Tax Sale Solutions Acquires American Wealth Strategies
Tax Sale Solutions is proud to announce the launch of American Wealth Strategies LLC. Tax Lien investor training will always be at the heart of our fulfillment operations, but we are expanding our services to include Real Estate training and more. Acquiring wealth and growing any business requires more than just training. We firmly believe that making money is more about your mindset than your start up capital. We've seen students with every possible resource at their disposal fail because they lacked the mindset necessary for success. On the other hand, we 've watched students with the odds stacked against them succeed based on mindset alone. There are no shortcuts on the road to success. Wealth is something that must be earned by all who seek it. Wealth is also more than the total of one's assets. Wealth is as much about your habits and beliefs as it is about money. We wish to help those who are seeking true wealth, and not just money.
Self Directed IRA's and 401K's for returns of 15-25% with Tax Liens i 3
After working with thousands of tax lien and deed investors we
have noticed an increase in the students that would like to use
their retirement savings for investments. These students have the
motivation and desire to invest in the lucrative world of tax liens and
deeds, but may not have the initial capital to get started. Many of
these students simply want to increase their investment portfolio and
are tired of seeing minimal returns, and in some cases, losses.
Many students have money sitting in a 401K, 403B or a Tax Sheltered
Annuity generating a very limited return. They may have even set
up an IRA, but are not getting the full benefits and the returns they
desire. To understand how this works it is vital to first understand
what an IRA is and how it works:
IRA stands for Individual Retirement Account. A traditional IRA account is a tax deferred
account for personal retirement funds. The IRA account can grow tax deferred until withdrawn. IRA’s can be established for a tax yea401k can be transferred to a self directed account, but when done correctly it puts you in the financial driver’s seat.
There are many companies that set up these accounts. We don’t
recommend one over the other. You can find them through an internet
search engine or by calling the Tax Lien Hotline. We will give you a list
of companies that our students have previously worked with. Whatever
company you choose to set up your self directed IRA with will have
similar processes and requirements. We recommend checking into
several different companies to find the best rate and the company that
is easiest to work with. They will help you set up your account and
give you the guidelines pertaining to investing. You will also be given
a Tax Id number that will be connected to you IRA account.
"What Forms and Information will be required before
Investing?"
It depends on the custodian you are working with but most will ask for
the following:
• General account info, name, address, Tax ID number, etc.
• Description of the lien or deed.
• Amount of funds needed.
• Which county to make the check to.
• How funds are to be remitted.
have noticed an increase in the students that would like to use
their retirement savings for investments. These students have the
motivation and desire to invest in the lucrative world of tax liens and
deeds, but may not have the initial capital to get started. Many of
these students simply want to increase their investment portfolio and
are tired of seeing minimal returns, and in some cases, losses.
Many students have money sitting in a 401K, 403B or a Tax Sheltered
Annuity generating a very limited return. They may have even set
up an IRA, but are not getting the full benefits and the returns they
desire. To understand how this works it is vital to first understand
what an IRA is and how it works:
IRA stands for Individual Retirement Account. A traditional IRA account is a tax deferred
account for personal retirement funds. The IRA account can grow tax deferred until withdrawn. IRA’s can be established for a tax yea401k can be transferred to a self directed account, but when done correctly it puts you in the financial driver’s seat.
There are many companies that set up these accounts. We don’t
recommend one over the other. You can find them through an internet
search engine or by calling the Tax Lien Hotline. We will give you a list
of companies that our students have previously worked with. Whatever
company you choose to set up your self directed IRA with will have
similar processes and requirements. We recommend checking into
several different companies to find the best rate and the company that
is easiest to work with. They will help you set up your account and
give you the guidelines pertaining to investing. You will also be given
a Tax Id number that will be connected to you IRA account.
"What Forms and Information will be required before
Investing?"
It depends on the custodian you are working with but most will ask for
the following:
• General account info, name, address, Tax ID number, etc.
• Description of the lien or deed.
• Amount of funds needed.
• Which county to make the check to.
• How funds are to be remitted.
The History of Tax Liens and Deeds
It is widely known that the forefathers of this country made the treacherous journey to American
to escape the government rule of several European countries. Along with religious freedom, they sought to escape a tax system that provided taxpayers with very little protection. In England three hundred years ago, a property owner that was delinquent in paying their property taxes would most likely lose the property altogether. People were thrown into jail for not paying their taxes all of the time. Our current tax system was implemented early in the history of the country. The system’s objective was to enforce property taxes in an effective manner while still offering property owners a fair chance to settle their debts.
