Posts Tagged ‘tax lien investing’

Tax Sales Are In

Wednesday, July 28th, 2010

A lot has been said about tax sales recently. They seem to be all the rage in the real estate industry. Yet, many people don’t know what they are. They don’t know what they consist of, how to get involved, or if they even care to be involved with these tax sales. While tax sales are often mentioned in passing, not much is known about them.

Tax sales are held annually; sometimes more often than that. They are auctions held by the government to recoup back due taxes. These properties are sold in the form on tax lien certificates - an opportunity to make a good interest rate, but necessarily gain a property - and through tax deeds - where the investor becomes the new owner of the property.

You don’t have to go to tax sales to get the properties though. Another option is obtaining a copy of the list from the county auditor one to two months before the auction. Sometimes these lists are available online as well, often with weekly updates (some owners pay off their taxes before the tax sales). From these lists of properties you can do some research and get in contact with the property owners.

By contacting the owners you can try and work out a deal to get the property before anyone else does and without the stress of having to compete at auction. Tax payers who haven’t paid up to the point of the tax sales generally don’t have the money and are in a stressful situation themselves. They are often willing to work with investors and will let them secure a great deal, because it helps them out as well.

Research is key to getting the best deals on your investments. At tax sales you don’t get much information, so before you head out to an auction you’ll want to have at least some idea of what you are getting yourself into. You might want to visit the site, talk to the current property owners, and/or do a quick internet search before investing your money into a property.

If you are looking for an opportunity to make 18 to 50 % on your investments then you should look into tax sales. These real estate investments could be worth your time and money. You are guaranteed a certain percentage through tax lien certificates and can come out even more on top by investing in tax deeds. Tax sales are definitely “in” right now.

If you want to find out more about how a Tax Lien Certificates sale works, then visit No Risk Investor and see how to choose from among the best Tax Lien Certificates.

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Understanding Tax Foreclosure Properties

Tuesday, February 23rd, 2010

Tax foreclosure properties are homes or other real estate that are sold to investors. They are usually acquired when an owner doesn’t pay the property tax that is associated with the real estate they own after three years. The property is granted a two year time frame in which the homeowner is expected to pay what is due on the property. If the account is not made current within the two years, the property is deeded to the county. These homes are then placed up for auction and sold to the highest bidder. The new buyer holds the rights to the home, as long the money owed is not paid.

Greenie real estate investors are able to acquire these properties at low prices. These properties can be found in a number of places and and markets and are listed in newspapers and periodicals as well as online. In order to buy a home, the hopeful homeowner must be present at the auction. Bids starts small, but can escalate. Depending on where you live, you may be charged a 10% non-refundable fee when you buy. A temporary certificate is given to the owner at the time of sale until a deed can be prepared. This deed is normally prepared and sent in about 60 days.

If the buyer of a property does not respond to the notification after about 30 days, then failure to finalize the purchase will result in the loss of the down payment. The property is then offered to the next highest bidder or placed back in action block for the next available action. All properties sold at these actions are sold “as is” and are conveyed through a quit claim deed.

These real estate properties are pretty easy to find either through local public records or online. Contacting a Realtor is a useful way to find great deals. Make sure you investigate the real estate because a lot of them need extensive work and repair. But, if you’re up fr the challenge, the investment can be very rewarding.

First, you need to settle on a geographical location to search for these tax foreclosure properties. If it is not in your area, you’ll need to weigh the traveling costs. Get as many estimates you can of what the property is really worth and what the cost of repair will be. Do this before you buy. Make sure that you understand the rules involved in the auction as the rules can vary in each state.

Learn more about tax foreclosure properties. Stop by No Risk Investor where you can find out all about government tax foreclosure properties and how you can profit by them.

categories: tax foreclosure properties,tax deed sales,tax lien investing,tax deeds,real estate,small business,business,general

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Tax Lien Certificate Sales For Investors

Saturday, January 2nd, 2010

The financial world of the last eighteen months has not been too trusting. It has made the average investor reluctant to make any changes in their portfolio, if they have anything left. Many don’t. Those who do have monies left to invest are not so sure they want to go with a new idea that may sound wonderful, but could collapse in a year or so. Trust is a big issue in today’s investment world. Tax lien certificate sales may sound like a possibility for a young couple, maybe in their early thirties with some money to put away. But as they read about it, they get confused and do not know where to begin.

Tax lien certificate sales basically comes in two forms: 1) Tax Deed OTC Lists and Tax Lien OTC Lists. If there are homes that have gone into foreclosure, the county takes possession of the title to the deed and puts the home up for auction. If the home does not sell at auction, you can purchase the Tax Lien after the redemption period has started. You can ultimately foreclose on the home if the lien is not paid. If the lien is paid, you get your money back plus interest.

Tax Deed certificate sales can be purchased from the county for the delinquent taxes after the redemption has expired. You are free to sell it, fix it up and sell, etc.

