tag:blogger.com,1999:blog-20310000394528614802024-03-08T02:53:46.710-06:00Tax Lien InvestingMaking Money at a Tax Sale with Tax Lien Certificates is as Easy as 1,2,3.....Once You Get Past the Hype and Down to The Facts. There's Serious Money in That Tax LienCocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2031000039452861480.post-90648761273081149352009-08-26T12:39:00.004-05:002009-08-26T13:04:16.462-05:00Louisiana Tax Sales<p class="MsoNormal">Although I want to discuss Louisiana tax sales, I fully intended to sit down, put pen to paper and do a follow up on one of my last post by providing you with a collection of <a href="http://taxlien-taxsale-taxliencertificates.blogspot.com/2009/06/tax-lien-deed.html">tax deed lien</a> information for my home state of Louisiana. I cut my tax foreclosure sales teeth at Louisiana auctions but had never put together the contact information for all sixty four (64) parishes.<span style="mso-spacerun:yes"> </span>I was just about to do so when my semi silence was broken by a local news alert teaser. </p> <p class="MsoNormal">The local news station was informing the world that a parish government tax sale auction had broken all attendance records. Of course they were spinning the increased interest as a response to the downturn in the national economy, with desperate people seeking opportunity, when they left for a commercial break, but would have pictures and a complete analysis of the surge behind tax sale later in the broadcast. For a brief moment I thought I was watching a late night tax sale infomercial and waiting to see the number to call.</p> <p class="MsoNormal"><span style="mso-spacerun:yes"> </span>Of course anyone that has paid any attention to Louisiana tax sales knows that an auction can run the full gamut; from a couple of local guys telling the sheriff what properties they want with the entire sale being over before you could finish your cup of coffee to a multi day event that attracts many institutional investors and beaucoup smaller investors putting you to sleep.</p> <p class="MsoNormal"><span style="mso-spacerun:yes"> </span>Anyway you have to love news stations trying to drum up advertising revenue. The economy affects them too. </p> <p class="MsoNormal">Over the years I have attended this particular Louisiana tax sale religiously. It has a good number of quality properties that make great candidates for ultimate ownership. It’s a rural parish that has a lot of urban development which allows for the purchase of acreage that has the added attraction of sub divisional opportunities on the back end after acquisition. As if any additional incentive is required. Quieting title isn’t much of an issue as property changes hands via title confirmation proceedings on a regular basis. It’s well traveled territory for the legal community.</p> <p class="MsoNormal">Although the news station dramatically overplayed the issue, the sale did kind of take on a circus atmosphere. The place was packed and there were a lot of newbie investors that were using the research stat requirement sheets that come straight from the latest tax sale investing seminar. <span style="mso-spacerun:yes"> </span></p> <p class="MsoNormal">The fact that newbie investors were in attendance doesn’t bother me in the least. In fact I encourage it. They don’t affect how I conduct my investment strategies.<span style="mso-spacerun:yes"> </span>But with all the interest that has been generated over Louisiana tax sales (all tax sales for that matter) and the influx of new players.<span style="mso-spacerun:yes"> </span>It does have an effect on the industry overall. Let me explain by first giving you a very quick overview of how tax lien certificate tax sales are conducted in Louisiana.</p> <p class="MsoNormal">Louisiana conducts their tax lien certificate tax sales (as opposed to tax deed tax sales) using a process that is a combination of random selection and bid down ownership.<span style="mso-spacerun:yes"> </span>Typical of a random selection auction, an auctioneer will read the legal description and the taxes owed, and then randomly select a bidder willing to pay. That’s usually the end of the matter and the auctioneer moves on to the next property. However, on occasion one of the bidders not recognized by the auctioneer may speak up and offer to take a smaller portion than the whole to satisfy the taxes owed and a back and forth bidding may ensue.<span style="mso-spacerun:yes"> </span>For the most part bidding down the property is the exception rather than the rule.<span style="mso-spacerun:yes"> </span>There is a kind of unwritten rule; there is plenty for everyone and really no need to pay full price for less property.<span style="mso-spacerun:yes"> </span>But it does happen and depending on the parish more so in some than others.</p> <p class="MsoNormal">If your investment strategy is to purchase tax lien certificates for the statutory interest because you see them as a more secure investment and a better producer than the typical low interest CD you could purchase from you corner bank, then the influx of competition doesn’t really affect you. Your pre sale research consists of making sure the property does indeed exist and that it‘s not a dual assessment. The ratio of the cost of the tax lien certificate to the value of the property secured by the tax lien is so grossly slanted in your favor that the risk of losing money is almost nonexistent.<span style="mso-spacerun:yes"> </span>Sure you could purchase something that has an environmental issue like an old gas station that had sunken tanks that leaked. <span style="mso-spacerun:yes"> </span>50 years from now some attorney is going to name you in a suit because you tax lien certificate shows up in the chain of title and they are looking for previous owners to pay for clean up. If you plan your life like that stay away from gas stations, industrial sites and toxic waste dumps. Maybe you should avoid Louisiana tax sales altogether if your view on investing via risk is so temperamental.