Today property owners are given a grace period following the date taxes are due. This grace period is referred to as the redemption period, or time in which the property owner may redeem all property rights and remove the impending lien. The duration of the grace period is set by state statute, and ranges from 3 months to 4 years. Most property owners have three to five years without paying their property taxes before losing a property.
The Tax Lien and Deed systems in use today are a testament to the great thought and planning that went into the fair collection of property taxes. They were determined not to repeat their past experiences with taxation without representation.
Today, property owners enjoy the peace of mind that if they are late paying their property taxes they won't be sent immediately to jail or lose their property to Foreclosure.
to escape the government rule of several European countries. Along with religious freedom, they sought to escape a tax system that provided taxpayers with very little protection. In England three hundred years ago, a property owner that was delinquent in paying their property taxes would most likely lose the property altogether. People were thrown into jail for not paying their taxes all of the time. Our current tax system was implemented early in the history of the country. The system’s objective was to enforce property taxes in an effective manner while still offering property owners a fair chance to settle their debts.
Today property owners are given a grace period following the date taxes are due. This grace period is referred to as the redemption period, or time in which the property owner may redeem all property rights and remove the impending lien. The duration of the grace period is set by state statute, and ranges from 3 months to 4 years. Most property owners have three to five years without paying their property taxes before losing a property.
The Tax Lien and Deed systems in use today are a testament to the great thought and planning that went into the fair collection of property taxes. They were determined not to repeat their past experiences with taxation without representation.
Today, property owners enjoy the peace of mind that if they are late paying their property taxes they won't be sent immediately to jail or lose their property to Foreclosure.
The New Foreclosure Opportunity
Foreclosures have been hot topic for real estate investors for years and they’re typically the first place new real estate investors look when they wish to get started. With so much publicity and competition is it still possible to make money investing in Foreclosures? The short answer is an emphatic “YES”. There will always be money in Real Estate Foreclosures.
This is important because it is the basis for one of the best real estate opportunities on the market today. Imagine the opportunity to foreclose on tens of thousands of properties for less than 20% of their market value. Imagine a wealth of opportunities held back by their location and accessibility.
Tax Lien Foreclosures
Counties need a source of revenue. The number of services the county government provides might surprise you. Services such as Police and Fire Departments, public education, road construction and maintenance, and the county government itself. Property taxes are the county’s primary source of revenue. We’ve established the importance of the services the county provides with these funds, as well as the steady funding most of them require. The county must have a way of enforcing property taxes. Consider the effects delinquent property taxes could have if not collected.
Depending on the size and population of any given city annual expenditures are likely to be in the millions or billions of dollars. Each state government has statutes and laws regarding the collection of property taxes.
Property Taxes are enforced through Tax Liens and Tax Deeds. A tax lien is a claim made by the County Government against a property within county boundaries due to delinquent property taxes. This claim prevents the property from being sold until the delinquent taxes have been paid. The lien itself is sold at public auction to local investors.
Is it possible to pay your taxes late and not pay some kind of penalty?
Delinquent taxes always have some kind of penalty attached to them. The individuals that purchase tax liens are guaranteed a set rate of return when they purchase the lien. In order to remove the impending lien against his or her property, the property owner must pay all delinquent taxes, penalties and fees.
Upon receiving payment in full the county will cut a check to the lien holder for their initial investment plus the total rate of return accrued to that point. It benefits counties to sell as many liens and deeds as possible. Many counties have had no choice but to sell liens and deeds directly to the public following the sale due to a low turn out for the annual tax sales. It’s not uncommon for counties to have more than 5000 liens or deeds available for a sale, but begin the bidding with less than 20 bidders in the room. In the past there have been far more delinquent taxes than investors in attendance to purchase them in many counties.
This has created a back log of liens which have sat on the books for years. The Redemption period for a lien begins on the day the lien is offered at the annual sale, whether the lien sells or not. This means that liens can be purchased directly from the county with a shorter redemption period than the county's standard time. It's actually possible in many counties to purchase liens that are beyond the redemption period and eligible for Foreclosure immediately after being purchased.
What does all of this mean?
The internet has made small counties just as accessible as large counties, regardless of location. There are literally thousands of opportunities to Foreclosure on properties that are eligible for foreclosure right now.
This is important because it is the basis for one of the best real estate opportunities on the market today. Imagine the opportunity to foreclose on tens of thousands of properties for less than 20% of their market value. Imagine a wealth of opportunities held back by their location and accessibility.
Tax Lien Foreclosures
Counties need a source of revenue. The number of services the county government provides might surprise you. Services such as Police and Fire Departments, public education, road construction and maintenance, and the county government itself. Property taxes are the county’s primary source of revenue. We’ve established the importance of the services the county provides with these funds, as well as the steady funding most of them require. The county must have a way of enforcing property taxes. Consider the effects delinquent property taxes could have if not collected.
