2009 September « Never Get A Job

S-O-P Is G-O-L-D

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! Definitely worth exploring if you haven’t already.

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S-O-P Is G-O-L-D

By Jack Bosch

The Standard Operating Procedure (S.O.P) is a technique in guiding you to be successful in your tax delinquent investment business. It does not only protect your interest and goals, but also, the budding transaction. Now after getting the entire pertinent datum after a phone call, let me share with you the easy standard procedures that you should learn to perform to update your data spreadsheet to be more efficient. You should learn how to document everything properly to make your system more organized and goal oriented.

After the phone conversation, start to look for the original record of the property to deepen your research about property. This will add to the information you currently have from the phone conversation with a tax delinquent property owner. Check every detail on your spreadsheet. Update it as frequently as necessary. Try to probe the legal description and get as much information you can in researching the tax delinquent investment property. The more info you have about the property the easier it is to complete your research regarding that property. Also, try to probe more about the assessed value of the said property. Knowing if it’s feasible or not to turn a huge profit. Know the size of the property to determine if it’s a fair transaction or not. Validate it from the previous conversation you had with the seller. Researching more about the property gives you solid information about it. It saves you time, effort and money. Validate the information you acquired from the seller and contact the seller again if something becomes confusing for you. A good research yields a good transaction. Observing these easy steps will help you in your research about the property.

It would also be convenient if you make an updated spreadsheet of the properties you have researched after phoning. By doing this, it’ll let you know what the property value of this specific property so that you may be able to start formulating a price when you are ready to put it back in the market. The value of the abandoned land will become more apparent if you have sufficiently researched about it. With more complete knowledge of the properties you invest your money in, the better your chances are to get a high value for them when it comes auction or selling time. Time is GOLD and when you spend the time to research your properties, your Tax Delinquent Investment can bring you the GOLD. So in turn, proper execution of the Tax Delinquent Investment SOP equals G-O-L-D.

Jack Bosch began investing in land in 99. Along the way he discovered a secret way to buy land for pennies on the dollar and sell it for thousands. Jack continues to invest in property but now teaches his system! To claim a FREE Special Report about how you can buy Land for Pennies on the dollar go to http://www.LandForPenniesTeleworkshop.com & http://www.SecretLandProfits.com

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Redeeming Tax Deeds in Texas

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Redeeming Tax Deeds in Texas

By Jack Bosch

What are “redeemable Tax Deeds” like used in Texas Tax Deed auctions
In most states offering Tax Deeds the redemption period ends usually the day prior to the actual Tax Deed Sale. However there are a few noted exceptions like for example the state of Texas, which offers “Redemption Tax Deeds” or also called “Redeemable Tax Deeds”

Texas is a Tax Deed state, meaning that it does not offer tax liens. Instead after only 2 years of a property being Tax Delinquent each county such a tax delinquent property is located in has the right to put up a Tax Deed Auction and sell the actual property.

In many counties around Texas this happens as often as once a month and a steady stream of properties are being sold to the highest bidder.

The Distinction of Texas Tax Deed sales is that after the sale, the former owner still has the right to redeem the property for a time period of ½ year under normal circumstances or even up to 2 years if the property was registered as a homestead in the state of Texas.

However, if the original property owner redeems the property within this post-sale redemption period, he will have to pay a steep penalty of 25% of the high bid. So if a property sold at Tax deed sale for $20,000 and the former owner redeems it after only 1 month he will have to pay the $20,000 plus a fee of 25% or $5,000 for a total of $25,000.

So you can make as much as 25% return within only 1 month which equals an annualized return of 300% if all you do is repeat this over and over again.

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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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Lien Auctions

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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.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Florida Tax Lien Certificates

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Florida Tax Lien Certificates

By Stuart J Miller

Florida tax lien certificates at the time of research are set at 18%, which makes them one of the most favorable in any state. The redemption period is 2 years, which once again is very favorable due to the fact not only can you invest in Florida tax lien certificates, you can invest in tax deeds.

Tax lien investing is a very safe if not safest type of investing with one of the highest rates of return and very little risk. Florida tax lien certificates are issued and backed by the government and the government controls sales of these certificates. Another reason tax lien investing is one of the safest types of investing is the property which has unpaid taxes due becomes collateral in the event a delinquent taxpayer never pays his taxes. In other words after 2 years (redemption period) a property owner could lose all rights to said property in tax default. This highly motivates late taxpayers to settle their debt.

Now besides the fact a delinquent tax payer can eventually lose his property outright, another reason Florida tax lien certificates are a safe and appealing investment is an extremely high late fee interest rate (18%) if a taxpayer does not pay his taxes on time. The government collects this late penalty fee along with the amount of total tax payment that was originally due and sends it on to the holder of the certificate, you the investor. With the high interest rate penalty and the possibility of losing their property outright, over 98% of delinquent taxes payers settle their debt almost guaranteeing your investment to be successful. It’s hard to imagine you getting another investment with such high return possibilities and such little risk.

Those are the reasons tax lien investing is safe and opportunistic and the reason tax lien investors do not share this information freely; it can literally be a good mine.

Investing in Florida tax lien certificates does not have to be imposing or difficult. You must have the knowledge and information to follow step by step to truly realize the wealth of opportunity.

As safe as tax lien investing is, scatter brained tactics will get the poor investor minuet returns if any at all and could cost 100s or 1000s of dollars and even their opportunity to bid on tax auctions.

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

Plus grab 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 Tax Deeds,
3) State guide to Tax Lien and Tax Deed Investing in every state.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Deed Investing – Can You Still Get Properties For Pennies on the Dollar?

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Tax Deed Investing – Can You Still Get Properties For Pennies on the Dollar?

By Joanne Musa

I’ve been investing in tax lien certificates for a while now – since 2002, and I’ve been fairly successful at it. I now invest in 2 different tax lien states, and this past year I’ve started investing with money in my self-directed IRA. In spite of what you may have seen on a late night infomercial, tax lien investing is not a good way to obtain property.

In my experience, when you purchase a tax lien certificate on a good property, it almost always redeems. I’ve purchased hundreds of liens and have never actually got a property through foreclosure. But I have always wanted to own investment real estate. I believe that the buy and hold strategy of real estate investing is the fastest way to wealth, but I could never get myself to sign my life away and put a whole bunch of money down on an investment property. So three years ago when my husband and I moved our family to the Commonwealth of Pennsylvania, I dabbled in investing in tax deeds.

At first I thought that tax deed investing was a good way to get property for pennies on the dollar. I saw that it was possible to buy vacant land for as little as a couple of hundred dollars – less than I pay for most of my tax liens in New Jersey. But then you have to pay the realty transfer tax (2% of the value of the property in PA), and you have to pay the auctioneers fee (2% of the bid price), and the recording fee. On top of that you need to clear the title to the property (in PA that’s a minimum charge of $750 if all goes well). So now your $200 property has cost you about $2000, but you still have to pay the taxes and since most property in my area exists in communities, you may also have to pay a hefty association fee. For one of my lots that I purchased at a tax sale I pay over $800 a year to the homeowners association. That’s twice what I pay for taxes – and I don’t have a home, just a lot.

After all this you still may not be able to sell the property. Only a couple of developments here in the Pocono Mountain region are hooked up to city water and sewer treatment systems. Most of the properties have wells and septic systems, and there are strictly enforced state regulations regarding how far your well has to be from any septic system. This alone limits if and where you can build. If the property doesn’t pass a perk test – which can cost more than $1000, then for all practical purposes it is un-buildable and almost impossible to sell.

Now before you start thinking “Why didn’t you just purchase a property with a house on it instead of vacant land,” there’s something that you need to know about tax deed sales. Tax sales can be extremely competitive and anything with a house on it is going to bid up to 80% or more of its value. So when you see a picture on a late night infomercial, or anywhere else, of a cute house that somebody bought at a tax sale for a couple of hundred dollars, ask to speak to the person who actually purchased it and get the full story. In my experience and in my neck of the woods, it just doesn’t happen that way. But don’t take my word for it. If you live in a tax deed state, go to a tax sale and check it out for yourself.

After realizing that purchasing property at a tax deed sale was not the best way to get property, I kept looking for a way to purchase property at a fraction of its real value. One day, quite by accident I found what I had been looking for. I stumbled across a gentleman – a German immigrant by the name of Jack Bosch, who has perfected a system for buying tax delinquent properties for pennies on the dollar – without even going to the tax sale.

Jack had left a post on one of my blogs, and with that he left a link to his website. I went to his website to check it out and I was impressed by what I found. Jack had developed a system for contacting delinquent taxpayers – months, or years before their property would be in a tax sale. He had a method for finding the delinquent property owners who wanted to get rid of their property and would make them a very low offer. In the last few years, he has done over 5000 of these property transactions, and has become a millionaire in the process.

In part two of this series I’ll tell you more about Jack’s Land for Pennies system. In the meantime if you’d like to find out more about Jack Bosch and how he got started you can listen to podcast #19 on my podcast blog at http://www.TaxLienInvestingTips.com/blog – Look for the sequel to this article, Advanced Strategies for Buying Tax Delinquent Properties, for more about Jack’s Land for Pennies system.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buying Tax Deeds in Alaska

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Buying Tax Deeds in Alaska

By Russell Hall

Alaska is a tax deed sale state. Like many of the states in the Northeast (i.e. New Jersey, Massachusetts), individual cities and towns are responsible for the assessment and collection of property tax. However, Borough government (Borough is synonymous with County government) plays a role in the tax sale of properties not lying within an incorporated city or town.

Alaska municipalities are required to present a foreclosure list (based on properties with delinquent taxes) once a year to the state superior court. The completion of this action has the same force and effect as an individual property foreclosure. Foreclosed properties are transferred to the municipality for the tax lien amount.

Properties that are transferred to the municipality are held by the municipality for at least one year. This time period is considered to be a redemption period for the delinquent property owner and/or other lien holders of the real estate.

After foreclosure and the transfer of ownership to the municipality, the former property owner still has the right to possession during the redemption period. However, if blatant damage is purposefully done by the former property owner or lien holder, the municipality may declare an immediate forfeiture of the right to possession.

Two years after the establishment of the deed, all claims (of the former owner or other person having an interest in the property) are denied. Upon expiration of the redemption period for borough-owned property, the unredeemed property is deeded to the borough free and clear, minus any recorded state or federal tax liens. Upon expiration of the redemption period for municipality-owned property, the unredeemed property is deeded to the city subject to the payment by the city of unpaid borough taxes and costs of foreclosure levied against the property before foreclosure.

Based on needs, cities and boroughs may “exchange” deeds. Meaning, if a city does not have an immediate public use for a property, they may deed the property to the borough — or vice versa.

Tax-foreclosed property conveyed to a municipality by tax foreclosure and not required for a public purpose may be sold. Policies and procedures for the sale of tax foreclosed properties are regulated by individual Municipality and Borough code.

In Alaska, there are two property tax installments — the first installment is due June 15, and the second installment is due August 15. For all property owners who miss one or both of these installments, delinquent tax notices are sent out on January 1 of the following year. This will be the final notice before the property is subject to appearing on the foreclosure list that is published in the local newspaper in March.

