2009 August « Never Get A Job

Finding Funding for Real Estate Deals- 5 Unique Ways to Find Funding For Real Estate

This real estate guru actually offers partner with you on your real estate deal if you can’t find the funds– unbelievable:
If you’re looking for a new way to invest in real estate- or if you’re a tax sale investor and want to learn how to get tax properties without attending auctions and bidding against other bidders- Rick Dawson, a Chicago area real estate expert, offers a free mini course on buying tax properties before the auctions at his site, Go Ahead, Be A Deedgrabber!. You can sign up there for a free mini course via email- it’s definitely worth exploring!

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5 Unique Ways to Find Funding For Real Estate
By Dave Lindahl

Despite the current slump in the housing market, it can be an attractive time to acquire funding for a real estate property. I made my move into the real estate business at a time where it was not a sure thing, but I have comprised key skills that continue to allow me to not only survive the slump, but profit from it. I had a mere $800 to my name when I decided I too wanted to make real estate work for me. Over time my success keys have been shared with others, and I will share them with you.

There are great ways to obtain the capital necessary to launch a future in the real estate market. We will look at five, though there are many.

Grants:

The government dishes out millions of dollars each year in grants to those seeking funding for real estate ventures. This is mainly because one of the government’s main duties is to provide housing for U.S residents. Not only are the grants there to help the brokers, but also acts as an outsourced entity for the government. There are not only federal grants for which you can apply, but also state level grants as well.

Private Investors:

If you can be provided with an opportunity to sit down with someone who is willing to entertain putting forth a little investment capital for a possible venture, wear your best suit and tie. Have a professional proposal detailing your outlying costs and show the bottom line of your profit margin. A Private investor will be more concerned with your bottom line than perhaps, a bank would. Chances are your investor will be looking for a faster return on their money than a financial institution will.

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This real estate guru actually offers partner with you on your real estate deal if you can’t find the funds– unbelievable:
If you’re looking for a new way to invest in real estate- or if you’re a tax sale investor and want to learn how to get tax properties without attending auctions and bidding against other bidders- Rick Dawson, a Chicago area real estate expert, offers a free mini course on buying tax properties before the auctions at his site, Go Ahead, Be A Deedgrabber!. You can sign up there for a free mini course via email- it’s definitely worth exploring!

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The seller (can you believe this?):

Yes, you can possibly obtain the money needed for a property from the seller. It may benefit the seller more to finance your purchase than to maybe face foreclosure. In some instances the seller is willing to add additional monies to the price of the property to account for the down payment and closing costs. This additional money may need to be covered in a certain time period such as a deferred down payment. It will increase your interest to carry that extension on your balance; however it will buy you some time to earn more capital.

Liquefying any assets:

If you feel strongly about entering in to the market and have tried other avenues to obtain capital; you may think about liquefying any available assets. You can cash in any stocks, bonds or other savings. Also you may contemplate turning over your 401K in hopes that you can replenish your retirement fund with a much more lucrative investment in larger sums. Especially if you can invest then into a CD account which yields higher interest.

Loans:

If all else fails, It is still possible to obtain an investment loan from a bank or credit union. You may be required to possess a higher credit score and/or have substantial collateral to convince the bank to fund your venture. In this instance you may or may not receive the full amount necessary, and will also need to consider the interest rate that will be assessed above the loan. This will be essential when completing a bank proposal.

Don’t stop here- there are many other ways to do real estate deals!

David Lindahl, also known as the “Apartment King” has been successfully investing in single family homes and apartments for the last 14 years and currently owns over 7,000 units around the US. David regularly shares his secrets and experience on the same stage as Tony Robbins, Robert Kiyosaki, and Donald Trump!

August 17, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Foreclosure Homes Offer a New Investment Route

If you’re looking for a new way to invest in real estate- or if you’re a tax sale investor and want to learn how to get tax properties without attending auctions and bidding against other bidders- Rick Dawson, a Chicago area real estate expert, offers a free mini course on buying tax properties before the auctions at his site, Go Ahead, Be A Deedgrabber!. You can sign up there for a free mini course via email- it’s definitely worth exploring!

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Tax Foreclosure Homes Offer a New Investment Route
By Kevin Simpson

Tax foreclosure homes – understood and ventured forth, will offer a new investment route for the plucky and innovative. In the case of tax foreclosure homes it is the government agency that forecloses on the owner of a house for not having paid due taxes. A lien is placed on the house and the owner is notified to pay the dues within a specified times. If the owner fails then the house is foreclosed, put up for auction and sold to the highest bidder.

The government goes about its day-to-day business by collecting taxes. Hence it is urgent for the government to see that this collection is not interrupted. Taxes can be paid either in every quarter or annually.

For the investor it is a good chance to invest in a tax lien certificate and take advantage of tax foreclosure homes to make neat profits. If the house is mortgaged the lender is in general particular about paying taxes. Anyone from the public can buy these tax lien certificates. By it the government gets its required money and keeps running. There is a redemption period for the owner to clear dues with penalty and fees. If the owner wishes to do so the money is deposited with the county clerk and the lien on the property is removed. The latter gives the purchaser of the tax lien a cheque and usually the amount is much higher than what the purchaser had originally paid the government towards taxes. If the owner fails to clear dues within the redemption period then the ownership reverts to the purchaser of the lien. So in all the cases the move proves to be profitable for the purchaser.

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At the public tax lien auction one can buy the tax lien certificates. The owner of this certificate may expect an annual return ranging from 16%, 18% and going up to 50% on what was originally paid. If foreclosure takes place then the investor can become the owner of the house, after removing or clearing all other junior liens. The latter are liens placed on the house by other creditors. The government has precedence over all other creditors.

The owner of a tax lien certificate does not have to do much apart from sitting, watching and waiting. When the owner pays up the dues the purchaser of the certificate returns it to the county clerk in lieu of a cheque.

Tax lien certificates bought against tax foreclosure homes are safe investments. There is absolutely no risk involved. The tax dues get precedence even before mortgages. These are available in every county.

The procedure for obtaining tax certificate against tax foreclosure homes differs from one state to another. In some states it is simple and all that one has to do is to make a petition before the county court. But in others it may be time and money consuming wherein the help of an attorney has to be taken. But it is worth the effort in all cases.

For more information about foreclosures for sale, please visit us at: http://www.foreclosurewarehouse.com

Kevin Simpson, GM Sales & Marketing, http://www.ForeclosureWarehouse.com.

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August 17, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Lien Homes For Sale

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Tax Lien Homes For Sale
by Stuart J Miller

Tax lien homes for sale can mean one of two things. 1) The government has attached a lien (certificate) against a taxpayer’s property due to taxes not being paid on time; meaning the government will sell a certificate to the highest bidder who then will pay the property taxes for the owner who can not or will not. This certificate gives the investor the right to collect total amount owed by the property owner and any penalty interest the property owner must pay for not paying his debt on time. A certificate gives an investor NO property rights what so ever. 2) The government after a predetermined period of time is up waiting to be paid on taxes that are over due; is selling a non-paying owners property to the highest bidder to get the tax money one way or the other. This transaction Is called a deed sale and entitles the winning investor full ownership rights to the property in question.

Basically put the reason this type of investing can be so lucrative and at the same time be so safe is do to the fact that if an owner does not pay taxes on or before a certain deadline, the owner will have his property sold out from beneath him by the government. So over 98% of owners end up paying their taxes. Making this investment one of the safest investments going. If they do not pay, you the investor may be able to take ownership of the property for a fraction of what it is worth. Maybe 25%, or 35% off and in extreme cases you may be able to buy the property for 70% – 80% less than the value it is worth, now that’s a deal.

What if the non-payer ends up paying his bill (remember the 98%+ that do) what happens to the certificate holder then? This investor once the delinquent non-payer settles his late tax bill will return the certificate to the government who has not only collected the back money owed but has collected interest that the late payer had to pay you the investor for originally covering the tax payment due and settles up with you. So you get your initial investment back plus a nice additional interest fee that can be 14%, up to 18% or more of the bill depending on the legal terms predetermined by state government. When done correctly it can seem like taking candy from a baby.

Stuart J Miller is enamored with tax lien investing. If what you have just read grabbed your attention on the possibilities of investing, go to TAX LIEN HOMES FOR SALE for more information and a complete ‘System’ to show you how to invest in profitable Certificates and tax deeds.

Plus receive these 3 bonuses FREE-

1) Exclusive private invitation to attend a one-of-a-kind Q & A teleseminar with the tax Lien lady,
2) How to use a Self-directed IRA to invest in tax lien certificates and deeds,
3) State guide to tax lien and deed investing in every state.

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August 15, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

What Is A Tax Lien And When It Is Used?