Depending on the size and population of any given city annual expenditures are likely to be in the millions or billions of dollars. Each state government has statutes and laws regarding the collection of property taxes.
Property Taxes are enforced through Tax Liens and Tax Deeds. A tax lien is a claim made by the County Government against a property within county boundaries due to delinquent property taxes. This claim prevents the property from being sold until the delinquent taxes have been paid. The lien itself is sold at public auction to local investors.
Is it possible to pay your taxes late and not pay some kind of penalty?
Delinquent taxes always have some kind of penalty attached to them. The individuals that purchase tax liens are guaranteed a set rate of return when they purchase the lien. In order to remove the impending lien against his or her property, the property owner must pay all delinquent taxes, penalties and fees.
Upon receiving payment in full the county will cut a check to the lien holder for their initial investment plus the total rate of return accrued to that point. It benefits counties to sell as many liens and deeds as possible. Many counties have had no choice but to sell liens and deeds directly to the public following the sale due to a low turn out for the annual tax sales. It’s not uncommon for counties to have more than 5000 liens or deeds available for a sale, but begin the bidding with less than 20 bidders in the room. In the past there have been far more delinquent taxes than investors in attendance to purchase them in many counties.
This has created a back log of liens which have sat on the books for years. The Redemption period for a lien begins on the day the lien is offered at the annual sale, whether the lien sells or not. This means that liens can be purchased directly from the county with a shorter redemption period than the county's standard time. It's actually possible in many counties to purchase liens that are beyond the redemption period and eligible for Foreclosure immediately after being purchased.
What does all of this mean?
The internet has made small counties just as accessible as large counties, regardless of location. There are literally thousands of opportunities to Foreclosure on properties that are eligible for foreclosure right now.
Earning a high rate of return with Tax Lien investing
Investing in Tax Liens to earn a high rate of return is perhaps the easiest strategy to pursue safely. The core concept to keep in mind is that no one wants to lose money or property. The higher the value, the less likely the property owner is to allow the property to be foreclosed on. The security of your investment is directly related to the value of the property the lien has been placed against. Who in their right mind would allow a property to be lost to foreclosure because of $4000 worth of delinquent property taxes?
What if the property has a mortgage? Financial lenders would be the last to knowingly allow a property to go to foreclosure. If a property goes to foreclosure, they lose any collateral they had on the mortgage loan they issued. Without the property the lender stands little chance of having the loan paid off. If they have been unaware of the debt throughout the redemption period, it will be brought to their attention when the foreclosure process begins. Foreclosure involves a time in which all parties with a vested interest in the property are notified about the outstanding debt.
For more free training go to http://secretsoftaxlieninvesting.com/
What if the property has a mortgage? Financial lenders would be the last to knowingly allow a property to go to foreclosure. If a property goes to foreclosure, they lose any collateral they had on the mortgage loan they issued. Without the property the lender stands little chance of having the loan paid off. If they have been unaware of the debt throughout the redemption period, it will be brought to their attention when the foreclosure process begins. Foreclosure involves a time in which all parties with a vested interest in the property are notified about the outstanding debt.
For more free training go to http://secretsoftaxlieninvesting.com/
Download your FREE Tax Lien ebook: http://secretsoftaxlieninvesting.com/
One aspect of Tax Lien investing that many investors are not familiar with is how the redemption period passes on liens that weren’t bought at the auction. The redemption period on a Tax Lien is the time a property owner has to pay the delinquent amount before the lien holder can exercise foreclosure rights. The redemption period in most counties ranges from 6 months to 4 years. This means that if you buy a lien from the county auction, the redemption period is the time in which the property owner can pay the delinquent taxes to have the lien removed. If the property fails to pay, the lien that you hold gives you the right to initiate the foreclosure process. The redemption period on a Tax Lien continues to pass whether the lien is bought at the sale or not. Why is this important? Because it is possible to buy liens directly from the county that are already eligible for foreclosure. Never before have there been so many opportunities for Tax Lien investors. The internet has revolutionized Tax Lien investing. What used to require extensive travel and onsite research in county records offices can now be done in just a few minutes online. You’re getting started at what is the most opportunity rich period of time in American history.
