For the first time there will be three Colorado Tax Sales on the web. For the last couple of years Jefferson County has held a web sale, but this year they will be joined by both Denver County and Weld County. Jefferson County will be October 18th, Denver County will be November 6th, and Weld County will be November 1st.
These Colorado counties have pretty good real estate on their sales although the foreclosure rate in Colorado has been one of the highest in the nation, there should be some good values for tax lien sale investors.
One word of caution - remember that in Colorado the amount you bid above the taxes owed you do not get back, so make sure you have done your due diligence and that you don’t get carried away. Also, don’t forget that this is a three year redemption period so you have to be able to post subsequent taxes for the liens that have not redeemed.
Good luck and good bidding!
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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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
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This years Colorado Tax Lien sale will have the highest interest rate in six years. This years rate will be 15% (Colorado is the only state with a floating rate that is set each year based on the Federal Reserve Discount Rate). The sales will be in October, November and December, depending on the county.
Please remember that Colorado has a bid up system where most counties sell the lien to the bidder willing to bid the highest premium over the taxes owed. You DO NOT GET THIS PREMIUM BACK, so don’t get carried away with your bidding. There are a number of counties that do sell some or all of their liens on a “round robin” bidding method without a premium. Keep this in mind as it eliminates the risk of a bid up system. As always, you can get the lists at www.TaxSaleLists.Com
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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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
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The Oklahoma tax sales will be held the 2nd of October. The lists are being posted on www.TaxSaleLists.Com for those of you who are interested. Oklahoma has very substantial lists, for example - Oklahoma County has over 10,000 parcels on their sale list this year.
The state is a lien state and pays 8% interest.
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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The second step is to get in touch with your local county courthouse to find out what is available and up for auction. They will usually have a list that you can choose from to bid on in order to acquire your first investment property. Once you place a bid and win, which usually takes less than 6 months, you sit back and wait for your return on investment, or the deed to the place you bid on.
You will either get all of your money, plus interest back, or you will get the property you bid on. It’s really this simple.
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.
Houses for Pennies on the Dollar
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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STROUDSBURG, PA — About 500 properties are scheduled to go on the Monroe County auction block Wednesday to satisfy back-tax bills, although the number continues to decline. That’s because some individual buyers are paying off their outstanding county and municipal tax bills as the auction draws near.
“We’ve actually had quite a few stop by today,” Greg Christine, director of the Monroe County Tax Claim Bureau, said Friday. “Monday, Tuesday and Wednesday we’ll probably have people come in right up to the sale.”
Properties from every municipality are on the sales list. The minimum bid price — typically a few hundred dollars — covers the back taxes and administrative costs associated with the sale.
But successful buyers are responsible for paying any outstanding mortgages and other private liens on the properties. Sometimes lenders bid to buy back the properties to protect their investments.
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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One of the easiest, cheapest, and most profitable methods for acquiring investment property is to use tax liens.
Tax liens are a very simple method that will allow you to start building a portfolio of investment property for literally pennies on the dollar. Here are 3 simple steps for using tax liens to purchase your first investment property for very little money up front.
The first step is to understand what tax liens are, how they work, and why the government even has such a system in place. When someone purchases a house or land or anything else of the sort, they agree to pay a certain amount of taxes to the government every year.
When they fail to pay, the government places a lien against the place until they get their money. This has to come out of someones pocket, so the government has created a reward program for people like you and me in order to get the money they are owed.
When you pay the back due amount, the original owner is expected to pay you the money you invested, plus interest.
When they fail, you then get full rights to the place completely free and clear. This usually means you can acquire a property worth hundreds of thousands of dollars for a little as a few hundred to a few thousand dollars.
Make your Fortune with Tax Liens
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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Accomack County, Virginia, will clear some of the the hundreds of thousands of dollars in delinquent real-estate taxes from its books tomorrow in a massive auction of property in one of the Eastern Shore’s most talked-about developments.
At noon on the steps of the circuit courthouse, a Yorktown attorney hired by the county who specializes in tax collections will sell 32 lots in Captain’s Cove, which features 4,800 lots, a redesigned nine-hole golf course, community pool and plans for other amenities, including a new clubhouse.
It’s the first Accomack County delinquent tax land sale in recent memory.
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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The second reason that tax liens are the best form of real estate investing is that the competition is usually very, very small. Very few people know about the power of tax liens, and even fewer people know they exist.
This means that you can usually get involved very easily without having to worry about being outbid or other sharks in the market taking a property out from under you. This makes it extremely easy, and valuable for anyone who wants to get started in real estate investing. Especially if you don’t have a lot of money to get started.
The third reason this is such a powerful investment tool is that the government wants you to purchase these properties. The government is not in the real estate business, so properties sitting around that no one is paying on is a thorn in their side. They want the taxes for the property, not the property itself.
If you are able to pay the taxes, the government wins. You make money, they make money, and everyone involved wins.
Tax liens are by far one of the easiest ways to get started in real estate investing because it allows you to purchase properties for literally pennies on the dollar.
There is no other way to purchase a property worth thousands upon thousands of dollars for as little as $100. It’s easy, simple, and involves the least amount of risk possible when it comes to real estate.
Tax Liens Made Easy
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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