Alaska’s Division of Mining, Land and Water periodically offers state subdivided land to the public via sealed-bid auctions. Deeds to parcels that are not sold during the sealed-bid auctions are offered over the counter (OTC) via this web site. As of February 19, there are currently 1,268 parcels available over the counter. To give you an example of what’s available — there is a 17+ acre parcel going for $17,000. A particular 4-acre lot is selling online for $3,600.

These parcels may be purchased with a Visa or Mastercard, and requires just a 5 percent down payment. It is required that the buyer fill out an application form.

For the right tax deed investor, there are some opportunities in Alaska. And the OTC process makes it very easy. However, you should always do research on a property before making a financial commitment.

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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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buying Colorado Tax Liens

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Buying Colorado Tax Liens

By Russell Hall

Introduction
Colorado is a tax lien state. Colorado tax liens are perpetual liens and have priority over all other liens until property taxes are paid in full, or properly foreclosed as stated in the Colorado Revised Statutes. There are 64 counties in Colorado.

The interest paid on tax lien certificates is based on the Federal Discount rate on September 1 of each year plus 9 points. The Federal Discount rate on September 1 of 2008 was 2.25 percent. Adding the 9 points, the maximum interest rate earned on tax lien certificates for 2009 is 11.25 percent.

Property taxes for Colorado residents are payable in two installments. The first installment is due January 1 for taxes assessed for the previous year. The first installment becomes delinquent on February 28. The second installment is due on June 15 and becomes delinquent on July 31. The county treasurer and/or sheriff will make one or two phone calls to property owners who remain delinquent on their taxes. Property taxes that remain unpaid will be listed in a newspaper publication for four weeks prior to the tax lien sale. County treasurers are allowed to hold tax lien auctions between September 1 and the second Monday in December. Most counties hold their sales in late October or November.

Tax Lien Sales
Most Colorado tax lien sales use the Premium Bidding method. The opening bid for each property equals the tax owed plus interest and other related county costs. The auction is oral and competitive. The bid amount can increase in increments of $1, $ 5, or more, depending on the amount of the lien and the Treasurer’s preference. The investor willing to pay the highest price for the tax lien certificate will be the winner. The winning investor pays a “premium” (the amount over the opening bid) for the tax lien certificate. The purchases is not reimbursed for the premium amount, and interest only accrues on the opening bid amount. The county captures the benefit of the premium.

There are a few smaller counties in Colorado that use the rotational bid process. In rotational bidding, each investor that is registered for the sale will receive a bidder number that will control the order in which they bid during the auction. The opening bid as well as the interest rate remains constant. The auctioneer will begin with the first investor and ask if they are interested in investing in the first tax lien certificate. If they want it, they will become the successful bidder and then the auction moves to the next property. If the first investor didn’t want the property, it is offered to the second bidder, third bidder, and so on, until each property is either sold, or offered to everybody in the room and there are no takers.

Some counties require a deposit prior to the sale in an amount equal to the amount you expect to spend. Should you exceed this amount during the sale, your ability to purchase a tax lien certificate will be suspended until an additional deposit is made.

After the Sale
Successful bidders are awarded a Certificate of Purchase, or CP, as evidence of the tax lien assignment. The investor owning the previous year’s tax lien now has the opportunity to attach this new delinquency to his/her pre-existing lien. This process is known as sub-taxing. The cost of a sub-tax equals the amount of delinquent tax due, and is available exclusively to the CP holder, some four months prior to the fall auction. This new amount will now begin to accrue 11.25 percent simple interest (based on 2.25 Federal Discount Rate). Redemption for the property owner becomes more difficult as they now owe twice the original tax amount.

The redemption period is three years, and starts on the day that the tax lien is first offered for public sale. The property owner has three years to redeem on the property. After the redemption period expires, the holder of the CP has the right to apply for a Treasurer’s Deed and foreclose on the property.

The administrative action to foreclose on a property in Colorado takes approximately six months. The average cost of title work and processing fees vary from county to county, but average around $800.00. The property owner may still redeem during the foreclosure process, but he/she is now liable to reimburse the CP holder for any and all costs incurred during this process. If a CP holder is successful in the foreclosure process, the filing of a quiet title action is recommended in order to perfect the title

Colorado tax lien certificates are said to be in good standing for a period of eight years from the date of issue. If no action is taken to perfect the lien before the end of the eight-year period, the certificate is voided and the tax liability is abated.

Assignment Purchasing
Parcels that are not purchased at a public auction become available “over the counter”. These sales are also referred to as Assignment Purchasing. Parcels usually become available one to two weeks after the close of the sale (auction). For more information, you should contact the County Treasurer’s office, or do some investigation on the county’s Web site.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Government Guaranteed Investments Paying 14% or More?

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Government Guaranteed Investments Paying 14% or More?

By Bill Young

Skeptical? While you are scoffing at this headline, you could be stuffing them into your IRA, tax free! In fact, thousands of people all over the US are quietly making fortunes investing in government guaranteed, high yielding tax liens as you read this.

Forget the volatility and unpredictability of the stock market! There is simply no other field where the average person, can make 14% or more on safe, government backed investments.

In a few short months, you can be earning thousands of dollars every month! All you have to do is believe!

Background

Property tax revenue is the life blood of small towns and communities across the USA, representing 85% or more of county budgets. Local Police, fire departments and schools for instance are some of the vital services that depend on this revenue source.

There are over 3,300 counties in this country that are charged with the task of authorizing and collecting this revenue.

Nationwide, property tax delinquencies vary from 5-20%. This uncollected revenue means either services must be cut or tax rates must go higher, placing an added burden on those who do pay their taxes. Neither choice is attractive to local politicians who are looking to be re-elected.

In order to keep the tax delinquency rate as low as possible, the police powers of the county impose harsh, even draconian measures on delinquent tax payers to persuade them to pay their real estate taxes and pay them on time.

The result is a super safe, super lucrative investment opportunity for investors with returns exceeding 100% on an annual basis in some counties!

Imagine a few of those in your IRA. Don’t listen to EF Hutton on this one, the IRS says you can!

Here is how the tax lien process works.

You loan the government money to replace the taxes owed by a delinquent homeowner. You make your check out to the local government, they give you a piece of paper, the tax lien, representing the taxes owed on the piece of real estate securing that lien.

In essence, you have bought the county’s position in that lien! Then they begin the collection process, not you. The rate of interest is fixed by the State and does not vary according to interest rate or market fluctuations. Typical rates are from 14% to over 100% on an annual basis!

Initially, the amount owed is usually one or two years of real estate taxes. This could be as low as $2-$300 in some states, or as much as $12-$25,000 in Garden City, Long Island, New York!

However, rarely is the total more than 3-4% of the property’s market value. The owner has a State-mandated length of time to pay his delinquent taxes, penalties and interest.

How safe is your investment? The government guarantees that the property owner will repay your loan with interest and penalties. If they do not, the county will use their police powers to enable you to seize the underlying property; the home, office building, or building lot securing the lien.

Not only that, it will be stripped of all liens, encumbrances and mortgages, in most cases. You will receive the property free and clear, as long as you follow their rules.

You will have obtained the property for literally pennies on the dollar!

How safe is your investment? In 97-98% of the time, the homeowner pays the taxes, penalties and interest in the allotted time and the county retires your loan with interest.

If the homeowner does not pay the delinquent taxes, the bank or mortgage holder will generally step in and pay, if there is a mortgage on the property; as they stand to lose everything if the lien is not paid off.

However, as you can see, forfeiting the property is not the norm. It is really hard work and you must know what you are doing to be able to divine which liens are Not likely to redeem to end up with the property.

The choice is yours, you can play whichever game you wish. Knowledge is more important than money in this game. In fact, having more money than knowledge is dangerous to your financial health in tax liens.

You see, the good news is that if the person does not pay the delinquent taxes, you end up with the property.

The bad news is that if the person does not pay the delinquent taxes, you end up with the property!

If you have not done your due diligence, inspected the property’s title, physical condition, neighborhood, assessed market conditions to come up with a likely market value, you could overpay and thus get burned.

Speaking of being burned, more than one person has found the property they acquired had burned down or was scheduled for condemnation or had buried uranium tanks or other EPA problems or simply wasn’t there!

There may be no such property at the address on the tax bill! It could be a totally different property than the address in the records. The liened property’s legal description obtains.

Depending on your resources, time, money and willingness to learn, and travel in many cases, since each State has a different set of rules for tax liens, you may want to learn how to invest in these instruments yourself or you may want to use an agent.

But don’t let anyone tell you that there is no such thing as a government guaranteed investment paying 14% or more that you can buy with your IRA or other retirement account, you now know better.

Copyright 2006 Bill Young. Bill is a real estate and tax lien investor and consultant. He writes and lectures internationally on these topics. You can learn more about investing your IRA or other retirement account in real estate and tax liens at http://ARealEstateIRA.com and at http://MotivatedSellersOnline.com

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Foreclosure Properties

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Tax Foreclosure Properties

By James Ficarro

Every property that is owned is assessed property taxes that must be paid every year. Property taxes are paid to local and state governments based on the appraisal value of the real estate. All states, the District of Columbia, Puerto Rico and the American Virgin Islands and Canada have property taxes.

When a property owner doesn’t pay their taxes, they are usually penalized and warned. If the owner still doesn’t pay the taxes, the property is either seized, gets a lien placed against it, or both. After due process, the property is sold at a tax auction. Tax auctions provide one of the most extraordinary investment opportunities that exist to date.

With the proper knowledge, an investor can get real-estate for a small fraction of what it is worth. They can rent, sell, or use the property for themselves. In most states, the government taxing agency allows investors to pay a delinquent owner’s taxes. The investor receives a tax lien certificate. If the owner wants to keep the property, they have a limited time to pay off the lien, including interest, fees, and any additional taxes that had been paid after “possession”. If the owner fails to pay off the lien, the property is deeded to the investor.

In some states, the government taxing agency will not allow investors to pay the taxes, so the property is seized and goes to the agency. The property is then auctioned off, usually for back taxes, penalties, and interest. The successful bidder typically gets 1st lien, so the dead is free and clear.

In other states, the delinquent property is sold at auction for the amount of taxes, penalties, and fees, but the original owner has a time period to buy the property back. The buy-back price includes interest (often very high), penalties, fees, etc.

The taxing agencies make the deal as sweet as possible to encourage investors to bid on the properties and solve the delinquent tax problem.

James Ficarro is a property investor and provides an excellent resource for finding and buying tax foreclosed properties and liens in every county in the United States.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Investing in Arizona Tax Liens

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Investing in Arizona Tax Liens

By Russell Hall

Arizona is a tax lien state. Certificates of purchase, as tax lien certificates are known in Arizona, earn interest at 16% per annum. Tax lien auctions use the bid-down interest method (discussed later) and the redemption period is three years.

For Arizona property owners, 50 percent of the property tax bill is due on October 1, and the other 50 percent is due on March 1 the following year. The October tax payment becomes delinquent November 1 if it remains unpaid, and the March tax payment becomes delinquent May 1 if it remains unpaid. Delinquent taxes accrue interest at a rate of 16 percent as long as they remain unpaid. If either tax installment remains delinquent after May 1, county treasurers will start mailing notices to delinquent taxpayers — one in July and one in December. The December notice states that a 5 percent publication fee will attach to all unpaid delinquent tax as of the following January 1, and that a tax lien sale date has been set. To satisfy a lien, the property owner must pay all taxes, penalties and interest.

