Tax Lien Sales Online » Buying Tax Liens http://www.taxliensalesonline.com Tue, 28 Dec 2010 19:41:08 +0000 en hourly 1 http://wordpress.org/?v=3.0.3 Buying Tax Lien Basics http://www.taxliensalesonline.com/buying-tax-lien-basics/ http://www.taxliensalesonline.com/buying-tax-lien-basics/#comments Wed, 13 Jan 2010 12:06:58 +0000 http://www.taxliensalesonline.com/buying-tax-lien-basics/ Buying tax liens can be difficult to say the least if you?re a beginner to real estate investing. Whether you are interested and buying tax lien properties for the huge returns on your investment or just investing for the great interest rates with certificates, tax liens sales are a great way to get started in real estate investing.

Before you start investing in tax liens there are a few things that you should know. Although tax liens are considered by many to be one of the safest forms of investing you must to 3 things before investing, and that is research, research and research.

The whole point of tax lien investing is to end up obtaining a return on your investment that would be greater than the estimated value of the property. With that being said it would be pointless to invest in a property that is worth less than the price of the tax lien certificate.

After you?ve found a tax lien certificate or property that you feel you are interested in and is worth your time, the next step is to find out if the property has any encumbrances that would prevent you from cashing in on your tax certificate or property.

For example, if you have a property that is sitting on an abandoned gas station and needs to have the old tanks dug out than that could prove to be a worthless investment. If you?ve done your research prior to making your investment you can prevent losing your investment by doing something as simple as researching the area that your property is located on.

Although there are some risks associated with buying tax liens, they can and still are by many to be one of the safest forms of investing. Many property tax lien certificates are government backed. So if you are not able to have to property owner pay the back taxes during the redemption period, you can be guaranteed a certain return on your investment.

]]> http://www.taxliensalesonline.com/buying-tax-lien-basics/feed/ 0 Buying Tax Liens Online http://www.taxliensalesonline.com/buying-tax-liens-online/ http://www.taxliensalesonline.com/buying-tax-liens-online/#comments Sun, 03 Jan 2010 15:16:48 +0000 http://www.taxliensalesonline.com/buying-tax-liens-online/ What if you are really interested in buying tax liens, but you don?t live in a state that has tax lien sales, and you don?t live within driving distance of a state that does sell tax liens? One alternative to buying tax liens at a physical auction is to participate in the online tax sales. Only a few states have tax lien sales online, but fortunately each state that does have online tax sales conducts their sale at a different time of the year. So you can participate in an online tax lien sale somewhere in the United States in almost any season of the year.There are only 5 states that have tax sales online; they are Arizona, Colorado, Florida, Indiana, and Maryland. Even in those states, not all counties have online tax sales. You can find a list of these counties with links to the tax sale websites, and other details about their tax sales in my ?Guide to Buying Tax Liens Online? on the members area of TaxLienLady.com. The online tax sales are very different in each state, but they do have a few things in common.You need to register for online tax sales days or in some counties weeks ahead of the actual sale. You register for the tax sale and bid on the properties online. You are not actually bidding on the property, but on the tax lien certificate that is being auctioned. These sales usually require a deposit, and some of them have a non-refundable registration fee. Payment for the liens that you are successful bidding on is required within a day or two of the close of the tax sale for tax sales that use wire transfers as the method of payment. For tax sales that use ACH Debit as the method of payment for tax liens, you usually have to pay the day of the close of the tax sale. For these tax sales, you agree before hand to allow the county treasurer to debit your account for the tax liens that you purchase.These counties make it easy for you to register and bid online. The hardest part of buying tax liens online is doing your due diligence for the tax sale properties. Unless you purchase a tax sale list from a tax sale list provider, or in some cases from the county, you don?t always get to see the list of properties that are in the tax sale. Instead the properties are listed individually or in batches by an id number and you have to click on the property number to get the rest of the information on the property. For some counties there is very little information given about the property. This is where buying a detailed or enhanced list, with all of the assessment information for the property can me very helpful.

Joanne Musa works with people who want to build an extremely profitable portfolio of tax lien certificates or tax deeds FAST. You can find out more about buying tax liens online in my Guide to Buying Tax Liens Online. It?s a free bonus for you when you try the members area of TaxLienLady.com. To find out more about the extra bonuses that you get when you try the members area of TaxLienLady.com go to www.TaxLienLady.com/Membership.htm.

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