Prepare Against IRS Tax Liens

By dhinternational  /  June 11, 2013 / Comments Off on Prepare Against IRS Tax Liens

Prepare Against IRS Tax LiensOwing the IRS a tax debt can be a very troublesome experience, even before they take action against you. And once you are going to receive letters of notices of tax debt from them, you need to do something about it right away.

The IRS is very aggressive when it comes to tax collection. You must know this by now. This is why you must take care of your tax debt without second thoughts. Take note that they send out three notices. When you get the third one, it means your time is up. The third letter demand payments from you. If you do not pay attention to it, the IRS would put a tax lien on your credit.

Put in mind that an IRS tax lien totally messes up your credit. It would leave a mark on your credit report, and you must pay your tax debt in order to remove it. Furthermore, a lien on your property means that it would be sold at a tax sale, in order for the IRS to collect the lost revenues from you. Real estate investors are going to attend the auction of tax sale properties. Then, a tax lien certificate is going to be given to the investor who wins the bidding of your property. You would then pay him for the back taxes owed plus interest and fees.

Prepare yourself against IRS tax liens. As much as possible, pay your taxes on time. Also, do not ignore their letters if ever you receive one.

The Convenience of Tax Lien Online Sale

By dhinternational  /  April 19, 2013 / Comments Off on The Convenience of Tax Lien Online Sale

The Convenience of Tax Lien Online SaleAre looking to invest in something profitable other than the stock market? Some type of investment that would earn you nice profits even when you’re away from the country? Investing in tax liens would surely help you achieve these things. You can even do it online.

Tax lien investment offers a golden opportunity for you to bid and purchase profitable properties online with just a click of your mouse. Online tax sales have been going on for counties and states in the US for quite some time now. Then, there are tax lien certificate sales being held by some counties which are available online for interested investors. You just need to check their websites though as well as the states offering online tax lien sales.

Before placing your bids in an online sale, make sure to do due diligence first on the properties you want to buy. It is because online tax sales are pretty quick. Good properties easily get picked so you need to register as early as possible and place your bids. So, invest in tax lien sales online for you to have a better alternative of doubling your profits in a convenient way.

How to Protect Your Tax Sale Investments

By dhinternational  /  April 1, 2013 / Comments Off on How to Protect Your Tax Sale Investments

How to Protect Your Tax Sale InvestmentsOnce you’ve bought a tax deed or tax lien certificate, you must protect it in order to maximize your profits. Do you know how to protect your tax sale investments? If not yet, then it is time to read this.

-Clear the property’s title
-Foreclose the right to ownership if no payments were made
-Make sure to record your deed or lien with the county clerk’s office
-Pay the corresponding taxes of the properties in question

These are some of the tasks that you need to do in order to protect your investments. Whether you are investing in deeds or liens, you need to study each one so that your money and time would not go to waste.

Tax Sale Information to Remember

By dhinternational  /  March 1, 2013 / Comments Off on Tax Sale Information to Remember

Tax Sale Information to RememberIf you are interested in placing your bids at a tax sale, first you must need to learn how to find the tax delinquent properties. Most counties and states thankfully make it simple to share this information to the public. You can find these data on their websites, their office, and on the local newspapers. Start your research for whatever information you can find on the auctions scheduled within your area. It is crucial to check out first the background of the properties listed on the sale. Do not make the mistake of purchasing a property without knowing exactly what you are doing. This is to avoid mistakes that may hinder your real estate investment goals.

Take note that a tax sale does not exactly work like the traditional way of purchasing a property. You would be expected to pay up front for the property that you’ve won on the bidding. So, secure whatever financing you have or risk losing the property to other bidders. It may still take some time though for you to acquire a deed on the property before it would be fully yours. Remember that during this time you only have the tax lien certificate as proof of covering the taxes for the delinquent homeowner. After you get the deed, only then you can do whatever you wish with the property.

Fundamentals of Tax Lien Investing

By dhinternational  /  February 13, 2013 / Comments Off on Fundamentals of Tax Lien Investing

Fundamentals of Tax Lien InvestingTax lien investing is a great strategy if you are searching for a way to get nice interest rates on your investments.  You can collect interest rates as high as 18% from the owner of the property that you’re currently holding its tax lien certificate.  Most of the time, the owners do pay off before the redemption period ends.  They would find a way to avoid losing their properties.  If not, you can foreclose the property and get a deed for it.  Clearly you win either way.

Remember that it takes months and even years for you to hold the liens before earning the profits.  So, make sure to bid only on nice properties. Regrets would be avoided, if there’s a chance that you do not want to end up with the property’s deed.  But then, you can always flip the property to other investors and make nice profits as well.

Things that Happen When You Purchase a Tax Lien

By dhinternational  /  November 14, 2012 / Comments Off on Things that Happen When You Purchase a Tax Lien

Things that Happen When You Purchase a Tax LienThere are cases in which you need to participate in a first-come and first-served basis in order to purchase a tax lien in a county tax sale. However, there are also instances wherein there is a lottery or round-robin purchasing style. In most cases though, you are going to purchase a lien of a property by bidding against other investors at tax lien sales. Here is a short but insightful explanation on what happens in a tax lien sale when you purchase a lien.

The very first thing that would happen is that you are going to pay in cash for your bids on a lien. There is going to be a huge amount of cash involved for great looking properties. This is alright since you are looking to make some nice interest rate from tax lien properties that would reap large profits later on. Then, you would be holding the lien against the property for the redemption period specified by the law of the state. Do not be surprised though, that many of the delinquent homeowners would most likely pay off the back taxes as well as the interest and other fees on your lien. When this happens, the county is going to return your bid money together with the interest. The homeowner gets back his deed which ends the whole transaction.

