OfflineI have been researching Tax Lien Sales/ Auctions for my area and it has opened my eyes to some nice ways to invest my money other than my worthless 401K. Now again, buyer beware! (I have been reading posts about this topic, but no too many follow-ups). Thanks to the internet we have the right tools to do some proper due diligence. This is what I have found for the Colorado State area as an example (I am new so anyone can chime in or make clarifications):
Colorado pays 9%+ in interest on tax liens won in auction.
They require a 3 year redemption period.
As the Tax Lien Holder of a particular parcel you only get your money with interest, when the taxes have been redeemed prior to 3 years.
You can "Assign" the Tax Lien Certificate (Investors should research and be clear on this process if you invested out of state.)
You can endorse delinquent back taxes for subsequent years leading up to the 3 year period to take a larger stake in the process (Again, beware of the property values!)
Wait out the 3 years and attempt to claim Treasurer's Deed (this process can cost min. $500 +)
If the certificate is redeemed prior to deed issuance, you will receive your investment, interest, and your application fee in full. However, no interest is earned on the application fee.
Here are some cons:
Most counties post a less than 1% that the tax lien is not redeemed in high value areas.
The Treasurer's Deed will not be issued until ALL subsequent property tax liens are paid in full and fees paid.
The Treasurer Deed process can take 3 years + to finalize your right to the deed.
Thoughts:
This is an investment process with a higher yield than any stock. You do not own property, but have first right to property for monies owed. If you are a patient and wise investor you could have several properties almost free and clear with the right due diligence. Also, this is by no means a get rich quick method (but I like it better than my 401K).
Anyway, I am looking for more inforamtion, advice and mentoring to start my investing methods. I have information coming from taxsaleslist.com. This guy is a family run business in the Denver area, so I have been listening and reading as much as I can. I really want to pursue this aspect of Real Estate Investing. My other interest is puchasing REO's but I am not ready to dive into the deep end of the pool.
Thanks for reading. Hope I can help out.
Vinny
This will be very helpful for some people.
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!
Vinny are you limited to that one state? There are other states that you only have a 60 day redemption period. If you do not want to wait the 3 yrs. And you can do it all through the mail! Oh and I'm a member of taxsalelist.com As a matter of fact I have a workshop in one hour.Your more than welcome to ask me anything I'll help the best way I can!