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Deed Grabber Scam? Do Rick Dawson’s Deed Grabber and Hooked On Overages Programs Work?

By J. Richman

“Hooked on Overages scam” and “Deed Grabber scam” are turning into some highly searched terms on the net. As more and more people find out about recovering overages for a living and buying properties after tax sale for pennies on the dollar, they get excited. They consider getting involved.

And inevitably, they wonder if they will be scammed… there is a LOT of scammy stuff out there on the net right now.

Rick’s programs are great. He’s a real estate genius, constantly coming up with innovative ways to make real estate investing profitable. He has a B.A. in Real Estate and Finance from Indiana University, and over 15 years direct experience in the field (tirelessly working 80-hour weeks investing in property and going after overages).

You’ll be hard-pressed to find anything bad said about him anywhere.

If you’re thinking about getting involved with real estate, get Rick’s courses while you still can. Rick’s an expert on this stuff, and the window where he’s willing to work hands-on with students is closing. Right now, the Hooked On Overages training program is one of those programs where you have direct access to Rick via the forums. Not sure how long the course is going to be offered.

You can go here to get the free DeedGrabber e-book, or here to read about how to collect tax sale overages. Both programs will get you profitably involved in real estate faster than anything else out there. And with money-back guarantees on both, you don’t have to worry about the “Deed grabber scam” people seem so worried about!

May 8, 2010 Posted by nevergetajob | Uncategorized | deed grabber scam, deedgrabber scam, hooked on overages scam, rick dawson scam | Leave a Comment

Hooked On Overages Scam?

Guess what? “Hooked on Overages Scam” is now the number one search term leading people to this blog! People hear about the program and want to buy, but there’s that little inkling of doubt that leads them to search for others who might say Hooked on Overages is a scam.

It’s sad that there are so many real estate programs out there that leave people feeling scammed. There are even a few programs available out there now about overages that are scammy – one was even produced by a member of Hooked On Overages, who joined, took our information and then used it to produce a second-rate ebook – with no support, no updated information, in general just a scammy rip-off of the real thing.

But overages is no scam – unless you’re looking at it from the perspective that the government effectively scams people out of their money by seizing it when they don’t collect it in time.

Nope, overages are very real, and so is the profit potential that comes along with it. And sadly, there’s more tax sale overage and mortgage foreclosure overage out there now than ever before.

If you’re considering getting in the program but have been burned by crappy systems in the past, don’t worry. There’s a money-back guarantee with Hooked On Overages. You’ll have plenty of time to check the program out before committing – and you should know pretty quickly whether this is something that excites you, that will make you feel good to do for business, and that you can see yourself making money with.

Hooked on Overages… definitely not a scam.

May 8, 2010 Posted by nevergetajob | Uncategorized | hooked on overages, overages scam | Leave a Comment

Does Rick Dawson’s Hooked On Overages Program Work? A Hooked On Overages Review

Note: This is a fairly long story of my experience with Hooked On Overages and Rick Dawson. If you just want to get right to reading about the program itself, you can read the Insider’s Guide to Overages by clicking here: http://hooked-on-overages.com

In the name of full disclosure, before I write a single word of my review of the Hooked On Overages program I want to be upfront about the fact that I am Rick Dawson’s younger sister Maggie Dawson. However, I had zero experience dealing with overages before learning Rick’s program and I want to share my unique story becoming involved in the program, in the hopes that you’ll decide to make what could be a life-changing decision for yourself, and take the leap into entrepreneurship with the Hooked On Overages program.

When Rick decided to develop the Hooked On Overages program, he initially contacted me to help do him a favor. He was hosting the first of the live chat sessions that were a part of the first-ever training, and he wanted me to stand by in the chat rooms and monitor the emails coming in to make sure if anyone had any questions, or problems getting connected, that they’d be able to attend that first session and not miss anything. So I welcomed people into the chatroom, encouraging them to talk a little about themselves while waiting for the session to get started. Of the 20 or so people who attended that first session, only a few had any experience in the real estate industry. Most were just your average Joe, intrigued by the program, looking to move in a new, more lucrative direction with their careers.

I continued to monitor the chats for the next two weeks, and in doing so, learned the course material myself. I hadn’t been particularly interested at first, but when one of Rick’s students got a check in before the initial training was even over, I couldn’t help but start to wonder if my significant other and I – who have always had synergy when it comes to entrepreneurial endeavors – should give it a try. He’s a phone man, and I like doing research, so I began to scheme that together, we might be able to make some serious money from this business.

Now, one advantage I had that most reading this don’t have right out of the gate is that I know my brother. I didn’t have any lingering questions like “am I getting scammed?” or “is this just another B.S. get-rich-quick scheme?” My brother has been making money for as long as I can remember. At a family gathering recently, an old family friend was joking about how when they were six, Rick used to hustle her down the alley picking up bottles and cans so they could return them to a recycling center for a few dollars (a tidy sum for six-year-olds back in those days). Everyone present to hear that little anecdote agreed that Rick has always known how to make money. Should he ever read that, I’m sure he’ll throttle me for telling that little story, but it’s a testament to the way Rick’s brain works, and how far back this ability goes. Needless to say, his entire adult life Rick has been coming up with ingenious strategies for cornering small niches in the real estate market. So I knew if he had a new program, there was some serious money to be made.

I also knew ahead of time that I didn’t have to worry about not being able to get ahold of anyone if I had questions, and I knew if and when I did sign up a claimant I’d have Rick to help me every step of the way. If you’re considering getting involved in the program, this is something you never have to worry about. Someone is always around to answer questions – much of the time, even via email at 4 am. Running the helpdesk, I have heard from too many students to count that our level of service is unmatched by any other training course they’ve taken (one man told me in a recent course he’d taken he had to wait a MONTH for a helpdesk reply) and that it is their favorite part of the program.

Anyway, back to my story. When that first training was winding down, I suggested to my significant other that we give the overages business a shot, and he readily agreed. So we drove around Indiana (one of the few states where you have to actually travel in person to do overages related research) finding records of overages, and when we got back, researched them and made calls. Within the first week, we had signed up an $8,900 claim (a scan of the check is on Rick’s blog on the Hooked On Overages site), and a few weeks after that, we signed up another claim for almost $19,000. For someone used to making $300 here and $500 there, it was mind-blowing to see how quickly we could have lump sums of 5 to 10 thousand dollars coming in.

I am a writer, and my significant other is a music producer by day and currency trader by night. We make a decent living, but like most entrepreneurial endeavors, our income is inconsistent. Since we are passionate about what we do, we never planned to make the overages business a full-time career… we just wanted to try it out. What we’ve found is that the overages business is extremely lucrative, even if you only work at it part-time. We are busy during the week, and we only work overages on Friday nights and Saturdays before 1 pm. Working only this schedule we’ve managed to add an extra $3,000 average per month to our income since the end of August, and two weeks ago we moved into a beautiful condo and didn’t have to worry about where we were going to get the money to buy what we needed to furnish it. I went Christmas shopping this season and had the pleasant experience of being able to buy my deserving family members gifts without constantly checking my bank balance for the first time since this recession hit. What a great feeling that was, and I can honestly say that it is 100% due to my involvement with collecting overages.

If you want to work at overages full-time, based on our experience of putting in a combined weekly effort of about 10 hours, if you do four times as much to bring your hours weekly to 40 like a normal full-time job, that equals about $12,000 a month. And you truly do not have to know a single thing about the business before taking the training – I know I didn’t. One great thing about the program is (if I do say so myself) that I was instrumental in helping to put together the basic training materials after that first run of training. As a novice, I could tell quickly what would need further explanation, and it’s helped to make the training materials that much easier for new people to the industry to absorb. I also now man the helpdesk, and I understand exactly what new students are going through and am ready to help.

If you’re looking for a new career path, the overages business is something you should take a shot at. You’ve got nothing to lose. The cost of the training isn’t even as much as the College Algebra class requirement my significant other just paid for (he’s finishing his bachelor’s degree in addition to everything else we’re doing). There aren’t any hidden fees, you get physical course materials for free with it, and you’ve got 30 days to check it out – not to mention support from Rick and the rest of the Hooked On Overages staff. You’re dealing with honest people who truly want to see you succeed, and there’s so much unclaimed money out there that you can work as many hours on overages as you like. The sky is the limit with your income from this business. If you’ve never experienced that before, it’s a feeling you’re going to get addicted to.

If you’re interested in learning more about the program, you can download free information from http://Hooked-On-Overages.com.

If you’re ready to sign up for the program, click here: http://hookedonoverages.org

I hope this short missive was helpful.

–Maggie Dawson

December 25, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Deed Homes – A Loophole No One Knows About Yet

Forget investing at the tax sale. If you spend one more second dealing with the fierce competition to buy tax deed homes, you’re wasting your time. Tax sale investing is inefficient, risky, and takes too long. But you’re on the right track– there’s just a secret you haven’t discovered yet, and it lies in the auction itself.

What do you think happens to the owners of tax deed homes when they move on? Well, the first thing is, they lose contact with the government. How many owners do you think take the time to go update their information down at the county office before they move on to another property? Zip. Zero. They are often very difficult to find without some advanced skiptracing.

So what does this mean to you? Well, nothing, unless you want to find them and make a boatload of money.

What most investors in tax deed homes don’t realize is that when a property ends up with a bid over the amount of taxes due at tax sale, in many states, that sum of money is held in trust for the original owner. At any time within a few years (it varies state to state), that owner can come in and claim that money, simple as filling out a form in many cases. But they’ve moved on, and don’t receive notice from the government that they have that money.

That’s where you come in. If you can connect these owners with the money they don’t know they have coming to them, you’re providing an extremely valuable service– one that generates five-figure paychecks for you on a regular basis. How often can you get that from tax deed homes– risk-free, with a turnaround time, on average, of two months?

The reason you’re able to do this is that these, and specific other funds as well, generally fall outside of the finder’s fee caps that most states have on “unclaimed funds”– at least, for some period of time. Sometimes a year, sometimes five, but almost always long enough that the owner is in the dark, and you have time to find them.

Click here now: http://www.Hooked-On-Overages.com to grab the free Insider’s Guide to raking in cash with overages!

M. Dawson is a Chicago area real estate expert and found money pro.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Forget Tax Deed Certificates – Try This Largely Unknown Technique, and Make 5 Figures a Month

Here’s a scenario. You’re at the auction, hoping to score a couple tax deed certificates, crossing your fingers that no one else has figured out that your desired properties are as great as you think they are. Guess what? You’re lucky this time, at least in that you are the highest bidder. Although you’ll have to wait a year to foreclose and see if your property is actually trashed on the inside, you feel lucky.