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What Is A Tax Lien And When It Is Used?
by: Gray Rollins

A lien is defined as the right to hold or sell property that is owned by an individual who owes debt. The property is often sold to make payment on the debt or the property is held as security until the debt is paid off. There are many financial institutions that use a lien to obtain the amount of money owned to them. In addition to financial institutions, the federal government also uses tax liens to obtain money until their debt is paid off in full.

When the federal government makes a tax lien claim on a property, there is really nothing a taxpayer can do besides pay the amount of money they owe or try to work something out with the Internal Revenue Service (IRS). Since the Internal Revenue Service (IRS) is mostly interested in getting their money and nothing else, taxpayers may wish to hire the services of a professional tax attorney. Professional tax attorneys are experienced with dealing with the Internal Revenue Service (IRS) and developing a solution that benefits everyone involved.

When the government takes hold of a property they have a number of things they can do. Most county governments offer what is called a tax sales auction. This auction is open to the general public and the public can purchase the property or purchase a debt that will be later paid off. When an individual is purchasing the debt instead of the property it is as if they are loaning money to the taxpayer who is behind on their taxes owed. The individual who agrees to pay the amount of taxes due on the property will have their name placed on a lien certificate. This certificate will be used in case a property owner still is unable to make good on the amount of money he or she owes. At this time the individual who purchased a lien on the property has the right to foreclose on the property if they wish to do so.

In addition to auctions where only a lien certificate is purchased, there are tax lien property sales. These sales are also open to the general public and they are often performed as an auction. When an individual is the winning bidder at deed sale they become the new owners of the property. These new property owners will not be responsible for any previous mortgages or previous liens. http://www.taxhelpdirectory.com/taxliencertificate/.

A tax lien is often imposed by the government as one last chance to try and obtain the amount of money a property owner owes them. Once a lien tax has been filed against an individual and their property, their credit may be damaged. A lien imposed by the government often prevents individuals from being able to purchase new properties,, new vehicles, or even lease an apartment. If you are unable to pay the amount of money owed on your taxes it is important you contact a tax attorney today. Take action now and learn about your tax lien options before it becomes too late.

About The Author
Gray Rollins is a featured writer for the Tax Help Directory. To learn more about tax liens, visit http://www.taxhelpdirectory.com/taxlien/ and to learn more about general tax information, visit http://www.taxhelpdirectory.com/taxes/.

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August 15, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Lien Property Investing- Tax Lien Property For Sale – How to Find Them For Free

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Tax Lien Property For Sale – How to Find Them For Free
by Brandon Dillion

Finding a tax lien property for sale is pretty easy. Finding a property that is worth buying, especially in today’s economic climate, is a bit more tricky. My goal with this brief article is to show you 3 different ways to find pending tax lien sales worth buying… and how to find them for free.

But first, the basics…

What are tax lien sales?

A tax lien sale is when a government agency auctions off any tax liens against a property to recoup any delinquent taxes against the property. These sales are usually conducted by the tax collectors office or the sheriff´s office.

It is important to note that there are two different ways for the government to collect delinquent taxes. One would be this type of sale (tax lien sales), and the other is known as a tax deed sale.

In a tax lien sale, the investor is buying the lien itself. The winning bidder will receive a certificate at the end of the auction that entitles the investor to collect payments for the delinquent taxes, often at a high interest rate. This certificate also allows the investor to foreclose on the property after a specified redemption period if the taxes remain unpaid.

In a tax deed sale, the real estate itself is put on the auction block. The winning bidder takes possession of the property in the form of a tax deed.

Whether your goal is to invest in tax liens or to bid in tax deed sales, the first step is the same: Identifying properties that have tax liens against them.

Where are tax lien records maintained and recorded?

More times than not, tax liens are filed and maintained at the state level. This means two things for you as an investor:

1. There may be a bit more legwork involved (these databases are seldom on the internet)
2. If there is more legwork, there is a much higher chance that you will find worthwhile properties

Generally speaking, the easier it is to find an investment opportunity, the less valuable it is. As my mentor always told me… “Always look for problem properties… and look where nobody else is looking.” The best deals are always the ones not many people know about, or the ones that not many people know what to do with.

With that said, this is…

How to find tax lien properties in your state

1. The county recorders office

This is the most time consuming strategy, but is very accurate. Every county in the U.S. has a place where public record is recorded. This would include things like deeds, wills, notices, mortgages and both federal and state tax liens.

Many times there will be a computer on site where you can search across the records. Doing a search for something like “tax lien” will usually uncover a vast list of properties that you can then pay to print out.

2. Tax collectors office

The tax collector usually maintains a list of properties that are going into tax deed sale as well as properties the state is offering tax lien certificates against. Give them a call to make sure they maintain such a list, and it isn´t held at the Sheriff´s office. Then ask what the procedure is to get one of these lists. They may give you a bit of a hard time; simply remind them that this information is public record and you should be all set.

3. Local Newspaper

As part of the sale process, the county must give “public notice” of all upcoming tax sales. These are always either before or after the classifieds. Go through this section religiously… it is your new golden goose. Make note of the properties that look interesting, and do your due diligence from there.

4. Subscription based list services

This is the only strategy that will cost you some money… which is why I didn’t mention it earlier. Consider it a bonus.

Honestly, these types of services are a dime a dozen. Some are better than others. The biggest benefit is the speed that you get access to the information. Always look for ones that update often; generally speaking, locally based websites are better than national ones. If you do a basic search on Google you´ll get a list of plenty to choose from.

And Remember: Always, always, always do your due diligence BEFORE going to any auction. If you do not, you will get burned.

I have a friend that thought he bought a $100,000 house for the $10,000 tax lien against it… before he realized there was an additional $150,000 “hidden” lien. Don´t let this be you.

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August 14, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Government Property Tax Sales

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Government Property Tax Sales
By G. Gigliotti

Tax certificates result from properties that the owner has not paid the taxes on. Therefore, the government puts a lien on the property and lets you pay their taxes for them. You receive your money when the owner pays back the taxes. If the owner doesn’t pay the back taxes, you could receive a great 3 bedroom, 2 bath home for $5,000!

To start investing in government property tax sales, first you need to find your county’s property tax website or contact information. To do this, go to Google and type in your county and state + “property tax collector”, “property treasurer” or “property taxes”. Once you locate your county’s property tax office, look on their website, email or phone them and find out where you can find a list of their “delinquent tax properties.” (sometimes it will be on their website, or in a local newspaper). Also ask when their tax sale is held and for a copy of the rules of their government property tax sales. (Keep in mind that different counties and states call the government property tax sale by different names such as: tax deed sales, tax lien certificates sales,and tax levy sale…but they’re all the same thing.)

Once you have found a list of the properties available, you should find out which real estate properties are valuable for you to bid on at the tax deed sale and which ones you should cross off the list. To do this, visit your county’s property appraiser website and search the public records for each property listed in areas that you desire. Most counties have this info online. If your county doesn’t, then you must go to your county property appraiser’s office to look at paper hard copies of the delinquent property records. Overall, the best properties you should focus on are the ones with the lowest risk and easiest potential to sell in case you end up owning the property. You should avoid vacant land as a beginner because this is the riskiest. Single family homes in decent to good neighborhoods are a safe bet and should be your focus. Begin to narrow down your list to properties you are interested in according to area, recent sales history, and estimated home value.

To find the estimated home value of a property look on your county’s property appraiser records website or do a search in Google for home value search or use a website such as CyberHomes to get an idea of the estimated home value.

Take your list of the best properties and go visit them in person. Get a feel for the neighborhood, the outside of the home, take pictures and notes. I can’t stress this enough. It is critical that you visit the property. I have done research on properties that looked like gold mines on paper, but when I actually saw the home in its current condition, I found that a car had wrecked into it and took out the brick wall side of the home! Believe me, you will thank yourself for spending the extra time to visit the property. Once you get a few tax lien certificates or tax deed sales under your belt, you will be able to quickly analyze and pick the best properties.

Before you go to the tax lien certificate auction or tax deed sales, you should already know what properties you want to bid on, and what your maximum bid will be. (As a general rule of thumb, you should always keep your max bid to at least 60% or less than estimated market value of the home to leave room for profit and unexpected repair costs, etc.) If you win the bid for a tax certificate or tax deed and the delinquent owner pays his taxes, you can expect a nice return on your money sometimes 20% or more! If the owner doesn’t pay his taxes, you could find yourself becoming the owner of a new new piece of real estate that you got a a bargain price…thanks to your effort and research. Either way, if you do it right, it could be a win-win outcome and an exciting project. Much safer than investing in stocks, and a much greater return on your investment than a bank savings account.

Government Property Tax Sales Warning and Tip:
Investing in real estate tax lien certificates and tax deeds can be very profitable and fun. It does however involve research of properties to minimize risk. This article just gives a brief overview of the process but doesn’t leave enough room to expand on the valuable details. If you really want a detailed step by step guide on investing in tax lien certificates, check out Creating Wealth Without Risk It is a down-to-earth guide on tax lien investing written by Steven E. Waters, who is an authority on tax lien sales and has everything you need to know to get started, without all of the fluff and empty promises that some other books and websites say about tax lien certificates.

