Foreclosures and Tax Deeds – Opportunities Abound in Florida

Sunday, August 22nd, 2010 at 19:25

Thanks for coming back to visit.

Tax deed sales of foreclosed properties are what I’m excited about! Every dark cloud has a silver lining and the dark clouds of the current real estate bust has one big shiny one also – tax deed sales! Unless you have bags full of money, which few of us have in today’s world, tax deed sales are a re-starter’s dream.

Just today I was doing research online for Florida properties, and the amazing deals I found that are coming up for public auction made me even more excited.

How about a $495,000 property scheduled for a tax deed sale with the base bid of only $1,795!

Sure it may sell at auction for more than that amount, but auctions are peculiar animals, made up of peculiar people, because everyone is different about what they value. And, this property is certainly different too. Why? Because it is – a church!

Now why would anyone be interested investing in a church? For the asset valuation of course — and this church is valued by the property appraiser at nearly half a million dollars, and they will sell it for at least the minimum bid – the taxes owed. Some lucky investor is going to own that asset and be half of million dollars richer!

Let’s think about this for a moment. Most of the ‘common’ knowledge people have is mainly concerning home foreclosures, and so they’re thinking and researching only along the lines of buying a home at foreclosure auctions. That’s great, but how many people are thinking outside the box? Not many, I bet.

Now, for the few who are researching tax deed sales, how many people do you think would be interested in owning a church, even if it is worth a bundle? Even fewer, I’m sure.

Most people who research tax deeds look for the house or condo, which is a small percentage of the total tax deed sales offered, as most houses and condos are redeemed before the sale. The other types of properties they may search for are residential blocks in or close to cities, or even acreage or developers lots. Very few would even consider purchasing a church.

Knowing that few would consider a church means that very few people would bother doing what is known as due diligence on the church, and researching deeper into the title for liens and judgments. All of which by the way, are wiped out a tax deed sale under Florida law – except government liens. They just couldn’t be bothered, and the church in their mind might be in the ‘to hard’ basket.

Now let’s project the realities of this into the day of the tax sale, of that very same church. Keep in mind it will be sold – even if there is only one bidder! Are you seeing it yet? I’m sure you are.

The sale starts – you look around and no one is bidding on the church. So you bid, and you get it for the taxes owed! Bam! You’re nearly half way to becoming a millionaire. Fortune favors the brave of heart and those who are not afraid to take action.

You may have really wanted to buy a foreclosed home. You saw a few homes that were worth $400,000 last year going for $250,000 today. But you still had to borrow from the bank to buy it and you didn’t qualify under their new and stringent standards. You needed a large deposit or substantial collateral.

Now here’s the good part. Guess what? You now have incredible collateral for next to nothing. You can borrow even more and start looking for an even better deal on a much more expensive home, because the higher priced homes have fallen in price by the greatest amount.

Sometimes thinking outside the box is the fastest way to reach your desired goals. Think tax deed sales, for Florida opportunities abound and will do so for years to come.

PR: wait… I: wait… L: wait… LD: wait… I: wait… wait… Rank: wait… Traffic: wait… Price: wait… C: wait…

PR: wait… I: wait… L: wait… LD: wait… I: wait… wait… Rank: wait… Traffic: wait… Price: wait… C: wait… Harry Connor Jr has had over 30 years experience in the study of the esoteric, ancient manuscripts, and the scriptures. Always seeking the ‘truth’ by peeling back the onion skins of delusion, his writings are often controversial, yet uplifting, for he is forever the optimist. For more information on what Harry is up to go here http://www.biz-zoom.com/ and http://taxdeedtreasures.com/
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BIG BUCKS AT TAX DEED SALES

Thursday, August 19th, 2010 at 13:26

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Lake Worth, Florida – Generating income via the real estate industry is certainly not a new concept; however, investors looking for an innovative way to do so can benefit from the government tax deed sales listings found at taxdeedlists.com.