</p> <p class="MsoNormal">Now, if you are trying to gain full ownership then you research is quite exhaustive as you are searching for those few properties that have a good chance of not being redeemed and uncontested when you bring you conformation action. Walking into a Louisiana tax sale that is a packed room, can send you into a panic attack rather quickly if you have not laid the proper ground work. <span style="mso-spacerun:yes"> </span>When the sheriff/auctioneer calls out the first couple of properties and 50 hands go up to get acknowledged as the winning bidder. <span style="mso-spacerun:yes"> </span>It really doesn’t look like an auction as far as you are concerned it’s taken on the appearance of a tax sale lottery. Here you are on the day that all those hours of research are going to pay off. You have narrowed your prospects to a list that consists of a half dozen or so tax lien certificates that have a good chance to hit you a home run. The only obstacle you have now to overcome is how to get recognized when all those hands go up when your number is called. While it may appear that you have just entered the Louisiana tax sale lottery zone and all your hard work is about to go down the drain. It hasn’t. There really isn’t any reason that you shouldn’t walk away from that tax sale purchasing everything you came intending to buy.</p> <p class="MsoNormal">Your lesson is to think about the dilemma in which you find yourself. You’re at a Louisiana tax sale. You know what you came for. The question is how you are going to get it. I’ll fill you in on a later post.</p>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com2tag:blogger.com,1999:blog-2031000039452861480.post-78088924350096326902009-08-25T14:28:00.000-05:002009-08-25T14:30:11.074-05:00Privacy Policy<p class="MsoNormal">Privacy Policy for Tax Lien Certificate Investing http://taxlien-taxsale-taxliencertificates.blogspot.com/</p> <p class="MsoNormal">At Tax Lien Certificate Investing <span style="mso-spacerun:yes"> </span>http://taxlien-taxsale-taxliencertificates.blogspot.com/, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by http://taxlien-taxsale-taxliencertificates.blogspot.com/ and how it is used. </p> <p class="MsoNormal">Log Files<o:p></o:p></p> <p class="MsoNormal">Like many other Web sites, http://taxlien-taxsale-taxliencertificates.blogspot.com/ makes use of log files. 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Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see. </p> <p class="MsoNormal">http://taxlien-taxsale-taxliencertificates.blogspot.com/ has no access to or control over these cookies that are used by third-party advertisers.</p> <p class="MsoNormal">You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. http://taxlien-taxsale-taxliencertificates.blogspot.com/'s privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites.</p> <p class="MsoNormal">If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites.</p> <p class="MsoNormal">If you require any more information or have any questions about our privacy policy, please feel free to contact Tax Lien Certificate Investing by email at tlci@rocketmail.com.</p>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com0tag:blogger.com,1999:blog-2031000039452861480.post-15329831720946940102009-06-25T10:54:00.003-05:002009-06-25T11:26:39.353-05:00Tax Lien Foreclosure<p class="MsoNormal"></p><p class="MsoNormal"><span class="Apple-style-span" style="line-height: 18px;"></span></p><p class="MsoNormal"><span class="Apple-style-span" style="font-size:7;"><span class="Apple-style-span" style=" line-height: 55px;font-size:48px;"></span></span></p><span class="Apple-style-span" style="font-size:7;"><p class="MsoNormal"><span style="line-height:115%;font-size:12.0pt;">I’ve invested in <a href="http://taxlien-taxsale-taxliencertificates.blogspot.com/2009/06/tax-lien-deed.html">tax liens and deeds</a> throughout the country for over two decades. It’s almost second nature for me now. In all that time one of my biggest gripes is the terminology that’s used in different locals. I guess it’s to be expected. The title of this post is a perfect example of one of the most confusing terms used I can imagine. Google the term tax lien foreclosure and you will get 714,000 hits.<o:p></o:p></span></p> <p class="MsoNormal"><span style="line-height:115%;font-size:12.0pt;"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="line-height:115%;font-size:12.0pt;"><span style="mso-spacerun:yes"> </span>But when I hear the term I’m not quite sure what it means. My first thought is the process in a tax lien state where the redemption period has run and I am now in a position to perfect my ownership in a property secured by a tax lien. In Louisiana that action would either be a suit to quiet title or more commonly referred to as a suit to confirm title. The suit is a fairly simple filing that can become quite complicated if the previous owner appears and defends or actually institutes suit to annul the tax sale. Most tax lien certificate defenses revolve around the issue of notice or lack thereof to the previous owner or other interested party prior to the auction, as well as possession issues. The other avenue to perfect title is an action in monition. Which is basically clearing title by advertisement, a suit is brought and an advertisement is placed in the appropriate legal journal to notify previous owners that they must bring an action to annul or the title will be perfected. I can’t however say I ever heard either process referred to as a tax lien foreclosure.<o:p></o:p></span></p> <p class="MsoNormal"><span style="line-height:115%;font-size:12.0pt;">You may possibly hear the term as it relates to the process by which the Internal Revenue Service enforces collection of taxes by auctioning off property that is seized with a tax lien for failure to pay taxes due. When dealing with immovable property there is almost always a redemption period and if you are lucky enough the tax debtor doesn’t redeem and the service issues you a deed. However, my experiences with these sales haven’t turned out that simple. Be prepared for additional litigation. The good part is you can usually just piggy back on the US attorney that will be defending the IRS’s position. But remember they represent the government. You are not their client.