There are cases wherein the homeowner does not have enough money to pay off his debt. Situations like this make him decide to just let go off his property. You can now get income in another form from the tax lien certificate in your possession. You would then apply for the property’s deed. This enables you to get the right to ownership of the property which is also a great deal in the end.

Tax Lien Certificates Bidding Methods

By dhinternational  /  October 30, 2012 / Comments Off on Tax Lien Certificates Bidding Methods

Tax Lien Certificates Bidding MethodsBidding for tax lien certificates is the first procedure in acquiring affordable properties. If you want to get a property, then knowing how the bidding process works is very important in order to succeed. The auction for tax lien certificates is quite different from the regular tax sale. It is because you are going to bid for the property’s delinquent taxes owed by the homeowner. To help you understand the bidding process, here are some methods to learn about.

Premium Bidding
The bidder who bids the highest over the total lien amount owed is the winner of the auction. You must take note that majority of states only allow the interest to be charged to the overall amount of the lien owed. This type of method is also known as straight bidding.

Random Selection
This method is preferred by many tax lien certificate investors because the bidders get an opportunity to access the properties prior to the sale, which are up for grabs. During the auction, each bidder is given a certain number, and then a draw would be created for every property. When a bidder’s number is called by the officials, he would make a decision to either accept or decline the property offered. Still, the price of the starting bid is equivalent to the delinquent taxes owed.

Over the Counter Sale
Information regarding tax lien certificates which are available over the counter can be acquired at the local tax collector’s office. Most counties in the US allow direct selling of certificates to interested investors. It must be noted however, that investors who are interested to do this method must do due diligence first. This may be the easiest way to purchase tax lien properties but still, research is mandatory in order to check first the condition of the properties.

Opportunities Arise from Tax Lien Certificates

By dhinternational  /  October 22, 2012 / Comments Off on Opportunities Arise from Tax Lien Certificates

Opportunities Arise from Tax Lien CertificatesThe government collects revenues from many sources including real estate taxes in order for them to have the funds to operate. Property owners who do not pay their taxes would face the reality of the county collecting the owed money from them. The fact is that properties are going to be foreclosed because of delinquent taxes. When this happens, the counties would then offer the tax lien certificate of the properties to any investor who is willing to pay for the property owner’s owed balance. This is commonly called as selling the tax lien of the property.

Every state in the United States participates in tax sales each year. Investors like this type of opportunity because of the potential earnings that each person would benefit. Plus, this is the proper way for the government to collect their overdue and unpaid property taxes from the owners. Tax lien sales are public bidding auctions wherein the minimum bids start with the back taxes owed by the owner, interest, and any penalties associated with it. Just like any other auction, the highest bidder wins the property.

Basically tax lien sales are both beneficial to investors and homeowners. It is beneficial to homeowners because they regain their properties by gathering the needed money to pay for the owed taxes during the redemption period. Meanwhile, it is profitable to investors because of the interest they earn along the process, and the possibility of foreclosing a property, and claiming the right of ownership to it. Due to these reasons, investing in tax lien certificates is a remarkable opportunity to willing investors out there.

Non-US Citizens Can Invest in Tax Lien?

By dhinternational  /  August 29, 2012 / Comments Off on Non-US Citizens Can Invest in Tax Lien?

Non-US Citizens Can Invest in Tax Lien?Due to some good and overwhelming feedbacks on tax liens, when it comes to profit, it is not a surprise that many people gets interested in investing in tax liens.  Not only U.S citizens can avail this but also people out of the border.  Many people were asking if that would be possible.  Of course it is.  Investing in tax liens doesn’t require you to be a U.S. citizen to make it so.  It is just very simple.  All you have to do is to apply for a Tax Identification Number (T.I.N) from the Internal Revenue Service, which you can get even as a foreign citizen that never lived in the US.  If you already got it, you are now ready to invest in tax liens and deeds.

Even though you’re not in the US, you still have to do your due diligence to make sure the money you invest is secure.  Nowadays it isn’t possible to make all of this since everything is almost available online.  Unlike before that you really have to travel to get to the destination to get all the details you need.  These days you can bid at the auction online.  When it comes to the list for the auction, you can also have it by calling the county and request for it to be sent to you, or get it online.  There are also some online sites where you can check the property that you might be interested in.  Google Earth can also be a big help to check on the property without visiting it.

How Tax Lien Works?

By dhinternational  /  August 22, 2012 / Comments Off on How Tax Lien Works?

How Tax Lien Works?Although tax lien is very popular nowadays, there are still people who still don’t understand how this tax lien works. Some people just prefer not to know because they find it complicated to understand. And because some people are naive of this, they don’t know what to do when their property is already held by the government.

Tax liens begin when someone failed to pay his taxes on time, and if these taxes are overdue the government will now start to move to sell the tax lien to someone else. Usually they will give time for the property owner to pay it. If the owner still fails to pay for it in due time, this will be the period that it will turn into a certificate that an investor can purchase for the given schedule. Whoever bought the certificate will have the right on the property, until the given time that the property owner was able to redeem the property.

In this process, the government was able to get the full amount on time by the money, which is paid by the investor on behalf of the property owner. The property owner will then pay interest to the investor for the money he paid for the certain amount of time. The investor can now expect a profit for his money. If the property owner fails to pay the investor on the given time along with the interest, the investor will end up owning the property by just a little fraction of dollars he paid.

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