All Arizona tax lien sales are held in February. The bidding method at the auctions is Bid-Down Interest. In the Bid-Down Interest method, each property is started at the maximum interest rate (16%). The interest rate on each tax lien is then bid down, usually by a one-half or a full percentage point, based on the county. With this auction method, the amount of the tax lien doesn’t change, but the interest rate that will be collected by the purchaser of a tax lien certificate decreases from 16%. County tax sales will continue day-to-day (excluding weekends and holidays) until all properties have been offered. Properties that do not receive any bids are assigned to the State of Arizona.

All real property tax liens that are assigned to the State become available to investors as Over-the-Counter (OTC) certificates of purchase. OTC is also known as assignment purchasing. A certificate of purchase will be delivered to any investor willing to pay all taxes, interest, and any other charges and penalties.

In order to hold onto the certificate of purchase, the holder must pay all subsequent property taxes. If the purchaser holds on to the certificate for three years (from date of initial sale date of property), and the property owner does not redeem, the certificate holder has the right to start the foreclosure process in the superior court of the county in which the property resides. The certificate holder must submit a notice of intent to foreclose on the property to the property owner and to the county treasurer.

Maricopa County (Phoenix area) is the largest county in Arizona with over 3 million people. Maricopa and Pinal counties hold their tax sales auctions exclusively on the Internet. For more information on these Internet auctions see the Maricopa County Web Site and Pinal County Web Site.

Arizona is a good state for tax lien investing for local and out-of-state investors. The county Web sites provide great information for investors, and the county treasurers are very helpful. I would advise you to take a look at the county Web sites and see what you think.

If you are new to tax lien and tax deed investing, or even if you have experience, you’ll want to visit http://www.uspropertytaxsales.com. There is a ton of free invaluable information accessible from this Web site.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Arkansas Tax Deeds

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Arkansas Tax Deeds

By Russell Hall

In Arkansas, all counties hold on to tax delinquent properties for one year, and after notifying the property owner, they then deliver the forfeited properties to the Commission of State Lands. The title to the tax delinquent lands shall vest in the State of Arkansas in care of the Commissioner of State Lands. The Commission of State Lands office becomes responsible for organizing and conducting public tax deed sales throughout the Arkansas counties. Sales generally take place throughout the year in various counties.

The county tax collector in each county is in charge of collecting delinquent property tax. Upon proper notification of the property owner, the tax collector will submit the following information relating to each tax delinquent property. This information will be published between 30 and 40 days before the properties are turned over to the Commission of State Lands.

A list of non-redeemed real property;
The names of the property owners of record;
The total amount due to redeem the property, including taxes, penalties, interest, and related costs;
The expiration date of the redemption period; and
Notice that the property will be forfeited to the state unless the property is redeemed prior to the expiration period of redemption.
Tax Deed Sale Process

The Commissioner of State Lands Web site has all of the required information for buying state-owned tax deeds in Arkansas. A schedule of tax deed sales throughout the state and the inventory of properties are published on the Web site. The tax delinquent property sales list contains the name of the property owner, the legal description of the property, the parcel number, the taxes due on the property, and the minimum bid that is required to purchase the tax deed. It is certainly advisable to do the proper research on a property before committing to make a purchase. The things that you will want to know about the property include the assessed and market value of the property, the location and size of the property, any liens, mortgages or other assessments on the property for which the deed holder may be held liable. The Arkansas county Web sites and numerous other online real estate Web sites are good places to assist you in your research.

Interested investors must pre-register if they wish to attend a tax deed sale. The tax deed sale is competitive, meaning that the investor willing to pay the highest amount for a property will win the tax deed. Bidders also have the option to mail in their bid to the office of the Commissioner of State Lands. In most cases, bids must be received no later than seven days prior to the date of sale. For lands that do not sell for the minimum bid amount, either by mail or at the sale, the Commissioner may negotiate a sale. All negotiated sales must have the approval of the Arkansas Attorney General.

For all sales, the first $100 is due in the form of cash, money order, or cashier’s check. The remaining amount may be paid by personal check, but the the deed will not be issued until that check clears. Upon payment of the full price owed, the purchaser will receive a certificate of purchase from the Commissioner of State Lands. It is important to note that the former property owner is given 30 days from the date of the tax deed purchase to redeem the property. If redemption by the former property owner does occur, the tax deed purchaser receives a full refund. If redemption does not occur, the purchaser will receive a limited warranty deed.

If you are interested in buying Arkansas tax deeds, you definitely need to visit the Commissioner of State Lands Web site. Be sure to read the Buyers Guide and the Laws Governing the Sale of Tax Delinquent Lands.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Deed Vs Tax Lien

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Tax Deed Vs Tax Lien

By Jack Bosch

Different states either sell tax liens or tax deeds to tax delinquent investors. Tax Deed states sell the actual property to you when an owner is delinquent for a number of years. Some states will sell you the Tax deed, however the original owner still has the right to redeem their property from you. Some counties allow the original owner to redeem their property the next morning after the auction and others will allow longer redemption periods up to a few years.

There are 2 ways the state get to sell properties:

1. The state forecloses, then owns the property and auctions it off as the seller; and
2. The state obtains the power to sell from the court but doesn’t own the property;

Interest payments do not go either to investor or state because when a state owns a property, redemption is lost. Thereby, interest payments accrued from the effort of redeeming the property like in Texas and Tennessee are lost too. Redemption is never lost however until property is sold in the second process. If there is no bidder, original owner continues to own it until 5pm of the next day of the auction.

In California, properties become delinquents after July 1, if not paid. There is no auction after 5 years, where power to sell can only be obtained and scheduled for auction sale. In California, county only has the right to sell a July 1, 2007-delinquent property on 2012 and actually sells the property on 2013 and half.

What happens then between 2007 and 2013? Purchaser gains the right over the land.

Immediate property rights is the advantage of tax deed. If a property is delinquent at 2003, property will be auctioned on 2008. When a bidder wins the property, he/she can immediately occupy the property and evict delinquents. The drawback though is it is a cash business. Though checks are accepted, purchase price is paid within 24 hours or on the time of auction. Failure to pay immediately bans the bidder from future county auctions forever.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Delinquent Tax Properties – Why They Are the Best Source of Property

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Delinquent Tax Properties – Why They Are the Best Source of Property

By Rick Dawson

Are you looking to make money from delinquent tax properties? There are several ways. The first question to ask yourself is, what do you want to accomplish by getting involved with delinquent tax properties?

Basically there are two ways to make money by getting attending tax sales: return, in the form of interest, on tax liens that you can purchase, and which wind up paying you off, or by acquiring the properties themselves at a bargain price.

If you’re interested on earning an above-market rate on your money, consider investing in tax liens. About half the states in the country sell tax liens against delinquent tax properties. Once you buy a tax lien, the owner and other interested parties will have a certain time period to pay off the lien, with interest and reimbursement of your legal costs. This is called the redemption period. If you don’t really want to acquire delinquent tax properties but are interested in a solid return only, buy liens on nicer properties in good areas. Most of the time the lien will be bid up by other people attending the auction to about 75% or more of the property’s value. But usually you earn the stated interest rate on the entire amount you invest.

By investing in nicer properties, you almost guarantee that you will be paid off and earn your interest. Over 95% of properties in the upper range of condition and value wind up paying off. Just don’t overpay for the lien in the event the lien doesn’t pay off. In that case you will apply for a deed after the redemption period and receive the property for what you invested in the lien.

The second way to make money is to try to acquire delinquent tax properties. I’ve found that most people want to get involved with delinquent tax properties in order to acquire bargain property. This is a lot trickier.

If you attend a tax deed sale, where a deed (and immediate ownership) is offered, you will be bidding against several others and the price will often reach retail value. If you buy tax liens to try to get property, you will have to wait out the redemption period, and will also often have to bid the prices of the liens up to near retail value. You may have to bid on low-end properties to have any chance of acquiring one with a lien. Also, you must hire an attorney to handle all of the legal work that goes along with acquiring delinquent tax properties through a lien.

So does this mean that it’s difficult to get cheap tax delinquent properties? Not at all. You just have to approach it from the right angle: buying the tax delinquent properties right from the owners before they lose them!

Now you don’t have to wait to get your property and do all the research needed to buy tax liens or tax deeds. Just see who is about to lose their property to tax sale, and contact them right beforehand! You’ll be amazed, many of the delinquent tax properties are free and clear, and the owners simply don’t want them anymore or can’t afford to keep them up. Then you can resell immediately for nice profits, or keep them for rentals.

Want to learn to make money buying tax sale properties WITHOUT attending auctions or waiting?

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Why Wait? Sure Signs that Scream “Take My Tax Delinquent Property, It’s Yours”

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Why Wait? Sure Signs that Scream “Take My Tax Delinquent Property, It’s Yours”

By Jack Bosch

Tax delinquent properties usually takes at least a couple of years to even reach a county auction, and by that time the properties taxes and fees have piled up and it may be more burden that what it is worth. The vicious cycle just gets worse. It makes Tax delinquent investing insane, but it really is not. In fact, it is a brilliant investment. You just have to learn how to find owners that are fed up with their properties and willing to let it go, in exchange for lifting their burden of ownership and some change. This way you will be able to know about the availability of the properties, NOW, and be able to approach the owner to make an offer. All before the information becomes available to the public and you have to deal with competition.

So what are the signs you have to watch out for? There are many reasons why people fail to pay their property taxes, and more too often, it is not accidental. Here are some signs to watch out for:

Out of State Owner – This is the number one reason why people let their property go for taxes because the further away you are, the more of a hassle I it is to actually manage a property and sell it.

Inherited Real Estate – Heirs usually have no interest in inherited property and feel no emotional attachment with the property, especially if they live out of state. They would much prefer o sell it and get their portion of the share than to maintain and manage the property. They decide to let the property go.

Divorce – They don’t want to be reminded of their ex-spouses or they just want to make a quick cash sale, they are just willing to let I the property go for taxes.

Life Plan Changes – Work, career, family, business or other personal reasons have caused the owners to move away with plans to come back after retirement or keep the property as a vacation spot but plans change and they could have found a better spot so they are now willing to let the property go.

False Speculation – They bought it thinking that a huge development was going to happen but never materialized, so they let the property go.

Remember, when owners decide that they no longer want the property and have given up on it, chances are they will be letting it go for taxes. That is a “Go” signal for you to move in and make an offer. They will gladly take you up for it, since you are offering them cash and when there alternative is to just let it go to the county. Now, they end up with some money in their pocket instead of a lien on their property or even worst nothing at all.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Visualize Your Tax Delinquent Property Using Plat Maps

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Visualize Your Tax Delinquent Property Using Plat Maps

By Jack Bosch

Plat maps are important in tax lien property investment, especially when no clear address has been given to the property. As we all know they are illustrations that help us locate certain monuments in the area. This gives evidence of familiar landmarks. This is a way to identify if the property has road access or other rights of way. Knowing that kind of information can help you determine if that property you are looking to invest in has access to a public road, which is a legal requirement imposed by the government.