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August 14, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buying Tax Certificates By Mail Can Be Profitable- IF You Take The Right Precautions.

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Buying Tax Certificates By Mail Can Be Profitable- IF You Take The Right Precautions
By Carlos Scarpero

Tax lien certificates can make a great investment. If you are not familiar with tax lien certificates, then see my article entitled “An Introduction To Tax Lien Certificates.”

Many people want to invest in tax lien certificates but stop themselves because they think that they need to go to the live auction to do it. Yes, it’s entirely true. The most common place to invest in tax lien certificates is at the live annual auction. The auction varies by state and even county, so check with your local county tax collector to see when they have their auction.

Can I let you in on a little secret? I have been investing in tax liens for several years now and have NEVER been to a live auction. How can that be, you ask? Easy! I invest in Over The Counter certificates (OTC).

So, what is an OTC certificate and how can you profit from it? An Over The Counter certificate is one that did not sell at the live auction. In many states, when the certificate does not sell, it is “struck off” to the county. The county simply has a list in their office and you just call them up and get it. Then, you do some research, pick out the ones you want and get the lien without any traveling or hassles.

Just because you can buy tax certificates Over The Counter, should you? Well, maybe and maybe not. Remember that in most cases, Over The Counter certificates are liens that did not sell at the regular tax sale. So, there are some precautions that you should take to make sure that you are getting a good deal.

First of all, start with counties that have websites. Luckily, nowadays it is very easy to find a county with a good property research website. Then, you simply enter the parcel number into the website and it will tell you what is there, and how much it’s worth. Ideally, you want to find properties that have a structure already on them, but it’s not always easy to find.

Next, you need to see the total taxes due from all years and compare that to the tax valuation. The reason you need to know this is that in the event of a foreclosure, you will need to pay off all the back taxes. The worst thing is to find out that there are more due in back taxes than the property is worth.

Once, you find that out, then copy down the legal description and call the local Realtor. Tell them that you are planning on investing in a certain property and may eventually need their services to resell it. I have never had a Realtor not give me an honest opinion of an area. Many times, they tell me NOT TO BUY there and that’s ok too. It’s better to find out now than to find out when it’s too late.

And there you have it! With proper planning, you too can be an armchair investor.

About the author
Carlos Scarpero is an experienced real estate investor who specializes in land. On his blog at http://www.scarpero.com/real_estate, he discusses innovative and creative real estate strategies to make your real estate investing more profitable.

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August 14, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

“Investing In Real Estate The Right Way” By Art Gib

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Investing In Real Estate The Right Way
by Art Gib

When it comes to buying real estate some people are operating under the delusion that they can purchase real estate from the government for pennies on the dollar. As seen on the late night infomercials that air on television, there are a few successful people that are making a fortune in the real estate world by bidding on government ceased property. The truth is that only a handful of investors are actually able to buy houses at very hard to find government auctions for two or three hundred dollars.
Although it sounds like a good way to make money in real estate the actual amount of work involved in finding a tax lien ceased house is near impossible and the real money made by these late night infomercial making investors is through the sale of their programs and books that show how to make money by buying low and selling high. Even with the legitimate claims of those that have successfully purchased properties from the government that have liens on them the number of actual property available to the general public is extraordinarily low and extremely difficult to find.
While it is true that buying low and selling high is the best way to invest in real estate it is better to find bargains at real estate auctions that are held on a monthly basis by banks that have claimed houses through defaulted loans and foreclosures. Real estate investors find that buying from the auction is a good way to turn a profit, however even with the bank auctions being open to the public for anyone to attend there are some guidelines that need to be followed.
First a cashiers check for $5,000 is required for any property sold at auction before the end of the auction. This means showing up with a cashiers check in hand before you should bid on any house. Second, the remaining balance of the money to pay for the house being bid on is due in full the following day, typically within twenty four hours of the auction. This means that the winning bidder will have to have all of the money to buy a house in a bank account before they go to the auction. While auctions can save a great deal of money on the value of a property the buyer should know that houses are still starting out at a minimum bid that is based on what the bank is owed for the property and does not start at one, ten or one hundred dollars, but more likely at fifty thousand dollars or more depending upon the house and its location. While it is possible to buy a million dollar mansion for half price not ever house is offered for such a bargain and the average houses are fetching five to fifteen percent off their value.

Even with the deals in real estate that do take place through auctions and government lien sales, the best deals on houses can be found with the help of professionally licensed real estate agents that know the current market conditions and can find sellers that are willing to deal.

About the Author
Re/Max Mississippi (http://www.remax-mississippi.com) provides buyers and sellers with real estate maximums quality professional service. Art Gib is a freelance writer.

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August 13, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

“Tax Foreclosure Homes for Sale” by Joseph Smith, Jr.

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Tax Foreclosure Homes for Sale
by Joseph Smith, Jr.

Whether you are an investor looking to buy and flip the property, or you are a first-time buyer for a vacation home that suits your family’s vacation needs; with our detailed property listings and information on tax foreclosure homes for sale you can rest assured that you will find one of the best deals of the market at our website.
Tax foreclosure homes for sale, may seem like an investment only for people looking at second homes. However, you would be surprised at the bargain deals that you can find in areas like Los Angeles and Florida where families from all over the US look forward to spending their vacations

Why Tax Foreclosure Homes Are a Great Investment
Vacation homes might seem extravagant in these times of recession; however with a smart investment proposition tax foreclosure homes for sale, can be one of the best buys in today’s real estate market. When you’re done with your vacation, you can actually rent out the tax foreclosure homes for sale and contribute to your mortgage payments through the rental income.
Many homeowners ignore the payments due to the IRS, and as the tax liens on their mortgages amount to a substantial value the IRS is forced to repossess the properties and sell them off to mitigate their losses. In this case the government becomes the new owner of the property, and tries to dispose off tax foreclosure homes for sale as urgently as it can in order to ovoid spending thousands of dollars in maintaining these properties while waiting for a good bargain to come their way.

Plan Before You Buy
Before you consider purchasing tax foreclosure homes for sale, make sure you have figured out what budget you can afford. The market conditions may be favorable but if you do not make the payments you might end up having your home repossessed also. With the unbelievably low asking prices and a decline in property value of up to 40% from the previous value, you’re sure to find something that meets your budget requirements. For the first time in many years it is a buyers market and investing in real estate is a sure short way of securing return on equity.

About the Author
Joseph Smith has been educating buyers on the finer points of tax foreclosed homes for sale at ForeclosureHomesOnSale.com for over five years.

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August 13, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Real Estate Investing Mistakes- “Learn How to Avoid Bad Real Estate Investments” By Karlie Valentine

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Learn How to Avoid Bad Real Estate Investments
by Karlie Valentine

Investing in real estate has given numerous investors many benefits such as lifestyle satisfaction, improved cash flow, and tax benefits. Like any investment, however, real estate has intricate nuances and market trends that, when ignored, can cause an investor tremendous heartache.

The hard thing to understand is why so many new investors jump in to the market, investing their hard earned money, without doing the required research. They rely on traditional trends and gut feelings. It is essential to take time learning and researching your chosen market before investing. These are the 12 common mistakes you should aim to avoid to ensure you perform a successful investment.

1. Failure to determine your time need. Cash flow, capital appreciation, tax benefits, loss of management, equity paydown and pride of ownership are just some of the things that need to be addressed before you make that investment. An agent who is proven to give good service is a must. They will be a huge asset to your investment if they aid you in assessing your needs and ensuring you have all bases covered.

2. Failure to research your property agent. You need to ensure that your agent has all of the correct credentials. It is easy to get engulfed with all of the hype that goes with a new investment but checking things like expenses involved, rent rates, credit histories, future market predictions etc can be seen as providing yourself with an insurance claim over your investment.

3. Forgetting you are buying a business. Remember that investing in property is like opening a new business. It comes with certain requirments in order for it to provide a return. Not only is their the opportunity to generate great wealth but it also provides you with some very difficult decisions. Such as when to reinvest into the market, having to evict tenants etc.

4. Failure to avoid negative cash flow. Ensuring you have enough positive cash flow will avoid feelings of frustration and anxiety and the possibility of having to sell the investment prematurely. Being able to predict future market improvement is something that needs to be learnt quickly.

5. Failure to perform an adequate inspection – The worst thing you could do is invest in a property that is riddled with problems all because you didn’t inspect it properly initially. Look under every crevice and ask lots of questions! Get a professional inspector to assist you if needed but be prepared.

6. Failure to have comprehensive insurance. Investment property brings liability. Tenants, cars, parking lots, cleaning facilities, property liability – the list is quite extensive. Adequate insurance coverage is an absolute must! Be sure to consult with an insurance professional and protect your hard earned assets.

