Comments for Tax Lien Certificates Online http://www.taxliencertificatesonline.com Tue, 28 Dec 2010 21:03:12 +0000 hourly 1 http://wordpress.org/?v=3.0.3 Comment on Where can I buy tax liens online? by klrklr50 http://www.taxliencertificatesonline.com/where-can-i-buy-tax-liens-online/comment-page-1/#comment-169 klrklr50 Tue, 28 Dec 2010 21:03:12 +0000 http://www.taxliencertificatesonline.com/where-can-i-buy-tax-liens-online/#comment-169 These guys update there list daily. http://buytaxliens.com You dont have to signup, the front page of the site shows list of Live auctions for tax lien certificates nationwide and include the current bids (a bunch of tax lien sales under $500.) Hope that helps... These guys update there list daily. http://buytaxliens.com

You dont have to signup, the front page of the site shows list of Live auctions for tax lien certificates nationwide and include the current bids (a bunch of tax lien sales under $500.) Hope that helps…

]]> Comment on Can you buy a house for tax sale before the actual auction? by efflandt http://www.taxliencertificatesonline.com/can-you-buy-a-house-for-tax-sale-before-the-actual-auction/comment-page-1/#comment-172 efflandt Tue, 28 Dec 2010 21:02:41 +0000 http://www.taxliencertificatesonline.com/can-you-buy-a-house-for-tax-sale-before-the-actual-auction/#comment-172 You could buy the property from the owner at whatever price they (or their lender) is willing to sell it for. But simply paying their taxes now would get you nothing (except maybe a thank you from the owner). You have to go through the tax sale process and follow all the rules if you want to acquire it that way. And then it is quite possible that you will just get your money back with interest if the owner or lender redeems the property (pays the tax and interest/penalties to not let it go for pennies on the dollar). You would have to check what procedures are in your state are required before you can actually get a deed to the property. You could buy the property from the owner at whatever price they (or their lender) is willing to sell it for. But simply paying their taxes now would get you nothing (except maybe a thank you from the owner).

You have to go through the tax sale process and follow all the rules if you want to acquire it that way. And then it is quite possible that you will just get your money back with interest if the owner or lender redeems the property (pays the tax and interest/penalties to not let it go for pennies on the dollar). You would have to check what procedures are in your state are required before you can actually get a deed to the property.

]]> Comment on Can you buy a house for tax sale before the actual auction? by Rudy http://www.taxliencertificatesonline.com/can-you-buy-a-house-for-tax-sale-before-the-actual-auction/comment-page-1/#comment-171 Rudy Tue, 28 Dec 2010 20:11:36 +0000 http://www.taxliencertificatesonline.com/can-you-buy-a-house-for-tax-sale-before-the-actual-auction/#comment-171 You could look up on the tax records and find the owner. Talk to them and see if you can buy it direct from them before the auction. As to how the auction works you need to look online and find the rules for your area. Some places it don't by sealed bits, and some places it a normal action. You could look up on the tax records and find the owner. Talk to them and see if you can buy it direct from them before the auction.

As to how the auction works you need to look online and find the rules for your area. Some places it don’t by sealed bits, and some places it a normal action.

]]> Comment on Where can I buy tax liens online? by Christopher B http://www.taxliencertificatesonline.com/where-can-i-buy-tax-liens-online/comment-page-1/#comment-168 Christopher B Tue, 28 Dec 2010 20:08:40 +0000 http://www.taxliencertificatesonline.com/where-can-i-buy-tax-liens-online/#comment-168 Tax sales are held by the county and are broken up into two different kind of sales: tax deeds, and tax liens. A lot of counties are doing tax sales through online auction houses. I know a few counties in California are using bid4assets.com. Check with the county in which you would like to make a purchase. Find out what the rules of sale are, and whether the winning bid gets a lien or a deed at auction. They will also tell you whether they do online auctions or not. Word of advice - do your due diligence on the rules, and on the properties you are looking to purchase liens on... as they say, buyer beware. Tax sales are held by the county and are broken up into two different kind of sales: tax deeds, and tax liens.

A lot of counties are doing tax sales through online auction houses. I know a few counties in California are using bid4assets.com.

Check with the county in which you would like to make a purchase. Find out what the rules of sale are, and whether the winning bid gets a lien or a deed at auction. They will also tell you whether they do online auctions or not.