Plat maps visually provide you with important information pertaining to the property such as: property dimensions, shape and position. Most plat maps also point out landmarks. (like rivers, train tracks, roads, trails, and sometimes elevation). You can use a plat map to locate a street address or find the GPS coordinates if a parcel has none on record.

To obtain a plat map you will need first the APN (Assessors Parcel Number) or the property. This number is the county’s unique identifier for the property. Once you have this number check you see if your county has a website. Most counties allow you to search property records online. If your county does not offer their records online, then you can physically go to the Assessor’s office in your county that you have chosen to invest in and look up documents from there. But for now, let’s assume you can use the internet as your research tool, which I personally think is an absolute necessity in this business. You are well on your way to finding your property. Using the counties plat map search tool, type in your properties APN and pull up the plat map. This is usually accessed in a .pdf or .tiff file format.

The plat map that you pull will show you a bunch of parcels with identifying numbers or letters. Each parcel may have the dimensions printed beside them and may contain outlines of roads, landmarks, rivers, trails or tracks. Each county is different in the way they identify a property on the plat map, so check with your county on this, but as a general thumb rule most counties use the last digits of the APN number to identify the parcel. For instance if an APN number reads 380-477-058, then the on the plat map the property may be marked with a circled 058 number. Also look at your properties legal description if the legal reads “Lot 2 in Block A of the San Fernando River Subdivision” then you would need to pull the plat map for block A of the San Fernando Subdivision and look for the lot that has 2 printed on it.

Plat maps are official recorded documents that give you a visualization of the lots in any given area and they are invaluable when doing your due diligence before an investment purchase. For instance, you will be able to determine if you are investing in a one acre lot surrounded by large 40 and 80 acre parcels or a one acre lot next to one to two acre lots. Another great reason to view the plat map is that the plat map is that it gives you a quick overall view of the area. Properties zoned for residential use next to a train track may not be what you what to invest in and will probably significantly reduce your chances to sell the property later on. By taking a quick look at the properties plat map you should be able to weed out a lot of the parcels that you don’t want to buy. My favorite example though on why you should look at the plat map is that sometimes, although very rarely, you will come across parcels that are 1 acre however they are only 10 feet wide and 4356 feet long. This type of parcel is deceiving and if such a parcel is for sale in a great neighborhood for a very low price you maybe tempted to react in haste. But remember, Always view the plat map… in the above case you will be glad to have caught this junk property before you purchased it.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Different Avenues of Tax Delinquent Property Investing

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Different Avenues of Tax Delinquent Property Investing

By Jack Bosch

There are lots of ways by which you can invest in tax delinquent real estate. I am planning a seminar for three days to cover all the different methods of this arena. I will teach how to profit from county tax liens and tax deeds as well as all the advanced techniques that I use on a daily basis that allow me to easily make millions.

What is tax lien and tax deed property investing?

Most people have heard about tax lien investing, If you own a real estate in the United States, you have to pay property taxes. If you do not pay them, the county can issue a lien against your property and sell the lien at auction to investors. If you decided to you’re your taxes finally you have to pay it off with interest, penalties and fees. Guess who gets the interest? Correct. The investor makes the interest. Every county varies, but most counties wait a period of 3-5 years before they will sell a lien to the highest bidder. In Tax lien investing you can make money either way, if the owner pays the lien off, or even if they don’t. If they don’t pay the lien off you can foreclose on the property and take ownership of the property.

Tax deed investing is basically the same deal, people don’t pay their taxes, but instead of the county placing a lien on the property they actually sell the deed to the property. So in this case you don’t get interest on your money, however you can potentially make much, much more by selling the property now at market value.

If you do your research, you can find these properties before they get to a county auction and purchase them directly from the owners for pennies on the dollar.

In conclusion

Tax delinquent investing will allow you to have time with your family, and money to do what you please and most importantly allow You to leave that long boring work week behind you forever. I got the wake up call when I was working that 70-hour a week job and discovered this way to a better life, I desired success and I put in the time I needed to achieve this. Now I have time and my investing company stays working for me even as I travel and enjoy my family.

Family Time

Let me just say one thing about dreaming big. I wanted this for my family, for my kids so they knew who I was instead of just that person who comes in at night. I needed the security of a retirement, which I did not have with the regular job. I knew I had to find a way to achieve these dreams and I this is when I discovered tax delinquent investing. No matter what avenue you decide to pursue in the tax delinquent arena, I want to help you succeed. I know what it is like to have nothing and not many options and believe me the grass is greener on the other side.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Delinquent Property Tax Can Ultimately Lead To The Sale Of Your Property

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Delinquent Property Tax Can Ultimately Lead To The Sale Of Your Property

By Matt Murren

There are penalties for those individuals who leave their tax unpaid allowing it to become delinquent property tax. The good news is that there is an installment plan for people who want to redeem their property which is subject to delinquent taxes. In San Francisco this plan has a due date for the first installment which is 5 p.m. on December 10. If that date happens to fall on a weekend or a holiday the installment is not due until 5 p.m. on the following day. If it is not received by the Treasurer & Tax Collector Officer, or postmarked by the due date, the installment is then delinquent. There is a delinquent penalty incurred of 10%. The second installment is due by April 10 by t p.m. (or postmarked by that date). If it isn’t received by the Treasurer & Tax Collector Office by that time (or the next business day in case of weekend or holiday changes) it is then delinquent. A 10% penalty is also added. In addition, a $10 Administrative charge is placed on it. In genera, all supplemental tax bill installments must be paid on time or these charges and penalties have to be paid in addition to your taxes. If there are any of the taxes at all left unpaid by June 30 at 5 p.m. the property goes into default. (If June 30 happens to be on a weekend or holiday the tax installment must be paid by 5 p.m. on the previous business day.

After a tax default occurs a delinquent property tax is allowed to go unpaid for as many as five years maximum, after this it can be sold at a public auction, but even before it is offered for sale it can be obtained by a public agency. Between that time you do have the option to regain your property by paying the delinquent taxes and penalties.

A delinquent property tax can be paid by mail, by check, or money order and must have a block number and a lot number on them. The mailing address is City and County Tax Collector; Real Estate Tax; P.O. Box 7426; San Francisco, CA 94120-7426

If you are going down to pay it in person the address is City Hall – Room 140; 1 Dr. Carlton B. Goodlet Place; San Francisco, CA 94102

Checks, money orders, cash, and credit cards are accepted when you are paying in person. Private Issue, Discover, and Bravo are the credit cards which can be used when you are paying delinquent a property tax bill in person.

Matt D Murren owns and operates http://www.property-tax-assessment-advice.com.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Profit From a Delinquent Tax Lien

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Profit From a Delinquent Tax Lien

By Andrew Richards

Make your fortune from delinquent tax lien sales. It’s a well known fact that the best time to lay the foundations for future money making is when the economy is in a depression. Property prices are on the floor and all those ‘property speculators’ that emerged in 2002, 2003, and 2004 have tumbled in to financial insecurity.

It is well documented that the sub-prime mortgage crisis has fueled many property foreclosures of ordinary people but there is another area that has fallen on hard times: the property investor. In the early 2000’s property investors were snapping up houses and land believing that within months they could re-sell what they had bought for a large profit. And profit they did until the cream went sour! Many of these investors, or speculators, were left holding property that they did not have chance to dispose of before the market collapsed. Not to worry they thought, just hold and wait for the market to recover then re-sell when prices recover. Not for a minute did they think the market would not have recovered by now.

Where is the problem? These people did not have finance on the properties they bought as they had purchased them with the cash profits from earlier deals so therefore they did not go in to foreclosure as they did not have any finance to default on. However, all these properties were subject to property taxes and as time wore on these taxes have become a burden that they were unable to maintain. No problem as taxed properties do not go to a delinquent tax lien sale until 2 years after failure to pay. So when it came time to pay the 2006 property taxes in 2007 they knew they would not lose the property until 2009 by which time the property market would surely have recovered and they could sell the property and pay the back taxes and reasonable interest and fees.

Well two years later and the market has not recovered and the delinquent tax lien sales have started to flood the market as counties sell off the tax deeds for just a fraction of the properties value to recoup the outstanding taxes and fees. Houses and land are being sold for pennies on the dollar. Now is the time to take advantage of these delinquent tax lien sales.

One of the problems with finding these auctions is that they are not very well advertised and so it is only people in the know that attend and snap up bargains galore. Why are they not widely advertised ? The reason is that the county has to add the cost of advertising on to the outstanding debt and their philosophy is that if the property does not sell then it is another drain on the taxpayer. They don’t have a mindset that the more people that know the more people will attend and the more chance of selling. They have to advertise by law so they choose some obscure publication that nobody buys or sees whose advertising rates are real cheap, just so they are above the law.

Bingo this is where you profit, be in the know as to how the system works and how to find where and when these auctions are going to be taking place. Go to http://www.ourhonestreview.com/houseauctions.html for all the information that you will need to profit from this recession.

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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! Definitely worth exploring if you haven’t already.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Delinquent Property Tax – Redeeming Tax Defaulted Property

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Delinquent Property Tax – Redeeming Tax Defaulted Property

By Matt Murren

If you do not pay your delinquent property tax it is allowed to remain in default for five years maximum limit then the property can be sold at a public auction or to a public agency. You can stop this by paying the taxes before the date that it is set to be sold.

In San Francisco, to redeem your property after it has been defaulted you must pay all of the delinguent property tax owed on the property, plus a 10% penalty must be paid on each year of delinguent taxes. You will have to pay a $10 administrative charge for every tax delinquent year. A monthly penalty on all of the unpaid taxes that have accumulated until that date must be paid. Also there is a redemption fee in the amount of $55.

If you have failed to pay your delinquent property tax and you now need to know how to redeem your property you can obtain an estimate by getting in contact with the Office of The Treasurer & Tax Collector. You can call (415) 554-4497. They will take calls during their business hours of 8 a.m. – 5 p.m. on Monday – Friday.

In order to have your penalty tallied correctly be sure to provide a specific date that you will be redeeming your property. Also bring with you a block number as well as a lot number for your property.

Remember that you can not pay only one year of delinquent property tax and expect to redeem. All of it will be tallied together for every year combined. All of it has to be paid in total to redeem the property. If you can’t afford to pay the entire amount of the delinquent property tax bill in full at the time, you are allowed to use a redemption installment plan just as long as the taxes which are unpaid have not remained so for over five years after the date they became defaulted. When you open an installment plan you have five years to pay the delinquent taxes – from the date which you took out the installment plan.

To redeem your property and pay your delinquent property tax you are allowed to open the installment plan account as soon as the following day after the taxes becomes defaulted.

Matt D Murren owns and operates http://www.property-tax-assessment-advice.com.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Delinquent Property Investing Basics

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Tax Delinquent Property Investing Basics

By Jack Bosch

After writing many articles about the ins and our of Tax Delinquent Property Investing I keep coming across a large number of people who are interested in the subject but who did not yet have the chance to learn what this Tax Deed and generally the Tax Delinquent Property Investing system is all about.