<o:p></o:p></span></p> <p class="MsoNormal"><span style="line-height:115%;font-size:12.0pt;">I know I’ve been real general in the above discussion. I’ve done it purposely. Over all the many years I’ve invested in tax lien certificates there have been a great many changes in the law, statutes and interpretations. What may have been good twenty years ago is no longer valid and what was impossible just a couple of year ago may not only be possible, it’s commonplace. The whole idea behind this blog is to get you to see the money making opportunities of tax lien certificates so you can develop strategies that work.<span style="mso-spacerun:yes"> </span>I will not and will never attempt to tell you what the law is. You need to seek legal advice from a legal professional on questions and matters pertaining to legal issues. But I will discuss ideas that are legal in nature as all tax sales are governed by laws and statutes of the jurisdiction in which the property is located.<o:p></o:p></span></p> <p class="MsoNormal"><span style="line-height:115%;font-size:12.0pt;">I guess it would be a good time to get back to the subject of this post. What is the meaning of tax lien foreclosure? <span style="mso-spacerun:yes"> </span>I can probably sum it up like this; I’ve been investing over twenty years and the term tax lien foreclosure has been used five times in this post. Than four more times than I’ve ever heard it uttered in the real world. <o:p></o:p></span></p></span><p></p><p></p><p></p>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com4tag:blogger.com,1999:blog-2031000039452861480.post-65260235081786912062009-06-19T12:49:00.001-05:002009-06-19T12:51:53.283-05:00Tax Lien Deed<p class="MsoNormal">Don’t let the title throw you. I’ve just been receiving too many requests from people wanting to know whether the sate they live in is a tax lien state or a tax deed state. So I am not talking about a tax lien deed in the sense of the deed you get when you quiet a title on a tax lien that was not redeemed.<span style="mso-spacerun:yes"> </span>Since this question takes up way too much of my time I decided to put the tax lien deed<span style="mso-spacerun:yes"> </span>issue to rest here by providing a simple State listing;</p> <p class="MsoNormal">Alabama tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Alaska tax deed<span style="mso-tab-count:1"> </span> </p> <p class="MsoNormal">Arizona tax lien</p> <p class="MsoNormal">Arkansas tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">California tax deed<o:p></o:p></p> <p class="MsoNormal">Colorado tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Connecticut tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Delaware tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Florida tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Georgia tax deed<o:p></o:p></p> <p class="MsoNormal">Hawaii tax deed</p> <p class="MsoNormal">Idaho tax deed<span style="mso-tab-count:1"> </span> </p> <p class="MsoNormal">Illinois tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Indiana tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Iowa tax lien<o:p></o:p></p> <p class="MsoNormal">Kansas tax deed</p> <p class="MsoNormal">Kentucky tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Louisiana tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Maine tax deed</p> <p class="MsoNormal">Maryland tax lien<o:p></o:p></p> <p class="MsoNormal">Massachusetts tax deed<span style="mso-tab-count:1"> </span> </p> <p class="MsoNormal">Michigan tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Minnesota tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Mississippi tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Missouri tax lien<o:p></o:p></p> <p class="MsoNormal">Montana tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Nebraska tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Nevada tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">New Hampshire tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">New Jersey tax lien<o:p></o:p></p> <p class="MsoNormal">New Mexico tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">New York tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">North Carolina tax deed </p> <p class="MsoNormal">North Dakota tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Ohio tax deed<o:p></o:p></p> <p class="MsoNormal">Oklahoma tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Oregon tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Pennsylvania tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Rhode Island tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">South Carolina tax lien<o:p></o:p></p> <p class="MsoNormal">South Dakota tax lien</p> <p class="MsoNormal">Tennessee tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Texas tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Utah tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Vermont tax lien<o:p></o:p></p> <p class="MsoNormal">Virginia tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Washington tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">West Virginia tax lien<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Wisconsin tax deed<span style="mso-tab-count:1"> </span></p> <p class="MsoNormal">Wyoming tax lien</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">That should cover the tax lien deed question. Be advised there are some exceptions. Parts outside of San Francisco are permitted to conduct tax lien certificate sales, Delaware conduct tax deed sales that have a right of redemption and Michigan and Minnesota used to be tax lien states but now conduct tax deed sales. I guess the tax lien deed question may never get answered. There are others exceptions but the list above should more than cover you for now. </p>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com1tag:blogger.com,1999:blog-2031000039452861480.post-84272571013653363672009-05-04T11:17:00.011-05:002009-05-27T23:56:44.056-05:00Building Your Tax Lien Certificate Empire Takes Time<p class="MsoNormal">As the title suggests there are no easy short cuts to investing just like there are no <a href="http://taxlien-taxsale-taxliencertificates.blogspot.com/2009/04/tax-sale-secrets-there-are-no-secrets_11.html">tax sale secrets</a>.