felony and can result in jail time along with hefty penalties.
In the last couple of years there have been ongoing investigations in the states of Maryland and New Jersey, with a few tax lien investors being indited for collusion at tax sales. Because of this, it is getting more difficult to get tax liens at those high rates of return. Some of the institutional buyers are now bidding down everything, just so they won’t be accused of collusion.
Another thing that is getting tougher for tax lien investors in NJ is getting liens at the maximum rate if you are the prior lien holder. Some tax collectors consider it collusion just to announce that you are the prior lien holder when bidding and won’t allow it. Continue reading
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