Well, let me take the time today to go back to the basics and explain how this works.

In the United States a lot of the services each state, county and municipality offers their residents is paid for through the collection not of Income taxes but instead of “Property Taxes” levied on any Real Property (meaning Real Estate including Raw Land).

The taxing authorities here are multifold (Municipality, County, State, Fire District…) but the collection is usually being done by the County in which the property is located in.

Now what happens if a property owner refuses (or just forgets) to pay the property taxes on such a property? Obviously this strips the County/City/… of funds needed to pay for services like Police, Street work, Firefighters….

As a result in the US (vs. other countries where they have completely different systems), the States have given the counties the right to do one of two things.

Sell the outstanding property taxes to investors in exchange for several rights, amongst them
The investor gets issued a Lien against the property (called Tax Lien Certificate)
The Right to collect a high interest rate (usually between 12 and 24% but can be higher in some states)
The Right to foreclose on the lien against the property (down the road) if the owner not redeeming the Lien
Sell the actual property at public auction. (called a Tax Deed Sale, or plainly a Tax Sale)
In either case basically there is the possibility that the owner gets the property taken away due to non-payment of property taxes.

In effect this is something that remains from the “WILD WILD WEST” days of the US.

Now how can you make a profit from this!! Very easily!!!

You can go and attend the Tax Lien Auction and buy one or many Tax Lien certificates and collect a high interest rate until the owner pays off. If the owner does not pay off the Tax Lien Certificate in the Statutory Redemption period, you hit the JACK POT and can foreclose on the property and OWN The actual REAL ESTATE for only the back taxes you paid plus some foreclosure cost.
You attend the Tax Deed auction and buy a property there directly from the State for pennies on the dollar.
You follow my Proprietary method of buying Tax Delinquent properties directly from the Long time owners PRIOR TO AUCTION with Title insurance, FREE AND CLEAR for as little as $100 to $500
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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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Micro Detailing A Tax Delinquent Investment

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Micro Detailing A Tax Delinquent Investment

By Jack Bosch

Knowing more about the tax delinquent investment property’s background helps you price the property appropriately. Knowing its history is one thing but to know that it’s been delinquent in taxes opens an opportunity for you, the Tax Delinquent Investor. How do you ask a property owner who has obvious delinquencies how much they owe in back taxes? There are usually diverse answers when you try to ask this very intrusive question to the seller. It’s either they know it, they don’t know it and will just give you an estimate or they don’t want to disclose it. So, being sensitive to their situation is useful. Try not to come on too strong and annoyingly intrusive for this may lead to your downfall.

You know a Tax Delinquent property still owes back taxes, attempt to ask the seller how much in a direct but non-insulting way. You can always call the county directly to find out this information, so you are really only asking the owner to see how well they manage their property. If they feel that you are sincere in asking, it may just lead them to disclose the amount. If you have a diversified investment portfolio in your business it might be best o group your investments together. Try to categorize the properties you are looking to invest in, in a spreadsheet like you do for your Tax Delinquent tax roll list, assessment roll list and FREE & CLEAR PROPERTIES. Properties belonging in the tax delinquent tax roll list and assessment roll list are properties that still have property tax debts. The usual and common answer from the seller is an affirmation. They either know how much they still owe or give you an estimate if they happen to not know it exactly. By knowing this, it’ll help you distinguish your capacity in negotiating with the seller. Knowing what price to offer and what you could do for the property can help you calculate how much is fair to offer the seller. By doing this, it will help you micro detail and research more about the tax delinquent investment property.

There may be lies and uncertainties along the way. Some sellers may be embarrassed that they owe property taxes but make sure you communicate to the seller that you are not trying to insult them, you are trying to help them get rid of that burden and maybe release them of their debt. The key in giving a good offer is to verify the information you have about the tax delinquent investment property and be positive about it. Micro detailing a tax delinquent investment property regarding the back taxes it owes helps you research more about the property and give yourself some time to think about your price offer. You will be able to gauge the value of the land or property you are looking to invest in as long as you have done your research right. Finding the right properties is great for your Tax Delinquent Investment business but being able to find a fair price to offer to the tax delinquent is even better. In this business, it is only half the battle to find the right investment, pricing it is the other half to complete an ideal transaction.

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September 9, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Megabucks in Tax Delinquent Property Investing

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Megabucks in Tax Delinquent Property Investing

By Jack Bosch

Did you ever plan on investing your money on property or real estate? Perhaps now would be a good time to pursue this goal with the numerous Tax Delinquent Properties that are being offered out in the market today. I’m an active investor in this particular field and I believe that if you play your cards right you can earn a lot with this undertaking. My name’s Jack Bosch and since 2001 I’ve been buying and selling unimproved lands and homes.

Real estate or property investment requires a lot of careful planning and assessment. You have to know where to begin and how to go about with the purchasing and selling of your properties. In addition, you have to be up to date with the current tax laws and guidelines in owning and selling properties or real estate in a specific area, state or region. There are lots of ways you can acquire tax delinquent properties or real estate. One is by way of a county tax lien and foreclosure. Another is by a county tax deed sale and there’s even still yet one more way which I call the direct purchasing method, but my wife refers to it as the mega bucks method because you can make boo-koo bucks.

Basically each of these techniques are viable and can net you a lot of profit, but before you acquire properties you have to be wary of the completion in each niche. Unlike most real estate investing “Gurus”, I recommend that you focus not so much on acquiring homes, but rather on land. I especially think this is better when you first start out. Acquiring and selling Land is a great way of making lots of money in the tax delinquent real estate investing arena. Some aspiring investors don’t understand that there is a huge market of buyers who would love to have a piece of land somewhere that they can buy cheap and later on develop. Since not a lot of investors focus on vacant land chances are that there will be little to no competition in your area.

Again, if you’re looking to invest on real estate, this is the shortest list of helpful tips that I can give you as a guy whose been engaged in Tax Delinquent Property Investing for quite some time now.

Do your research, find out what works best for your own investment plans and do all the necessary steps to get there. Mega Bucks is surely a wonderful motivation to get into Tax Delinquent investment, but you have to be prepared to do some Mega Work initially to get your cash machine rolling. The great thing is that anyone can be successful, with a little training and inspiration.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Delinquent Investment Basic Questioning Matters to Ask Tax Lien Property Sellers

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Tax Delinquent Investment Basic Questioning Matters to Ask Tax Lien Property Sellers

By Jack Bosch

When a tax delinquent owner calls you, there are a few questions you have to ask them, especially when you already have them on the line. It is obvious you have to know who they are and why they are calling you. If they fail to be detailed about which property they are talking about for you to distinguish which one they own, go ahead and ask them, it’s perfectly fine to do that. Secondly, you ask for the state where the property is located in. Another important question you have to ask is the county where the property is located in. These are the basic things that you will need to properly identify their property. Of all the letters you have sent out expressing your interest, I am quite sure it would be difficult to know right away which property they are speaking of unless you ask these basic questions. The data you collect straight from the owner is the data you will be encoding into your spreadsheet records in Microsoft Excel.

Remember that it would always be ideal to talk to the actual owner of the Tax Delinquent property. Not a relative or a friend because they could mix up things and create confusion in your recorded spreadsheet. You also need to confirm their address. If the seller has moved away and the letter was mailed to an old address and went through a mail forwarding process, it would take weeks to get to them or even might be returned to you by the post. Knowing their current mailing address will help in speeding things up in the Tax Delinquent Investment business.

Ever heard about snow birds? That’s another thing you have to be aware of. These people are from the upper states where it gets really cold in the winter. They come to live down south to spend their winters there to avoid the frostbitten weather. Then during the springtime, they go back up to their northern residences. Believe it or not, the county office has a record of them. You should probably keep a record of them as well. You might want to send them a letter at some point and you could be sending the letter to their northern address during the winter. They won’t get it until they come back in the spring. At that point, someone has beaten you to that Tax Delinquent Investment property. When you have a property delinquent over the phone make sure you clarify it with them where they would like you to send them the offer to, or ask them if they have another residence they stay at during winter months.

Towards the end of the phone conversation, you might want to ask them: “How many properties are we talking about?” Is this the only property they want to let go of for taxes or do they have more properties they want to add to their list?” You never know, they might just give you a list of properties they are willing to unload. This would be a jackpot for the Tax Delinquent Investor, YOU.

Before you let them go, or hang up the phone, try to sneak in a little question regarding their Tax Delinquent property. Try to find out if they happen to know how much they owe in back taxes. If you get them to answer this tiny little question then it would cut your work for you in trying to estimate how much you would offer for this property. Knowing what questions to ask a tax delinquent will help you reduce the amount of time you have to spend in hard research. You have them on the phone and they can practically hand you pertinent information on a silver platter. Tax Delinquent Investing is like riding a bike. If you learn and master the basics, then you’ll never have to worry about falling off.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Why Do Banks Pay Unpaid Property Taxes On Mortgaged Homes?

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Why Do Banks Pay Unpaid Property Taxes On Mortgaged Homes?

By Maggie Dawson

If you invest in tax sale properties at the government held tax deed or tax lien auction, you’ll find that almost all the properties have one thing in common: none of them have a mortgage. The banks pay unpaid property taxes on homes that are mortgaged almost every time. Why is this?

The answer is simple: when the government forecloses on a property for unpaid property taxes, all liens and mortgages are wiped out. The buyer of the tax lien or tax deed, when they become the owner of the property, will have a free and clear title to the property. So if banks DON’T pay unpaid property taxes, then they will lose their ability to foreclose on the property and recoup their investment.

Also, frequently banks bundle property taxes into the monthly mortgage payment for homeowners. That way, as long as the mortgage is getting paid, the taxes are also getting paid, and if an owner gets behind on their mortgage, the mortgage company is still keeping the property current on its taxes and safe from government foreclosure.

What this means for investors is that it’s a much better investment to buy tax sale properties than properties that are in the process of bank foreclosure. Since most tax sale properties are free and clear when you buy them, you remove the headache of settling with the mortgage company and other lienholders… not to mention you don’t have to pay the mortgage while figuring all those details out!

Unfortunately, savvy investors have already figured this out, and large companies have grown up around this industry. If you try to buy properties at auction, you’ll be bidding against companies that invest in tax sale properties full-time. They employ teams of researchers that figure out which properties are the best investments, and they’ll outbid you on these properties every time.

The best thing to do is to forget the tax sale all together, and let the big companies do your dirty work for you! After the tax sale has been completed, there is usually a year where the buyer can come to the tax office and “redeem” the property– pay the taxes off, and get their property back. During that time, you can see which properties have been bought by the big companies and narrow your focus to those particular properties, and then go to work on buying them directly from the owner.

To delve into the world of “deed grabbing,” as this method of tax property investing is known, visit Rick Dawson’s Deedgrabber site, and learn to easily profit with little to no competition.

To sign up for a free (by email) delinquent tax investing course, “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here.

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Foreclosure Properties: What They Are, and How To Buy Them

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Tax Foreclosure Properties: What They Are, and How To Buy Them

By Maggie Dawson

Everyone who owns a property must pay taxes on it each year. If the owner doesn’t pay his or her taxes, the property’s status becomes delinquent. Fees accrue and further taxes continue to pile up as time goes by. If the property isn’t brought current within a specified period of time, which differs state by state, then the property will eventually be foreclosed upon by the county in which it’s located. These tax foreclosure properties provide a great opportunity for savvy real estate investors.