Word of advice – do your due diligence on the rules, and on the properties you are looking to purchase liens on… as they say, buyer beware.

]]> Comment on Where to buy tax lien certificates and who to ask? by Tom C http://www.taxliencertificatesonline.com/where-to-buy-tax-lien-certificates-and-who-to-ask-2/comment-page-1/#comment-164 Tom C Tue, 28 Dec 2010 20:03:51 +0000 http://www.taxliencertificatesonline.com/where-to-buy-tax-lien-certificates-and-who-to-ask-2/#comment-164 Hello Daniel It's me answering your question again: Right question is not who to ask but what to ask. However, Who to ask: Treasurers, Tax collectors, County Administrators, Sheriffs office, Appraisal Districts... What to ask: What contuct the auction? What are the minimum bids? Where and when auction starts? Ask for exact time. and most important WHY are they selling tax liens? Daniel, my recommendation to you is http://www.taxliensecret.com all the questions you have asked are answered in details in that course, it is must read in my opinion. Hello Daniel It’s me answering your question again:

Right question is not who to ask but what to ask.

However,
Who to ask:
Treasurers,
Tax collectors,
County Administrators,
Sheriffs office,
Appraisal Districts…

What to ask:
What contuct the auction?
What are the minimum bids?
Where and when auction starts? Ask for exact time.
and most important WHY are they selling tax liens?

Daniel, my recommendation to you is http://www.taxliensecret.com all the questions you have asked are answered in details in that course, it is must read in my opinion.

]]> Comment on how good of an investment are tax lien certificates? by Real Estate Coaching Team http://www.taxliencertificatesonline.com/how-good-of-an-investment-are-tax-lien-certificates/comment-page-1/#comment-165 Real Estate Coaching Team Tue, 28 Dec 2010 19:38:31 +0000 http://www.taxliencertificatesonline.com/how-good-of-an-investment-are-tax-lien-certificates/#comment-165 They can bring in a good 18% on your money depending on the state the property is in but there are due diligence steps you will want to do as you would in any property. It is not a walk in the park but when you do find a property that brings in 18%, it can be a great investment strategy no doubt. As far as other good real estate investment strategies, I really like wholesale flipping due to little risk but my favorite strategy is to buy and hold for passive income. In my opinion, there is nothing cooler in real estate than getting checks every month that supersede your monthly expenses and living financially free. We just started a brand new group, come join us at : http://finance.groups.yahoo.com/group/RealEstateCoaching/ They can bring in a good 18% on your money depending on the state the property is in but there are due diligence steps you will want to do as you would in any property. It is not a walk in the park but when you do find a property that brings in 18%, it can be a great investment strategy no doubt.

As far as other good real estate investment strategies, I really like wholesale flipping due to little risk but my favorite strategy is to buy and hold for passive income. In my opinion, there is nothing cooler in real estate than getting checks every month that supersede your monthly expenses and living financially free.

We just started a brand new group, come join us at :
http://finance.groups.yahoo.com/group/RealEstateCoaching/

]]> Comment on I live in CA. I want to buy Tax Lien Certificate. Is there a way to buy it online? or please suggest..? by kalamidad http://www.taxliencertificatesonline.com/i-live-in-ca-i-want-to-buy-tax-lien-certificate-is-there-a-way-to-buy-it-online-or-please-suggest/comment-page-1/#comment-170 kalamidad Tue, 28 Dec 2010 19:35:16 +0000 http://www.taxliencertificatesonline.com/i-live-in-ca-i-want-to-buy-tax-lien-certificate-is-there-a-way-to-buy-it-online-or-please-suggest/#comment-170 Why would you want to buy a Tax Lien Certificate? IN fact what you are buying is the government's right to collect a debt. Contrary to Tax Lien Public Auction Sale where one buys property or title...or whatever interest the TP's has in the property. When one buys a Tax Lien Certificate in fact one is loaning money to the delinquent taxpayer to pay his/her delinquent taxes. Of course the above is just in a nut-shell. Try typing Tax Lien Certificates, I am sure there are tons of info on line. Good luck. Why would you want to buy a Tax Lien Certificate? IN fact what you are buying is the government’s right to collect a debt. Contrary to Tax Lien Public Auction Sale where one buys property or title…or whatever interest the TP’s has in the property. When one buys a Tax Lien Certificate in fact one is loaning money to the delinquent taxpayer to pay his/her delinquent taxes. Of course the above is just in a nut-shell. Try typing Tax Lien Certificates, I am sure there are tons of info on line. Good luck.