7. Failure to inspect, approve, and confirm all documents. There are many documents that need to be proofread when commencing any investment. Building permits, zoning laws, rental and lease applications, health licenses, laundry leases, underlying loan documents, CC&R’s, by-laws, title policies, mineral leases, inspection reports, purchase contracts, insurance… don’t attempt to do it alone. If you are not trained to look over these documents yourself then it is essential to employ a properly qualified professional to approve all of these for you and conclude the investment soundly.

8. Faulire to acquire a bill of sale for all property involved. Many kinds of personal property (appliances, furniture, fixtures, etc.) can be enmeshed in an investment sale. Be very detailed -ensure you know what belongs to whom.

9. Failure to charge fair rents. Tenancy vacations, turnovers and lease terminators are your biggest expense. Give your tenants the service that you would expect to receive if you were a tenant and don’t try and rip them off with huge rents It’s a lot less costly in the long run to take care of the little problems before they become big problems. A property without tenants can become your worst enemy.

10. Failure to select qualified, good tenants from the start. Take the time to check references. Previous landlords, employers, financial references, credit and judgments are all vitally important. If there are any questions do thorough research. Drive by their previous residence. A little work up front can save tremendous problems later.

11. Failure to make sure you get estoppel letters. Make sure any agreement that is in place is well understood by both parties to avoid any misunderstandings.

12. Failure to curb the spending of positive cash flow. Many of the successful investors in the world have debt free properties. You should aim reduce your debt as soon as you can by re-investing your cash back into your property mortgage payments which in turn raises your net worth.

Investment property can be one of the most rewarding aspects of your financial portfolio. Be certain to have all your ducks in a row before you invest. Do your homework! Don’t do anything alone. Work with professionals or proven successful investors to avoid finding yourself in damage control.

About the Author
Karlie Valentine is a mother of 3 from Brisbane Australia. She loves to cook, entertain, travel and spend time with family and friends. She is a home based entrepreneur who loves coaching other serious entrepreneurs to success.

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August 13, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Investing In Tax Property- “3 Proven Methods for Finding Wholesale Buyers in Today’s Market” by J. J. Mangan

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3 Proven Methods for Finding Wholesale Buyers in Today’s Market
by J. J. Mangan

How do I find buyers to sell my properties to? That is the ultimate question in today’s buyers’ market. Gone are the days of sticking a For Sale By Owner sign in the yard and receiving multiple offers within 24 hours. No, today’s market dictates that you have a plentiful supply of ready buyers to whom you can sell your wholesale deals. In this article, I’m going to show you some of the very best ways of locating wholesale buyers. Generally, these will be buyers that are willing to pay cash for your deals.

One of the very best ways to find buyers is to figure out who has already bought similar property in your market. To do this, you’ll need to find a list provider like RealQuest.com, MelissaData.com, or even the tax roll in your local county. What you want to do is get a list of investor buyers that have purchased houses in the last 6 months within the area(s) where you want to sell wholesale deals. These will be absentee owners for whom their mailing address differs from the property address. You can use zip codes to narrow down the relevant area.

Once you obtain this list, mail everyone on the list a postcard. Your postcard need not be anything fancy. I like to use the U.S. Postal Service’s system available through Click2Mail. Just send a simple card with message on the back of the card stating that you saw they bought a property in the area recently and wondered if they’d be interested in a deal you have available. Drive them to a website squeeze page to capture their contact information (so you can add them to your email buyers’ list). After they enter their info, direct them to the website where you display your deals.

The big advantages to this method over all others are 1) you’re capturing their contact info, so even if they don’t buy a deal from you now, you’ve got their email and can contact them about future deals; and 2) you know that these buyers are legit because they’ve already shown the ability to close on similar property.

Another great way to find wholesale buyers is to blanket the area around your deal with bandit signs. These are the ugly 18″ x 24″ coroplast signs you see everywhere on the side of the road and on telephone poles. Yes, they’re ugly, but they’re effective. On the signs, hand write a simple message like this – “3 bed/2 bath house, needs work, worth $100k, will sell for $40k CASH”. You’ll get a ton of phone calls from these signs; the caveat is they won’t all be qualified, so you’ll need to sift and sort a bit to find the true players. One word of advice: make sure you or someone working for you is able to pick up the phone when buyers call. That way, you can also request their email address, and you don’t have to worry about them not leaving a message.

A third way to find wholesale buyers is the use of social media. This is a relatively new method, but your competition is already likely building their buyers’ list through websites like Twitter and FaceBook, and you should be doing the same. The best way to do this on FaceBook is to join every real estate-related group in your area, then friend everyone in the group. Also, consider forming your own group and attract buyers to you that way. On Twitter, make sure you provide great content in your posts, and people will begin to follow you. Then, when you have a wholesale deal available, post it to your accounts. There are many other ways of finding wholesale buyers that work in today’s market, but for the purposes of this article, I’ve focused the discussion on three of the best methods that I know are working today.

About the Author
If you are looking for more Real Estate Investing strategies or are looking for big profit wholesale deals, visit http://www.PrimeRealEstateDeals.com. There, you can receive a Free Report entitled “How To Buy Wholesale Properties Without Taking A Bath”. You can also sign up to be on our wholesale buyer’s list.

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August 13, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Investing In Tax Liens- “Avoid the Pitfalls of Investing in Tax Lien Certificates” By Brad Owen

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Avoid the Pitfalls of Investing in Tax Lien Certificates
by Brad Owen

Today bank accounts may not be safe, the stock market is volatile, and investing in real estate may not be a good choice. Buyers beware of new exciting ways to invest your hard earned dollars. Many companies are standing by to take your money by convincing you that what they have is a secret, or difficult to accomplish, or even worse, guaranteed by the government. Buying a home for pennies on the dollar is by far the most misleading advertisement on the market today.
Typically, you will be watching an infomercial, where a sexy lady is half undressed standing next to a supposed successful real estate investor. The claim is made that you can invest your money into a guaranteed government backed program that allows you to purchase real estate at pennies on the dollar. They show examples of real estate that has been purchased for pennies on the dollar in order to prove the point.
The truth is that if you are going to purchase real estate for pennies on the dollar, it IS possible, but it takes time and knowledge in order not to lose money. First of all you will need to purchase a tax lien certificate on a property that you are interested in buying. Then you will need to wait for a period of time (up to 5 years) and hope that the owner does not pay his taxes. By the way 95% of tax lien certificates are redeemed by the owner of the property. Then you must foreclose on the property and it is yours!
Sounds easy? Wrong! First, tax lien certificates are not easy to find; second, the properties tax lien certificates are purchased on rights of way utility, mineral rights, and some may be worthless property; third, the county charges a fee to the investor, plus some counties require a deposit; and last of all, the larger counties charge a fee for just the opportunity to get your hands on the data showing all of the available tax liens.
Now to get to it… how to avoid making bad decisions when purchasing tax liens.
Tax lien certificates are issued from individual counties seeking to meet their budget. A tax lien is placed on real property when the taxes are not paid by the property owner. The investor buys the tax lien certificate for face value plus a fee, and then is promised by the county a fixed interest rate until the tax payer pays the taxes. Most tax lien certificates are redeemed by the tax payer. When the taxes are paid, the investor is paid the face value of the certificate, plus interest for the time that the taxes were delinquent.
It is not guaranteed that you will make money when you invest in tax lien certificates; in fact you can and will loose money if you lack the education and experience. Just a few examples include: buying tax lien certificates from online forums, EBay or other online auctions; purchasing tax liens directly from a government entity, paying the fees, then the tax payer pays the taxes the next month; buying tax lien certificates on a property that is not able to be sold for more than the taxes are worth.
With the proper education and experience any investor can take a good real estate portfolio and beat the interest rates given by money markets or the stock market. But there are ways to lose money investing in tax lien certificates… so investors beware!
Tax Lien School, LLC is a company dedicated to teach the truth about tax lien investing. They make it possible for educating anyone from any background to learn the business of investing in tax liens. They have an article entitled “Avoid the Pitfalls of Investing in Tax Lien Certificates” that contains more detail about this subject. They have a database that contains thousands of tax lien certificates available for purchase. They also have a one on one personal mentoring system to get you started quickly, without making mistakes.

About the Author
Brad Owen is the president of Tax Lien School.