There are several reasons why tax foreclosure properties are better investments than mortgage foreclosure properties, but the biggest is that they are almost always free of mortgages by the time they reach the sale (mortgage companies will bail out the back taxes long before that on properties they have an interest in). Houses without mortgages are often also houses without other liens, leaving the equity up for grabs if you’re lucky enough to buy one.

You’ve likely seen infomercials recently claiming you can make thousands by investing at the tax sale. They’re only half right (the other half is blatant exaggeration to try to get sales!)- tax foreclosure properties are a great investment, but you’ll have to avoid the tax sale to get the best deals. Competition at tax sales is fierce, and often the little guy can’t compete with the tax investing goliaths that go after the best properties.

The way to get these properties is by waiting until time is running out for these owners- this is usually during the period AFTER the tax sale. Most states give owners a year or so to “redeem” their property after it’s been sold at tax sale. When that period of time is up, there is no recourse- they have lost their property permanently. So by waiting until shortly before that redemption period is up, and contacting the owners at that point, you’ll be catching them at a time when they’re highly motivated to sell their property to you for a steep discount. Sometimes, these owners have resigned themselves to losing the property, and are just happy to be selling it to someone other than the government.

Few investors exploit this route. Why? Could be because it’s more work, but it’s more likely they just don’t know where to begin. If you’re willing to put in the time and work to find these people, you’ve just discovered a lucrative way to invest in free and clear real estate with next to no competition.

Click here for more info on this investing method- including how to obtain or compile your own list of properties about to be lost to tax sale in your area or anywhere in the country, and how to find their owners.

Also, learn what to say to an owner when you talk to them on the phone, to “grab their deed” for as little as $10! (Yes, really!)

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

How to Purchase a Home For Back Taxes

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How to Purchase a Home For Back Taxes

By Maggie Dawson

If you’re hoping to get a great deal on an investment property or a home to live in yourself, you should definitely consider purchasing a home for back taxes. There are a few ways you can go about doing this.The first (and most obvious) way is to purchase a property at government tax lien or tax deed sale.

When a property’s taxes have gone unpaid for long enough, the government (usually at the county level) will sell the property at tax deed or lien auction. At a tax deed auction, the deed itself to the property is sold to the highest bidder. In some states, you take possession right away. In most states, the owner has a year to come forward and pay the taxes off after the deed is sold. If they don’t, then after that time period is up you will be the new deedholder.

At a tax lien auction, you will be bidding on a lien against the property. In this case, like with tax deed auctions, the owner will have a period of time, usually between six months and five years, to come forward and redeem their property. If they don’t, then once that period of time is up, you will be able to apply for the deed to the property, and foreclose.

Not too promising, is it? Most of the time, the owner of the property you bid on will pay the lien off or redeem the deed. When they don’t, you’ll usually have to wait at least a year, if not much longer, to become the owner of the property. But don’t fret… there is a better way to purchase a home for back taxes.

If you’re looking to buy property that you can get the deed to right now, there’s only one surefire way of doing that- by purchasing the property directly from the delinquent owner. Sound difficult? Afraid they’ll be angry at you for contacting them? It’s quite the contrary– it’s some of the easiest real estate investing out there.

If you wait until there is very little time left before they will lose their property permanently- like a few months before that lien payoff or redemption period is up- this unique subset of sellers truly have nothing to lose by selling to you. In fact, they’re often quite happy to be able to get something for their property, rather than lose it to the “highest bidder!”

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

How to Buy Tax Properties Without Ever Attending a Tax Sale

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How to Buy Tax Properties Without Ever Attending a Tax Sale

By Maggie Dawson

If you’ve recently attended a tax sale with the hopes of buying a tax property for just the delinquent taxes owed, you probably left empty-handed. Many people research properties and show up at the tax sale without realizing they’ll be outbid by large companies with teams of researchers and lawyers that do this full-time, all over the country. It’s disheartening, but you’ll be happy to know there is a much simpler way to buy tax properties, without ever attending a tax sale.

The first thing you’ll want to do is compile a list of tax properties in your area. You can usually get a list like this from the county holding the tax sale. If you’re a more advanced investor, you can also compile your own list. Next, you’ll want to research these properties, to narrow down the list to ones you’re most interested in purchasing. This usually entails deciding what you’d like your profit margin to be, and deciding which properties will be your best investments.

After this, you’ll want to research the owners to find contact information. Often, they no longer live in the property, and may be difficult to find. Once you’ve gotten their information, you’ll need to call them, and make a deal with them to purchase their property directly. The best time to call them is just before they’re about to lose their property permanently– when they’ve got nothing to lose by selling to you.

Once you’ve got a deal to purchase their property, there’s lots you can do with it. You can purchase it yourself, let it go to tax sale, and then collect the excess funds; you can try to find a buyer before the tax sale and let them handle the tax issue; or, you can pay the delinquent taxes yourself, and rent it out, rehab it, sell it for top dollar, or even live in it.

To delve into the world of “deed grabbing,” as this method of tax property investing is known, visit Rick Dawson’s Deedgrabber site, and learn to easily profit with little to no competition.

To sign up for a free (by email) delinquent tax investing course, “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here.

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

How To Buy Foreclosed or Tax Delinquent Homes For Sale

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How To Buy Foreclosed or Tax Delinquent Homes For Sale

by Maggie Dawson

Buying foreclosed or tax delinquent homes is really quite simple. If you’re dealing with a bank foreclosed home, you can buy that property directly from the bank (usually via a real estate company). If you are interested in a government foreclosed tax delinquent property, in most cases you will bid at auction for the deed to the property, or a lien on the property.

In both cases, by the time the property is available for you to purchase, it should have a clean title. In the case of bank foreclosure, during the court process to settle the foreclosure, other lienholders would have to come forward in order to get anything out of the property. Any judgments left over would follow the previous owner, not the property. So if you’re buying a bank-owned property through a real estate agent, you don’t have to worry about anyone else having an interest in the property.

The same goes for a tax foreclosure. Tax deed sale wipes clean any mortgages, liens, or other interests in the property. If you are the winning bidder on a property, and you get a deed in your name to the property, then you are the free and clear owner and you don’t have to worry about any judgments or liens crawling out of the woodwork.

Unfortunately, getting a good deal on tax foreclosed property bought at tax sale is a challenge. Since there are hordes of other bidders, many of which will be big tax sale companies that invest in tax sale property full-time, the chances of getting a winning bid, much less a winning bid for a great deal, are slim to none. However, this doesn’t mean you can invest in tax sale property– you just have to go about getting it in a different way.

The best way to get tax property is to wait until just before the property is about to be lost permanently, and contact the owners directly to set up a purchase deal. In some state this would be the end of the “redemption” period, the year or so after the tax sale when the owner can still bail out their property. Other states have already foreclosed by the time the tax sale rolls around, and the winning bidder at tax sale takes possession of the property right then and there.

At this point, the owner will be highly motivated to sell to you. Since they have often resigned themselves to losing the property without getting anything from it at all, these owners are often happy to sell to you, and for very little, just to avoid losing the property to the government. While there are rarely mortgages on these properties, if there are other liens on the property, you’ll need to take care of those in addition to paying off the delinquent taxes– but this can often be a great bargaining chip with the owner to get a fantastic deal.

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Houses With Unpaid Property Taxes- A Unique Investing Opportunity

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Houses With Unpaid Property Taxes- A Unique Investing Opportunity

By Maggie Dawson

If you’ve been investing in mortgage pre-foreclosure homes with little success, you may want to look into switching up your game plan and investing in houses with unpaid property taxes instead. Why? One simple reason: they rarely, if ever, are encumbered by a mortgage.

Houses with unpaid property taxes that make it all the way to tax sale have a few things in common.

First of all, they’ve had ample opportunity to be “saved” by their mortgage companies. Normally, if a house has unpaid property taxes and is in danger of being sold at tax sale, the mortgage company will come in and pay the taxes to avoid losing their stake in the property. More often than that, mortgage payments include property tax- so those houses would never end up with unpaid property taxes.

Secondly, the taxes have been unpaid for quite some time. Although there is state code governing how long a property can go with unpaid taxes before being sold at tax sale, often they go much longer due to the discretion of the county (sheriff, clerk, tax commissioner, etc). Once taxes have gone unpaid for that amount of time, we can guess the owner isn’t planning on paying them off, or that they don’t have the money, or simply don’t have a clue that the property will be auctioned off. (Sometimes, they aren’t even aware that they own the property at all!)

Finally, the most important thing they have in common is that they are a lucrative investment opportunity. While investing at the actual tax sale isn’t always a great way to get a deal on houses with unpaid property taxes, due to the competition from other bidders, you can often get these properties directly from their indigent or uninterested owners for token amounts. They key is to contact them just before the property is going to be lost forever, when they’ve got nothing to lose by selling to you.

To delve into the world of “deed grabbing,” as this method of tax property investing is known, visit Rick Dawson’s Deedgrabber site, and learn to easily profit with little to no competition.

To sign up for a free (by email) delinquent tax investing course, “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here.

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buying Real Estate By Paying Delinquent Taxes

By Maggie Dawson

Buying real estate for the delinquent taxes alone is not as easy as you may be thinking. If you’re dreaming of paying a few thousand dollars to buy a nice property, keep dreaming. With the number of real estate investors growing by the day, you can be assured that any piece of real estate that’s being sold for delinquent taxes will have many parties interested in buying.

That’s why counties hold tax sales. These are usually in the form of tax lien or tax deed auctions. At these sales, liens or deeds (depending on the state) are sold to the highest bidder. Because there are so many bidders at every auction and all are usually interested in purchasing the best properties, you will seldom find a deal at any of these auctions.

This doesn’t mean that you can’t profit off of tax delinquent property- you most certainly can. It is simply unlikely you’ll do it in direct competition with large investing companies that will most certainly be bidding against you at tax sale. Don’t fret– there’s another way.

What you’ll need to do is get to the tax delinquent owners before their homes are lost. In many states, this will be after the property has had a lien sold against it, or has had the deed sold at tax sale. As the window of time for these delinquent owners to get their property out of tax sale closes, they’ll be primed and ready to part with their deeds for very little money. Then, you just pay off the delinquent taxes, and the properties are yours!

Get the full scoop on this seldom-used real estate investing method, and easily profit with little to no competition.

To sign up for a free (by email) delinquent tax investing course, “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here.

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buying Homes For Back Taxes Vs. Investing in Mortgage Foreclosures

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Buying Homes For Back Taxes Vs. Investing in Mortgage Foreclosures

By Maggie Dawson

If you’ve decided to get into the foreclosure investing business, good for you. Foreclosures are at an all-time high due to the recent economic downturn, and the opportunity for investing has never before been quite what it is right now. The question is, what route will you take- buying homes for back taxes, or investing in mortgage foreclosures?

The smart answer is to invest in tax foreclosure property, and here’s why.