TaxDeedLists.com is a comprehensive online resource that contains hard-to-find government tax deed listings to help investors get started easily in locating government tax deed sales. One of the most advantageous components of the site is that this information is stored in one place. This saves buyers from spending inordinate amounts of time searching for these properties.

The site is membership-based, providing customers with factual information about government properties up for live auction in 67 different counties around the state of Florida. Moreover, the site takes it a step further by offering links to additional online auctions in other states around the country. The properties listed on the taxdeedlists.com website can be purchased at these sales for well-below market value, giving investors the opportunity to gain access to built-in equity. Particularly given the current state of the economy, this is a fantastic way to make extra money in real estate.

While the site targets investors and seasoned real estate professionals, anyone looking to break into this arena can benefit from the information found on taxdeedlists.com Because the site is full of a number of informational sources, this is a great place to get the hang of utilizing online tax deed sales as a means to launching a career in real estate investing.

The site is the brainchild of a group of investors, with more than ten years of industry experience dealing with government tax deed sales. The site provides a well-rounded depth of information on the topic, equipping users with the necessary tools to become successful in this arena.

“As investors, with years of experience at Tax Deed Sales, we realized there was a need to create a site that would provide resources and post updated listings for county tax deed sales,” said a company representative. “Our goal was simply to eliminate countless hours of searching for unadvertised property lists and the must-have information needed to be successful when purchasing government seized property. After comparing what we offer with other sites on the Internet, we chose to make it cost-effective for investors and easy to use for beginners. If anyone is interested in achieving high profits in the real estate market, taxdeedlists.com is where they need to begin.”

The benefit of a site like taxdeedlists.com lies in its ability to disseminate knowledge and significant resources to investors as well as, to provide pertinent information on purchasing tax deed sales, helping them to achieve their profit goals when it comes to real estate investment opportunities.

Now, extensive lists of properties can be found in one place, saving investors precious time and allowing them to focus more on the property of choice versus the search for it. This is but one of the many advantages offered through the taxdeedlists.com website serving as yet another resourceful component of a well-thought out plan for smart real estate investment strategy.

Site membership comes with a host of advantages, including access to the most current tax deed sale lists, a complete guide to the tax deed sale process, education on determining the true value of a property, advice on adapting the skills to become a successful bidder, the ability to connect to online county auction processes, and much more!

Membership rates are reasonable and can be found at a bargain when considering the sheer amount — and quality — of the knowledge shared through www.taxdeedlists.com.

For additional information about Tax Deed Sales, please visit http://www.taxdeedlists.com.

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Tax Deed Investing on Steroids Part 2

Sunday, August 15th, 2010 at 17:17

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In Part 1 of this series on tax deed investing, I introduced you to a strategy for cashing in on tax deeds without even going to the tax sale. In this article I’d like to answer some questions that you may have about the excess proceeds strategy that I introduced you to in Part 1. About a year ago, I did a very informative teleseminar interview with tax deed and real estate investing expert Cody Matousek. Cody divulged the “little known secret” of tax deed investing know as “excess proceeds.”

This seminar entitled “Cashing in on Tax Deeds Without Going to the Sale,” was the most popular teleseminar that I had by far. In fact we had over 200 people sign up for this call! Everyone was so excited about this little known method for making money on Tax Deed properties – without actually owning the property, at least, not for very long, that I got a lot of questions as well as some great testimonials regarding the teleseminar with Cody. Following are the answers to some of the frequently asked questions that we got about this seminar. You can find out more about this “secret” investing strategy at www.TaxForeclosureFortunes.com

Q1:How does it affect your credit if you buy a tax delinquent property and then let it go to tax sale (i.e. you don’t satisfy the delinquent taxes on the property)?
A:This depends on the state and county. Remember that the excess proceeds strategy does not work in every state. In most states property tax delinquencies, and foreclosures, are not reported to the credit bureaus. The counties simply to not have the wherewithal to report hundreds or thousands of delinquent property owners every year. You may want to check this out before you use this strategy. Just call the county tax collector and ask what happens if you’re delinquent with your taxes and your property is sold in a tax sale – do they report it to a credit bureau? Letting a property that you own go to tax sale may affect your ability to purchase any other properties in that sale, however. In most tax deed sales, you have to sign an affidavit stating that you do not owe any property taxes in that county when you purchase a tax deed at the sale.

