Real Estate Investing (14)
County tax sale and you are a duo that can be dynamite! The two together can bring music to the ears and money to the pocket. What a great way to spend your time. Investing in properties can be the savvy investor’s dream but it can also be the first time investor’s dream. How does one go about participating in the county tax sale? There are many different options but the main two that we will talk about today are the online auctions and the live auctions telling all about the county tax sale and you! First we will start with the online auctions. There are more and more online auctions every day as the world and modern technology are evolving. When a county has decided to have an online auction you will go to the online auction site where you can find a place to register and access the listings of what is going to be available. The time of the auction and any pertinent information will be available to you online as well. One of the things that is required from the county tax sale and you with the online action is an ACH or (automated clearing house) access of funding. The money gets taken directly from the account that you set up with the auction hosting website. If you are the winning bidder then you are expected to pay the difference, if any, directly after the auction is over. If you are purchasing a tax deed then the money will be considerably more than a tax lien, however both can be very lucrative. The convenience of the online ability makes the county tax sale and you great companions. Next we have the live auctions. This is where you will go to the county courthouse where an auctioneer hosts the auction. Next you register and then get a bidder number. You will then be seated amongst other bidders and then one by one each parcel is read aloud and the highest bidder wins the parcel, which is another word for property. This can either be a tax lien or a tax deed depending on the type of auction you are attending. The winner takes all and it can be fun and rewarding at the same time. Make sure that you have done your research and are prepared and know what price you want to offer or what percentage of interest you would be willing to accept. The county tax sale and you can go hand in hand to any auction be it online or live!
How to invest in tax liens and tax deeds with the world of today's economy is a very easy and fun way to make money. You might even end up with a property or two before you know it. There are many things that you can do to invest your money but you can not get a government guaranteed percentage of interest backed up by a property unless you learn how to invest in tax liens and tax deeds. Every year property taxes come around and every year there are those that do not pay them. What happens to those that do not pay their taxes? Well, the Government is helpful in allowing a property owner to hold onto their home for a period of time referred to as a redemption period. This allows a homeowner to keep their home a little longer while finding the means to pay off their taxes thus keeping their home. Knowing how to invest in tax liens and tax deeds will allow an investor to make a decent amount of interest on his income. A person can invest in these property taxes, called tax liens or redeemable deeds and make anywhere from 16-50% in interest on the money he invests. When the homeowner pays off his taxes he must pay off the initial investment plus the percentage of interest required by state mandate in order to redeem his home. There are some states, however, that do not sell the back taxes to investors. These are the states that have much longer than a year or the allotted redemption period to come up with the back taxes. These states sell tax deeds. The tax deeds are 5 years delinquent when a home is on the parcel and 3-5 years if it is agricultural or platted land. The state feels that the owner has had enough time to come up with the delinquent money. Now the land, home or both are going to be sold as is to the highest bidder. You can see that the knowledge of how to invest in tax liens and tax deeds can become very profitable for investors, or any person that wants to get ahead. The important thing to watch for when investing in these types of properties is the auctions. The auctions will come around every year at specific times and that is when you will have your chance to learn how to invest in tax liens and tax deeds. The first time you go to an auction should be a dry run, or just for learning purposes. You can, however, if you feel comfortable enough, participate. There are many different types of auctions but all delinquent properties are sold at one. You can follow the auctions through out the year and find different states to work in every month. This is a great way to get ahead in this economy's downfall we have been experiencing. When you know how to invest in tax liens and tax deeds you will be able to deter and offset some of the cost of rising inflation and we can all use a little of that. You know how the saying goes, "work smarter not harder."