While mortgage foreclosure investing used to be a lucrative venture, recent times are finding more and more homeowners upside-down in their mortgages. When home values dropped, so did the equity these people had in their homes. So today, finding a mortgage foreclosure with equity to go after is a rare thing- not to mention the field has become crowded with other investors as of late.

Homes with back taxes owed, on the other hand, almost never have a mortgage and almost always have a ton of equity. Why? Because at tax foreclosure sale, mortgages are wiped out- so mortgage companies make sure to pay the delinquent taxes on a property before it ever makes it to tax sale- leaving mostly properties that have no mortgage by the time the sale rolls around. Also, frequently the back taxes owed are the only encumbrance on these properties… houses without mortgages are also often houses without any other liens.

So what now? How to get this property?

You will probably have little success investing at the actual tax deed/lien sale. Other full-time tax property investment companies will have researched the best properties and will be willing to make a smaller return on their investment that you are, so you’ll be outbid almost every time. This doesn’t mean you can’t invest in tax property– you just have to be a little smarter about it.

Why not attempt to buy the properties directly from the distressed owner, instead? These owners are often ready to get out from under the tax burden and would rather sell to you than see their home lost to the government. Many times you will find that these owners have already resigned themselves to losing the property and getting nothing from it, or just no longer care what happens to the property (we offten see this in the case of an absentee owner or failed landlord). These owners are motivated to sell, and to sell for cheap.

Click here for more info on this investing method- including how to obtain or compile your own list of properties about to be lost to tax sale in your area or anywhere in the country.

Also, learn what to say to an owner when you talk to them on the phone, to “grab their deed” for as little as $10! (Yes, really!)

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Back Taxes Property Is For Sale In Your Area- How to Get It

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By Maggie Dawson

Unfortunately, in the current economic climate, property being sold for back taxes is at an all-time high. As more and more people find the task of home ownership to be too cumbersome, and more and more people find themselves unable to come up with the hundreds to thousands of dollars to pay their government property taxes, back taxes property is cropping up everywhere. Their loss can be your gain, if you play your cards right.

If you’re looking to invest in back taxes property, there are a couple ways to go about it. Don’t make the mistake of thinking you can pick up a nice property- like one you’d like to move right into- for the amount of back taxes owed. This never happens. What actually happens at the tax sale auction, which is held monthly or yearly by county, is that there are many bidders all trying to get the same properties, and the nice ones will be bid up to close to what you’d pay on the open market. The other pitfalls are that you rarely, if ever, can inspect the interior of the property you’re bidding on (eek… what nightmares lie within?), and you will have to pay the full amount, in cash, at the sale.

If you do end up winning the bidding war and purchasing a property, what you are actually purchasing in most states is either a lien, which will allow you to petition to foreclose at some point in the future, or the deed, but you will have to wait a certain period of time before you can have it. It is very rare that you will actually get the deed and access to the property right then and there (only a few states do it that way). Usually, the counties give the delinquent owners a year or more to come in and “redeem” the property- that is, pay off the back taxes, plus the accrued fees. In this case, you would get your money back along with whatever the state ordained interest rate on that money is. This scenario plays itself out almost every time, so if you’re looking to acquire back taxes property this way, you’ll almost always be out of luck.

A much better way to obtain the actual properties themselves is to buy them directly from the delinquent owners just before they are about to be lost for good. These owners, in that timeframe, are a unique subset of sellers who are often willing to sell you their deeds for pennies on the dollar. This is the only surefire method to acquire back taxes property for cheap, and without a ton of competition.

Click here for more info on this investing method- including how to obtain or compile your own list of properties about to be lost to tax sale in your area or anywhere in the country.

Also, learn what to say to an owner when you talk to them on the phone, to “grab their deed” for as little as $10! (Yes, really!)

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Honesty is Still the Best Policy in Tax Delinquent Property Investment

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Honesty is Still the Best Policy in Tax Delinquent Property Investment

By Jack Bosch

I can imagine that there are probably a few people that have deceived their sellers into selling their properties to them just shortly before the auction. There are people out there that basically lie to their sellers to make them sell the property to them. Very often these are the black sheep that are discrediting the Tax Delinquent Investment industry.

I am asking you as starters in the Tax Delinquent Investment business, is that while you are in this industry, you should be completely frank and honest. This is valuable to what you are trying to do in this business. You should be proud of what you are doing. You have no reason to be afraid, and never be nervous. Just as long as you are confident that, although you are making a huge potential fortune, it doesn’t mean you are using someone else to get it. What you are doing also benefits them to a certain extent. You are lifting their burden of piling back taxes.

What we are trying to find here are people who have given up on their property and will let it go for tax sale. You are willing to buy these properties faster and give them more money than they usually end up with otherwise. You bring this property back on the tax roll, pay the taxes, and sell it to somebody. Take it from the hands of somebody that is not happy with it. And quite often in the end you will receive a thank you letter from your sellers.

Never, ever go and tell your sellers or the county office something that is not true. When you decide on selling properties on your own discretion always be honest about what it has with it. In the Tax Delinquent Investment business, it is always wise to tell the truth for it ill always set you free to the road of fortune.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Title Companies – A Big Help in Tax Delinquent Investments

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Title Companies – A Big Help in Tax Delinquent Investments

By Jack Bosch

The job of the title company begins well before settlement. It assembles information from many sources, including buyers, seller’s mortgage companies, land records and court records. It coordinates with all parties involved in the settlement. It looks for any potential problems in the transactions and clears up any judgments and/or liens against the parties prior to the transaction.

At the settlement table it collects and disburses funds from the transaction, transfer ownership of property and issue title insurance after settlement. The title company is also responsible for recording the Deed and Deed of Trust in land records. It also tracks and records the release of the seller’s mortgage.

When you have a property that will net you at least $20,000, you may want a title company assist you with the sale. It does not take a whole lot of margin away from that deal anyway and using a title company is a convenient way of having title records organized, transferred and recorded. Usually you pay for their services through cashier’s check or wired funds.

You do not have to show up in their office to sign properties. They can do what is called absentee signings. You just notify them that you are not available in the office or home. They will send you the paperwork for you to sign.
Once the title company have everything signed and all together they will send the owner/seller the money for the lien, on your behalf. They will then send the deed for recording and instruct the county to send you the deed after the recording has been done by the county offices. It is important that the title company has your correct address.

It is sometimes a good idea to have a neutral third party like a title company handle the transfer of funds and related documents from one party to another. Especially when you are new to the trade of Tax Delinquent Investing. These title companies have done this procedure so many times before that they have mastered all the necessary requirements attached to this type of transaction. Without any expert help, you might just forget some important fulfillment and could cause delays. Use the help of experts to begin with, to learn the right way of doing things, and in time you will learn the proper procedures that will give you the confidence to do the title work your self.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Mail Merging For Tax Delinquent Investment Letters

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Mail Merging For Tax Delinquent Investment Letters

by Jack Bosch

Mail merge is the automatic transfer of data from a file like spreadsheet to an address label and/or personalized mailing items such as stationary, letter or envelopes. This kind of computer program is used for simplifying repetitive documents and tasks such as sending letters to the owners of Tax Lien properties. In the Tax Delinquent Investment business, it is important to know how to automate mundane business processes to maximize time and effort. One of the things you can do with this automated process is to merge the rows from an excel spreadsheet right into a letter in Microsoft Word. You do not need a funky macro or complicated programming for that. All you need to do is use standard Microsoft Word program.

The way you do this is very simple. These are the steps in learning how to do this:

- Open Microsoft Word
- Once you’re in Microsoft Word you press the F1 key on your keyboard, which opens the Help.
- In the help section of MS Word, you would only need to type in “Mail Merge”

In the menu of help item, you will see a phrase, “How to do a mass mailing using Microsoft mail merge.” If you click on that it will lead you through a tutorial. In older versions of WORD, a written tutorial with screenshots is available. In the new Microsoft word version, the tutorial is more interactive with video and audio. It seems like someone is actually talking to you and teaching you how to do this. Then you will have to open the attached sample letter. That is what the document you usually send to your prospective seller will look like. To personalize this letter, you would only need a spreadsheet file or excel file containing the data needed to personalize this letter.

At this point, the tutorial will then ask, “Which excel spreadsheets would you like to use as a source to fill your letter with the names?” Then you browse for the file located somewhere in your disk space. When located, you already have the two vital parts to your mail merge. You are now ready to prep your documents.

Finding the data from the spreadsheet to attach to your letter, the program will basically show you a list of fields that you can use from the spreadsheet. Choose whichever is necessary for your document from a drop down menu. Most likely you’re going to be using the Full Name and the mailing address for your letter and/or your envelopes.

The last step once you’ve identified which field goes where into Word, is confirming the merge after seeing the preview. If all looks OK then you are just a click away from hundreds of personalized documents. This process is so easy you will easily remember how to do this. Mail Merge will become a regular task in your letter writing process. And personalizing will just be clicks away. If you send a letter of intent to a possible buyer, personalizing is key for them to know you are treating them as an individual, a special individual. In Tax Delinquent Investing, Automating processes can help you get Automatic Cash.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Lean Mean “Tax Delinquent Investment” Machine

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! Definitely worth

exploring if you haven’t already.

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Lean Mean “Tax Delinquent Investment” Machine

by Jack Bosch

By now, you should know that tax delinquent investment properties would give you financial freedom and stability. You are in the business of releasing someone of his or her burden while making a ton of money for yourself. Being focused on your financial goals and target the right properties will help you master this business and will teach you the art of discernment. We all want to be successful in the tax delinquent investment business, and you hold control over that. It is up to you how far you can go in the Tax Delinquent Investment business. If you tend to be stubborn and avoid guidance, then, you will be responsible of your own failure. Your success is at your own fingertips. You decide where you will go and how far you will reach. That’s amazing!

Purchasing the right tax delinquent investment property is both an art and a science. What you do in this business is seeing the potential in neglected properties or tax delinquent investments. How you purchase it and earn from it tells your own success story. You always have to know by heart that no matter how far the rainbow is, at the end of it is the pot of gold. Whatever that gold stands for, for you. It usually is PROFIT. You should be patient and persevering in this business. You should use the techniques I shared with you to your advantage.

When you do it right, you are for sure on your way to Success. Success is failure if you don’t learn from it. Make sure that if you have found a method that works, to always try to replicate it and try to improve it. It is not luck that brought you to a successful deal; it is a culmination of your skills and techniques that got you there. So sharpen it as time goes by. Be appreciative and sincere with the seller. Maintain a direct, calm and confidant aura. Master your craft as you master the grains of your palm. Carry yourself appropriately and professionally. Keep your best foot forward at all times. This business has a lot of potential in store for you and it’s just up to you how to unveil it. Probing more about the property helps you in your research.

Purchasing the right tax delinquent investment property is like shopping for your future. You get to look around, pick and choose what suits you before settling for the final check out. It soothes every sense. Everything can be perfect and enchanting, if you work hard to make it so. Nothing more, nothing less. Your instinct will tell you to go for it or not. Trust your instinct, it is your only sure tool. Being able to do that will eliminate any doubts you could have in your own judgment. To prove that you can do so will turn out to be your comfort.