Q2:What about liens and judgments on tax delinquent properties? If you purchase a property before the sale from the owner, are you responsible for them?
A:Yes, you are responsible for any liens or judgments on a property that you purchase from the owner before the tax sale. If there is a mortgage on the property, for example, and you purchase it from the owner before the sale, you can be held responsible to pay that mortgage. You should do a title search on a property before you purchase it and stay away from properties that have mortgages or other liens on them.

Q3:How do you do a title search on a tax delinquent property? Do you have to hire a title company and get title insurance?
A:Although you should do a title search to find out if there are any liens or encumbrances on the property, you do not necessarily need to pay a title company to do this for you. Since you do not intend to hold on to the property and sell it, you do not need title insurance. You can either hire a title abstractor (these are the people who actually do the work for the title company) to search the title for you, or you can do it yourself. You search the title by going to the county Hall of Records (or where-ever the records are kept) and searching on the name of the owner or owners of the property. Any liens or judgments recorded in their name would attach to the property that they own.

Q4:Why would a person practically give their property away to someone they don’t even know?
A:Great question, and if this didn’t happen than this whole system of buying tax deed properties for pennies on the dollar – before the tax sale wouldn’t work. There are many reasons why someone would give you their property for little consideration. Remember you are looking for people that are just going to let their property go to tax sale anyway. They have already decided that they don’t want the property anymore, for whatever reason, and are willing to give it up. They don’t think (or they don’t know) that they can get anything for their property and you are going to offer them something for the trouble of signing over the deed. In many cases they have already left the property and it’s vacant, or they are living in another state and don’t want to be bothered with it anymore.

Q6:How do I find the owners of the property if county can’t find them to deliver the tax bill?
A:Look in the Tax Foreclosure Fortunes Manual for some links to free sites where you can look up hard to find people. There is also a reference to low cost service that you can pay for if the free sites don’t work.

Q7:Which states can I do this in?
A:Only deed states that award the excess proceeds to the owner of record of the property at the time of the tax sale. Keep in mind that you have be the owner of record at the time of the sale, which means that the deed needs to be recorded a couple of weeks before the tax sale. This can be difficult if the tax sale list is not published until 4 weeks before the tax sale. Another way to do this more efficiently is to use the delinquent tax role instead of the tax sale list. You can get the delinquent tax role at any time – not just before the tax sale, but you may have to pay the county to get it. Also you need to contact the right person to get this list.

Q8:How do I get the excess proceeds once the property is sold at the tax sale?
A:Some states will notify you of the excess proceeds and tell you what you have to do to collect it. In other states you may have to request the excess proceeds. It is helpful if you talk to someone at the county tax office before using this method of investing to find out what happens to the excess proceeds and what the owner of a property needs to do in order to collect them.

Q9:Can the owner of record on a tax delinquent property collect the excess proceeds even if there is a mortgage or lien on the property?
A:Each state handles this differently. Some states will notify the owner and all the lien holders of the excess proceeds. Some states give the lien holders the first right to the excess proceeds, and then if it isn’t claimed in a certain amount of time the owner can request it. Other states will give the owner the first right to the excess proceeds. Again, you can check with the tax collectors office before you use this strategy in any given state to find out what the rules are. You can also do your due diligence a head of time to make sure that there are no mortgages or liens on the property before you purchase it from the owner.

Joanne Musa is a tax lien and tax deed investing expert who helps investors buy profitable tax lien certificates and tax deeds. You can find out more about the excess proceeds strategy of tax deed investing and get a Free mini-course at www.TaxForeclosureFortunes.com.
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Tax Deed Treasures in Florida – With Tax Deed Investing, Owning the Deed is the Goal

Saturday, August 14th, 2010 at 23:01

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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.

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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Tax Deeds, Why You Should Consider Them

Saturday, August 14th, 2010 at 05:29

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Why focus on Tax Deeds? What makes them the “must have” real estate commodity right now?