]]> Comment on How can I use self-directed IRA money to participate in internet auctions for tax-lien certificates? by Eggolas M http://www.taxliencertificatesonline.com/how-can-i-use-self-directed-ira-money-to-participate-in-internet-auctions-for-tax-lien-certificates-2/comment-page-1/#comment-167 Eggolas M Tue, 28 Dec 2010 19:23:43 +0000 http://www.taxliencertificatesonline.com/how-can-i-use-self-directed-ira-money-to-participate-in-internet-auctions-for-tax-lien-certificates-2/#comment-167 If you really want to do this, then I suggest that you begin by reading the available information very carefully. But yes, owning a tax lien certificate is not a prohibited transaction by itself: 14. In addition to real estate what investments can my IRA funded LLC purchase? Limited liability companies, real estate commercial and residential, commercial paper, tax lien certificates, promissory notes, corporate debt offerings, trust deeds/mortgages, commodities and futures, mutual funds, stocks, bonds, annuities, limited liability partnerships, hunt lease investments, race car investments, treasuries, bank CDs, timberland investments, currency exchange, timeshares, real estate options, and much more. So, according to this website, it's available to an IRA LLC. You have some reading to do. If you really want to do this, then I suggest that you begin by reading the available information very carefully.

But yes, owning a tax lien certificate is not a prohibited transaction by itself:

14. In addition to real estate what investments can my IRA funded LLC purchase?

Limited liability companies, real estate commercial and residential, commercial paper, tax lien certificates, promissory notes, corporate debt offerings, trust deeds/mortgages, commodities and futures, mutual funds, stocks, bonds, annuities, limited liability partnerships, hunt lease investments, race car investments, treasuries, bank CDs, timberland investments, currency exchange, timeshares, real estate options, and much more.

So, according to this website, it’s available to an IRA LLC.

You have some reading to do.

]]> Comment on How can I use self-directed IRA money to participate in internet auctions for tax-lien certificates? by Michael K http://www.taxliencertificatesonline.com/how-can-i-use-self-directed-ira-money-to-participate-in-internet-auctions-for-tax-lien-certificates-2/comment-page-1/#comment-166 Michael K Tue, 28 Dec 2010 19:22:28 +0000 http://www.taxliencertificatesonline.com/how-can-i-use-self-directed-ira-money-to-participate-in-internet-auctions-for-tax-lien-certificates-2/#comment-166 It's a bad idea to use IRA money for speculation in tax liens because withdrawls from the IRA are taxable as ordinary income plus a 10% penalty, and it would be difficult if not impossible to structure the payment for the tax certificate so it would not become a 'withdrawl'. Also, you can't borrow in an IRA so completing the transaction (i.e., obtaining a mortgage) would be in your name, not in the name of the custodian of the IRA. Also, the tax advantages of owning real estate (deduction of the mortgage interest) would be wasted in an IRA, which is already tax-exempt. The idea doesn't make much sense. It’s a bad idea to use IRA money for speculation in tax liens because withdrawls from the IRA are taxable as ordinary income plus a 10% penalty, and it would be difficult if not impossible to structure the payment for the tax certificate so it would not become a ‘withdrawl’. Also, you can’t borrow in an IRA so completing the transaction (i.e., obtaining a mortgage) would be in your name, not in the name of the custodian of the IRA. Also, the tax advantages of owning real estate (deduction of the mortgage interest) would be wasted in an IRA, which is already tax-exempt. The idea doesn’t make much sense.

]]> Comment on I Want To See Lists Of Tax Lien Certificates For Sale? by Sharinga http://www.taxliencertificatesonline.com/i-want-to-see-lists-of-tax-lien-certificates-for-sale/comment-page-1/#comment-94 Sharinga Sun, 28 Feb 2010 12:49:48 +0000 http://www.taxliencertificatesonline.com/i-want-to-see-lists-of-tax-lien-certificates-for-sale/#comment-94 visit your local tax accessor's office good luck :) visit your local tax accessor’s office
good luck :)

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