"Shall I not have intelligence with the earth? Am I not partly leaves and vegetable mould myself."Henry David Thoreau
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A Remedial Course in Investing
Or, How We Discovered the Real Y2K By Carol Clark (ARA) - Was it really just a year ago that we were all running around trying to prevent computers from coming to a grinding halt on the first of January, and speculating about civil unrest and traffic jams ...
Investor Guide to Financial Health
Step 1: Spend less than you earnPerhaps the simplest financial concept is the toughest for us to conquer- spend less than you earn. After paying your living expenses (bills, loan and mortgage payments, cost of food, charitable contributions, taxes, etc), ...
Real Estate Investing-Starting Right Is Key to Profits
You've heard of the potential payoff from real estate investing. The good news is, it's true! The bad news is, it won't happen for most people. Why? They have unrealistic expectations. Real estate investing isn't a "get rich quick" endeavor, although ...
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Currently around half of the states offer tax lien certificates and the rest offer something called tax deeds or a combination of both tax liens and tax deeds.
In a tax deed state, you do not buy the lien, you are bidding on the actual property. If you are the winning bidder you will own the property outright. It's yours, and you can do whatever you want with it; renovate it, rent it, tear it down, live in it - it's yours. These properties will almost always come with a title that is free and clear of all liens and encumbrances and you probably paid somewhere in the neighborhood of 50 - 70% of market value. Which means, you could sell it tomorrow for 80% of market value.
How does a property in a tax deed state end up at auction?
If you've ever been late paying a bill you know that you get numerous notices of delinquency by mail or by telephone. Normally you have quite a bit of time before anything really bad happens. It is the same case when people go delinquent on their property taxes. When they miss a payment the county will to inform them and will "kindly" ask them to pay up. This continues for a while until the county finally says enough is enough, "if you don't pay up by this day you will lose your property." Coincidentally that day is usually the day before the auction is scheduled.
I want to point out that by investing in tax deeds you are in no way stealing anyone's home. These property owners have had every opportunity to repay the debt. The county will do everything in their power to avoid sending a property to auction and in many cases they wait 4 years or more before the property actually gets there.
Typically you will end up paying more for a tax deed then you would for a tax lien certificate but it is a different type of investing. In tax lien certificate investing you are looking for the guaranteed 8% - 50% return on your money with a chance at higher if you get to foreclose but you have no right to the property until the redemption period expires. In tax deed investing you are buying the property outright and you can do anything you want with it and there is potential for a huge return on your investment in a short amount of time but it does require more work on your behalf. It depends on your own personality and investment needs as to which type you choose.
Free Tax Lien Secrets
About the author:
Brad Olstad Tax Lien
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Invest in India? Patience will pay offCNNMoneyBy Ali Velshi @Money May 25, 2012: 5:09 AM ET The challenges and investing opportunities presented by India -- a country of 1.2 billion people -- are vast indeed. (MONEY Magazine) -- My great-grandfather left his little village in India more than a ...and more » |
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COLUMN-College investing the low-risk wayReutersSo I've been employing an investment strategy to try to make up the difference so that tuition doesn't sink my kids into a loathsome amount of debt. The basis of our plan is that we invest our college funds in an age-adjusted 529 college savings plan ... |
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