Please. Begging you, here. STOP investing in tax deed certificates. You don’t need the headache. Yes, investing in tax property is profitable if you’re really clever about it, but there’s another way to make money off of the tax sale, and you don’t have to buy property you’ve never seen to make money from it.

You don’t have to own property, at all, to make money– a LOT of money– from it.

Back to that tax deed certificates scenario from above. Let’s say you’re feeling extra lucky because you got a property you think is worth $100,000, and you only bid $50,000 for it. Remember the starting bid? Let’s say it was $10,000– the amount the previous owner owed in taxes.

What happens to that extra $40,000? Does the big evil government just take all that poor homeowner’s equity? The answer is “yes.” In about half of the states.

And the answer is “no,” in the rest of them. Pause and let that sink in. Where’d that money go?

In the other half of the country, that $40,000 is held in trust for the owner, who can come down and claim it, but only for a short window of time. Frequently, owners don’t know this, since most people guess the government just gets it all. They move on, lose contact with the government since they don’t update their contact info, and they never find out about that windfall they’ve got on the books.

After a while? They lose the money. All of it. After tax deed certificates are sold, the government is only required to hold the excess bid money for a short period of time (1-5 years) in most cases. And that’s it. No recourse. It’s just gone.

If you don’t see a monster money-making opportunity here, you need to readjust your bifocals. You find these owners, you let them know you know about money they’re owed, you collect on their behalf, and you take a nice, hefty percentage. When you think “hefty percentage,” you’d better be thinking in the 40%-50% range– that’s what this type of service is worth.

You deserve it. Without you, that money would have been permanently lost.

Best of all, it’s completely legal. But the government loves eating up this money, so better get in before the laws change. Many states have already passed “unclaimed funds” laws governing money held at the state level, but for now, this money falls outside the law (since it’s at the county level). So it’s likely there’s a few good years left… still plenty of time for you to make a boatload of money.

Sure beats buying tax deed certificates.

Click here now: http://www.Hooked-On-Overages.com to grab the free Insider’s Guide to raking in cash with overages!

Anyone, truly anyone, who understands how, can make a lot of money doing this.

M. Dawson is a Chicago area real estate expert and found money pro.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Certificate Auctions Aren’t Where the Real Money is – Try This Little Known Technique Instead

Tax certificate auctions are a soul-sucking, head-banging, “smash and grab” event you should never attend again. Okay, maybe that’s a bit of an exaggeration. Truly though, with the influx of investors into the field, it’s time to move a step ahead and let them all duke it out for those tax properties, while you quietly profit using a method they’re unaware of.

There’s another, much less risky, much more profitable way to make money off of tax properties, and tax certificate auctions are actually an essential part of it. However, this technique doesn’t involve owning any property, at all (whew, right?), involves next to no money to do (we’re taking less than $500 in most cases), and will allow you to profit within months– not the year or so it takes to foreclose on those properties you get at tax certificate auctions.

It’s really quite simple.

When investors bid at tax certificate auctions, frequently what’s called an “overbid” occurs. That’s when a property is worth far more than the taxes that are owed, and someone bids accordingly. Say a property is worth $50,000, the taxes owed are $5,000, and an investor bids $40,000. There’s an “overbid” of $35,000… $35,000 of that poor homeowner’s hard earned equity.

In many states, that overbid goes right into the government coffers. No recourse for the owner. You lose your property, you lose your property. It’s not fair, but it’s government for you.

But in about half of the states, those funds are held in trust for the former owner. Only slightly more fair, because those funds end up property of the state if the owner doesn’t get down there right quick, and claim them. Usually they get 1-5 years to do that. Still not fair, but at least they have a chance.

The problem is, most have moved on, sometimes long ago. They assumed they’ve lost everything– most people do assume that, ask around– and they don’t bother to update their contact info with the county, and never receive notice that that money is available for them to collect. The time passes and runs out, they get nothing, and the government swallows up yet another hefty sum from a hard working citizen.

That’s where you come in.

Currently, most states have finder’s fee limits on “unclaimed funds”- funds that are held at the state level. But these overages from tax certificate auctions are at the county level. Thus, during that period of time when the owner can collect, they are NOT subject to finder’s fee caps.

You provide the extremely valuable service of reconnecting these owners with the money they’re unaware of, and you’re looking at a 40-50% finder’s fee. That means five figure checks every time you make a deal… and in today’s economy, they’re everywhere.

Click here now: http://www.Hooked-On-Overages.com to grab the free Insider’s Guide to raking in cash with overages.

M. Dawson is a Chicago area real estate expert and found money pro.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Lien Investing – Forget Liens and Try This Loophole Instead

Pretty much everyone is into tax lien investing these days, thanks to a number of infomercials claiming you can make easy money that way. It’s understandable; tax properties are a great way to make money, especially in today’s economy; but the field’s getting so crowded that everyone’s piece of the pie is getting smaller and smaller.

And admit it. You don’t really like it anyway. The competition sucks. It’s boring waiting month after month, year after year, to see if you get paid off and make your money, or if you’re going to be forced to foreclose, and own what’s potentially a rat-infested dump, that you’re then going to have to sink a lot of cash into to get rid of. Tax lien investing isn’t for you anymore.

That’s okay! There’s a much better way to make money from tax properties, without ever owning the property. You don’t need much money to do it, just a few hundred dollars; there’s pretty much no risk; and best of all, there’s no tax lien investing involved, whatsoever. And you can work it remotely from wherever you are, even if you’re in a foreign country.

In many states, when tax properties are sold at auction, the overage created from the bidding – that is, the money bid over the amount of taxes that were originally owed – is immediately lost to the government. It goes to the state school fund in many cases, so at least it’s not going to buy the governor a cushier office chair. Even so, unfair to the original owner, to say the least.

But in many other states, that money is held in trust for the owner. It’s often as simple as filling out a form, showing some ID, and getting cut a check for the remainder in a few weeks.

The problem? Most owners don’t realize this is what happens. They’ve bailed on the property, assume that they’ve lost everything, and have an overage of many thousands, sometimes hundreds of thousands, of dollars sitting in the government’s cash book that they don’t know about it.

Here’s where it gets bad.

If they don’t claim it within 1-5 years in most places, it’s lost. Permanently. Just like in the other states. No recourse, no going back, all that money is just gone, sucked into the governmental vacuum.

That’s where you come in.

Reconnect these owners with their funds, take a 40-50% finder’s fee (these funds are not subject to finder’s fee caps in most states), and you’ll see checks coming in monthly that put your earnings from tax lien investing to shame. Not only that, but you’re providing an invaluable service to people delighted to be getting (much-needed, in most cases) money. Your competition doesn’t know about this, and in today’s economy, these overages are being created literally every day.

Grab your copy of the Insider’s Guide to Overages– Click here now: http://Hooked-On-Overages.com.

Anyone, truly anyone, who understands how, can make a lot of money doing this. Click here now.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

How Tax Sale Properties Can Make You $100,000 This Year Without Owning Liens Or Deeds

A tall promise, but in actuality, that’s the low end of what you can make from tax sale properties. Get a system together that’s streamlined, and you could see that figure grow tenfold. This year. You can do it from wherever you are- Indiana, India, Antarctica, it really doesn’t matter as long as you have a phone, an internet connection, and about $500 in the bank.

And that’s without buying liens or deeds, at all.

None of the investors you see at tax sale know how to do it, that’s for sure, or you’d never see them there again. And yet, without the tax sale and some weird laws governing what happens after tax sale properties are sold, these funds wouldn’t exist. What are they?

Overages.

In about half the states in the U.S., when people lose tax sale properties, they truly lose everything. Even if they only owe $500 and someone bids $500,000 at tax sale, they never see a dime of it. It goes to the government for unnecessary private jet rentals, $15,000 staplers and the like. Those poor homeowners really miss out.

Here’s your secret: in the other half of the states, the government holds that money for them for a few years, and if they know it’s there, they can come down, fill out a few forms, and get the overage paid out to them. If. If they know it’s there.

Usually, they don’t. They assume they lost everything, move on, sometimes far away, and never get notice that they’ve got a tidy sum being held for them by the government. And what happens? According to state law, after a while it “escheats” to the state. That means it’s gone. Forever.

So how to make your $100,000 this year from tax sale properties? Easy. Find these funds, find their owners, reunite the two, and collect a finder’s fee. These funds, since they aren’t held at the state level, are ungoverned by finder’s fee caps, and you can and should charge 40-50% for your valuable service, because without you, 99% of the owners you’re looking for will never see one penny of their money.

Of course, the government will get wise and change the law to include these funds at some point. But for now, you’ve got at least a few years in which to grow your next egg exponentially.

Grab the free Insider’s Guide to overages– Click here now – http://Hooked-On-Overages.com.

Anyone, truly anyone, who understands how, can make a lot of money doing this. Click here now.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Buying Tax Deed Property Won’t Make You $10,000 a Month – But This Will

I’m not saying it’s bad to invest in tax deed property. Actually, if you go about it the right way (i.e., avoid the tax sale), buying tax deed property can be quite lucrative. And in today’s economy, more homes are going to tax sale than ever before. Obviously, it’s time to start working tax foreclosures.

But buying tax deed property won’t make you wealthy. Not with all the competition, and definitely not with all the hassles that come along with it – the risk of buying a trashed property, or a property that becomes trashed in the time you have to wait to foreclose… not to mention the huge amount of cash you’re going to have to have available to invest this way.

Even if you do have huge cash reserves for investing, why lay it out there when you can make way more money with an investment where you never have to own a property? And where you can operate from the North Pole, or Zimbabwe, or Mongolia, as long as you have a phone and an internet connection? And where you only need operating capital of about 500 bucks to get started? And without buying tax deed property?

The big secret?

The overages created at tax sale.

Investors buying tax deed property at tax sale bid against each other, as you probably know. Frequently, the bids go way over the amount of taxes owed. In some states, this money is lost to the government right away. But in other states, that money is held for the former owner – most of the time, unbeknownst to him.

That owner? He’s long gone. He probably stopped paying his taxes in 2002 and his house finally just went to tax sale this year. The county likely has no current contact info for him, and can’t notify him of the overage (not that they really want to – they get to keep the money if he doesn’t come to collect it within a year or so). If you don’t find him and tell him, chances are, he’ll never find out.