<br /></p><p class="MsoNormal"><o:p></o:p></p> <p class="MsoNormal">Right now in Louisiana, it’s tax sale time and research and prospecting have required my attention preventing me from posting as I would like.<span style="mso-spacerun:yes"> </span>That being said, attending my most recent tax sales has given me a new story.<o:p></o:p></p> <p class="MsoNormal">Case in Point:<o:p></o:p></p> <p class="MsoNormal">At a recent tax sale, I ran into an acquaintance that is a tax lien investor whom I’ve known for some time.<span style="mso-spacerun:yes"> </span>The sale was not going to get a lot of action as the property list wasn’t very large.<span style="mso-spacerun:yes"> </span>As for me, the tax lien property I was most interested in was scrubbed because the homeowner paid his taxes prior to the sale.</p> <p class="MsoNormal"><span style="mso-spacerun:yes"> </span>Anyway, in my conversation with my friend, she commented on the lack of interest and then pointed out a “newbie”<span style="mso-spacerun:yes"> </span>tax lien investor that was one of those “idiots” who had attended a couple of tax sales<span style="mso-spacerun:yes"> </span>because he must of seen one of those late night tax lien investing infomercials.<o:p></o:p></p> <p class="MsoNormal">I don’t take offence when people make dumb statements; I just chalk it up to ignorance and try to garner whatever tidbits of knowledge they may contain.<span style="mso-spacerun:yes"> </span>Anyway, the sale proceeded and our newbie tax sale investor purchased a property. </p> <p class="MsoNormal"><span style="mso-spacerun:yes"> </span>Immediately, my tax lien investor expert friend whispered to me, “Good thing he only spent $98.00, he won’t get too badly hurt.<span style="mso-spacerun:yes"> </span>The lot he just purchased isn’t big enough to build on its too small.<span style="mso-spacerun:yes"> </span>He’ll never get a zoning variance.<span style="mso-spacerun:yes"> </span>Like a lamb led to the slaughter, that poor infomercial watching guy”, as her eyes rolled back into her head!<span style="mso-spacerun:yes"> </span><o:p></o:p></p> <p class="MsoNormal">Well, I started to analyze the situation as the tax collector continued to knock down properties.<span style="mso-spacerun:yes"> </span>Here was a person that I knew strictly from attending tax lien auctions.<span style="mso-spacerun:yes"> </span>I never really considered what her angle or perspective was on <a href="http://taxlien-taxsale-taxliencertificates.blogspot.com/">tax lien investing</a>. But now, I was pretty sure it was a static approach.<span style="mso-spacerun:yes"> </span>She knew how to deal in a certain types of property and if it didn’t fit her mold, she wasn’t interested.<span style="mso-spacerun:yes"> </span>There’s nothing wrong with that approach.<span style="mso-spacerun:yes"> </span>Find a formula that works and just keep repeating the process. It can make you a ton of money.<span style="mso-spacerun:yes"> </span>However, I tend to reject this view when it comes to <span class="Apple-style-span" style="font-weight: bold;">my tax lien investment strategy.</span><o:p></o:p></p> <p class="MsoNormal">First, I think it shows a total lack of understanding.<span style="mso-spacerun:yes"> </span>I want to understand the investing process and accurately appreciate real estate and tax liens. Doing so makes it possible for me to respond whenever any dynamic in the process changes. <span style="mso-spacerun:yes"> </span>Consequently, I’ll know what changes I need to make to continue to be successful investing in tax liens.<span style="mso-spacerun:yes"> </span>We live in a world of constant change. And if you don’t have an understanding and appreciation of the dynamics of what you’re doing when change happens you’re lost. Now, instead of being at the forefront and taking advantage of the situation, you’re stuck with everyone else trying to regroup and figure out what to do.<o:p></o:p></p> <p class="MsoNormal">Second, if I view my investments as nothing more than a cookie cutting process, I miss big opportunities.<o:p></o:p></p> <p class="MsoNormal">Let’s look at the case in point.<span style="mso-spacerun:yes"> </span>Our newbie investor just purchased a tax lien certificate on a vacant lot that probably had a value of $40,000.00 even if he can’t build on it (if we take into account the building restrictions issue that our tax lien expert advised us of).<span style="mso-spacerun:yes"> </span>Our little lamb to slaughter just made a potential $39,902.00 profit from a $98.00 investment.<o:p></o:p></p> <p class="MsoNormal">The possibility also exist that the tax lien newbie can get a zoning change, <span style="mso-spacerun:yes"> </span>increasing the value of the lot at the same time, and then build on it himself or sell it to a builder. He could also donate it to a neighborhood organization and take a tax credit for the $40,000.00 value of the property.<span style="mso-spacerun:yes"> </span>There are any number of ways to approach a zoning matter.<span style="mso-spacerun:yes"> </span>Where my tax sale expert saw a problem others would see an opportunity, less competition.<o:p></o:p></p> <p class="MsoNormal">In that 30 minute tax lien auction our newbie bought one more property.<span style="mso-spacerun:yes"> </span>On my way out, I stopped and introduced myself and commented on what a super buy his first purchase was.