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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! Definitely worth

exploring if you haven’t already.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tools Of The Trade – Delinquent Tax Reporting Formats

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! Definitely worth

exploring if you haven’t already.

———————————————————————————-

Tools Of The Trade – Delinquent Tax Reporting Formats

By Jack Bosch

Understanding how the county manages property data and delinquency data is an important and necessary skill to acquire.

Here’s a list of delinquent tax report formats that you may encounter, especially if they were delivered electronically. Either by means of email or internet downloads. This is important, as this will be your guide in the beginning of your Tax Lien Investment journey. You cannot get on your way without comprehending the following:

1.) Microsoft Excel file format, also know as .xls or .xlsx, is a spreadsheet application, it features calculation, graphing tools, and pivot tables. It is overwhelmingly the dominant spreadsheet application available and is probably the easiest data program to work with and learn. A cell in a woksheet and looks much more organized separates each field. I would say that the average county will be able to provide you their data in an excel format upon request.

2.) The Comma Delimited file format is a text file format which opens in Microsoft Word or Notepad. It looks like a bunch or terms separated by a comma, from left to right. Each property is in one row. It literally may look like this: parcel number, comma, space, last name, comma, space, first name, comma, space, legal description, comma, space, owner mailing address, comma space, city, comma, space, state, comma, space, zip, comma, space. Then perhaps assessed value, comma, and space; then perhaps they’ll even use codes, comma, space.

The beauty of this format is that you are also able to open it up using Microsoft Excel. All you would have to do is open it within the program by selecting file, open, and then you navigate to where this comma delimited file is located and load from there. Microsoft will know what you are loading in. It will give you a little wizard that goes through all the necessary steps to open the file, with you. After the file is open, you would just have to save it as an excel file for easy access to your report.

3.) CSV file= this stands for comma separated value file in ASCII format. It contains all metadata and point identification information gathered during point counting. You can also save this in Microsoft Excel just like the Comma delimited file.

4.) Microsoft Access is a relational database management system from Microsoft that combines the relational Microsoft Jet Database with a graphical user interface and software development tools. The standard file extensions for these types of files are .mdb or .accdb. With this program you can actually generate reporting tools for each of your prospective investment properties. This can be useful if you are would like to attach copies of the plat maps or photos to your recorder investment opportunities. Another great feature of MS Access is that you can create and save custom queries so that each time you import a new table of data into the file you can use the saved queries to filter down the list.

5.) PDF format=Portable Document Format. It is designed to ease document sharing on the Internet and for easy printing of documents. It is not compatible to transfer in Excel, in less you have a 3rd party program that converts .pdf files to .xls files. When dealing with county data stay away from these files. Chances are that even though the county has pdf reports readily available to the public, they also have a way to send you the data in a more workable format. So be sure to talk to the right person.

6.) Cartridge= this is typically the oldest format that a county will hand to you. This is basically similar to a diskette. It is stored in an actual media tape and extracting would require a special program. If this is the only reporting file format the county recorder has available, don’t fret as there are ways to extract information from these easily nowadays. You can find companies that specialize in these types of conversions and even though it is a pain to process, the final result will be a gold mine because chances are you are the only investor that took the time to convert this data.

Getting information from the county office is vital to your Tax Delinquent Investment. They will give you a summarized list of the availability of properties in the county you are looking to invest in. These reports are great and absolutely necessary to have but knowing how to process them and read them is jut as important. So remember to always ask the County for a database Schema, Data dictionary or list of field definitions. Now you know what to do with the different file formats currently available and used by most Counties in the United States, you can now choose which format is best for you and your Tax Delinquent Investment business.

———————————————————————————-

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! Definitely worth

exploring if you haven’t already.

September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Tax Delinquent Investment Winning Tips

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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Tax Delinquent Investment Winning Tips

By Jack Bosch

This is the other side of tax lien investment. If you as the tax delinquent investor want a property to be yours, then remember that you should go for the property that will most likely not be redeemed by the owner. What you should be focusing on are the lower value properties that you have on your property list of tax lien auction properties. Here, all you need to focus yourself on is the smaller properties where the improved value is not so high. You basically mark the tax lien certificate somewhere between $50 to perhaps $600 in your property list. You may also want to discard all of the higher valued properties because chances are those will get redeemed by their owners or owner’s lender.

After the point that you already know which properties you want, all marked in your list. There will still be a few properties left over, which cannot be categorized, by cost, so there is still extra research to be done. You will need to get the addresses of these properties to know how to categorize them. Getting the addresses of these properties would probably take two or three hours, either in the county, or two or three hours on the computer, perhaps even less than that.

Once you have the addresses including zip codes, you can go and split these properties again in 2 different categories. Properties which are located in the metropolitan areas and properties that are located in the outskirts of town. Remember rural properties are more likely to be of the lower values. In this case you are doubling your chances that the owner will not redeem the property and you will be become the owner.

Getting information from the county is a skill set of its own but is only half the battle. Narrowing and categorizing that list is another. Knowing how to do this properly will be an important factor in winning that property and adding to your tax delinquent investment portfolio.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Experts Work in Tax Delinquent Investments

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Experts Work in Tax Delinquent Investments

By Jack Bosch

In most parts of the United States about 1 out of 500 people are licensed real estate agents. Now, do we need that many? No. Obviously we don’t. Therefore, there are a lot of real estate agents that are passive real estate agents. They are basically hobby real estate agents. Too many people in my opinion. Way too many people are hiring them because they just know it’s the son of Uncle Bob, or it’s your cousin, or your next door neighbor, or is a friend of friend. Too many people indiscriminately hire, and I apologize for my bad English right now, too many people hire this kind of Realtor that is just doing it part time and they do not know all the tricks of the trade and how to move your property and how to sell it. They don’t put the effort to help you profit from you Tax Delinquent Investment.

Now, if you talk to a land broker, if you talk to somebody that specializes in land. Obviously, I wouldn’t recommend selling through a Realtor. You would probably only do that with more valuable properties, because in most cases, Realtors will at least want $1,000 for their services. In some cases, it would not be to your best interest to do that. For instance, If you sell something for $5,000 and he wants the $1,000 that’s 20 percent of what you are selling, so it’s a little steep. But, if you sell something that is worth $20,000, $30,000, or $50,000, then it might be worth going to a Realtor. Be prepared for it to take awhile, and also for seller financing. Because, as I mentioned in the past, banks don’t like to lend on land. They like to lend on land only if it’s connected to a city sewer, water, and electricity, because then they are hoping for construction on it afterwards. Other than that they usually don’t like to lend on land. Therefore, if you have rural land that is worth $30,000 or $50,000, you’re going to have to most likely look into seller financing.

Otherwise, you will need the services of a Realtor to help you unload your Tax Delinquent Investment. Try to be real selective about this. Pick a professional that specializes on that area, and specializes on land, and perhaps even has an office in the area right there where your land is. The advantage of having someone with an expertise to help you is that they are known in the area by other brokers and other real estate agents as specialists for this area. That’s important, because if somebody comes along that wants to buy something in that area chances are they will be referred to the “known resident expert” of that particular area.

As a Tax Delinquent Investor, you are only interested in one thing, it is to increase your chances of selling a property fast. To do that you need to pick an expert in the area. Pick somebody who has a name in the community as the expert. Pick somebody who does it full time. Then you’ve got a better chance. These part time guys they might be good, but it’s really a guessing game. The Expert works by really going crazy to sells, they send postcards, and put up the signs and do all the right things. You wouldn’t want your investment to be handled by someone who does nothing.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buy Investment Property – How to Buy Gov Tax Lien Property

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Buy Investment Property – How to Buy Gov Tax Lien Property

By Benjamin Hearst

If you want to buy investment property, first look at what the government may be selling. Over the years I have bought over 100 investment properties and my better investments were a result of knowing how to buy government tax lien property. By government, I mean not just the federal government, but also the city, county and state governments.

I started buying investment property at a very good time. The year was 1993, and our country was in the midst of digesting the excess foreclosed properties which preceded the savings and loan bailout. A government agency called the Resolution Trust Corporation (RTC) was absorbing and reselling the non-performing mortgages and foreclosed properties which were sinking so many saving and loan banks.

I was lucky to be young and opportunistic at that time. I bought investment property at RTC absolute auctions. An absolute auction is where the seller orders they want property sold to the highest bidder, regardless of price. I also bought investment properties indirectly from large RTC. Some large buyer, such as G. E. Capital, bought big chunks of the RTC’s portfolio and then resold property very inexpensively too.

Local governments also have great real estate bargains. Pay attention to the tax sales held each year. The city and county governments may directly auction off property as well. One lucrative method for buying investment property is purchasing expropriated property from the city. Find out when they are releasing the property to new buyers and invest! Look carefully, sometimes government sales can also be concealed in regular channels, such as the multiple listing service. Pay attention to all avenues when looking for bargains.

The bottom line is: When the government is selling, line up to buy!

Have you seen all the nonsense about real estate online? For true knowledge, secrets, and tactics from seasoned real estate investors visit The Gorilla Real Estate Club.

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September 7, 2009 Posted by nevergetajob | Uncategorized | | No Comments Yet

Buy Investment Property – How to Buy Government Tax Lien Property

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Buy Investment Property – How to Buy Government Tax Lien Property

by Chris B. Jenkins

For anyone looking to purchase property for investment purposes, a good place to shop is at a sale held by the government. I have personally purchased more than a hundred properties for investment, and the best ones resulted from my familiarity with methods for buying tax lien property from the government – at the local, state, and federal levels.

From my first investment property purchase in 1993 in the middle of the foreclosure crisis that led up to the savings and loan fiasco, I have developed a good sense of timing for spotting the best government sales. There is a government agency named the Resolution Trust Company – or STC for short – that had been selling bad mortgages and other foreclosed property holdings that had been serving as anchors that were dragging savings and loan banks into the ditch. Because I was young and looking for the best opportunities, I purchased every investment property that I could at RTC auctions. These were absolute auctions where the seller accepts the highest bid, no matter how low that bid might be. I had also purchased properties from companies that had bought many of the RTC’s properties and then resold them at very low prices.

Of course, you can also find great bargains at the city and county level as well. Tax sales are conducted each year, and at other times your local governments hold auctions to divest themselves of property. One of my favorite secrets is to discover when cities are selling expropriated properties, and jump in to pick up the best investment opportunities. Careful examinations are often necessary as these sales are sometimes conducted through alternative channels like the multiple listing services. You really need to be attentive to every sales channel if you want to get the best values.

The fact is that tracking when the government is selling foreclosed and seized properties is one of the easiest ways to obtain outstanding value for your investment dollars. With a little research ad a keen eye for details, you will certainly be able to find investment opportunities that are well worth your time and money. To learn more about property investment tips and secrets, visit The Gorilla Real Estate Club.

Finally, did you know there are 7 secrets that most successful Real Estate Investors don’t want you to know? In my free report “SHOCK & AWE Crisis Investing”, I”ll reveal these and many more techniques that can improve your bottom line almost immediately. You’ll learn how to profit in any economic climate (that’s something I bet you’re interested in right now), how to be in the top 2.3% of investors who Never have to struggle to make money and you’ll also learn the #1 reason you must change your business model —right now.

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September 7, 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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