That’s a pretty valuable piece of information you’ve got for him – valuable to the tune of a 40-50% finder’s fee. And since these funds aren’t held at the state level, they’re not subject to finder’s fee caps laid out in the state “unclaimed funds” laws. That right there is your golden secret, and why almost no one out there is pursuing these owners – no one realizes that they can legally charge 50%.

Talk about a loophole.

Obviously, like anything else hot, people will catch on. The government will probably catch on at some point soon and change the laws. But for right now, and probably for at least a couple of years, it’s perfectly legal. You’ve got a serious money making opportunity where making a 5-figure monthly income is not only possible, it’s virtually guaranteed if you work hard.

Still interested in buying tax deed property? Didn’t think so.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

Grab the free Insider’s Guide to raking in cash with overages – click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Sale Overages Will Make You More Money Than You Can Spend

Most people don’t know what they are – most people haven’t even heard of them. Call up your best friend and ask him what he thinks happens when you lose your house to tax sale. Betting dollars to doughnuts he’ll guess that the evil tax-man takes everything.

Well, unfortunately, in about half the states in the U.S., he’s right. If you lose your property, you lose any equity you had right along with it. The government keeps your tax sale overages, every last dime of it. It’s not fair, but government isn’t exactly known for being “fair,” and we all know that the government will take whatever money it can get its grubby paws on from us.

In the other half of the states, however, the government holds the tax sale overages – that is, whatever amount was bid at tax sale over the amount owed in taxes – for the owner. Seems a little more fair, right? Not really. The government gets to keep this money if the owner doesn’t come in to claim it within a short (1-5 years in most cases) period of time.

Here’s the kicker: how do they notify the former owner? They’ve lost their house, the one with the address on file with the county! The government sends out a postcard informing the owner of their tax sale overages – to an address where they don’t live anymore. Brilliant.

How often do you think the owner even finds out? How hard do you think the governmental agency is going to work to find them, when they get to keep all the tax sale overages that owners don’t collect?

Are you sensing a wee bit of an opportunity here? If not, your wee-bit-of-an-opportunity sensor is broken.

These funds are held at a county level, not a state level, so they’re not subject to state level unclaimed funds finder’s fee caps. The owners are missing. You put the owner together with his money, that he has no clue exists, and charge a 40-50% finder’s fee to collect it on his behalf. He feels like he’s won the lottery, and your bank account is heavier to the tune of $10,000+ a month. That’s if you’re working, oh, 30-40 hours a week on it.

It’s perfectly legal (and has been proven so in several court cases) – for now. If you’re going to get in on this business, get in fast before the government decides to change the laws.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

Grab the free Insider’s Guide to raking in cash with overages – click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

If You Buy Tax Lien Properties, You’re Missing Out on a $100,000 a Year Opportunity

Not to mention, taking on a whole lot of unnecessary risk in the process. If you buy tax lien properties, chances are you’ve ended up with a property you thought was nice, but ended up being a total money pit at some point. If you haven’t… well, good luck. The good news is, you really don’t have to buy tax lien properties, or own any properties at all, to make a whole lot of money off the tax sale process.

As you probably know, when a property is lost because of unpaid taxes, it generally is sold at auction to the highest bidder. Even when the taxes are only $5,000, the property frequently gets bid up to $20,000, $30,000, the sky’s the limit. In today’s economy, even people in really nice properties with a lot of equity are losing their homes for small amounts of taxes.

So overbids of many, many thousands of dollars are happening everywhere when investors buy tax lien properties. In about half the states in the U.S., that overbid goes straight to the government. It’s unfair, but it’s the way it is. In the other half of states, the money is held for the previous owner. The money will still go to the government, if unclaimed after 1-5 years in most cases, but at least the owner has a chance.

A slim chance.

Most of these owners are never properly notified. They don’t live at the address on file with the county, so they don’t get any notification from the county. They probably have no idea that they live in a state where the overages are held for them. So the money just sits there until the time expires, and then ends up in the government coffers.

Want to make an easy $100,000 a year? Connect these owners with their funds and take a 40%-50% finder’s fee on the money. Your service is worth it – without you, 99% of these owners won’t find out about the money until it’s too late, if ever – and that size finder fee is currently legal on these and a few select other types of funds (mortgage overages, also), since they are not held at the state level, and thus, aren’t subject to state unclaimed money finder laws.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

Grab the free Insider’s Guide to raking in cash with overages – click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

You Don’t Need to Buy Tax Lien Certificates to Make $100,000 From the Tax Sale

It’s true. You don’t need to buy tax lien certificates, or deeds, or anything else at the tax sale to make a huge amount of money from tax properties. Why would you want to anyway? The competition these days is so fierce that your odds of being successful bidding at tax sale are going down by the day.

Doesn’t matter. You don’t need the tax sale. You don’t even need to hold a lien or a deed, or own property in any way, shape, or form outside of the tax sale to make money from tax foreclosure.

All you really need to do is figure out what happens when investors buy tax lien certificates: which states keep the tax sale overages for the former owners, and which ones keep it all for themselves. The states in the U.S. are split about 50/50 on this one.

After that, it’s simple. Investors buy tax lien certificates. Bidding frequently goes way above and beyond the taxes that are owed on a property. In states that don’t keep the tax sale overages, that excess money is held, and the owner can claim it. But he almost never does.

Why?

Well, because he doesn’t know about it. Obviously. If he did, then he would go and get it. That’s where you come in. You find these owners that have money being held by the government, and collect it on their behalf for a finder’s fee.

It’s a simple concept, but of course, not so simple in practice: you have to know how to get records of these funds (can be complicated), how to find the owners (can be difficult, but that’s a good thing), and how to get them under contract so they can’t just go around you with the valuable information you’ve provided them, and collect without paying you. That last part sounds tricky, but it’s really easy once you know what you’re doing.

Still simpler than the effort it takes to buy tax lien certificates at the auction. And hold. And hope you get paid off.

The important thing is that this is legal, and there is a lot of money just sitting around waiting to be collected. If it’s not collected within a certain window of time, 1-5 years in most cases, it will be lost permanently to the state government. So it’s urgent to find these owners before that happens. Your service is so valuable, you can collect up to 50% for it– and with the number of properties going to tax sale in the current economy, that translates to thousands of dollars, sometimes tens of thousands of dollars, per claim.

There’s currently only ONE training program on the entire web available for this method of “money finding.” Click here now – http://www.Hooked-On-Overages.com – to visit the website and learn more.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Don’t Buy Tax Lien Certificates – Work a Different Angle, and Watch Your Income Explode

If your next career move is to buy tax lien certificates, might want to think again. While there is some money to be made holding tax liens, the risk far outweighs the benefits in most cases… and there’s a much better way to make money in the tax foreclosures game than to buy tax lien certificates.

The tax sale provides a ton of opportunities for making some serious cash, but you have to have a sizable “fudge factor” in place to make it worth it. You can’t inspect any properties you buy at tax sale, and if you’re just going to buy tax lien certificates, you run the risk of the owner never paying off the lien, and leaving you with only the choice to foreclose on what might be a total dump.

And let’s not even get into the fierce competition to buy tax lien certificates in the first place. Most of the time, you’ll leave the tax sale empty-handed.

If you’re looking to acquire property, or just looking to make some money off of your investment, ideally without owning property, then cheer up, you! There’s a better way to do both of those things than to buy tax lien certificates.

If you want to acquire property, there’s a little known loophole to getting the tax sale property – after the tax sale. It’s simple: buy them directly from their owners, during the redemption period (the grace period after tax sale, where they can still pay the taxes). It seems obvious, and yet you’ll find few investors go after these properties. Why? Your guess is as good as any, but probably, they just don’t realize they can.

In most places, this is completely legal; you just buy the property, and pay the taxes off. It’s a beautiful method, because by the time the property’s already been “sold” at tax auction (even though it’s really only sort of been sold, since they can still rescue it), the owners feel like they’ve already lost the property. You come in and offer to buy what is now, in their minds, a worthless deed for a few hundred dollars. They’re happy not to have lost anything, and you’re on your way to making a lot of money. Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com.

If you’ve got no interest in owning property – and this is really the best way to make money; hands-down, overall, in any industry – consider getting involved in the collection of tax overages, another source of funds almost no investors know about.

In about half the states in the U.S., when more is bid at tax sale than is owed on a property, that overbid money goes straight to the government. The tax property owner loses it all, even if it’s $100,000. But in the other half of states, they at least have a chance to get that money – it’s held for them in trust for a year or so.

Unfortunately, since most of them don’t know this, and have moved on from the tax property by the time the government notifies them, they never find out about the money. By law, after a certain period of time passes (different for each state), the owner loses their right to collect the money and the government keeps it. Forever.

That’s where you come in. Since this money is not at the state level, it’s not subject to finder’s fee caps set forth in the state “unclaimed funds” code – so you can charge whatever finder’s fee you like. Since these overages regularly run into the tens of thousands of dollars and are very easy to collect, if you can find these owners, you’re looking at an easy 5-figure income every month.

It’s perfectly legal, but it’s not going to be long before the government changes these laws. For now, so few people work this angle, that it’s still flying under the radar. In the meantime, there’s a boatload of money to be made collecting overages.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee. You can grab the free Insider’s Guide to raking in cash with overages – click here now: http://www.Hooked-On-Overages.com.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Want to Buy Property For Back Taxes? Here’s How to Get Them Without Attending the Tax Sale

If you want to buy property for back taxes, you’re a smartie. Of all the types of property you can buy, back taxes property is the most profitable. The problem is, the tax sale is getting too crowded these days, as more people find out about this investing method. The competition’s too fierce to get good deals anymore. Here’s how to buy property for back taxes, without competing against other bidders at the tax sale auction… and why you must invest this way, if you want to be successful.

Besides the competition, there’s one main, glowing reason why you must not buy property for back taxes at tax sale: you can’t inspect it first. Would you buy a house to live in you couldn’t inspect? Doubtful. If you bid at tax sale, you’re committing to buy, in cash, a property that may have extensive problems you don’t know about… or that may become extensively damaged in the period of time after you’ve bought it, but before you can foreclose (1-5 years, depending on what state you’re in). If that’s not enough to convince you, what is?

There’s really no reason to take this risk. There’s a little-used loophole in the tax sale investing business, and you should start using it exclusively. It’s simple: buy directly from the owners… but only after the property has already been sold at tax sale. It’s the only surefire way to buy property for back taxes, and know what you’re getting before you buy.

During that redemption period where owners can pay off their taxes, you can legally (in most places) buy their property and pay the taxes off yourself. After tax sale – if they can’t bail the property out – in their mind, their property’s already been “sold,” even though they still own it for a while. You approach them during this time, and offer to buy what is, in their minds, their now-worthless deed. You can often get these deeds for only a few hundred dollars, and flip the property before you ever even pay the taxes off.