<span style="mso-spacerun:yes"> </span>He introduced himself and proceeded to thank me as he had attended his first tax sale some years ago and overheard a conversation I was having with someone else. He informed me that his fortuitous eavesdropping confirmed he was on the right track.<span style="mso-spacerun:yes"> </span>It was at that point I asked him if he intended to build a swimming pool on his new lot. <o:p></o:p></p> <p class="MsoNormal">The look of puzzlement on his face was priceless.<o:p></o:p></p> <p class="MsoNormal">You see, my friends, I was interested in two tax lien certificates that day.<span style="mso-spacerun:yes"> </span>One got paid before the tax lien auction took place and my newbie tax lien investor had beaten me to the punch on the other.<span style="mso-spacerun:yes"> </span>Once he introduced himself, I knew exactly who he was.<span style="mso-spacerun:yes"> </span>The piece of property he bought was owned by a man who had passed away and left no heirs. It was a slam dunk buy property for pennies on the dollar type of tax lien certificate most people dream of.<o:p></o:p></p> <p class="MsoNormal">He learned this when the neighborhood kid that cut the grass stopped cutting it.<span style="mso-spacerun:yes"> </span>I learned it through research, but my newbie friend and his two other neighbors would have been the first people I would have approached with an offer to sell if I had acquired that tax lien certificate.<o:p></o:p></p> <p class="MsoNormal">Yep, lambs to the slaughter….</p>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com0tag:blogger.com,1999:blog-2031000039452861480.post-60446490586941166452009-04-11T10:20:00.014-05:002009-05-27T23:58:45.507-05:00Tax Sale Secrets…. There are no Secrets<p class="MsoNormal"></p><p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Regardless of what you may have heard about <a href="http://taxlien-taxsale-taxliencertificates.blogspot.com/2009/04/tax-salelets-have-conversation.html">Tax Sales</a>.<span style="mso-spacerun:yes"> </span>There are no secrets when it comes to buying property and making money. Everything is dictated by state law and statute and conducted in full public view. If you don’t know what they are, it’s because you don’t know where to look. While there may be no secrets.<span style="mso-spacerun:yes"> </span>There certainly are tips and techniques that you can use to turn a relatively mundane 15% annual return on your investment to a truly spectacular return in the 1000 %<span style="mso-spacerun:yes"> </span>range.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">First, you need a basic understanding of the process’ and definitions of what’s involved when it comes to dealing with Tax Liens and Deeds. I’ve been investing in Tax Lien Certificates (TLC’s) for so long it’s not hard for me to forget just how foreign some of the terminology actually sounded when I just started out. Back then, I read everything I could put my hands on and remember well how I depended on my Black’s law dictionary. I still do at times. Rest assured, I can get you more than enough information to put you well on your way to realizing just what a great wealth building investment Tax Lien Certificates truly are.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Shall We Begin……?<span style="mso-spacerun:yes"> </span>Some Quick Explanations</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">State, County (in Louisiana… Parish) and Local governments all need money to provide the basic and sometimes not so basic services we as citizens have come to expect. Of the many taxes that are used to fund government services, the most common is assessed against real property,<span style="mso-spacerun:yes"> </span>known as a Property Tax.<span style="mso-spacerun:yes"> </span>The amount that the property owner owes is usually (there may be other factors which I won’t go into now) based/assessed on the value of the land and improvements and collected by the county sheriff/ tax collector in which the property is located. Many times and for a lot of different reasons a property owner may not pay his property tax.<span style="mso-spacerun:yes"> </span>When this happens the property is auctioned or sold at a Tax Sale. In the United States there are two methods of doing this; Tax lien Certificate Sales and Tax Deed Sales. The method employed depends upon the State in which property is located. What you need to understand now is the differences.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">At a Tax Lien Certificate (TLC) Auction a lien is placed on the tax debtor’s property. This lien acts as security for the repayment of the money expended to satisfy the taxes plus interest. This lien is placed first and superior to all other encumbrances or obligations against the property and stipulates a fixed period of time in which the taxes and interest can be repaid (the redemption period). If the tax debtor does not redeem, the purchaser of the lien can bring an action to prefect his/her title to the property. In Louisiana you bring a suit to Quiet Title or an action in Monition.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">At a Tax Deed Auction a deed is issued to the purchaser. Once you tender payment you acquire ownership of the property. In most states you own the property free and clear of any encumbrances or obligations.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">SIDEBAR…… Go Figure</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">The Internal Revenue service places a lien on a tax debtor’s property and conducts a Tax Deed Auction that has a Redemption Period.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">And it is becoming more common for tax lien states to also conduct Tax Deed Auctions on properties that didn’t sell to 3rd party purchasers at the Tax Lien Certificate Sale(in Louisiana these revert to the parishand are known as adjuciated properties) after the redemption period lapses.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Back on track….