Reputable organizations will have lists of properties in foreclosure all over this country and the world. Since this sort of investment is pretty mind boggling, they are here to help you. Of course, you have to pay an entry fee to join their organization, but the promise of high returns on your investment is pretty high. One organization promises a trial return profit of 1000% on your $200 investment. Others promise that some land goes for as low as $1000 and houses for as low as $5000. The Internet is full of organizations and clubs who offer to help you to invest your money. Others insist you go to someplace like Schwab, or to a local investor. It is your money, you have worked hard to earn it.

Tax lien certificate sales is a good way to make some good money, but be cautions, and be sure you are confident with your investor before you invest all of your money into one fund. Good Luck.

If you’re looking to find the best strategies on tax lien certificate sales, then visit www.noriskinvestor.com to find the best advice on property tax sales and other real estate investment opportunities.

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Creative Real Estate Investing Done Right

Friday, November 20th, 2009

A successful way of earning good money in the real estate market is by trying some creative real estate investing. Most buyers will obtain a mortgage from a bank and provide a down payment. Some buyers will pay cash but most buyers don’t have a lot of money laying around.

One method of creative real estate investing is an option. This is when the property is being sold to a buyer at a specified price or strike price during a certain period of time. The owner will sell the buyer an option before a determined date. On the determined date, the buyer can complete the purchase of the option or sell it to another buyer. This will depend on the value of the house. An option is used to buy a house with little cash.

The sandwich lease is a method of creative real estate investing that occurs when a tenant wants to leave their unit without having the option to leave written into their lease. To get out of their lease, the investor would find a replacement tenant who becomes their tenant and not the landlord’s tenant. The replacement will pay the rent to the investor who pays the landlord and keeps the profit. The new tenant will contact the landlord if they have problems with the unit. At the end of the lease, they will notify the landlord and not the investor. Their next lease will make them a tenant of the landlord.

A wholesale is when an investor buys large quantities of real estate from the bank and sells them quickly for a small profit. Distressed buyers will make a deal with the bank who will sell to the wholesalers. After buying the house from the bank, the wholesaler can make a quick profit by selling the house at markup.

A tax lien or deed is when the state sells a property after the taxes have not been paid. The owners of the property are given a certain period of time to pay their taxes. If the taxes are not paid in this time, the state will sell the home. Some states sell the tax lien at an auction. Depending on the state, the investor can obtain the property for the amount that is owed. Some states will start the auction at that price. The investor will own the property free and clear. Other states will sell the deed at a public sale. The investor can still get a great price and many have the convenience of buying the properties online.

Learn more about Creative Real Estate Investing. Stop by No Risk Investor where you can find out all about Government Tax Foreclosure Properties and how to use them for your advantage.

categories: creative real estate investing,property tax sales,property tax auctions,tax lien investing,tax deeds,homes,real estate,small business,business,general

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What Investors Need To Know About Property Tax Sales

Sunday, November 15th, 2009

Investing in tax liens and foreclosures can be extremely lucrative, however it can be a risky venture without having an in depth knowledge of the process or without receiving specialized training. Noriskinvestor.com can provide all the training and information needed in a brief time span to sling shot any investor straight into success. Further, the investor is presented with a compilation of information all in one place.

Whether an investor wants to take the training then tackle purchasing properties on their own or continue to utilize the site to assist in finding properties the goals remain the same. From the start every member is given the opportunity to start purchasing properties, so there is no waiting period. Properties, for property tax sales, have been pre-evaluated and are provided in list format ready for review. Properties include residential homes, land, and commercial real estate. No Risk Investor has compiled list of properties available through various sources not just through county tax sales but through other real estate investment opportunities as well. When an investor provides detailed information regarding the criteria a property suitable for purchase a composite of properties will be presented to the investor.

Different states implement laws regarding the handling of the sales or liens of properties that owe delinquent taxes. Learn the specific property tax sales for each state and become familiar with the local ins and outs of investing in tax liens. Learn the difference between the different types of liens and how the states and counties within them handle the tax liens, tax deeds, and redemption deeds.

No Risk Investor provides valuable information regarding calendars and important dates for nationwide property tax sales. Countless hours are continually spent compiling the information from all over the country and present it in one convenient place so that any investor can quickly make their way through the information and make the most of their time investing and making money.

As more and more counties across the United States move their auctions online instead of holding auctions locally the competition is heating up. More and more people are gaining access to the information; this is where the training and convenience of No Risk Investor is immeasurable and can give any investor who works with the program an advantage when purchasing property tax sales. All the information needed to participate is kept at hand and made available and accessible to investors through the No Risk Investors site.

Learn more about Property Tax Sales. Stop by No Risk Investor where you can find out all about Property Tax Auctions and how to turn them into money.

categories: property tax sales,property tax auctions,tax lien investing,tax deeds,real estate,small business,business,general

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