And all’s well that ends well: these folks are usually glad to get at least something for their property, and would much rather see a person like you get it and do something with it than watch a greedy, evil tax sale investor foreclose. It’s an important psychological difference, and it will allow you to buy property for back taxes without dealing with the headaches of buying from the auction, and make a lot more money while you’re doing it. Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com

Here’s another secret: in about half the states in the U.S., when someone bids more for a property than is owed for taxes, that overage amount is held for the owner to come in and collect. Most owners don’t realize this, since in many states, the money just goes right to the government. The owners rarely figure it out, since they don’t live at the property anymore and, thus, don’t receive notice from the government that they have the money waiting for them. After a year or so, legally, the money becomes property of the government, and the owner loses it forever – even if it’s $50,000.

Since this money isn’t held at the state level, you’re not subject to the state “unclaimed funds” money finder laws, in most places. So you can find these owners and charge up to a 50% finder’s fee for your information and collection service. Since these overbids regularly run into the tens of thousands of dollars, you can easily make in the six figures yearly making a full time business out of it.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com

M. Dawson is a Chicago area real estate and found money expert

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Forget Tax Sale Auctions – Use This Loophole to Buy Tax Deeds

Tax property is where it’s at – but forget tax sale auctions. These days there’s too much competition to get a really good deal. Besides, when you buy properties at tax sale, you can’t inspect them first. Would you buy a home to live in you couldn’t see the inside of?

The best way to get tax property is to buy directly from the owner – but that’s not the loophole. Everyone knows you can buy the property from the owner before tax sale. The secret is buying the property after it’s already been “sold” at tax sale. When a properties sell at tax sale auctions, they don’t really sell – the owner has a year, or sometimes more, to pay the taxes and penalties and rescue their property – right out from under the hopeful winning bidders from the tax sale auctions.

But for owners who know they can’t pay the taxes, it doesn’t matter. In their minds, the property WAS sold at the tax sale, and to them, the deed is now worthless. They know it will be foreclosed on in the end. Luckily for you, during that redemption period, it’s still legal (in most places) for you to come in and buy that “worthless” deed from the owner – who is often glad to get the whole thing over and done with. Since they view that deed as worthless, you can often buy it from them for very little – a few hundred dollars, in many cases. Then, you can pay the taxes off yourself, or flip the property and pay the taxes from the proceeds. Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com

But even better than that is making money without ever owning any property at all.

In many states, when more is bid for a property at the tax sale auctions than is actually owed in back taxes, that overage amount is held for the owner to come in and collect – in essence, they get at least some of their equity back. If they know about it. Most don’t, since in many states in the U.S., the government gets everything – and the average person assumes that’s what will happen.

What happens is, they’ve moved from the property, the government tries to notify them of the funds at that old address, and they never get informed. The money sits there, until legally it becomes property of the government, and the owner can’t claim it anymore.

There are tons of these funds being created daily, due to the current economy. Tax foreclosures are at an all-time high. If you can find these funds and these owners and put the two together, you’ll make a lot of money. Why? These funds aren’t held at the state level, so they aren’t subject to the finder’s fee limits that state-level “unclaimed funds” are. It’s perfectly legal to collect 40-50%, or whatever you think is fair, on each deal.

This translates to an easy six-figure income for you, if you make a full-time business out of it. Very few people know of this, so it’s wide open… for now.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

REO Properties – There’s a Better Way to Invest in Real Estate

If you’re considering investing in REO properties, perhaps you’re new to real estate investing. It’s a good thing that you’re reading up on it before the fact, because you’ll be able to save yourself a lot of time and trouble if you pick the right investment properties right out of the gate, and don’t waste your time making a lot of rookie mistakes.

If you’re looking to invest in bargain property, REO properties are not the way to go. While they usually are bottom-of-the-barrel as far as price goes on the open market, you’re not going to find any really amazing deals by going to a real estate agent. You’re going to have to invest in foreclosures, and it’s best to stay away from properties that have a mortgage. Don’t heed that advice, and you’ll find out soon enough why.

Foreclosures that eventually become REO properties obviously always start out with a mortgage (which is why the bank ends up owning them). Tax foreclosure properties, on the other hand, almost never have a mortgage by the time they make it to tax sale, because tax payments are wrapped in mortgage payments. Mortgaged properties never end up at tax sale – the bank will pay the taxes, and then foreclose themselves.

The only surefire way to get unmortgaged property – a.k.a. “free and clear” property – is to buy tax sale property directly from the tax delinquent owners – after the tax sale. Most investors don’t realize you can buy these properties from the owner after the tax sale, so you’ll find very little competition here. Read “5 Days to Getting Tax Delinquent Property for $200 or Less.” Click here now: http://www.Deed-Grabber.com.

But even better is to never own any property at all. You can make some serious easy money by collecting mortgage and tax foreclosure overages for their owners. Overages are the money left over from the winning bid at sale, after the mortgage or tax encumbrance has been paid off. Most owners don’t realize they’re entitled to these funds – they think the bank or government just gets to keep this money.

So the money just sits there, until after a certain period of time, it legally becomes property of the government. There are billions of dollars of these funds sitting in the government coffers waiting to be collected.

Through a little-known legal loophole, these types of funds aren’t subject to money finder fee limits. So you can charge up to 50% for your service – and should. Without you, these owners are almost guaranteed to lose all of the money they have due and owing to them.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Land Foreclosure – How You Can Make Six Figures From a Horrendous Economy

Oh, what a terrible economy. The real estate market tanked. The stock market tanked. Everyone’s unemployed, and there’s no way to make money anymore… right? WRONG. When there’s a bad economy, there’s still plenty of opportunity – it’s just in different places than it was before. Mortgage, property tax and land foreclosure is at an all-time high, and there’s ways to make money from each, even when you’re broke to start out with.

When it comes to tax and land foreclosure, you can make a lot of money simply by avoiding purchasing at the tax sale – way too much competition – and buying deeds to property directly from the tax delinquent land owners. This works best if you wait until after the tax sale. Most investors don’t realize you can still legally buy the property even after it’s already been “sold.”

There’s a short redemption period after tax sale where owners can pay off the taxes, and that’s a great time to approach them. If they can’t pay the taxes, their deed is essentially worthless. They’re often willing to sell their deeds to you for a few hundred dollars, just to get something out of the property. You can also make deals on land foreclosure property to buy the deed, and then give the owner a percentage of the proceeds of the property later, once it’s been sold. Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com.

If you’re not interested in owning mortgage, tax or land foreclosure property itself, you can still make money from the tax sale process. The overages created at tax sale (when more is paid at auction than is owed in back debt) often are held for the owner. Sadly, many owners aren’t property informed of this, don’t realize it themselves, and the money eventually escheats to the government.

You can legally collect these funds on behalf of the owner. And due to a largely unknown loophole, the funds are not subject to finder’s fee caps in most states. Because you provide such a valuable service – without you, these owners would likely never even know about their money – you can charge up to 50%, or more depending on the case, to provide your service… and you need less than $1000 to run this business.

The horrendous economy is providing these opportunities at an all-time high now. You’re going to continue to see these funds created rapidly for at least several more years, so right now is a prime time to get into business collecting overages.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Foreclosure Property – Which is Best to Buy, Mortgage, Or Tax?

If this is a question you’re looking to answer, look no further. The clear winner is tax foreclosure property. Why? It’ll seem obvious in a second: no mortgage to pay off!

A lot of people don’t intuitively realize that tax foreclosure property almost never has a mortgage. This is because tax payments are usually wrapped into mortgage payments. This is no accident; the mortgage company will lose its stake in the property if it ends up at tax sale. So when the mortgage gets paid, the taxes get paid, and if someone stops paying their taxes, the mortgage company will take care of it to preserve the right to foreclose.

So by the time a foreclosure property makes it all the way to tax sale, it’s a safe bet that it doesn’t have a mortgage. And if you’ve done any investing at all, you know how much easier it is to deal with an investment property when you don’t have to worry about catching up on back mortgage payments.

Unfortunately, if you buy property at tax sale, you will run into a few pitfalls. Competition is the big one – it’s fierce. The other is that you can’t inspect the property before you buy it. A drive-by isn’t going to tell you if there are major issues lying within. So if you want to be successful, you’ve got to find a way to buy foreclosure property outside of the tax sale, and with as little competition as possible.

Luckily, there’s a little loophole most tax investors don’t realize.

After the tax sale, there’s a redemption period where the tax delinquent owner can come in and pay off the back taxes and redeem his deed from the buyer. During this time, in most places it’s still legal to buy that foreclosure property. Since once the deed’s been sold off, it becomes somewhat of a dire situation for the owner, they become the epitome of “desperate sellers.”

In fact, sadly, much of the time they’ve already given up at that point and view their deed as pretty worthless. During this time, you can often purchase their deeds for as little as a few hundred dollars. If you’re the benevolent type, you can even offer to share some of the proceeds of your flip with them. Tax delinquent owners are often overjoyed at this prospect, and unlike mortgage foreclosure investing, are often grateful to hear from someone like you.

Interested in owning property you can actually inspect before you buy? Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com.

Another loophole: collecting overages. When properties are sold at tax and mortgage foreclosure sale, sometimes the amount over what is owed in taxes escheats immediately into the government coffers. But in many states, that overage is held for the owner – only most of the time, they never figure that out. The money sits there, and then after a while, it, too, escheats to the government.

Due to a largely unknown loophole, these funds aren’t subject to money finder fee limits. In most states, you can legally collect up to a 50% finder’s fee. Can you imagine the possibilities there? There are literally billions of dollars of these funds waiting to be collected that will be lost if the owner doesn’t claim them – which makes your information highly valuable.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Smart Investment – Mortgage Foreclosures Or Tax Foreclosures?

When it comes to making a smart investment in real estate, there’s really only two ways to go: mortgage foreclosures, or tax foreclosures. Everything profitable is some offshoot of one of those two things. Certain aspects of both are profitable, but hands-down, the smart investment is in tax foreclosures, one of two ways. Which way you go depends on whether or not you’re interested in owning property – and we’re not talking liens or deeds here.

First, if you want to own property, you’re not going to have much luck at the tax sale. There’s too much competition, and too much risk associated with buying property you can’t inspect first. Would you ever buy a home to live in you couldn’t inspect? Obviously, if you want to make a smart investment, you’re going to have to know what you’re getting into – and it doesn’t hurt if there’s little to no competition for it.