Because Tax Deeds are where the treasures are!

Consider the following points:

Due to the downbeat fiscal conditions that are taking place in the USA, millions of homeowners will continue to become dispossessed of their homes and property through bank foreclosures. This distressing but very necessary market adjustment will be extensive, and is likely to continue for some time, possibly a decade or more, due to market changes that have been long past due.

Indications are that in early 2010 another housing crisis will be triggered, and will continue until 2015-17, when they are forecasting a final clearing of the backlog of foreclosures. This time the crisis will be in the prime rate arena, due to job loses affecting the middle classes.

With a number of state’s redemption periods being upwards of two years this will translate into a boom for Tax Deed investing well into 2020. A new model of accepted wisdom is rising, creating a paradigm shift. People are going to be much thriftier from now on, and will be looking for new and more reasonably priced ways and means of re-establishing themselves into property, the only real security, to fulfill the “Great American Dream” of home ownership.

Tax Deeds are perfectly situated as a principal choice and the shrewd investor who would like to profit from this paradigm change in thinking will invest in tax-defaulted land.

The majority of the land parcels that will go under the auctioneer’s hammer will fall under one of the following categories and be sold via a Tax Deed at a public auction:

Local owners in financial constraints — i.e. can’t pay their taxes and decide to let it go. Developers went out of business, or neglected to pay the taxes. Interstate owner and overseas investor neglect. Foreclosures and Bankruptcies. Divorces and Separations. Owner illness or Estate sales (death).

The general public is becoming increasingly aware of the advantages of investing in tax deeds, but very few understand how to begin, or even what skills are required to make a start. Tax Deed investing is a skill that can only be developed with a complete understanding of the practice.

The Tax Deed Treasures Wealth Creation System presents targeted training and marketing opportunities for those who desire to focus exclusively on the wonderful Tax Deed Real Estate “gems” in the United States of America and the 34 states that participate in Tax Deed Sales, or some form of tax sale.

A deed can be issued on just about any kind of property, including raw land, agricultural land, commercial property, single family residences and homes, condos, and developed lots. You can buy and later sell Tax Deed properties to support yourself, or as an investment to resell at a profit.

People can become millionaires by working Tax Deed Sales; investing time and money in Tax Deed Sales can prove to be very profitable. Through Tax Deed Sales, the investor can snatch the property from the Tax Lien investor at public auction, and then have an extremely valuable asset in their grasp for the future.

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/
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Tax Liens or Tax Deeds, Which is Better?

Friday, August 13th, 2010 at 07:08

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Frequently I’m asked the question what is more profitable, investing in tax lien certificates or tax deeds. Whether tax lien investing or tax deed investing is better for you depends on the state that you live in and your what your goals are. If you are looking to pick up property under market value than you are better of with tax deeds than with tax liens. If you do your homework and purchase tax liens on good properties, the chances of foreclosure are slim. And in some states, even if the lien is not redeemed, you may not be able to get the property.

In the State of Florida for example, if your lien does not redeem during the redemption period, the property goes into a tax deed sale in order to satisfy your lien. If you did your due diligence and purchased a lien on a decent property, in order to get the property, you will have to bid against other investors at the deed sale. So if you want to invest in Florida, and you are interested in obtaining property, then deed investing is the way to go, not lien investing. If, however, you are not interested in owning property, but just want to get a higher return on your money than you could in the bank, then tax liens are the way to go. In Florida, as long as you do your due diligence, you won’t have to worry about the possibility of owning the property.

If you live on the west cost, you might want to consider investing in tax deeds instead of tax liens. That’s because the states on the west cost are deed states and not lien states. Yes, you could travel to the closest lien state, but that would eat into your profits. And yes, you could invest online but then you have to deal with increased competition and higher costs. Also, would you purchase a property that you did not physically look at first? Even though with tax lien investing, you are not purchasing the property, you’re only buying a lien on the property; your lien is only as good as the property that guarantees it.