</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">This friend is Tax Sale investing taken to the lowest level:<span style="mso-spacerun:yes"> </span>Government needs money to provide services, taxing property is one method of raising the money needed. If the owner of the property doesn’t pay, the government will sell your property. Simple and effective isn’t it. Now consider there are 50 states, of which 48 have operational county governments. Alaskans call their counties Boroughs and Louisianans use Parishes. Connecticut and Rhode Island have geographic counties but not functioning governments. There are 3,033 counties and another 33 city-county governments. Now throw on all the city governments that use a property tax to fund services. Each and everyone conduct their sales different so it’s not hard to get confused! But it sure looks like there are more than enough opportunities for everyone to get involved in investing in Tax Sales.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">You may say to yourself why is this blog focused on investing in Tax Liens and not Tax Deeds.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;"><span style="mso-spacerun:yes"> </span>The answer is really quite simple.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">1; Louisiana is a Tax Lien State. Although my activities have taken me to other states my area of expertise is Tax liens and in particular Louisiana Tax liens.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">2;<span style="mso-spacerun:yes"> </span>On top of that I view real estate as so much more than just buying a property low and selling high or the cash flow that can be generated from owning. The thing I love most when it comes to investing is LEVERAGE.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Let me explain….<span style="mso-spacerun:yes"> </span>It’s not hard to go to a Tax deed auction and purchase a $ 150,000 property for $130,000 and see an immediate $20,000 equity. Not bad for a day’s work, Right? Let’s scratch just a little deeper at this scenario. If I wanted to sell the property tomorrow a real estate agent is going to charge me<span style="mso-spacerun:yes"> </span>6% on the $150,000 sale price or $9,000. Now my profit just dropped to $11,000. There are going to be seller’s costs associated with selling the property of about $2,000. Now I am at $9,000 profit for one day’s work, still a very nice return on the money. If I hold the property for 3 years and see an appreciation of 10% I will have a $165,000 property that an agent will charge me $9,900 (6% of 165k) to sell + $2,000 in closing costs, leaving me a profit of $23,100 or a return of 17.769% on my $130,000.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Now let’s take the $130,000 to a Tax Lien Auction in Louisiana. I buy a $150,000 house for $1,500 which isn’t a hard thing to do. But now I can purchase 86 houses (Tax Lien Certificates)<span style="mso-spacerun:yes"> </span>($130,000 /$1,500 I’ve rounded down from 86.67 houses) and since Louisiana allows<span style="mso-spacerun:yes"> </span>a 5% Penalty and 1% per month interest. My one day return is $7,800.<span style="mso-spacerun:yes"> </span>I have no agent commissions or closing costs as the Parish Sheriff can handle all the details for me. Not bad but not as good as our Tax Deed scenario.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">SIDEBAR….</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">I am using the 5% interest and 1% interest because this is the figure most tax sale Guru’s use. While this is correct, if you thoroughly read and understand Louisiana’s Tax Sale Laws you would understand there is so much more that the law allows than Interest and Penalties. Rest assured we will explore these areas in depth.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">RETURN TO YOUR SEAT…</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">But wait, we are in a superior lien position on $13,000,500.00 worth of real estate (86.67 houses at $150,000 apiece)</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Let’s look at our return 3 years out. With a 10% appreciation the properties are now worth $14,300,550.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">We have agent commissions to sell the properties of $858,033.00 (6% of 14,300,550) + $172,340 (86.67 closings @ $2,000 apiece) in closing cost to sell + we also incur an additional cost to prefect the titles of $260,010 (86.67 actions to clear title @ $3,000 apiece) for a total of $1,290,383 in expenses. Subtract out our $130,000 Tax lien investment and our 3 year profit is $12,880,167 or a return 990.79%.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Leverage my friend is the NUMBER ONE reason I concentrate on and invest in Tax Lien Certificates.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Now, let’s back up and look at the 3 year Tax Deed return again ($23,100 or a return of 17.769% on<span style="mso-spacerun:yes"> </span>$130,000.) That 17.769% isn’t an annual return, that’s the 3 year return. </span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;"><span style="mso-spacerun:yes"> </span>Louisiana allows an investor a return of at least 1% per month plus 5% penalty. In a 3 year Tax Debtor's redemption scenario that equals 41% or a return of $53,300 on our $130,000 investment. Now that 17.769% really starts to look weak in comparison.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;"><span style="mso-spacerun:yes"> </span>Considering I didn’t have to take possession of the property. Wash it, clean it, promote it, sell it, and negotiate with a realtor, a buyer, a title attorney. I didn’t have to do anything but go to the Tax Sale buy the property and let the sheriff send me my checks.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">How easy do you want it to get.