It’s simple: wait until after the tax sale, and then buy directly from the owners during the redemption period (where they can still get their property out of foreclosure). Most investors don’t realize that this is legal – in most places – and thus, you’re not going to find a lot of competition for these deeds. Owners that can pay off during this period, will, and those that can’t need to do something, to avoid losing everything.

You can easily buy up these deeds for a few hundred dollars – no strings attached, with a lot of owners. With other owners, maybe of nicer properties, you can make a deal with them to give them a percentage of whatever you can make off the property. This is an amazing way to make a lot of money without having much money to start with – the definition of “smart investment.”

Interested in owning property you can actually inspect before you buy? Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com.

Second, if you don’t want to own property, you can still make money hand over fist from the foreclosure process – both mortgage, and tax, by going after the overages. When more is paid for a property at auction than is owed in debt, usually that money is available for the owner to collect. But frequently, the owner just assumes that he’s lost everything and doesn’t realize it.

Unfortunately for him, if he doesn’t collect it, after a year or two it becomes legal property of the government. He will lose it permanently. Your knowledge of the location of these funds is valuable, and you can easily make a deal with this owner to collect the “found money” that you know about. Here’s the best part: these funds aren’t subject to money finder fee caps in most states. This means you can collect up to a 50% finder’s fee – or more, depending on the complexity of collecting the money.

While maybe not a “smart investment,” since it’s not exactly an investment, any business that can make you six figures a year and needs about $1000 in operating capital is arguably rocket-science level intelligent.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Mortgage Foreclosure Investors – Here’s an Alternative That Will Make You More Money

You’ve got to be tired of investing in mortgages by now. One thing goes wrong, something takes longer than you thought it would, and you’re stuck bringing current and paying a huge mortgage bill. Mortgage foreclosure is no place for new investors – or anyone, really, when there are such great alternatives that make easier money.

One alternative is buying tax foreclosure property. Mortgage foreclosure investors, you already know about these properties; maybe you’ve even attended a couple of tax sales. But the competition is too fierce; it’s almost no better than mortgage foreclosure investing. Plus, you can’t inspect the properties you’re buying.

Here’s something that will cheer you up by allowing you to completely avoid the tax sale mess: buying tax foreclosures directly from the owners is a great way to make money, and it’s a completely different ballgame than buying pre-foreclosures directly from owners. Although it may not be intuitive, these are two entirely different types of people.

Mortgage foreclosure homeowners are usually dodging a lot of creditors. They’re living out their worst nightmare. They don’t want to talk to you, and it’s almost impossible to get them to call you back. If they do, they’re difficult to work with.

Tax foreclosure homeowners, on the other hand, are different. Sure, some are in the above situation as well. But plenty of them simply don’t care. They never wanted the property in the first place (heirs), or they are tired of dealing with it (absentee landlords). Since in some places it can take a long time for a property to go to tax sale, some people moved on ten years ago and their property is just now going to sale.

These are your target sellers. Often they’re happy to simply give you the deed, just to get it out of their name – especially if you set up a deal to give them a percentage of future proceeds. If you want to invest with little money down, you can get deeds this way hand over fist. An interesting way to buy a home to live in, too. Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com.

Even better is to make money from these foreclosure properties (mortgage and tax) without ever owning them – by collecting the overages created when people bid more for the property than was owed to the bank or government. Owners are almost never properly notified they have these funds due to them, and assume they’ve lost everything.

These funds are almost never subject to money-finder laws, due to a loophole in the state law. Professional money finders don’t even realize this. You can collect them for a finder’s fee of up to 50% perfectly legally in most states. Since without you, the owners will likely lose all the money to the government when the holding period is up, your information is worth this amount. And with foreclosures skyrocketing, they’re cropping up in every county in the country.

You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Foreclosure Properties Can Make You Mad Cash – Without Ever Owning Them

If you’re considering investing in foreclosure properties, there are really only two ways you can do it profitably, and without competition… and with less than $1000 in the bank, if you’re smart.

The first way is to buy foreclosure properties directly from their tax delinquent owners, but only after they’ve already been sold at tax sale. There are two reasons for this. First, by the time they’ve been sold at tax sale, you know there is no mortgage. The mortgage companies pay tax encumbrances and foreclose themselves. Second, during the redemption period (grace period) after the sale, people either pay off their taxes and bail out the property, or they can’t. And they resign themselves to losing everything.

You can pick up the deeds to these foreclosure properties for as little as $200 – especially if you’re willing to make a deal with the owner to give them a percentage of any money you make from it. They’ve got nothing to lose at that point. Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com.

The second way you can really make a huge profit from foreclosure properties, both tax and mortgage, is by going after the overages. Almost no one is doing this because of a misconception about the caps on finder’s fees in most states. You can legally collect up to 50% (or more, depending on the case) finding the rightful owners of overages.

Overages are the funds created when more is paid at auction than is owed for taxes or a mortgage. Owners are almost never properly notified about the overages they have available, and eventually after a year or two the money becomes the property of the agency holding it. This is a valuable and extremely lucrative field to get into. An income of $100,000+ is not only possible, but likely, especially given the number of foreclosures currently occurring. And you can operate with a budget of $1000 or less.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

The Foreclosure Process Could Make You in Excess of $100,000 This Year – If You’re Smart About It

There’s money to be made all throughout the foreclosure process. Most people already know about mortgage pre-foreclosure investing, buying properties at tax sale, and buying REO properties. Those are okay investments – but there’s a lot of risk, not to mention a lot of competition. Here are a two simple ways you can make a lot of easy money from the foreclosure process, without competition, and with less than $1000 in operating capital.

1. Buy tax foreclosure property – but only at a specific point in the foreclosure process. An insider secret to buying tax foreclosure property is to buy directly from the owner, after the tax sale. There’s a short redemption period after the sale where owners can still pay their taxes. Those that can, do. Those that can’t, will sell to you. Most investors don’t realize that in most places, it’s still legal to buy even after the tax sale, so competition is next to zilch.

If you’re willing to make a deal with the owner to pay them a percentage of your profits, you can likely buy their deed for next to nothing – a few hundred dollars, if that – flip the property for whatever you want, and walk away with $10,000+ on a $100 investment. Interested in owning property? Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com.

2. Forget owning property, and go after the overages. When the foreclosure process is completely over, and the redemption period has expired, most people don’t realize that they frequently have the right to collect whatever money was paid for their property that’s left over once the debt is paid. This regularly runs into the tens of thousands of dollars. The worst part is, if they don’t collect it, after a year or two it escheats to the government – and they can never collect it again.

Due to a very little-known loophole, these funds are usually not subject to money finders’ caps. Since reconnecting these owners with their funds is an extremely valuable service – they would likely lose it all, permanently, otherwise – you can, and should, legally charge up to a 50% fee to collect their money. It’s a spectacular way to make an easy six-figure income this year – you just have to know how to find these funds, and approach their owners so they don’t try to go around you and avoid your fee.

Read the free Insider’s Guide to Overages– click here now: http://www.Hooked-On-Overages.com.

M. Dawson is a Chicago area real estate and found money expert.

October 16, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Be a “Found Money” Pro, and Get Rich in Even the Worst Economy

You know that small, select group of people you always hear about – the ones making money in even the worst economy? Smart people see opportunity everywhere. In terrible economies, or when the real estate market tanks, when the stock market tanks – these people are always one step ahead of the pack, finding ways to profit no matter what the situation. Although it may seem counter-intuitive, the current economy is rife with “found money,” precisely because things are so bad. Smart real estate investors are becoming “found money pros,” left and right. You can become one of them.

Lots of real estate investors have watched their finances turn upside-down in the last few years. It’s sad. Unable to find renters or buyers for their properties, more and more investors, as well as homeowners, have seen their properties get sold at tax sale by the government – sometimes for paltry amounts of back taxes. We’re talking nice properties, worth $100,000 or more even in the current economy, sold off to the highest bidder – all because the owners owed the government a few thousand in taxes.

Seems pretty bleak.

What did smart entrepreneurs in the real estate industry do?

Well, a select group of tax sale investors caught on to a little loophole almost no one knows about. In about half of the states in the U.S., if more is bid for a property at tax sale than was owed on taxes (in the above example, if the property was sold for $100,000, and only $5,000 was owed in taxes, then there’s an extra $95,000), the government will hold on to that excess cash and the former owner can come in and claim it. Only the former owner rarely knows that it’s there, for a variety of reasons. They’re no longer at the same address, and can’t be contacted by the government, or assume that it’s all lost (in many states, it is)…

So these investors set up an agreement with those former owners to collect this “found money,” the source of which isn’t revealed until after agreements have been signed, for a percentage of the total amount recovered. Since these funds aren’t subject to finder’s fee laws, that agreement can be for up to 50%.

Smart investors come up with innovative ideas like this all the time. You can imagine, with tax foreclosure skyrocketing, how many of these funds are created monthly. The possibilities are endless. And since this money escheats to the government if it’s not collected in time, this service is actually quite valuable to the former owner. If you’re going to exploit this particular “found money” business, there’s no time like the present.

You’ve got to know how to find and approach these owners so that they don’t try to collect without you and avoid your fee.

You can grab the free Insider’s Guide to raking in cash with overages– click here now: http://www.Hooked-On-Overages.com

Interested in owning tax foreclosure property (another way to make money from a bad economy) you can actually inspect before you buy? Read “5 Days to Getting Tax Delinquent Property for $200 or Less”, click here now: http://www.Deed-Grabber.com

October 15, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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.

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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.

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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.

September 7, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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 | Leave a Comment

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

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

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

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

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

Grants:

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

Private Investors:

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

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

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The seller (can you believe this?):

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

Liquefying any assets:

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

Loans:

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

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

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

August 17, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Foreclosure Homes Offer a New Investment Route

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

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Tax Foreclosure Homes Offer a New Investment Route
By Kevin Simpson

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

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

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

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

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

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

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

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

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

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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!

August 17, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Lien Homes For Sale

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 Lien Homes For Sale
by Stuart J Miller

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

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

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

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

Plus receive these 3 bonuses FREE-

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

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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!

August 15, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

What Is A Tax Lien And When It Is Used?

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

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

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

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

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

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

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

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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!

August 15, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

But first, the basics…

What are tax lien sales?

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

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

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

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

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

Where are tax lien records maintained and recorded?

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

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

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

With that said, this is…

How to find tax lien properties in your state

1. The county recorders office

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

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

2. Tax collectors office

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

3. Local Newspaper

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

4. Subscription based list services

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

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

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

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

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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!