If you are interested in either owning the property or getting a very good return on your investment and you live in or near a redeemable deed state, than you should consider investing in redeemable deeds. Redeemable deeds are kind of in-between tax liens and tax deeds. You purchase the tax deed at the sale, but there is a redemption period in which the previous owner can come back and redeem the deed from you. They have to pay a pretty hefty penalty in most redeemable deed states in order to do so, and the penalty is on the total amount that you bid at the sale. In Texas the penalty is 25% and in Georgia it’s 20%. Not a bad rate of return! Another great thing about redeemable deeds is that the larger counties with bigger cities can have a tax sale a few times a year or even every month. That’s better than waiting for a tax sale only once a year sale as in most states that sell regular tax deeds or tax liens.

If you live in a state that sells tax liens, and you are not interested in purchasing property, but are interested in investing your money safely at a high rate of return, than tax lien investing is the best choice for you.

To find out more about tax lien and tax deed investing, go to: http://www.thenetreviews/tax-lien/

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Foreclosure Advantages to People Investing in Florida Tax Deeds

Tuesday, August 10th, 2010 at 09:04

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Foreclosures by the Florida counties usually end in a tax deed sale. The foreclosure process was initiated due to the property owner’s failure to pay the property taxes owed to the local county.

In Florida the counties give the property owner ample notice to pay, and when the owner fails to pay the taxes the county then issues a lien against the property for the taxes owed.

The lien is then auctioned to the highest bidder – usually online – at a tax lien sale. A tax lien is different from a tax deed as the lien only entitles the lien investor to the interest and penalties that accrued to the lien. A lien does not give a tax lien investor immediate title to the property.

However, if the lien is not redeemed by the property owner the lien investor will often apply for a deed to the property, but unfortunately has little guarantee of receiving it, as Florida law requires that after a two-year grace period given to the property owner to redeem the lien, the property must then go to a fair and equitable public auction at a tax deed sale. This often means substantial competition for the lien holder.

In most cases the property is sold to a third party and the lien holder/investor does not receive the deed, only the profits made on the lien. This is one advantage that the tax deed investor has over the tax lien investor.

Another advantage that the tax deed investor enjoys, and which is stated in Florida law, is the strong security of the tax deed. A tax deed is equal to a quick claim deed in that the county is stating that they no longer have any claim against the property. If no other person comes forward to make a claim to the property, then the tax deed entitles the new owner to a free and clear title to the property.

If the deed is later challenged by a claim against the new owner, and the issuance of the tax deed, the statues under Florida law definitely favors the new owner who acted in good faith. Substantial penalties and legal disadvantages are enacted against the claimant, or as is usually the case, the former owner.

By way of example, let’s take a disgruntled owner who lost their property due to their failure to pay the taxes, and then decides to sue the new owner to recover the deed. Florida law states that if they win the case and they recover the deed, which is rare, they must pay all the legal fees of the innocent tax deed investor, plus refund all the money the new owner paid at auction, any money the new owner spent on any improvements made to the property, plus substantial interest and penalties! Ouch!

In other words, Florida law takes a very dim view on the aggravation the former owner will bring to the new owner, who acted in good faith — as opposed to the former owner who acted in bad faith.

What the state of Florida is saying to those who challenge the legal issuance of a tax deed is – ‘we made it easy for you to pay your taxes in giving you a two-year grace period to do so, and after we were forced to sell the property to someone who is willing to pay the taxes, we are not now going to make it easy for you to challenge that decision’.

The security of the Florida tax deed provides an advantage to the investor interested in investing in Florida tax deeds, over other states with perhaps less secure laws. Invest in Florida Tax Deeds.

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://taxdeedtreasures.com/
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Tax Deed Investing: a Better Way to Purchase Tax Delinquent Properties for Pennies on the Dollar, Part 3

Saturday, August 7th, 2010 at 21:56

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This is the 3rd article in a series about Jack Bosch’s Land for Pennies system of buying tax delinquent properties for pennies on the dollar. In the first article I introduced you to Jack Bosch and told you about his background and in the second article I told you about his program and how it’s different from tax lien and tax deed investing. In this last part of the series I’ll give you a summary of the steps that Jack used to make a fortune buying and selling tax delinquent properties.