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August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Sales Property Investing- “Making Money Off Government Tax Liens” by Rick Goldfeller

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Making Money Off Government Tax Liens
by Rick Goldfeller

There isn’t anybody with a mind functioning properly that likes the sound of the word “taxes”. Hearing somebody mention it only stirs up negative and sometimes blasphemous conversations, knowing that the government takes a part of every single income that flows into our pockets. In some areas, income taxes are so high that it almost feels like the government acts like a tyrant, pillaging us citizens. But there are some that actually love taxes, why? Because these individuals have found the brighter side to taxes, and use the problem in such a way, that it benefits them by making money.
The money making opportunity is made possible through government tax liens. Now you’re probably wondering how government tax liens work, taken that you have no idea as to what they are, maybe. If so, listen to the following explanation: we all know that everybody owning property has to pay property taxes, also known as real estate taxes, to the governing authority. The amounts in which they pay are dependent on the assessed value, which does go up as that value increases. For some, the amounts due here are beyond what they can afford, therefore slowly rendering them incapable of making any payments that are needed to be complied with.
When that happens, they become delinquent, and then the process of establishing its delinquency kicks in. After that process has been verified, the collection of these delinquent taxes must be done be the governing authority in charge of such. They will then be left with no choice but to implement the collection through a tax sales. Under this, we have basically two kinds, the first being tax lien certificates. What happens here is these certificates are auctioned off to buyers. Just like other auctions where you buy antique junk or furry animals, the auction starts off with a minimum bid.
And just how much is the minimum bid, you ask? The answer to that would be the total amount of taxes owed, plus the administrative charges on such, plus the interest on what’s owed. From there, everybody starts bidding. The certificate will of course be given to the highest bidder – so just how is the winner going to make any cash anyway? Simple: the delinquent payer would be required to buy the certificate back from the person owning it, plus at interest charge of around 17%. If in any case he fails to do so within the set payback period (as set by the governing body), the deed to the property will go to the owner of the certificate.
That’s bad news for the delinquent chump, but definitely good news for the investor/buyer. The 2nd variation of tax sales is none other than tax deed sales. In general, they’re pretty much similar to tax lien certificate, where the minimum bid starts at the total amount of taxes owed, plus the administrative charges and interest. The only difference is that you bid for the deed straight on, meaning the deed goes to the highest bidder, not giving the delinquent tax payer a chance to buy it back. Take note that the restrictions on the possession of the deed does vary from state to state, as well as the time duration set before you’re given the deed.
Having said that, it’s best that you familiarize yourself with the rules of each state, so you won’t run into any surprises when you get down to auctioning for government tax liens.

About the Author
The author of this article Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick recently published a book on how to manage your money and attract Wealth and Financial Freedom. More info on his Finance Planning course is available at http://www.SaveWhileYouSpend.com.

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August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Florida Tax Deed Investing- “Tax Deed Treasures in Florida – With Tax Deed Investing, Owning the Deed is the Goal” By Harry A Connor Jr

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Tax Deed Treasures in Florida – With Tax Deed Investing, Owning the Deed is the Goal
by Harry A Connor Jr

If you want to buy or own Florida real estate, Houses, Condos, or Land, or are interested in investing in Florida properties, and desire to be a serious investor in either, then the following information may be a perfect fit for you.
Florida is a ‘hybrid’ type of state in that it holds both Lien and Deed Sales – or Government Auctions of Tax Defaulted Land Sales. The Redemption Period in Florida is 2 years. This means that the registered owner of the delinquent property has the right in law to ‘redeem’ or pay the back taxes plus interest and penalties owed at anytime during that 2 year period, including right up to the moment of the public auction of the deed.
Some counties interpret this law in the favor of the delinquent property owner and even allow them to redeem right before the Tax Deed is signed over to the highest bidder. Because of this the investor in the lien has no guarantee of securing the deed. Some may do so only if no other party is interested in bidding on the property, but because of the Florida law, which states that every delinquent property must go to public auction, there is no guarantee of ever owning the property! This is the very reason why Tax Deed investing beats Tax Lien investing. With Tax Deed investing owning the deed is the goal!
Generally speaking those who invest in the Tax Lien Sales are investors with larger sums of money, or the ‘institutional investor’ who may have millions of dollars in which to invest in the Lien Certificates. For the complete Florida statutes see Florida Statue 197.542 ‘Sale at public auction’. Florida normally holds the lien sales once a year in May and is a ‘bid down the interest rate’ state. The top interest rate is 18% per annum, yet most larger investors bid down the rate to as low as .05% to secure the lien certificate, simply because the law states that if the property is redeemed all penalties and interest go to the certificate holder, and it is in their interest to invest in the lien because of this. But if the property does go to public auction, the over bid monies ‘by law’ should go to the original property owner, yet is often kept by the county if the original owner cannot be found, and placed in general revenue, but never goes to the Tax Lien investor. Research proves that often the institutional Tax Lien investor can be left holding the deed on an undesirable piece of land, like an easement or a wet land parcel, or even one with a sink hole. This is because they do not focus on what is known as ‘due diligence’, simply because it is impractical and time consuming to do so, as they are usually buying large blocks of lien certificates.
By the very nature of the Florida system it automatically sorts out the properties of Tax Defaulted Sales most likely to go to the government public auction of Tax Deeds from those that may waste the time of the investor who may desire to own the property without that investor (as in the Tax Lien investor) having to wait a whole two years to find out. The system itself refines the process and eliminates unnecessary work for the serious investor who would like to own and possibly sell the property at a profit. Put another way, the larger investor who may not necessarily desire to own the property, but wants to profit from the interest and penalties paid when the property either redeems or is sold at public auction works the ‘front end’ of the system – this can take over two years, and the smaller to mid-sized investor who desires to ‘grow’ a small nest egg, works the ‘back end’ of the system, and does not have to wait 2 years, working only four weeks prior to the public auction of unredeemed properties, and immediately wins the property at the public auction at the back end, if they are the highest bidder. The ‘front end’ investor has no immediate ownership satisfaction, but the ‘back end’ investor does.
Because of the nature of the Florida Tax System and Tax Deed Sales, the Florida Tax Deed system works ’smarter’, by focusing on the ‘back end’. Learn how to become an expert in how to secure the property, and finally how to profit from it by smart marketing.

About the Author
Harry Connor Jr is a marketing guy in Print and TV Commercial Production in general business and real estate, who loves the internet. For more information on what Harry is up to go here http://www.biz-zoom.com/ and http://www.taxdeedtreasures.com/

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August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Lien Foreclosure Homes-”What You Need To Know About Purchasing Government Tax Lien Foreclosure Homes” by Brent Jaworski

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What You Need To Know About Purchasing Government Tax Lien Foreclosure Homes
by Brent Jaworski

A tax lien is the lien placed on a homeowner’s property by the county or municipality in the intent to collect a debt. Specifically, it is the action taken by the government to satisfy delinquent real property taxes on real estate. The governmental agency authorizes the tax lien to collect any lien which consists of delinquent taxes, accrued interest, and the cost associated with the sales. In many jurisdictions, the tax lien is the initial lien on the property; thereby granting it permissible to be sold at a tax lien auction as a tax lien certificate.
After placing a successful bid, prospective investors at a tax lien auction would have purchased a governmental- issued tax lien certificate. Subsequently, a tax lien certificate allows the investor to obtain two (2) things; a state- mandated yield from the lien or title to the property. The yield from the lien commands that the delinquent taxpayer pays in order to release the lien. After a certain amount of time (set by the jurisdiction), the certificate guarantees you the title of the property if the delinquent taxes aren’t paid. As a tax lien certificate holder, your investment is generally safe. Occasionally, investors have lost money in such procedures; therefore it is wise to fully comprehend the rules and laws of the area that you are bidding in, and be cautious not to pay too much for the tax lien itself.
There are five (5) basic methods to invest in tax liens in the event that more than one investor seeks the same lien. The winner is dependant upon each state’s laws, of course. Firstly, the prospective investor can bid down the interest. With this method, a buyer can accept lower rates of return. The winner of the tax lien certificate is the buyer that has accepted the lower rates. The premium buying procedure suggests that the investor who is willing to pay the highest “premium” (or excess beyond the lien amount) is declared the winner. Unfortunately, the premium may or may not earn interest and the investor may or may not be reimbursed upon redemption of the lien. Some states awards tax lien certificates randomly by selecting bidder numbers for each of the real estate properties that are up for auction. This is significant in that the concept of public auctions is becoming more and more mainstream and popular with the general public. In fact, within large counties, there are substantially developed internet- based auctions allowing outside bidders to participate. Yet, another tax lien buying procedure is the rotational selection. The rotational selection gives the investor holding bidder number one the first lien offer, whom actually has the right of first refusal. However, if bidder number one chooses to refuse, he will not be offered another bid until his number appears again in rotation. The final method for purchasing tax lien certificates is to bid down the ownership. In most instances, the investor will avoid bidding on liens for less than full right to the property or sale proceeds. None-of- the- less, the bid down the ownership method allows the investor to purchase the lien for the lowest percentage of encumbrance on the property. If the investor is willing to accept that the original owner will own the remaining percentage, then he/she will be awarded the lien.
It is important that you conduct your due diligence prior to making a final decision as tax lien sales aren’t for everyone. Furthermore, there are prominent benefits as well as risk to tax lien investing. One particular benefit is that the maximum rate of return in a tax lien is much higher than other investments. Unfortunately, the payment is required at purchase and failure to pay the full amount results in the cancellation of all lien certificate purchases.