August 14, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Government Property Tax Sales

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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Government Property Tax Sales
By G. Gigliotti

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

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

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

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

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

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

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

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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!

August 14, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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

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

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

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

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

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

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

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

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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!

August 14, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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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Investing In Real Estate The Right Way
by Art Gib

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

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

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

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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!

August 13, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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Tax Foreclosure Homes for Sale
by Joseph Smith, Jr.

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

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

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

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

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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!

August 13, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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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Learn How to Avoid Bad Real Estate Investments
by Karlie Valentine

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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!

August 13, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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

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

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

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

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

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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!

August 13, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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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!

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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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Making Money Off Government Tax Liens
by Rick Goldfeller

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

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

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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!

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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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!

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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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!

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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Tax Lien Auctions
by Peter Emerson

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

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August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Buying Tax Lien Certificates Without Leaving Your Home

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Buying Tax Lien Certificates Without Leaving Your Home
By Russell Hall

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

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

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

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

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

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

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

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

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August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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A Simple Letter With An Edge- By Jack Bosch

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

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

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

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

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

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

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August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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

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

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

KISS Hello, Not Goodbye – A Simple Letter Will Do

By Jack Bosch

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

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

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

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

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

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

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

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

By Jack Bosch

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

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

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

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

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

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

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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

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

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

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

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

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

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

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

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

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

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

August 12, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Flipping Houses: Your Ticket to Big Money in Real Estate?

If you’re like most folks considering getting into real estate investing, you’ve probably got visions in your head of hooking up with a Realtor, paying pennies on the dollar for a cute little dollhouse in a great neighborhood that needs a few repairs and a little curb appeal, and flipping the house for a tidy profit- all while having fun getting paint on your overalls. Flipping houses isn’t a terrible way to get your feet wet in real estate, but it’s not all fun and games and easy money, either. Unless you have a LOT of cash on hand and don’t mind dealing with the many unknowns that come along with investing in real estate this way, flipping houses may not be for you.
First of all: how are you going to find the property? Contrary to what you may think, you’re not likely to find that perfect little rehabber house through a Realtor. Rehab properties listed on the MLS are often bank-owned, and regardless of their condition, the bank has an amount they must get to satisfy the foreclosed mortgage against the house. So you’re not going to find much opportunity for getting a bargain there. And since everyone and their brother is flipping houses these days, good deals that do end up on the MLS are gone in an instant.
Secondly: financing. Cash is king in the flipping houses business, and if you don’t have a lot of it, you will probably miss out on the best deals. It’s highly unlikely that you will be able to qualify for a mortgage on one of these properties, since banks generally require that a property be in good condition in order to loan on it. If you ARE able to locate and purchase a property for cash, or however you’re able to finance it, you’re going to then need a lot MORE cash to fix it up. Please, don’t make the mistake that many newbies do of underestimating the costs of the repairs the property will need. It never, ever ends up being just paint and a few new doorknobs.
Even so, if you’re willing to hustle, invest a lot of time and money, and don’t mind getting nice and dirty, it’s not completely out of the realm of possibility that you’ll be able to make a decent income flipping houses. After all, the old adage about being able to accomplish anything you set your mind to became an “old adage” for a reason! But my question to you is: are you thinking about investing in real estate to try to work hard, long hours (oftentimes doing manual labor) to make a “decent” income, or are you thinking about investing in real estate because you want to work smarter, not harder, and make enough cash so that you and your family can live a life full of abundance? I’m guessing it’s the latter.
Flipping houses may not be your ticket to big money, but real estate definitely is. There is a much better way to find unwanted properties (and if you REALLY have the bug to fix something up- you’ll definitely find some fixer uppers), and for cheap enough that a profit- regardless of how much work is put in- is virtually guaranteed. It’s called “deedgrabbing,” and it’s a simple, proven way to get properties from owners who are about to lose their properties to the government because of unpaid back taxes (“tax delinquent properties”) just BEFORE the property is lost. You will find lots of motivated sellers who can’t wait to get rid of their properties, for cheaper than you have possibly imagined when contemplating flipping houses. $20K? $30K? Nope. You’ll often be able to get properties for $1000 or less, and sometimes people are so happy to see their property go to you instead of the “tax man” that they just give it to you outright… no joke!
It’s easy- all it takes is knowing how to find these owners, when to contact them, and what to say to them when you get them on the phone. Compare that with competing with every contractor in town for the rehab properties in your area, and I think you’ll agree with me that flipping houses may not be your ticket to big money in real estate.

Go to deedgrabber.info to learn the basics of deedgrabbing. There’s a great free email course you can get there.

July 9, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tweak Your Forex Trading Strategy With These 5 Simple Tips

Ask any seasoned trader out there what makes a strategy great, and I’m certain you’ll find many of them repeating the same things over and over again. By no means is this a coincidence, either. The truth of the matter is there are a number of time-tested techniques and methods that can be applied to any strategy in order to enhance it. It makes no difference what type of trader you are, the timeframes you use, or the instruments you trade… these five tips are guaranteed to improve your overall method without fail.

1. The Trend is Your Friend
This is probably the most overused adage in the trading world, yet it’s one that can’t be said enough. It appears to be a simple concept, but many struggle with this principle for years. There are multiple ways to define a trend (indicator based, price based, etc.). The idea here is to pick a definition that works for you, and only take trades in the direction of your “defined” trend. Countertrend trading may work at times, but it also greatly reduces your probability of survival. Just go with the flow, and keep it simple.

2. Cut Your Losses Short
If you never learn to take a loss (and quickly), then you can forget about ever becoming a profitable trader, period. This is the single most important factor in profitable trading. Look at it this way– your profit is not a product of you risking capital. It is a byproduct of capital preservation. If you haven’t yet acquired the ability to take losses, start a demo account which only focuses on minimizing loss, and NOT on earning potential gains. I think you’ll be surprised at the way your equity curve develops. Most importantly you’ll never experience another account blow up ever again.

3. Know Thyself
Ultimately, you are not trading against the market, you are trading against yourself. Make it a priority to understand what that truly means. If you understand how your psyche works, it will be that much easier to make money. This is an entirely subjective topic, and requires some serious self-exploration. A good starting point would be to read a healthy amount of literature on the subject matter.

4. Let the Market Decide
Let the market decide basically means removing personal bias from your trading decisions. Try to view a price point, or price level as a triggering ground for a trade, and not some hunch about what price is going to do next. This idea goes along with the old adage of “Trade what you see, and not what you think you see.” Be firm with your commitment to enter on specified prices. Do nothing until those points are reached, and then fire off your trade. It’s easy to lose sight of things when prices start jumping all over the place. This methodology will keep your nerves calm when that happens.

5. It Takes a Million Trades to Make a Million Dollars
This last tip implies proper use of leverage. Floor traders commonly apply this principle throughout their careers. They insist on making many small trades throughout the day, because it doesn’t require large amounts of risk during any one trade. Over-sizing positions is one of the quickest ways to financial ruin in the market. Amateurs are prone to this kind of abuse because they’re blinded by greed. However, a true professional would never over extend him or herself with that type of trading. Be the professional.

If you take time to memorize these five tips and apply them to how you currently trade, a turning point should occur. You will have a higher state of consciousness while looking at charts and interpreting price data. There will also be a state of calm while trading, because many “unknown” variables will now be clearly understood. It may take a little bit of time before all five concepts are truly mastered, but once they are… it’s a whole new ballgame.

Want to perfect this and other trading techniques? Go to Surefire Forex Trading to learn how successful traders make their money.

July 9, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Cost Averaging Your Way into Some Really Huge Forex Profits

There’s nothing that drives a trader crazier than patiently waiting for a set-up, pulling the trigger, and getting stopped out- only to have the trade immediately reverse, and soar in the direction you knew it would all along. I’ve been a trader for a long time, and it still drives me nuts! Not to worry though, there is a neat little trick you can use to spare yourself this all too common frustration- and not only that, but also take your equity curve to some really impressive new highs.

Dollar cost averaging is by no means a new technique. As a matter of fact, most mutual fund managers use this technique exclusively. These guys don’t even look at charts! As an example, they may buy X amount of DJIA shares every 1st of the month for the next 2 years. They are primarily dealing in stocks, however, so this is a little bit different, since we are talking Forex. The mutual fund manager assumes that companies like GE or McDonalds are not going out of business any time soon- and he can also expect the overall value of these stocks to rise over time. He’s correct on both counts. Forex, on the other hand, is a derivative product, and such assumptions are foolish at best.

Dollar cost averaging can be utilized in Forex effectively if you know how to go about it. The most important aspect of cost averaging in Forex is having a defined maximum loss value. Using a traditional stop loss when you’re applying cost averaging is counterintuitive, because it defeats the entire purpose. We must monitor our losses by means of equity drawdown. A trader must make solid, unbreakable rules if he/she plans on having any type of success utilizing this method. Know your maximum loss value for the day, period.

The next obvious question is, “how do I know where to enter additional trades?” This can get a little tricky because it is somewhat of an art form, but I will share a personal method to help get you started. If you trade a pair that has a daily range of 100 pips, then you would add to the position every time it was down -50 pips; basically, half of the daily range for the pair. You must exercise caution because at times you may be face with a trend reversal, as opposed to a pullback. This is precisely why I had mentioned having stringent maximum loss guidelines. It may also make sense to set a limit on the number of total orders allowed- say, no more than four open orders at once.

Regardless of how one chooses to go about it, averaging positions can be a powerful technique. It is dynamic in nature, and precisely the kind of creative approach necessary to provide a trader with a real edge. When done responsibly it can transform your trading, and impact your bottom line in ways never imagined. Treat the technique with caution and discipline, and it will provide the rewards. Go about it in careless fashion, and it will clean out your account. Always remember that any method that promises huge gains can also cause huge losses. As always, cut the losses short, and let your profits run.

Want to perfect this and other trading techniques? Go to Surefire Forex Trading to learn how successful traders make their money.

July 9, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Understanding Leverage Leads To Profitable Forex Trading

One of the biggest mistakes for new struggling traders is having the idea that Forex is going to make them rich in the next few weeks. I don’t blame them entirely for this way of thinking, because many of those ideas are disseminated to them every single day via internet system marketers. The truth of the matter is that Forex, or any other market, will not make you rich over night… although it can put you into the poor house rather quickly. One needs to understand the inner workings of proper leveraging to truly grasp why this happens to be the case.