Step number one, to buying tax delinquent properties for pennies on the dollar, is to get the delinquent tax roll from the county tax collector. This is not the same as the delinquent property list that is published before the tax sale. This list is never published. This is the list that the tax collector uses to contact delinquent taxpayers in order to collect the taxes and to notify them of their delinquency. Sometimes they will make this list available to you (for a fee) and sometimes they will not even know what you are talking about. In Jack’s course he gives detailed information on how to get this list and what form you need to have it in. It doesn’t do you much good for example to get this list as a print out. You need it in a specific digital format.

Step number two, to buying tax delinquent properties for pennies on the dollar, is to filter this list so that you have just the properties that you want. Jack has a method for filtering the list to give him a greater response rate. He is looking for certain properties, so he filters the list to find the properties that he is looking for. In his Land Profits Formula he tells you just how to do that. Also you will need to un-duplicate the list. You may have multiple properties with the same owner and you only want to send one letter to each delinquent taxpayer on the list.

The third step in the process is to send out letters to each of the property owners on your list. Jack’s Land Profits Formula tells you exactly what to do. Jack even tells you what kind of paper and envelopes to use and how to address the envelopes to have a better chance of getting your letters read. He also tells you when the best time to mail them is. And he provides some different sample letters that have worked for him. Once you send out the letters, you just sit back and wait for people to call you about their properties.

Your fourth step is to take the information from your prospects when they call. Jack gives you forms and software for keeping tract of these calls in his program. He even gives you a script of exactly what to say to prospects when they call. There’s no thinking involved, you just follow Jack’s formula for success.

Your next step is to make an offer. You’re going to take a look at the information that you collected from the homeowner and verify it. You need to know what the property is worth. To do this you’ll need to know the assessment information. You’ll also want to do your own title search to make sure that there are no liens or judgments on the property which could cloud the title. Jack tells you how to do that in his Land Profits Formula. Then you’ll decide how much you want to pay for the property and send a written offer to the prospect. Once the offer is accepted you’ll complete a contract and close the deal. Jack provides some different contracts that you can use and discusses different ways to close the deal in his course.

I have simplified Jack’s program for you in this short article, he goes over everything in detail in his Land for Profits Formula. Find out more about Jack Bosch’s Land for Profits formula at http://www.TaxLienLadyRecommends.com . Joanne Musa works with people who want to build an extremely profitable portfolio of tax lien certificates or tax deeds FAST. You can find more information about tax lien investing on her web site: http:// www.TaxLienLady.com.
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Invest in Tax Lien Certificates and Tax Deeds Tax Free

Saturday, August 7th, 2010 at 07:36

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Did you know that you could use money from a self-directed IRA account to invest in tax lien certificates or tax deeds? I’ve interviewed retirement account specialists from two different self-directed IRA companies; EntrustCAMA and Equity Trust Company, and I’ve learned that it is possible to invest tax free in tax lien certificates and tax deeds with a self-directed IRA.

If you use money from a regular self-directed IRA account to invest in tax lien certificates or tax deeds, than your money grows tax free until you withdraw from your account after retirement. But, if you use money from a Roth self-directed IRA, and you do not take any withdrawals until retirement age – you do not pay any taxes on your profits! So if you are using tax lien or tax deed investing as a way to save for your retirement, you need to look into this.

Although many brokerages will say that they have self-directed IRA accounts, they are not true self-directed accounts. You can only invest in anything that they sell. A true self-directed retirement account will allow you to invest in anything that is not prohibited by law. Allowable investments include real estate, tax lien certificates, tax deeds, and notes, along with other of the more usual investments. True self-directed IRA companies are prohibited to sell you investments. They can recommend types of investments that you can use your self-directed IRA for and show you how to do the paper work for them, but they are not allowed to make a commission on what you buy. There are only a handful of these companies in the country. I personally only know of three of them and I’m familiar with only two. I’ll tell you how to find out more about these two companies later.

