I know what your thinking, is there a such thing as a great talk with a BK lawyer???
Yes when you’re shopping for screaming deals on houses!
She told Concetta and I that her colleagues all predict that there will be even MORE forclosures in 2010!
That means the bottom is still quite a ways in the distance.
This affects us in two ways-
1) Folks definately are not paying their taxes, so it will lead to even higher chances of you picking up a property from a tax lien investment. Some areas are as high as 90%.
That means that if you buy 10 tax liens for an average price of $200 a piece, you’ll end up owning 9 of those houses!
9 house for $1800…do you think you can make a life changing profit off of that deal???
2) Buying homes out-right will lend itself to an all time profit margin for investor and the chance at a bargin dream home for everybody else.
You’ll be able to buy the home of your dreams for between 70-40% of it value just 3 years ago.
A million dollar house for $400,000…that is what dreams are made of!
Learn more about the market and how to take advantage of it!
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
Tax lien property investments are really not that new Many would be investors still do not know how to use them to complement their other investments today As the stock market is not the only means of appreciating an asset base cash anymore Some others feel that the roller coaster ride on Wall Street often leads to sleepless nights and upset stomachs Not so when you invest in real tangible properties via this little known method
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
Well, the Weld County results are in. It was an internet auction held by RealAuctions.Com and the results are very interesting.
First thing to keep in mind is that a lien in Colorado that is sold this year and redeems on the last day of the redemption period (three years) would earn a total of 45% on the taxes owed ($450 on a $1,000 lien). Also keep in mind that the premium you bid you don’t get back. With those thoughts in mind, here are the results.
There were 1,462 liens sold and 165 liens struck off to the county (no bids).
The sane people:
1,280 liens were sold at an average premium bid of 5.80% of the lien amount, i.e. if the lien was $1,000 it took an average bid of $58.00 to buy the liens.
50 liens were sold at no premium whatsoever.
The escapees from the “Happy Dale Home for the Mentally Bewildered”:
132 liens were sold at a an average premium of 75.50%, in other words on a $1,000 lien they bid a premium of $750.50! Remember, if the liens redeem the last day they would make a total of $450 on that lien or, in other words, they would lose $300.50. The only chance they have to make any money on these liens is if they don’t redeem and Weld has a very high redemption rate.
And the prize goes to a bidder who bid a premium of $600.00 on a lien that was $28.99 or a premium of 2,069%!!! - what were you thinging? Or were you thinking at all?
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
The third step is to sell the investment property, or put in place some method for making money off of your initial financial investment if you get the piece of land.
This might mean selling the property as many people do. If you spend even as much as $1,000 to purchase a piece of land, and sell it for $30,000, it’s not hard to see how this can very quickly grow into a very significant amount of cash in your pocket.
The other way is to rent out the piece of land if it has a house on it.
This can very quickly turn into a few hundred dollars a month worth of income. For most people, it would only take four or five of these rentals to replace their current income from a job and allow them to quit and turn real estate into their full time income.
Tax liens can allow you to very quickly acquire your first investment property and get started toward building a significant financial empire of your own.
With the right education, and the drive to take the steps, it’s more than possible for you to make several hundred thousand dollars your very first year and be able to completely quit your job.
It only gets better from there as you begin to have equity you can use as money when you keep some of the properties for yourself. The sky is the limit, and the sky is as high as you want it to be.
Finally a smart place to put your money!
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
A tax lien is a lien imposed on property by law to secure payment of delinquent taxes by the state and county In terms of safety of investments tax liens provide an assured repayment backed by your state and county A tax lien auction can take place when the state or local government imposes a courtordered auction for your property taxes Foreclosing on your tax liens in some states requires a petition to the county court to get the deed to the property Long term goals of investing in tax lien properties should be wellresearched before making any rash investments In terms of picking a high yielding investment tax liens can bring decent returns if bought wisely
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
South Dakota has changed their tax sale laws, House Bill 1069 now requires the counties to keep all tax liens and not to sell them. What now happens is the county, after a period of 3 to 4 years (depends on city or county land) will be able to sell the property in a tax deed sale. Unfortunately, the time of the sale is a county option and no specific time for sale is set. We will get you more information over the next few weeks.
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Share This