About the Author
The wealthy have been buying tax lien certificatess for years and banks have also been very active in this market It’s realistically one of the most recession-proof investments out there because the returns(15-50%!) are guaranteed by the government. Visit http://www.NewHotBizOpportunity.com to get a free 7 day online course that will teach you exactly what you need to know about investing in this lucrative industry.

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August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Mortgage Foreclosure Investing- “What is a Short Sale and How Does it Stop Foreclosure?” by Simon Volkov

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What is a Short Sale and How Does it Stop Foreclosure? by Simon Volkov

Many borrowers are asking, “What is a short sale?” This term is floating around real estate chat rooms and plastered on realtor billboards across the country. Struggling homeowners facing foreclosure are led to believe short sales will save their home from foreclosure and they can walk away without any ramifications. Although there is some truth to this, short sales are not as simple as handing over the keys and walking away.
If you are wondering what is a short sale and how does it stop foreclosure, this article can shed light on the topic and clear confusion. At present, there is no one-size-fits-all clarification. Each mortgage lender handles short sales according to their established protocol. However, most adhere to standard protocol and require similar documentation and information.
Short sale refers to a lending practice where banks accept a lesser amount than is owed on the mortgage note in exchange for quick sale of the property. Short sales allow borrower’s that have defaulted on their loan the opportunity to sell their house to avoid foreclosure.
Foreclosure can costs banks between $60,000 and $80,000. Allowing borrowers to sell the property below market value will still result in financial loss to the lender. However, in most cases the loss is less than the cost of foreclosure.
Due to the mortgage meltdown most banks are now holding an extraordinary amount of non-performing loans. The amount of money mortgage lenders receive from the U.S. Federal Reserve is based on loan performance and profit.
When banks reflect losses, the Fed can reduce or suspend funding; leaving lenders with less money to loan. Short sales allow mortgage lenders to discharge non-performing loans and recover a portion of their losses to improve their financial bottom line.
Not all borrowers or real estate qualify for short sale approval. Once properties fall into foreclosure they are ineligible for short sale programs. It is imperative for borrowers to contact their mortgage lender and discuss the option of short selling their property before they enter into the foreclosure process.
Borrowers are required to undergo a financial audit to determine if they meet their lender’s short sale criteria. Most banks require borrowers to submit a short sale packet which includes financial records, tax statements, and income and expenses. Since mortgage lenders are taking a loss on the property they scrutinize financial records to ensure homeowners are financially insolvent.
One of the most important elements in obtaining approval involves submission of a short sale hardship letter. The letter of hardship allows borrowers to explain the circumstances that caused them to become delinquent on their loan. Borrowers should handwrite the letter and include a detailed timeline of events, what occurred, and any actions taken to overcome financial challenges.
Short sales are usually handled by the lender’s loss mitigation department. Delinquent accounts are assigned to a loss mitigator who will work with borrowers throughout the short sale process. Two types of short sale options exist, so it is important to determine which type the lender extends.
The first type is referred to as a Deficiency Judgment and holds borrowers responsible for the difference between the discounted sale price and balance due on the mortgage loan. The judgment is reported to credit bureaus and remains on credit reports until fully repaid.
The second type is known as Payment in Full without Pursuit of Deficiency Judgment. Lenders accept the sale price as payment in full toward the mortgage note and borrowers can walk away without owing additional funds.

About the Author
Short sale specialist, Simon Volkov, specializes in helping homeowners obtain short sale approval. He has published numerous articles addressing the question of “what is a short sale” in his article library located at www.SimonVolkov.com.

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If you’re looking for a new way to invest in real estate- how to get tax properties without attending auctions and bidding against other bidders- Rick Dawson, a Chicago area real estate expert, offers a free mini course on buying tax properties before the auctions at his site, Go Ahead, Be A Deedgrabber!. You can sign up there for a free mini course via email- it’s definitely worth exploring!

August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Lien Certificates Investing- “Tax Lien Auctions” by Peter Emerson

If you’re looking for a way to get tax properties without attending auctions and bidding against other bidders, Rick Dawson, a Chicago area real estate expert, offers a free mini course on buying tax properties before the auctions at his site, Go Ahead, Be A Deedgrabber! You can sign up there for a free mini course via email- it’s definitely worth exploring!

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Tax Lien Auctions
by Peter Emerson

There are times when a property owner is unable to pay the required property tax. At such a time they become a delinquent taxpayer and the appropriate governing authority is in charge for collecting property taxes. This collection can be achieved by a tax auction. That brings us to the question What is a Tax Lien auction? A Tax Lien auction is a court-ordered auction. Depending upon the state and the nature of sales it can be an auction for tax deed sales or tax lien certificates.

In case of an auction for the tax deed, the property is sold to satisfy the existing delinquent taxes. An auction of the tax lien certificate involves selling a certificate to claim the total sum of taxes owed and any administrative charges and interest on the amount owed.

If you purchase a tax lien certificate, you are required to make the payment against the required property taxes for the delinquent taxpayer. In turn, the delinquent taxpayer is required to pay back the amount of the lien plus interest charges, usually 16-18%, to you. This allows you to have two options a higher percentage of interest in case the repayment is made, or the possibility of the deed of the concerned property if the delinquent taxpayer fail to repay.

A court-appointed referee carries out the auction. At the beginning of the auction, the referee announce the terms of the sale, the required deposit to be made at the auction. Usually, you are required to pay 10% in form of a certified check which are payable to the referee.

Remember, the properties sold in these auctions are sold “AS IS, WHERE IS, WITH ALL FAULTS.” Even if a property is under a tax lien foreclosure, you do not get right to enter the property for an inspection. You are required to place your bid accounting this uncertainty. You should investigate the property as best you can, but you cannot inspect the interior prior to the sale.

Tax Liens provides detailed information about tax liens, government tax liens, tax lien auctions, and more. Tax Liens is affiliated with Tax Attorneys In California.

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August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buying Tax Lien Certificates Without Leaving Your Home

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Buying Tax Lien Certificates Without Leaving Your Home
By Russell Hall

Perhaps you live in a tax deed state, or, for whatever reason, you just can’t make it to any tax lien sales. No worries, you can still be a tax lien investor from the comfort of your own home. This is made possible through over-the-counter sales or assignment purchases. Most states have a system in place to sell the tax lien certificates that are left over after the annual tax sale.

This is a great opportunity for you to invest your money all over the country without ever having to travel to the actual location in which you are investing. With over-the-counter tax lien certificates, you are getting the best of both worlds: the bidding competition is eliminated so you will get the maximum interest rate, and you are buying these liens at the lowest possible price. In fact, in some cases, you may get a tax lien certificate for less than the minimum bid price that it was offered at the auction.

In order to get started, you will need to know each county’s process for selling properties in their inventory after the tax sale, and how to get a list of these properties. Many counties require that you send an “Assignment Purchase” form letter or another type of application form letting the county know who you are and what information you are looking for. Some county Web sites will list the county’s post tax sales process, and some states even allow you to download current property inventory lists for free. The cost of assignment purchase lists in other counties can vary anywhere from $2 to about $25.

Calling a county directly for information is not always the best strategy. You won’t always be able to reach the person (such as the County Treasurer or Tax Collector) you need to talk to, and the person you do talk to is not guaranteed to provide the answers you are looking for. By sending a formal letter instead, it is more likely than you will get complete, accurate information from the correct person.

Buying tax liens over the counter gives you a tremendous opportunity to reduce, or even eliminate the redemption period. In many situations, the properties have been in county inventory for a lengthy amount of time and are approaching, or even past the redemption period. This means that you will be able to foreclose on the property immediately or much sooner than if you had purchased the lien at an auction.

So, with this investing strategy, the tax lien certificate investor has the following advantages:

you buy the tax lien certificate at the lowest possible price, sometimes even lower than the original minimum bid;
you get the highest possible interest rate;
you don’t have to wait for an auction to start investing your money;
you can invest when it is convenient for you, or when you have the capital available;
you can spend as much time as you need to research the properties you are interested in, and won’t feel rushed because a sale is coming up.

Finally, something else to keep in mind — just because a property didn’t sell at the tax lien auction, it doesn’t mean that the properties on the assignment purchase lists are not worth looking at. There are almost always a few gems to be found, and it is definitely worth trying to find these gems.

Are you looking for a better way to invest your money in 2009 and beyond? Or maybe you are just looking to make a little (or a lot) of extra money on the side? Then, you owe it to yourself to find out more about tax lien and tax deed investing.

If you’ve heard about what a great investment tax liens and tax deeds are, but you just haven’t done anything about it because you don’t know where to begin, click the following link to hear my story and let me introduce you to the exciting world of Tax Lien Investing.

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August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Investing In Tax Sale Property- “A Simple Letter With An Edge” By Jack Bosch

Check out Jack’s free Land For Pennies video here.