When I was first introduced to tax liens and tax deeds many years ago, I learned something very quickly; finding quality tax lien and tax deed information is quite difficult. I got a job as a support agent for a company that trained thousands of real estate investors in many different strategies and I was a tax lien expert. No Risk Investor didn't exist back then so all the manual work had to be done by each individual and it wasn't very fun. In fact no only did No Risk Investor not exist, but most counties didn't have websites. Along with a friend that I taught about the strategy, we started calling county after county to get information and lists of tax liens and deeds. It was time consuming and at times very frustrating. If you've read my past posts, then you know that working with county workers and trying to chase information down by phone can be difficult. I worked with that company for a long time and helped train countless investors, both advanced and beginning, in tax lien investing. I spent time on the phones, on the road, and at the county with students. It was a lot of fun, but through the years I always had one major thought; THERE HAS TO BE A BETTER WAY. Having the entrepreneurial spirit I decided to make it happen since I couldn't find what all my students and I were looking for. The point was that in order to make this investment strategy more appealing and functional was to provide tools and resources necessary. I wanted calendars, tax lien lists, tax deed lists, up-to-date information and education, online auctions, and properties. I knew how incredible the strategy was because I could make high returns and get cheap properties, but I also knew how difficult it was. So No Risk Investor was born. I built a system for other investors with everything that I wanted as an investor. And it turned out to be a hit. The latest tool that we have built to make it even simpler is the investor toolbar. It should be released soon and will be a free add-on to your browser. It will have many of the tools and resources that investors need when browsing properties online. Features include property evaluation, property search, real estate forms, statistics, credit information, indexes, featured properties from No Risk Investor, and much more. Check back later for its free release. No Risk Investor is the most trusted resource for tax lien and tax deed investing. Investors all over the world have joined the ranks of tax lien and deed investors using No Risk Investor's simple resources to make money in tax liens and tax deeds. No other source provides as many quality lists and tools to help investors quickly find great investments that will return 16% - 50% every year.
When becoming a real estate estate investor many things have to change. The most important of all changes is the way you think about money. The average consuming American looks at an item or price point for any object and thinks, "Can I afford this?" That is the wrong way to look at the price of a deal. If you think about prices according to whether or not you can afford them then you will never be able to afford them. Does this mean you should buy anything you want? No, you're smarter than that. When looking at a potential real estate deal or property you should ask yourself, "What am I going to get for this?" If what you're going to get is good enough then you'll figure out a way to afford it. For example, imagine examining a real estate deal and the property costs $5k. Are you asking if you can afford $5k? You shouldn't be. Rather, what are you going to get for your $5k? In this example, the property is a single family residential home in good condition and its current BPO is $62,000. So what you're going to get for your $5k is a good property valued at $62,000. You could probably turn around and sell that real estate property for half of its value and make a fast, healthy profit. That's a good deal. You better find a way to make that deal happen. $5k to $30k. $25k profit! I have a friend that tells a story that is a good illustration of this point. He has a son that is very fast. Fast enough to make him think that his son could probably go places with his skill. But my friend didn't know anything about training his son in the art of speed so he sought professional help. He found the best trainer in his area and hired him for two years. Over that two year period he spent over $50,000 on this trainer. Do you think it was worth it? Could he afford it? My friend told me the other day that this son had been recruited all over the country to run in college. He could choose to go to school wherever he wanted on a full athletic scholarship. My friend calculates that over the next four years his son will receive over $400k in attention. His son will get new shoes after every meet, a personal masseuse, a personal trainer, supplements, tuition, books, housing, food, etc. It was worth it. Don't think about whether or not you can afford a real estate deal. Examine the numbers and what you will get when the deal is complete, and then, if the deal is worth it, find a way to make it happen. On this website, we offer deals to our members just like the example above. We also offer no interest financing. There's no better deal than that. No Risk Investor is the ultimate resource and tool for tax lien, tax deed, and real estate investors all over the world. No Risk Investor takes incredible pride in its ability to help students take action, get into properties, and begin the journey to financial freedom. No Risk Investor provides county lists, property lists, online auction lists, comprehensive training and education, an auction calendar, and online auction center, an investor community and much more for its members.
Wednesday, 06 May 2009 22:20 Written by Eddie Stewart
John Beck has been one of the most successful infomercials of all time. The industry of investment education has long been plagued by companies and individuals who rob and steal from students. They have perfected the art of getting people emotionally caught up in the sale. We often buy things because of our emotions and that's perfectly all right. What's not all right is selling something that doesn't exist. In the past I've worked with many of these companies as a consultant; my goal was to improve their products and services to better fulfill what their salespeople were saying. After learning that these companies ultimately didn't care I decided to go out on my own and do it correctly. No Risk Investor was born. In many peoples' eyes, John Beck has been the epitome of companies that don't care for their students' success. He has produced the most successful infomercial in history, but by doing so he has left thousands of people broke and alone while creating personal success. His coaching and workshop programs are fair but the way he sells his program has been under heavy criticism for a long time. Just the other day he was exposed John Beck "Free and Clear" on Inside Edition. Here at No Risk Investor we are very concerned for our students and their success. We were once students as well. We know how intimidating it is to start a new investing strategy, especially if you've never invested before. We know the attention needed as an individual student to become successful. We don't support selling a pipe dream or encourage a "get rich quick" mentality. Although creating wealth through these strategies is possible and has been over and over again we know it won't happen for every single student. That's just reality. We can control the help we give but we can't control who gets off the couch and uses the help. We support a strategy we call "get rich steady." Invest with long-term goals in mind and take action. No Risk Investor is the ultimate resource and tool for investing in tax liens, tax deeds, and real estate strategies for investors around the world. No Risk Investor takes incredible pride in its ability to help students take action, get into properties, and begin the journey to financial freedom. No Risk Investor provides county lists, property lists, online auction lists, comprehensive training and education, an auction calendar, and online auction center, an investor community and much more for its members.