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">I am not trying to dog Tax Deed sales. They can be great investments. And there are Tips and Techniques that you can use to make them a great deal better. I’ve bought them and continue to own them and will do so in the future. But in my humble opinion they can’t hold a candle to a Tax Lien certificate. </span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">A DISTRACTION….</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Today’s CD (Certificate of Deposit) APR is 2.65 on a 1 year CD and an APR of 3.25% on a 3 year CD. Why am I going to put money here? I won’t.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">DISTRACTION OVER….</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;"><o:p> </o:p></span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">IT”S TIME FOR YOU TO TAKE ACTION.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">Get on the phone and call your county Tax collector/ Sheriff or Assessor/Treasures and ask them</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">1.<span style="mso-spacerun:yes"> </span>When is the next Tax Sale?<span style="mso-spacerun:yes"> </span>How often are they held?</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">2.<span style="mso-spacerun:yes"> </span>Where is it held? On the court house steps? In the Council chambers? Where? Get a Time when the sale begins and location.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">3.<span style="mso-spacerun:yes"> </span>Where or how do I get a copy of the rules that they use to conduct the Sale. What method of payment is accepted? Do they take credit cards, etc? Do I need a form of Identification to register? Do I even need to register to bid?</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">4.<span style="mso-spacerun:yes"> </span>Where can I get a list of the properties that will be sold? Most of the time the advertisements are listed in some obscure little legal journal. Sometimes the Tax collector may offer a list and with the advent and popularity of the internet it is becoming more common to find a county list on line.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">5.<span style="mso-spacerun:yes"> </span>What happens to properties that aren’t sold to 3rd party purchasers? Let me be clear on this. There are always at least 2 parties to a tax sale. The tax debtor (the person or entity) that owes the taxes and the government (who the taxes are owed to). Anyone else that purchase at a tax sale is a 3rd party purchaser. You would probably be surprised at the number of properties that don’t get purchased or go unsold at a Tax Sale. The Question is what happens to these properties? In Louisiana they are acquired by the parish and usually offered for sale at a different time and in a different manner. ASK!</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">6.<span style="mso-spacerun:yes"> </span>Hopefully you live in a Tax Lien State. Ask what’s the interest rate and how is it calculate. What’s the redemption period and how does a tax debtor redeem?</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">7.<span style="mso-spacerun:yes"> </span>Most Important of all. Get the information you need. If the person on the other end isn’t helpful ask to speak with someone else. When you have located a helpful person remember them, Write their name down and ask for them when you have other questions. Introduce yourself to them when you attend the sale. I can’t stress enough, how helpful people in the tax collectors office can be.</span></b></span></p> <p class="MsoNormal"><span class="apple-style-span"><b><span style="Georgia","serif";font-family:";color:#333333;">You now have more information than I had 25+ years ago when I attended my first Tax Sale in Louisiana. Remember Tax Lien Investing Is extreamly Profitable but when it comes to Tax sale Secrets ...... There are no Secrets!</span></b></span></p> <p class="MsoNormal"><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-weight: bold;"><br /></span></p><p></p>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com5tag:blogger.com,1999:blog-2031000039452861480.post-14988439499320850802009-04-04T13:58:00.004-05:002009-05-25T18:26:20.975-05:00Tax sale...lets have a conversation<p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">So you’ve heard you can make truck loads of cash by investing in Tax Lien Certificates. Like most people, you have probably seen a late night infomercial, pitching programs that will show you how to buy a 200k house for 350 bucks. My God, the world must be full of fools paying thousands of dollars a month on a mortgage when you can buy the same house for 350. <o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">Well I hate to be the guy that tells you. But you can. Hell, $350.00 would even be considered expensive at some Tax Sales.<span style="mso-spacerun:yes"> </span>Does it happen all the time?<span style="mso-spacerun:yes"> </span>You bet, millions of times a year.<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">It’s just not quite the way they want you to believe. <o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">Flash back…..<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">Like most people that are young and ambitious I dreamed of working for myself and real estate seemed a mighty fine way to make a living. It was the early 80’s when Real Estate was crashing. The Resolution Trust Corp. (RTC) was taking over failed banks and there I was with a little bit of cash and a whole lot of desire. I started to make some decent money flipping houses and was investing profits in strip (zero coupons) bonds that were paying about 20% interest yearly. Just when I thought I had everything figured out, interest rates got sane. The 20 % strip bond return was gone and I needed another secure place to put money and a 3% CD wasn’t going to do it.