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A Simple Letter With An Edge- By Jack Bosch

I’ve discussed three types of letter that I usually write in my Tax Delinquent Investment business. What I will discuss in detail right now is what I call the 2nd type of letter. You might wonder what this 2nd type of letter that I keep talking about. This letter is similar to the simple letter (the first type of letter). Just like the simple letter, it also states that as a buyer you are interested in the owner’s property. The difference between a simple letter and this 2nd type of letter is that when you write the 2nd type of letter you are already setting a price tag you are willing to pay for, for their property. So, when you are writing this type of letter even if it’s the first time you are writing the seller, you will be including a price that you are offering them for their tax delinquent property.

You might think that this is an unusual idea. The main reason is, it would require you to do a fair amount of research on these properties. If you are sending out 500 letters you need to state a price for each and every single one of those properties. A price you are willing to offer for each and every single one of these properties. This may take a lot of work and time. Good thing about it is you will not have lengthy time to talk to the owners, they already know where you stand in terms of price offering. This is also best when you are a beginner in this business. When you are still feeling out your own individual style in offering a price or when you are still developing your skills in negotiating.

Don’t be afraid of the 2nd type of letter. Even writing a hundred letters of this kind in one county, or 3 to 4 subdivisions in a county is not difficult. As long as all these properties belong to one county only. In that case it would be easier to get the price range as most properties located in close ranges usually have very similar values. More so if the properties you are interested in were clustered in a subdivision or in gated communities.

You need to do a comprehensive research when you use this 2nd type of letter. One of the most important things you would need to find out is how much the properties in that area generally sell for. Once you have figured out a fair price to offer to the seller, then you have to remember to attach a sale agreement type of document to this letter..

So, what you are sending them are two separate documents stuffed in one envelope. The first page will be your letter of intent to buy with the price you are offering for their property. It will also state an introduction to the attached document, prompting them to reply if they are interested in entertaining your offer. That would be the second page of your mailer. This is the sale agreement you will send them. The property details should also be stated in this sale agreement. This will let them know which property you are really referring to and if they end up returning this document to you, you know it’s a sure deal.

The simple letter just states your intention to buy their tax delinquent property but I want to call this 2nd type of letter, the simple letter with an edge. Not only are you letting them know you are interested in their tax delinquent property, but you are also putting a price tag on it. It allows the seller to think that you are really serious about taking over their burden and relieving them of their tax delinquent property. Whichever you decide to use, make sure you know which type will work best to secure your acquisition of the property. When you get down to mastering that, you’re off to a great start in the Tax Delinquent Investment road.

Jack Bosch began investing in real estate in 1999. Along the way he discovered a secret system of buying land for literally pennies on the dollar and reselling the property for thousands more. Since his first transaction he has personally bought and sold over 5000 properties using his fine tuned system. Jack to this day still invests and profits from real estate, however now he also offers his secret strategy of buying and selling real estate for huge profits to You! You can find his complete wealth building system at http://www.LandForPennies.com and at http://www.SecretLandProfits.com

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August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Delinquent Property Investment Opportunities- “Anyone, Anywhere” By Jack Bosch

Check out Jack’s free Land For Pennies video here.

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The property tax delinquent investment system works anywhere in the country. It works particularly in the fringes or suburb or surrounding of a metropolitan. It works in rural areas that are just 3-4 hours travel away from the city. It works in these areas because it is only in these areas that you find $300-5,000 worth of properties. You would not find $5,000 properties in metropolitan areas. Aside from stiff competition, minimum bidding price in metropolitan is high because of great income potentials that cities offer. Though metropolitan fringes behave otherwise, cheap rural lands have its own marketability and attractiveness that sells. In fact, many people in US seek for rural lifestyles.

My system works in any country and the simplicity and usability of the business model I developed works ten times better then the old real investing industry methods. You only need a phone, computer, simple Microsoft Office, maps and internet access in this business. The phone, internet access and computer are most useful. Microsoft Office, specifically Word and Excel, is useful in making your letters and little computations. Maps and internet access are useful for additional reference in inspecting properties and other relevant information for the business. You can do 98% research online for aerial photos and pinpoint locations. GPS can also help. In fact, some students use GPS, but it is not necessary. It is personally useful when I am in the road and during teaching.

Though the property tax delinquent investment system is useful to anyone, it can only be relevant to few people-people who have great interests on changing their lives; those who wanted to leave their day jobs and earn more at the comfort of their time and pace; those who are overly motivated to learn.

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Check out Jack’s free Land For Pennies video here.

August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Delinquent Investing- Contacting Owners “KISS Hello, Not Goodbye- A Simple Letter Will Do”

KISS Hello, Not Goodbye – A Simple Letter Will Do

By Jack Bosch

In Tax Delinquent Investment, knowing how to write a letter is pertinent to your success. I have spoken of three different letters I use in my business. The first type of letter I use is the simple letter. This it one of the letters you can send the owner of the property that you are interested in. This letter could look something like this:

“I notice you own this land in Cook County. I’m very interested in purchasing it. I’ll pay cash. Get rid of the burden of property ownership and contact me.”

The advantage of using this type of letter that it has proven to get the highest response rate of all the letters that I have prepared in the my experience. This simple letter does not say a whole lot. It just peaks the person’s interest. After sending this letter, the seller may just immediately call you and you can begin discussions regarding your purchase. Your Tax Delinquent Investment horizon just gets a little bit brighter at this point.

Another advantage that you will experience from a simple type of letter is you get to speak to each seller first. This will get to feel him or her out and see what their motivation is. As a result of this, you can discard a lot of sellers right away. Hence, the seller is motivated. Just take note of the sellers who are motivated and there will be no problem that will arise from there.

If a seller tells you that he/she has moved away and not interested with the property anymore. That’s a much greater advantage. They might have realized that the certain property is a burden already.

Remember that as buyers and investors, we should try to be direct to the point. Beating around the bush will just get you nowhere. If you never learn to Keep It Short and Simple, you can KISS the deal goodbye. Remember to Keep it Short and Simple to Savor the sweet smell of success in your Tax Delinquent Investment business.

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Check out Jack’s free Land For Pennies special video here.

August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Great Fortune That Keeps on Coming Checking Tax Lien Properties After Your Purchase

By Jack Bosch

After getting through the process of getting the list of properties, sending out letters to sellers, receiving phone calls from sellers, making the offers to sellers, and having your offer accepted, checking out the property is the next step. The reason is that, it is recommended that you take a closer look on your property. This is beneficial for you and your future plans for the property. Another reason is, you can put up a “for sale by owner” sign on the property, when you decide to put it back in the market.

Knowing the exact location and the full details of how to get there, what landmarks to look for will definitely be good when you decide it is time to cash in on your Tax Delinquent Investment. This will help your client, because not all of them are savvy enough to figure out locations.

Therefore, as soon as you have the chance, schedule yourself to go to different parts of the country. Take an actual look at some of the properties that you are buying in the different localities. Because it may be either a brand new area or you might want to get an update of how it looks now. Some areas have quite a bit of development going on. So, see to it that you are going to do this by yourself. Nobody can judge the worth of your investment better than you can. It is your money that’s at stake here.

Checking the properties starts in pinpointing the mapping system. Then Have a GPS coordinate system. Have a portable GPS Tracking device, as well. These are great tools in pinpointing properties to get the exact location of it. When you are in the vicinity of the actual property, take pictures. As what I have said in other articles, bring a pad of paper. Write the property name, location of the property and some markers that you find within the neighborhood. There could be a new strip mall, now, that was not there when you were still doing your research. When you are done writing your notations, take a snapshot of the property with the note visible. So, when you are done checking all the properties you will not get confused. At the end of the day download them in your computer, put them in systematic file folders. Name these folders according to the parcel numbers and keep it updated with dates. If you have time, keep the pictures in a word document and have it saved with the parcel number. So, in the future you will not have a hard time checking on the property anymore.

You are almost at the end of the rope where your investment is about to go LIQUID. Remember not to skip details that can greatly increase your profitability. Tax Delinquent Investing is a lucrative business but if you don’t do it properly and systematically, it all goes to waste. Having processes in place to ensure smooth operations from beginning to end will promise you great fortune that just keeps on coming.

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Check out Jack’s free “Land For Pennies” video- click here.

August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Lien Properties and Tax Foreclosure Properties – Turning Bargains Into Gardens

If you’re looking for a way to get tax properties without attending auctions and bidding against other bidders, Rick Dawson, a Chicago area real estate expert, offers a free mini course on buying tax properties before the auctions at his site, Go Ahead, Be A Deedgrabber!. You can sign up there for a free mini course via email- it’s definitely worth exploring!