One aspect of Tax Lien investing that many investors are not familiar with is how the redemption period passes on liens that weren’t bought at the auction. The redemption period on a Tax Lien is the time a property owner has to pay the delinquent amount before the lien holder can exercise foreclosure rights. The redemption period in most counties ranges from 6 months to 4 years. This means that if you buy a lien from the county auction, the redemption period is the time in which the property owner can pay the delinquent taxes to have the lien removed. If the property fails to pay, the lien that you hold gives you the right to initiate the foreclosure process. The redemption period on a Tax Lien continues to pass whether the lien is bought at the sale or not. Why is this important? Because it is possible to buy liens directly from the county that are already eligible for foreclosure. Never before have there been so many opportunities for Tax Lien investors. The internet has revolutionized Tax Lien investing. What used to require extensive travel and onsite research in county records offices can now be done in just a few minutes online. You’re getting started at what is the most opportunity rich period of time in American history.
Over the Counter Tax Lien Investing
http://secretsoftaxlieninvesting.com/
Tax liens can generate higher returns than almost any other secured investment. Tax liens can generate returns between 8 and 24 percent per year with minimal risks. Many states allow you to purchase tax liens directly from the county. This is often referred to a“over the counter” investing. Over the counter investing allows you to conduct research from the comfort of your home. It also provides you with the necessary time to conduct the proper due diligence and research.
Over the Counter Tax Lien investing is ideal for the investor that would like to work from home. It also creates additional opportunities for investors to purchase liens that are nearing or past the set redemption period. You could completely focus your efforts on property acquisition through Over the Counter Tax Liens. You could also buy Over Counter liens to make a high rate of return. The most likely outcome for a lien depends on which property the lien has been placed against. Some have a higher likelihood of redeeming while others have a better chance of going to foreclosure.
Click Here for a FREE Tax Lien ebook!
A world in constant change...
People are getting smarter. Sales pitches that probably brought home the bacon 10 years ago sound cheesy and rehearsed today. As consumers become increasingly intelligent and experienced, so too do their expectations. This is a good thing. It means higher quality products and services. Cell phone companies that gouged the public for years are nearing levels of saturation now, and they will be forced to provide better service and rates because of it.
Tax Lien and Deed Training has experienced the same type of growth. Knowing this, I put an enormous amount of time into the training's that we offer. Our training's are good because we genuinely care about and enjoy what we're doing. We like Tax Liens and Deeds. Beware of those without passion in what they do, especially when they are in a position of teaching. There was nothing more obnoxious in public school than a teacher with no passion for their job. If you're in the process of learning about Tax Liens and Deeds, save yourself time and confusion by choosing a teacher with passion for what he or she teaches.
Selecting an Investment Strategy
It is a general misconception that Tax Lien and Deed investing consists of one primary investment objective. Many become involved because they have heard that they can acquire property for pennies on the dollar. Others become interested in a high rate of return on a secure investment. Much of the confusion can be attributed to the many marketers and promoters out there that attempt to lure people into their databases with catchy sales lines. The fact is that Tax Liens and Deeds are an incredibly diverse investment strategy. The approach you take as an investor will greatly affect the likely outcome of your investment. Those who wish to acquire property may do so through Tax Liens or Tax Deeds. Properties are acquired for 10% to 30% of their market value all of the time in states and counties across the U.S. However, there are also millions of Tax Liens out there paying, or ready to pay investors returns ranging from 10% to 30% or more. What's even more intriguing is that they can do so with nearly zero risk. Between these two common outcomes are a number of strategies that all require different levels of resources and dedication. From the individual with next to no time, to the full time investor, Tax Liens and Deeds have something to offer everyone.
Also, be sure to watch my latest training videos on youtube. Click the link below to view our websites or the youtube video.
County Websites: electronic OPEN signs for investors everywhere
It's hard to believe that just 15 years ago, the electronic world we know today didn't exist. While this has affected every aspect of our lives, lets specifically look at how it has affected counties, Tax Liens and Tax Deeds across the country.
Tax Liens (and Deeds) have always been an enforcement model for delinquent property taxes. What has changed recently is your average county's ability to sell liens. How has this changed. In the past, the only way that counties could sell liens was for local investors and the occasional out of state investor to purchase them. For some counties this approach worked well, but for others it failed miserably. Counties that were located in real estate hot spots, or in states that offered the highest returns could often draw a small group of locals, as well as financial institutions and out of state investors. Between them all, many counties could sell most of their liens every year. However, for every county that had a successful showing there were 10 more that had a mediocre turn out at best. Imagine counties with more than 5,000 liens available starting their Tax Sales with less then 20 people in the room (including county officials). This was a scenario that played out every year for decades.
So how has the new electronic age changed all of this? Two words, county websites.