You might be wondering if you can transfer or “roll-over” money from your present 401k or IRA into a self-directed IRA with one of these companies. What I’ve been told from retirement account specialists is that you can only roll over money from your 401k if you are no longer working for the company that your retirement account was set up with. I know that you can roll over money from a regular IRA account into a self-directed IRA because I’ve recently done that. I took money from my IRA account with TDAmeritrade and rolled it over into a new self-directed IRA account with EntrustCAMA. It was easy to do. I was able to transfer the money when I opened my new account. I downloaded the forms that I needed from their web site and mailed them in. They took care of the rest.

You also might be wondering if there are any fees associated with opening and maintaining a self-directed IRA. Yes there are some fees, but they are minimal compared to the taxes that you would be paying the government on your investment income or capital gains. Each of these companies handles fees differently and in order to see which company would work better for you, I suggest that you visit their web site or talk to a representative.

You can find out more about EntrustCama at http://www.entrustcama.com/ and you can listen to a free teleseminar/interview with Carl Fischer of EntrustCAMA at http://www.audioacrobat.com/play/WmTmzsXs. You can find out more about Equity Trust Company at http://www.trustetc.com/ and you can listen to a free teleseminar/interview Liz Koos of Equity Trust Company at http://www.audioacrobat.com/play/WvX8Qr1Q.

Joanne Musa works with people who want to build an extremely profitable portfolio of tax lien certificates or tax deeds FAST. She is the author of the Tax Lien Investing Basics system for learning how to invest in tax lien certificates and tax deeds for maximum profit, and founder of Tax Lien Consulting LLC, a consulting company specializing in tax lien investing coaching and education. Go to www.taxlienlady.com for more information about tax lien investing.
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P.S. Here is the Best Course for Investing In Tax Lien Certificates And Tax Deeds. Audios, Manual, and Resources. Click Here!

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Real Estate Investing With Tax Deeds- Sky Rocket Your Real Estate Investment Profits

Thursday, August 5th, 2010 at 09:34

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The title of this article makes a bold claim: “Sky Rocket Your Real Estate Investment Profits”. It promises you the ability to sky rocket your real estate profits. Obviously, lots of people claim to know secrets that allow you to greatly increase your investment returns. The problem is that most of them are hype and not at all realistic.

Luckily, what you’re about to learn is not only feasible, but can be accomplished time and time again. I tell you with complete honesty that this is a hidden real estate profit center that surpasses all others. It’s up to you whether you act on it or not.

So, what’s this hidden yet extremely powerful real estate investment? It’s called tax deed investing. You may have heard of it. Here’s how it works. When people fail to pay their property taxes on time, if the state is a tax deed state and not tax lien state, their house and land is auctioned off to investors. It’s here at these auctions where unsurpassed bargains can be found.

It’s quite possible to attend a deed sale and pick up numerous pieces of property for 10-30 cents on the dollar. As you can see- this blows foreclosures and most other well-known ways to acquire inexpensive real estate right out of the water.

A great way to build a lasting lifetime income stream is to buy properties at deed sales, do a small amount of fix up work, and then rent them for cash flow. Because you own the property free and clear with no mortgage, your monthly positive cash flow will be very large. This provides a great financial life for you and your family without the need to have a job. Smart investing pays off big in the end.

You have now been tipped off to an amazingly powerful and untapped real estate investing strategy that can whisk you along to great wealth in a hurry. Beware though… There’s a great deal of misinformation about tax deeds floating around on the internet. Source your information very carefully. This is critical. Because even though this investment is one of the most lucrative, and potentially safer than all other, if you don’t know what to watch out for you risk a lot.

For the ultimate guide to tax lien and tax deed investing click on the link in the authors box below. You’ll soon have all of the information you need to get started on a very profitable and rewarding road. Good luck!

You’re only seconds away from discovering how to win properties for pennies on the dollar. Learn new and innovative strategies for tax deed investing that’ll completely transform your investment portfolio. Click on: Tax Deed Investing now!
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