Tax Lien Properties and Tax Foreclosure Properties – Turning Bargains Into Gardens
By Benjamin Hearst

When you invest in tax lien properties, tax foreclosure properties, or any bargain property, you will often end up owning land. It is a great time to buy, but not such a great time to sell. It makes sense to hold onto land while waiting for increased property values. Sometimes holding vacant land can be expensive if you do not use the land productively. The way I prefer to hold onto vacant land is to turn the land into productive gardens.

Imagine buying a piece of land for a song, growing your favorite foods for years, and then selling or renting the land years later for a big profit. That is a tasty deal! You can just grow annual flowers and vegetables if your resale horizon is soon, or you could plant an orchard if you want to pass the land down to your children.

I personally bought one and one half acres of undeveloped commercial land at a bargain price and recently developed it into an off the grid organic farm with solar panels, a elevated cistern, and drip irrigation. The land is so close to the city that all the food that I produce will have plentiful and close markets. I chose to grow a mix of row crops and fruit trees so I can produce a wide variety of our favorite foods.

Gardening is not the only creative way to make use of your newly acquired bargain land, but it is a very good one. We are moving into an age now where cities appreciate having urban food plots and local farms to help provide more fresh food options for the community.

Hop on board. Lets stop importing so much food from all around the globe and grow it ourselves.

The author has been a full time real estate investor for 16 years and has expertise in using many different investment strategies.

Visit the Gorilla Real Estate Club for more info on profiting with tax lien properties.

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If you’re looking for a way to get tax properties without attending auctions and bidding against other bidders, Rick Dawson, a Chicago area real estate expert, offers a free mini course on buying tax properties before the auctions at his site, Go Ahead, Be A Deedgrabber!. You can sign up there for a free mini course via email- it’s definitely worth exploring!

August 12, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

About

“Never get a job.” The words sound ludicrous. The vast majority of us are conditioned from birth to believe that childhood culminates in us graduating from high school or college and landing the first in what is, hopefully, a short line of jobs that will lead us up through middle management into a nice, secure position with a corner office and a gold watch upon our retirement at the ripe old age of 65 (how laughable is “65″ and “old” in the same sentence these days?) followed by many golden years of crocheting and golfing and grandchildren. And the vast majority of us will take that route.

But a lucky few, whether it be by accident or by finding themselves in the “unlucky” position of being unemployed for an extended period of time, will stumble upon a different reality. The fact that you’re even reading this article right now is one of those “accidents”, especially if you’re one of the ones finding yourself in that unlucky period of extended unemployment. If that’s you, admit it: the financial uncertainty sucks, but you have been LOVING not dealing with some asshole boss, annoying co-workers, and all the bullshit drama that came along with EVERY job you’ve EVER had. (Ok, except maybe that awesome gig at Ben and Jerry’s during college. I know that you guys sat around eating the candy out of all the ice cream!) And if it’s not you– if you’re the person for whom the above annoyances are a daily fact of life– all the worse. No matter which category you fall into, the truth inside of you is that you are tired as hell of that life and are wondering if you can get the hell out of there and pursue something that will allow you to live your life the way YOU want to live it.

You can.

You can; I’m giving you permission, right here and right now. Who am I? Someone who has been employed for a grand total of 1 year since age 18. Maybe it was my upbringing; my parents never talked about money, we kids weren’t allowed to know much about it, and we never had to worry about it. We knew we were expected to go to college, but there was never much coaching as to future career paths. It wasn’t something discussed much. And so when I went off to college, I really had no idea what I wanted to end up doing. But what did develop in me over the next several years, as I watched some of my closest friends go down the lifepath I outlined in the first paragraph of this article, was a burning desire to break free of that cookie-cutter existence. They seemed happy with it, but I knew I couldn’t be.

Freedom: that was the name of the game. There was no particular career I wanted…

I wanted freedom.

So, I decided then and there that working for someone else just wasn’t for me.

If you’re feeling that stirring inside of you, like you have had enough of the B.S. life that someone else planned out for you, or that you planned out for yourself eons ago when you had no clue who you were and what you wanted, you need to pay attention to it. Because you know what? YOU DON’T HAVE TO DO IT ANYMORE. And every second you spend continuing to go to the job that is sucking the life out of you is one more second closer you are to the grave.

Now, I understand that people have obligations- kids, mortgages, debt, etc., and that most people can’t just get up and walk away from their job unless they are unafraid of the consequences. But if you aren’t spending every waking minute moving from the lot in life you’re currently stuck in to a place where you are the master of your own destiny, then just forget it. You’re screwing over your kids by never allowing them to have the chance to know the real, unbound you, you’re screwing your spouse out of a life full of excitement and growth, and worst of all, you’re screwing yourself, because you’re the one who has to get up every day and go to a job where your colleagues are morons, your boss is a condescending jerk, and you are a cog in a machine that, at the end of the day, is completely. And totally.

Uninspiring.

Ok, maybe the above is a bit harsh- but truthfully, it’s almost worse if your boss and colleagues are A-OK. It’s an excuse for you to check out and drift through life asleep.

I’m here to attempt to wake you up. If you don’t see things my way, that’s fine with me- close down my blog, and never read it again. I’m not trying to appeal to a wide audience with anything I have said or will say in any of my articles. But if what I’m saying is speaking to YOU… you know it, right now, as you’re reading these words. As the saying goes, “There are many paths to God.” If you’re not the religious type (or even if you are), what this means is, there are a whole lot of ways of getting through to a person, but it’s usually the way one person says one thing that finally makes it click.
Thinking about chucking your 9-5, and making your own way financially almost definitely brings up one question: can I do it? The answer is YES. ANYONE who is willing to work hard and really wants to quit their job can make their own way financially. Perhaps a better question to ask would be: Can I make a lot of money doing it? The answer is… yes, if you’re smart about it.

The internet is absolutely filled, saturated, overflowing with garbage on the topic of making money. 99% of blogs and articles you stumble across in your endeavor to find information on how to liberate yourself will be trying to sell you something of zero value to anyone, much less you. Most “systems” that claim they will make you rich are scams. Don’t buy them; you know better. That being said, I want to be upfront with you: I am going to sell you stuff that will help you. I am going to direct you to products and information that will actually be of value to you. I am not a saint sitting high on a hill chanting “OM” and looking for how I can help others become rich while I languish in noble poverty. I make commissions on the products I promote and that is part of the way I make my living. I also run two other businesses and have too many other streams of income to list off here- but you can bet I’ll be blogging about all of them here, because HINT: YOU CAN DO ALL OF THEM TOO.

I will make a promise though, right here, right now. 2 promises. Firstly, this is a blog, not an advertisement. My goal is to provide content for readers, and products that will help them with ideas they can develop out of that content- not the other way around. If an article is centered around a product, it’s because that is something I believe will provide a great opportunity for working for yourself (and hopefully, making lots of money). And secondly, lastly, and most importantly: I will never hawk any kind of get-rich-quick, bullshit scam.

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Never Get A Job

Time to liberate yourself.

Finding Funding for Real Estate Deals- 5 Unique Ways to Find Funding For Real Estate

Tax Foreclosure Homes Offer a New Investment Route

Tax Lien Homes For Sale

What Is A Tax Lien And When It Is Used?

Tax Lien Property Investing- Tax Lien Property For Sale – How to Find Them For Free

Government Property Tax Sales

Buying Tax Certificates By Mail Can Be Profitable- IF You Take The Right Precautions.

“Investing In Real Estate The Right Way” By Art Gib

“Tax Foreclosure Homes for Sale” by Joseph Smith, Jr.

Real Estate Investing Mistakes- “Learn How to Avoid Bad Real Estate Investments” By Karlie Valentine

Investing In Tax Property- “3 Proven Methods for Finding Wholesale Buyers in Today’s Market” by J. J. Mangan

Investing In Tax Liens- “Avoid the Pitfalls of Investing in Tax Lien Certificates” By Brad Owen

Tax Sales Property Investing- “Making Money Off Government Tax Liens” by Rick Goldfeller

Florida Tax Deed Investing- “Tax Deed Treasures in Florida – With Tax Deed Investing, Owning the Deed is the Goal” By Harry A Connor Jr

Tax Lien Foreclosure Homes-”What You Need To Know About Purchasing Government Tax Lien Foreclosure Homes” by Brent Jaworski

Mortgage Foreclosure Investing- “What is a Short Sale and How Does it Stop Foreclosure?” by Simon Volkov

Tax Lien Certificates Investing- “Tax Lien Auctions” by Peter Emerson

Buying Tax Lien Certificates Without Leaving Your Home

Investing In Tax Sale Property- “A Simple Letter With An Edge” By Jack Bosch

Tax Delinquent Property Investment Opportunities- “Anyone, Anywhere” By Jack Bosch

Tax Delinquent Investing- Contacting Owners “KISS Hello, Not Goodbye- A Simple Letter Will Do”

Great Fortune That Keeps on Coming Checking Tax Lien Properties After Your Purchase

Tax Lien Properties and Tax Foreclosure Properties – Turning Bargains Into Gardens

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