County websites are being created and updated daily. Counties that couldn't reach investors in other parts of the country have now turned on their electronic OPEN signs and provided the same information investor had to do hours of on-site research to obtain just 5 years ago. Every county has the ability to sell their liens and deeds now and that equals more revenue for the county. As a result of this, counties that have been historically difficult to work with for Tax Lien investors have changed their tune.
If you're just getting started as a Tax Lien investor, or if you're new to the online aspects of investing, these are most important features to look for on a county website:
1. Look for information about delinquent property taxes or liens on the front page of the County Treasurer's or Tax Collector's web page. Sometimes the information you're looking for can be found on the home page of the county website. It's a good sign that they're going to be helpful.
2. Very Important! Look for a property records search tool on the website. What good is finding a Tax Sale list if you can't take parcel numbers and research the lien or the deed? Record search features are the single greatest tool for online investors.
3. Once you locate a records search feature, look for pictures of the parcels. Some counties have pictures of every parcel right on the county website. It doesn't get much easier than this.
Remember, if you're investing in liens you're not trying to figure out exactly what a property is worth. You're only interested in securing your investment by selecting liens that have been placed on properties that have value.
Ask yourself this question with every lien that you research, " Is the property owner going to redeem this property because of its value, or let it go to foreclosure because it has no use or value. " The answer to that question will tell you whether the lien offers a high level of security, or a higher chance of going to foreclosure.
Working in the same county every year...
The number one objective I have when I train students in any setting is to simplify the process. Anything that I can do to make it easier for students to learn Tax Lien and Deed investing is helpful and of value. Many students become frustrated early on with their training because they begin to get the feeling that Tax Lien investing has to be time consuming.
However, Tax Lien investing doesn't need to be time consuming at all. Much of the time required depends on the strategy that you utilize. It also depends on the county that you are investing in. I always recommend students find counties that make investing simple and stick with those counties. An example of how counties can save you valuable time is with second year liens. Let's say that you attended an auction and purchased some Tax Liens from a sale in a state neighboring your own. If the liens that you purchased are first year liens, some may redeem and some may not. For the liens that don't redeem, chances are that the property owner still isn't paying their property taxes. This means that there is a high chance that the county will issue another lien against the property. This new lien is a second year lien to your first year lien. Many counties will contact you prior to the sale to offer you the second year lien. It's a good idea to purchase this lien because you would be forced to pay it off if you were attempting to foreclose on the property. Foreclosure requires all delinquent taxes be paid before the process may be complete. Often times smaller counties that you invest in regularly will accept personal checks.
This same concept works well with Over the Counter Tax Lien investing. Some counties have thousands of liens available Over the Counter. If you can find a few good investments in a relatively short period of time, chances are there are more. Working in the same county over and over again can save you a lot time in the long run.
naco.org... a website every Tax Lien investor should use...
This might be old news to some of you, but if it's not... it's going to be the greatest thing since sliced bread. Naco.org stands for the National Association of Counties. This site is incredibly helpful for Tax Lien investors that are involved with internet based investing. Go to: www.naco.org
Once logged onto the website, click on the top left tab titled "About Counties". Once the drop box opens under the "About Counties" tab you will see a link for "Find a County". After clicking on the link you will be directed to page with a color coordinated map of the U.S.
Clicking on any state will take you to the contact information and county website for every county in the state. You will also find helpful information such as county population and the number of square miles in each county. This information is very helpful in determining how many liens a county might have. The higher the population, the bigger the Tax Lien sale. Each county name is also a link that takes you to a more detailed profile of the specified county.
At this point you are one click away from the county website if it exists. The county name once again acts as a link directly to the county website.
This is the easiest way to browse county websites across the country. I tend to focus on counties with record searches available online due to how easy it makes the Tax Lien research. Until tomorrow...
The Tax Lien Specialist
Internet based Tax Lien investing...a whole new world
I've been involved with Tax Liens for the last 7 years. When I started with Tax Liens 7 years ago I had to travel extensively and dedicate a lot of time to things like form letters to counties and on site research. It really took iron clad dedication. It was easy to see why Tax Liens weren't a mainstream investment, even though they earned great returns and were virtually free of any risk.
How times have changed......
What used to take all of that time to buy Tax Liens and Deeds can now be done in a few minutes on the internet. From what I can tell the number of Tax Liens and Deeds available online is more than twice what it was last year. Counties keep making it easier and easier to research specific parcels of land online. This means that everything you need to know to purchase a Lien or Deed can be found on the county website. This works incredibly well for normal pre-auction research and for Over the Counter purchases. You can check out the link below for more information, or you can check back on this blog that I will be updating daily with tips, major announcements and general Tax Lien and Deed strategies.
Until tomorrow......
The Tax Lien Specialist
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