As more and more people lose their jobs and are left helpless and struggling we look for relief. There are thousands of people making incredible money as real estate investors and it's been made very public. Through TV shows like Flip that House, Flip this House, Million Dollar Listing, and The Real Estate Pros the secret is out. There is plenty of money in real estate for all of us to make money. Becoming a real estate investor is a little bit trickier, though. It takes a few things to get started: · Knowledge In order to become a real estate investor it takes knowledge of possible strategies and strategy execution. What are my options and how do I do it? · Mindset Becoming a real estate investor requires a different mindset than the average American. In order to be successful you have to think like an investor rather than a consumer. We've touched on it in other blogs but here we go again. You can't ask, "How much will it cost?" or "Can I afford it?" As an investor you have to ask, "What will I get for my initial investment?" It takes money to make money · Attitude In order to become a successful real estate investor you have to have an attitude of diligence and positivity. It's a new thing to you and you will run into tough obstacles. If you are the kind of person to dodge obstacles or quit then you're likely to fail. · Experienced Help It is very difficult to teach yourself how to do anything. Imagine getting into a cockpit of a plane and trying to take off. I have no idea how to do that. I might be able to figure it out but I'm not willing to risk my life. Most wise investors aren't willing to risk their own money or someone's else's money unless there is someone involved that knows exactly how to make money with the strategy and has done it before. It's not difficult to become a real estate investor. Anyone can do it after making some mental adjustments and applying themselves. Congratulations on researching and taking that first crucial step. No Risk Investor is the ultimate resource and tool for investing in tax liens, tax deeds, and real estate strategies for investors all over the world. No Risk Investor takes incredible pride in its ability to help students take action, get into properties, and begin the journey to financial freedom. No Risk Investor provides county lists, property lists, online auction lists, comprehensive training and education, an auction calendar, and online auction center, an investor community and much more for its members.
For so long the words "flipping real estate" or "flipping homes" has had a negative connotation. Even if your grandma thought it was bad to flip real estate we're here to say it is not bad at all. It is a phenomenal opportunity if you do it right. All you are doing is buying a home and then reselling it. You'll pay your taxes and the government will love you for it. The key in today's market is to buy low and sell low. The days of buying low and selling at market value are gone and may not be back ever. But are you okay with buying a $20,000 property for $5,000 and selling it for $10,000 a week later? You made $5,000 in a week. What if you flipped real estate like that a few times a month? That's pretty good supplemental income. I have a friend named Armando Montelongo. He has a show called Flip that House and he has flipped more than 30 properties in a month. (Don't be fooled by his rough appearance on the show, he's actually a very nice guy.) Then you're not making supplement income anymore. You're quitting your job and making quick flips in real estate your primary focus. If you buy the property at the right price then making quick flips on your real estate is relatively easy. Tax deed sales and investing in tax deeds is an incredible way to flip real estate quickly. Tax deeds allow investors to buy properties for pennies on the dollar making it possible to make quick flips. If you buy the property near market value, then your margins and options are thin and few. When you're buying foreclosures or preforeclosures the banks are trying to get as much money out of the property as possible. When buying tax deeds you're buying from the county and the county is just trying to recoup delinquent taxes plus any costs they have incurred to foreclose. Tax deed investing is not a bad deal at all. It makes quick flips in real estate possible in this difficult economy. No Risk Investor is the ultimate resource and tool for investing in tax liens, tax deeds, and real estate strategies for investors all over the world. No Risk Investor takes incredible pride in its ability to help students take action, get into properties, and begin the journey to financial freedom. No Risk Investor provides county lists, property lists, online auction lists, comprehensive training and education, an auction calendar, and online auction center, an investor community and much more for its members.