<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">When one door closes another one opens. <span style="mso-spacerun:yes"> </span><o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">For some reason, ever since I was a little kid I’ve heard the term Tax Sale. Maybe because I grew up in a home with a mom and dad that were lawyers or maybe I was just a strange little kid. But the terms Tax sales and Tax liens were familiar. Since I have the capacity to add 2 plus 2 I figured this might be a good place to get a decent return on my money when the strip bonds dried up. So what did I do next?<span style="mso-spacerun:yes"> </span>Why of course, I ordered some bull shit course on Tax sale, Tax Lien and Tax Lien Certificate that I heard pitched god knows where. <span style="mso-spacerun:yes"> </span>When it came, I quickly realized it consisted of a couple of pages of<span style="mso-spacerun:yes"> </span>phone numbers and some bush league ideas and facts that weren’t worth the cost of a single call to<span style="mso-spacerun:yes"> </span>directory assistance much less the 75 bucks or so that I just pissed away. <o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">It wasn’t long after, I attended my first tax sale. I had a basic understanding of how the system worked by simply asking the Sheriff that conducted the sale what was what.<span style="mso-spacerun:yes"> </span>I bought about 10 Tax Lien Certificates that day. Spent about $1,500 and waited about 30 days for the sheriff to process and record my purchases. When they came in the mail I pretty much put them in a file and forgot about them.<span style="mso-spacerun:yes"> </span>The way I figured it. (Remember my figuring was based on my conversation with the sheriff that conducted the Tax sale) I was entitled to a 17 % annual interest rate and the tax debtor (the owner that didn’t pay) had three years to redeem (pay me what I paid + interest).<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">If you have figured out, that my first tax sale was in Louisiana… congrats.<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">I will never claim to be the sharpest pencil in the box. Looking back on that day when I purchased my first tax lien certificates I realize just how uninformed I was. But I made a decision to act. I knew a Tax lien had some value. I was just totally clueless about just how powerful those pieces of paper really were.<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">A short Sidebar……………(dramatic background music begins to play)<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">This is where I sell you on what this site is REALLY about. If you’ve surfed the web for 5 minutes you’ve seen the pitch.<span style="mso-spacerun:yes"> </span>It’s where I tell you I’ve reviewed all the Investing in Tax sale /Tax Lien programs. I know which ones really work and those that are trash. Out of the goodness of my heart I am going to steer you in the right direction. I am going to lead you to the great programs that will show you how to make a ton of money with little or no work. All you have to do is buy this magical program. I just happen to have a link that will take you to this very special secret place (Investing in Tax Sales Heaven) where you’ll never have to work another day in your life. A place where everyday people just like you move into their 200 thousand dollar home that they just purchase for 350 dollars. Pay no attention to that affiliate code attached to that magical link that just happens to be mine. <span style="mso-spacerun:yes"> </span>You certainly wouldn’t begrudge me a couple of dollars to show you all the answers.<span style="mso-spacerun:yes"> </span>Remember I protected you from all those rip off guys. Yep that’s the plan. It’s just too bad I haven’t found that magical program and I never had the dream growing up to be a piece of crap ripe off artist.<o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;"><o:p> </o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">What I am looking to do is have an honest discussion about investing in Tax Lien Certificates. I’ve got nothing to sell, pitch, cajole or ridicule you into buying.<span style="mso-spacerun:yes"> </span>Things that may have value I’ll be upfront about and I will never have a financial stake in what I may recommend.<span style="mso-spacerun:yes"> </span>With the exception of buying property at the Tax sale you don’t have to buy anything. All the information can be gotten from public documents, newspapers, courthouses, the internet and libraries. <o:p></o:p></span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">So what will I get?<span style="mso-spacerun:yes"> </span>Well believe it or not I probably get the better end of the deal. Some 25 odd years ago at that first tax sale I didn’t have a clue of just how much money could be made. But in my dealings over the years I learned a great deal. I’ve met some generous people who’ve shared their ideas with me.<span style="mso-spacerun:yes"> </span>Realizing that and knowing how thinking aloud about something can enable you to see things in a different light and spark a truly creative idea inspired me to create space. <span style="mso-spacerun:yes"> </span>Just consider this me thinking aloud with you in the room.</span></span></p> <p class="MsoNormal"><span class="apple-style-span"><span style="Georgia","serif"; font-family:";color:#333333;">Perhaps this post got into a ramble and off topic and if that’s true, I promise to get into some of the real substance of what’s involved in Tax Lien Investing in my next post.<o:p></o:p></span></span></p>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com2tag:blogger.com,1999:blog-2031000039452861480.post-43508652847070525152009-04-02T01:07:00.002-05:002009-04-02T01:11:45.334-05:00Tax Lien Investing<span class="Apple-style-span" style="color: rgb(51, 51, 51); font-weight: bold; line-height: 25px; ">Welcome to Tax Lien Investing. This site provides tips and techniques in order to make money with Tax Lien Certificate Investing. If you have questions not covered regarding Tax Sales or Tax Liens feel free to email your question.</span>Cocohttp://www.blogger.com/profile/10767821524404923871noreply@blogger.com1