When we first fire up our demos, we are excited and salivating from the visions in our minds of cruising around in our new BMWs. We push a few buttons, and we’re hooked. I can recall my first experience on a Forex demo. I put on a few trades in the first half hour and made a whopping $300 profit. Not too shabby, I thought. I left a trade open and closed the platform to go about my usual business. By next morning, as I was opening the trading platform I was in awe of what my eyes were seeing – a whopping $1,700 profit on a $2000 initial balance within 24 hours. That’s when I realized that this was going to be like taking candy from a baby. Of course, we all know what happened shortly there after. I opened up a live account and lost all my money within the same 24 hour period. So what exactly happened? Here’s what happened: I got lucky (on the demo that is).

Let’s look at my example to figure out what happens to many traders that are lacking a robust comprehension of how leverage really works. As you may have guessed, I was using standard 100K lots on my demo account. So my first $300 profit was worth approximately 30 pips (acquired purely from luck). Leaving the open trade overnight yielded an additional 170 pips or $1,700 (again, pure luck). The problem here is that on an initial $2000 balance my sizing was overly aggressive. Granted, I didn’t know the difference at the time. So when it came time to open up a live account I simply continued with the same formula. However, luck was no longer on my side and as I lost my first trade worth about $500 (or 50 pips), I began worry. Like all new traders I panicked and tried to claw my way out of the initial loss by placing orders on everything that moved. Long story short – 24 hours later I was out $2000 worth of “real money”.

Bottom line, a trader must learn to understand how leverage works. I was trading at 100:1 leverage – in other words “pure suicide”. What this means is that I was borrowing $100 worth of credit from my broker for every $1 I had in the account. It’s great when you win, but an account killer when you lose, as I later found out with my real account. These days I trade with a standard 1 to 1 leverage ratio. In other words, I don’t borrow… unless I have to. When I do up the leverage it typically does not exceed 10 to 1. Anything beyond 10:1 leverage and I start feeling a bit uncomfortable. Of course, if I were using 1:1 leverage on my demo I would have only yielded a $20 return, instead of a $2000 return. Not as exciting, I understand. However, I would have also had $1,980 left in my real account instead of blowing it all out in a 24 hour period. The choice is yours.

Go to Surefire Forex Trading to get some good info and tips on forex trading strategy.

July 7, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Become a Profitable Forex Trader

Trading is a funny business. There is no cap on the amount of money a trader can earn, yet most traders lose more than they are able to afford. Why does this constitute the norm, rather than the exception? Why is it that so many flock to the market looking for riches, and leave in financial and emotional ruin. It’s simple really, the answer is ignorance. A limited comprehension will typically cost you in any business venture… especially trading. At minimum, a trader must have a solid grasp on the two primary elements of ALL markets, and not just the Forex market. These two elements are price action, and money management.

Price is King. Certainly, you have heard this before – we all have. However, what does it really mean? Be honest with yourself for a moment. You probably have 5 indicators up on your charts at any given time of a trading session. Most traders couldn’t even tell the price area of last nights session because they were too busy waiting for their moving averages to cross. This type of approach is killing any hopes you becoming profitable in the markets. Trading is a simple science – no indicators needed. If price is breaking previous highs (regardless of your charts timeframe setting) you buy, and vice versa for the sells. Try it out some time… you’ll be pleasantly surprised at the increase in your hit ratio percentages.

We now arrive at the second most important element of profitable trading – money management. Again, you may have heard this term being thrown around, but find yourself uncertain of its true meaning. Money management actually defines a number of different concepts.

The most important concept of money management deals with protecting capital. If you’re not making capital preservation your primary focus then money management will not be much of an issue for you in the future – you simply won’t have any money left to manage. Long story short – define your max exposure, and close out if max exposure is reached. I’ve seen this before many times over. The greatest pitfall in one’s trading journey is the ability to cut losses. I will make a statement you have heard many times before, but one you have largely ignored if you still find yourself blowing accounts. “You will never be a profitable Forex trader unless you learn how to take a loss”. This is by far the hardest thing to do in any trading (or investing) endeavor.

The second aspect of money management deals with gains (as opposed to losses). As a trader finds himself “in the black” with a growing equity curve, he must ensure that the power of compounding is working in his favor. The quickest way to utilize the power of compounding in your trading is by fractionally increasing you position sizing based on your over all equity. An example of fractionally increasing your position sizing would be trading 1 mini lot on a 10K balance, and switching over to 1.1 mini lots when you reach an 11K balance. I know that sounds simple, yet many do not adhere to this methodology and loosely double and triple their position sizing after a streak of wins. Ultimately, this type of approach will kill your equity curve.

Go to Surefire Forex Trading to learn how successful traders make their money.

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Psychology of Profitable Forex Trading

When I was first starting out as a trader, I was so busy fishing around for “the latest system” that I totally missed the obvious. Well, perhaps not so obvious in the beginning. Trading psychology is critical in terms of overall trading success. It’s not something one realizes as they work through a demo account, but something that becomes far more obvious as we move into a live (real money) account. “Know thy self” is a famous old adage which truly resonates when I consider this topic. A trader who fails to recognize the pitfalls of his or her mind’s inner workings is surely in for a nasty surprise.

The biggest psychological hurdle in trading is the minds unwillingness to take a loss. Not only is this the most psychologically crippling aspect to your trading, but it’s also the most crippling aspect to your account balance. Accepting losses is extremely difficult because it signifies failure. If you think about it for a moment, you come to the realization that we have all been programmed to view losing as a direct result of “poor performance”. One football team beats the other because they simply are, or played, better. Seems rather logical in the real world, but in the market this way of thinking does not apply. The market is not you against them; it’s you against yourself (or your psychology, for lack of a better term).

The best way to deal with the psychological crutch is to “tune in” to your inner voice – the voice of reason, logic, and intelligence. You may not have noticed this before, but usually poor trading decisions (i.e. not cutting losses, entering trades prematurely) is a by-product of a psychologically programmed reaction. This is why a trader often finds him or herself dumbfounded at their actions after the fact. The truth of the matter is that you were not behind the wheel at those critical moments, so to speak. You were, more or less, on auto pilot. There wasn’t an ounce of cognition in your mind during that last disastrous trade. Simply put, you got over excited due to fear or greed and your subconscious mind stepped in to do the rest. Unfortunately, the subconscious mind is worse at trading than you are. I know it’s hard to imagine, but this is precisely what happens to struggling traders time and time again.

By tuning into your inner voice you are able to constantly participate on a conscious level. You have to literally talk yourself through every process of your trading plan, signal, and order closing. When you do this long enough, an interesting thing happens – one I think you’ll be very excited about. You start to teach your subconscious mind how to trade. Eventually this process leads us to what the pros call “level 5” trading skill. At this stage of the game the subconscious mind does all of the trading for you. You will no longer need to fight your subconscious programming by focusing on inner voice, because your inner voice and your programmed psychological responses will be one and the same.

Go to Surefire Forex Trading to get some really good tips and techniques- everyone should read this.

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Deed Auctions Seem Like THE Place To Get A Great Deal- Here’s Why They’re Not

It seems like every time you get up for a good ‘ole 3 a.m. snack these days and flip on the tv, you’re bombarded with a new real estate “guru” trying to convince you that the next big cash cow is buy properties at tax deed auction- that is, properties the government has seized for non-payment of taxes. John Beck was recently “outed” for having deceived his audience with the pictures of the beautiful properties supposedly purchased at tax deed auction for $1000- or less. As they say, if it looks too good to be true, it probably is. Here is why tax deed auctions SEEM like the place to get a great deal- but actually are a huge waste of time.

First off, what you see isn’t always what you get. Each state is different, but in many states, you don’t get to inspect any of these properties until AFTER you’ve bought them. There’s no way to know the proper condition, and thus no way to really know how much you should invest in them. Furthermore, oftentimes you don’t get immediate possession of the property once you’ve got the deed- and in some states, you have to buy a lien against the property, wait for the time for the owner to pay off the lien to run out, and THEN apply for a deed. In this waiting period, any number of things can happen to the property. Even if you were reasonably sure when you bid that it was a nice property you were trying to buy, by the time you get it, it may be in considerably worse condition than when you first bid on it. Not to mention, if you’ve been around for the last several years, you’ve seen what can happen to property values in the midst of an economic downturn. Yikes!

Even if that weren’t the case, your odds of actually getting a property or a lien at one of these auctions is very small. With all the publicity tax sale investing has gotten in recent years, sales/auctions are filled to the brim with other bidders like yourself. By the time the bidding is over, most decent properties have been bid up close to retail value. You’ll be bidding against big companies that spend all their time researching these properties, and who can afford to make less money on their investment, just because they have so much of it. Unless you’ve got tons of cash, chances are you can’t compete.

I know this will surprise you in light of the above statements, but… I still think tax sale property holds the best opportunities to get great bargain properties you can make a lot of money on. JUST NOT AT TAX SALE. It’s a system called “deedgrabbing“, involving little-known loopholes to get properties before the auctions, without bidding, without almost ANY competition (it’s a pretty well-kept secret), and yes, for VERY little money.

Go to deedgrabber.info for a free mini course on deedgrabbing!

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Deeds For Sale In Your Area- But You’d Better Be Sure You Want To Buy Them!

If you’ve been lured in by infomercials like the one by John Beck, promising that you can buy government-seized tax sale properties for almost nothing, you need to read this article. It’s not as simple as these television real estate gurus make it out to be, and if you’re not careful, you could end up in over your head, the owner of a piece of property you really don’t want. But more often than not, you’ll just end up wasting time and money on programs like the one John Beck sells, and then find yourself at tax sale auction unable to buy anything even CLOSE to what you saw on tv.

Why?

Well, for starters, these infomercials are trying to sell you on their product. The homes they show “free and clear” looking like a celebrity could live in them are often “after” pictures– what they don’t show you is the hideous state of disrepair the properties were in when they were bought for so little, or the thousands, tens of thousands, even HUNDREDS of thousands of dollars that had to go in to rehabilitating them to the point that they looked good enough for tv.

But even if they had shown you the actual state of the property at the time of purchase, what they don’t tell you is that at government auction, there is little to no chance you will be able to buy one of these properties. Why? Because there are companies with millions of dollars of operating capital and full staffs that spend all their time researching the upcoming tax auctions. These seasoned bidders will be standing right alongside you, and they can afford to make a smaller return on their investment simply because they have so much money– you’ll likely be outbid every single time. Plus, you’ll find that after you stop bidding, others will continue to bid, until the property has almost reached market value.

I’m sorry to be the one to tell you.

So there’s no quick and easy way to getting great properties at tax sale. HOWEVER… this doesn’t mean than tax delinquent property isn’t your cash cow, my friend. Quite the contrary, you just have to be a little smarter about it than your competition. You can still collect on those great amounts of equity in tax sale properties, but you’ve got to get to them before the government sells them at auction. You must locate the owners and approach them at a strategic time in the process, and help them see that it will benefit them to sell to you instead of losing everything at the auction (which is true). It’s called “deed grabbing,” and I’ll tell you what to say to these owners, when to approach them, how to find them and what to do once you’ve got a property (yessss!).

Go to deedgrabber.info for a free mini course on deedgrabbing.

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

John Beck’s Free And Clear Review- Does It Work Or Is It A Scam?

Real estate guru John Beck says that if you send him just a little bit of cash for his course, he can teach you how to buy GREAT properties for just a few hundred dollars- usually with no monthly payments, by buying properties that owe taxes to the government, have been seized, and are auctioned off at government tax sale. If you’re a sane, thinking person, this should cause your “bogus detector” to start wailing like a newborn baby.

I hate to be the one to break it to you, but this is one of the tried and true cases of “if it seems to good to be true, it probably is.” Inside Edition exposed John Beck’s infomercial as being an almost complete fraud, locating the purchasers of these “beautiful properties”, who- unfortunately for John Beck- had hundreds of photos of the rehabbing process of the properties, which, although purchased for very little, were falling apart and needed tens of thousands of dollars of repairs at the time of purchase. John Beck shows you the “after” photos, while claiming these tax sale properties were bought for mere hundreds of dollars.

If I were you, I wouldn’t purchase ANYTHING from someone who feels the need to be deceptive about the product he’s selling. However, I can understand why he feels that need- investing in tax liens and deeds isn’t AT ALL what it’s cracked up to be. There aren’t actually beautiful properties for sale like the ones on his infomercial- at least, not for any amount of money you’d make a profit on. The tax sale process is generally an auction– so everyone and his brother is there bidding against you. No money to be made at tax sale…

…but tax delinquent property is probably the best source of untapped real estate wealth out there today. It’s just too bad for John Beck that he wasted his time coming up with false and misleading infomercials, instead of finding an HONEST way to teach people to invest in tax foreclosures. I’ve been doing it for years- it’s called “deed grabbing.”

Deed grabbing is a way of obtaining tax properties BEFORE the auction, and without bidding. In fact, it’s such a well-kept secret (though, once you understand it, it’s so simple you can’t believe YOU didn’t think of it) that there is next to no competition. Sound good? It is. It’s a strategy that involves approaching owners at a precise time in the process, knowing exactly what to say to them to make them understand that selling to you is their best bet, and then ACTUALLY getting properties for insanely low amounts- and sometimes even FREE. Yes. Free. If you waste your time on John Beck’s course, or at the tax sale at all, you’re insane! Go to deedgrabber.info for a free mini course on deedgrabbing.

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

How Deedgrabbing Made Me $7375.75 On My First Try

Let me guess: you’ve probably never even heard of deedgrabbing before, and stumbled on this article by googling the term to try to find out what it was, or by following another link here from a real estate investing site. If it was the latter, it was probably a tax lien or tax deed investing site- trying to persuade you that investing in tax sale properties is the best way to make money in real estate. That is certainly the case– just not the way other people are telling you to do it. Before I tell you how I made big money my first time out deedgrabbing (of course, at the time there was no term for it– Rick Dawson has since coined the term), let me tell you why tax lien and tax deed investing is NOT the best way (or in many cases, even a good way) to make money from tax sale properties.

First of all, my friend, you’re a little late. There are already multi-million dollar corporations that buy up millions of dollars worth of liens at your local county tax sale. They have professionals on staff analyzing financial data to figure out which properties are actually worth their time and money to invest in. Thus, they’re going to be going after the very same properties as you are 99% of the time. Since they have tons of money to work with, their maximum bid is going to trump yours, every time. All you’re going to get out of attending the government tax sale is a headache, and a pain in your you-know-where from your wife or husband kicking you in the rear.

That should be reason enough to deter you from attempting to invest at the tax sale. If it wasn’t, here’s another reason: what you see isn’t necessarily what you get. You oftentimes can’t inspect the property you’re bidding on. In the case of tax liens, since it takes years many times to acquire the property’s deed (the owners have a nice long period to pay you off, and do 95% of the time), in that time the property can deteriorate quite horrendously. If you’re in it for the interest and don’t mind holding a pricy lien on a property (since everyone was bidding against you, and bid it up so high), then great- IF you get paid off. Find yourself in that unlucky 5% and you may have a property on your hands that you paid dearly for that may have a giant hole in its roof- or no roof at all.

If you haven’t guessed it by now, you needs loooooots and lots and lots of cash to go this route.

It’s really not necessary to go to all this trouble. There’s a much better way to get this very same property, BEFORE the sale (or time to pay off the lien is up), directly from the owners, and at a tiny, tiny percentage of the cost. It involves contacting the owners at a strategic time, knowing the right things to say to make them see that selling to you for pennies on the dollar is their best option, and then selling the property immediately BEFORE you even have to pay the taxes off.

That’s how I made $7375.75 off my first property- did I mention it was on my first try, and in a matter of 4 days? It’s not $7 million, but I don’t think anyone reading would be unhappy with $7,000 for 4 days of work. Go to deedgrabber.info for a free mini course on deedgrabbing.

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Scam? Jack Bosch Land Profit Formula- Does It Work?

Jack Bosch’s Land Profit Formula system has been all over the internet lately. I actually heard he did a $2M launch for a training course earlier this year. I have to laugh to myself when I see all the hype about the “Land Profit Formula” because Jack Bosch is a smart guy, a shrewd businessman, and most importantly, a brilliant marketer- because what he all he really does is “grab deeds.” It’s not magic, and it’s not really a big secret (although very few people know about it), and I’ve been doing it for years. You can do it too.

I’m not going to give away all the secrets in this article (you’ll have to visit my website for that), but I will tell you this: investing in tax delinquent properties is key if you want to make a killing in real estate. When you hear about tax sale properties, though, most people think of investing in tax liens and deeds at the government auction. I’ll give you the top reasons why that is faulty, and why you should leave government tax auctions to the newbies and the big tax investment companies.

First of all, there is too much competition. With the popularity of real estate investing infomercials in recent years, everyone is trying on their hat as a “real estate investor.” It’s understandable, since real estate investing is the best way to build a secure financial future for yourself and your family. But it also means that good deals are no longer to be had buying at these government auctions. Most properties will be bid up to close to what you’d pay on the open market, so you’re not going to score big on equity there.

Second of all, it’s too risky. If you’re looking to acquire property and are bidding on liens, they almost always get paid off. And if you’re just looking for a good interest rate on your lien, you take the risk that the lien WON’T be paid off, and you’ll end up with an unwanted property (that may have deteriorated considerabley while you held the lien) that you paid almost retail value for! It’s a lose-lose proposition all the way around.

Most investments involve risk, and I might recommend taking the above risks if there weren’t simply a much easier, much more profitable way that anyone can do. It involves contacting owners at a strategic time in the process when they’re primed to sell for pennies on the dollar. There’s almost no competition with deed grabbing, you’ll make a LOT more money doing it, and there is property after property after property to go after- thousands upon thousands in some counties! My first deed grabbing venture netted me $7,375.75 in a matter of weeks, virtually risk-free. So I’m the first to recommend it.

Go to deedgrabber.info for a free mini course on deedgrabbing.

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

Tax Sale Properties Are One Of The Best Investments Around– But Not The Way You Think

If you do a Google search for “tax sale properties”, you’ll find yourself staring down a confusing list of returns– some from websites trying to sell you information about when and where tax lien sales and tax deed sales are, some from low-tech government sits with pictures of stinky swampland, trying to sell you undesirable tax sale properties, and maybe even some other articles explaining to you the many hoops– both financial AND legal– that you’re going to have to jump through if you want to have any prayer of making a sound investment. It’s not easy to find any good, solid information to help you make the decision about whether investing in tax sale properties is for you. If you do your homework, you’re likely to find at least as many sources telling you that investing in tax sale properties is a losing proposition, as ones that will tell you it’s a great idea- and the ones telling you it’s great are usually trying to sell you lists.

I hate to do this to you, but if your way of investing in tax sale properties is going to be bidding on liens or deeds at the county auction, I’m with all the naysayers. There are so many pitfalls and risks to this method that in the end, it’s almost never worth it. After all, we invest in real estate to try to make a better life for ourselves- to build toward a secure future, to make more money than might be possible working a 9-5, and to have more personal freedom and time to spend with our families. Right? When you realize the work that often times goes into investing in tax sale properties in this way, at the end of the day, it may be preferable just to work toward the gold watch and the corner office and “work for the weekend.”

Bidding on tax deeds would be great if there wasn’t so much competition. There are lots of properties that end up at the sale that are okay and have some equity. Unfortunately, you’re never going to get a good enough deal to make any money on them, because the guy next to you isn’t about to let that happen. He will bid against you until the property is close to retail value– then you’ve got your nest egg invested in a questionable property (since you usually can’t inspect it first) where if one thing goes wrong, you’ll lose all the money you stood to make and perhaps then some.

Same general thing with the tax lien sale. If you’ve got tons of money, like to gamble, and don’t mind waiting a long time for payoff, you can make some decent money off of the interested generated from buying liens on nice properties. Owners pay off tax liens most of the time. However, you risk running into that rare occasion when you end up owning the property you bought a lien on… which again, would be great if you’d gotten it for a steal, but that competition at the auction is going to bid it up to almost retail value. So you may end up owning a property you never wanted, not getting the interest, gaining too small of an amount of equity to make the headache worth it, and… what if there’s another economic downturn? You could end up upside-down. It’s really not worth it.

It sucks, right? We know that tax sale properties are often free and clear (mortgaged properties would have had their taxes paid off prior to sale by the mortgage companies)… which means tons of equity… gosh, I wish there were a way to get those properties without all the competition, before the sale.

Well, of course there is, you just have to be a little more creative than the next guy. It’s called “deed grabbing,” and it’s a method of obtaining the tax sale properties right from the owners, rather than waiting until they’ve lost everything and you’re wasting away at the tax sale watching great properties get bid through the roof. It’s easy, all it involves is striking while the iron is hot, and finding the right owners who are ready to walk away and hand you their tax sale properties for next to nothing. And best of all, it’s a well-kept secret, so there is minimal competition. And it WORKS.

Go to deedgrabber.info for a free mini course on deedgrabbing.

June 30, 2009 Posted by nevergetajob | Uncategorized | Leave a Comment

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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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