Overview…

This investment opportunity comes in two forms, either Tax Lien Certificates or Tax Deeds. The certificates serve as privately held notes secured by a common tax lien on real property. The virtues of this kind of investment are that they provide good security along with competitive rates of return.  Of the 50 U.S. states, 32 utilize tax lien certificates at this time. The remaining states sell tax deeds on the property itself.  The following explains how these differ.

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My friends at the National Association of REALTORS® are now accepting applications for the 11th annual REALTOR® Magazine Good Neighbor Awards. The awards recognize Realtors® for their commitment to volunteer service. Do you know someone who deserves to be recognized?

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Successful Investment Real Estate Strategies: Tick, Tock, Tick, Tock…

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  • The real estate environment over the past year has been filled with challenges for everyone in the real estate industry.  Most investors are finding ways to navigate successfully through the unfamiliar waters of changes in values, financing options and real estate values.  This new climate has encouraged people to take a closer look at their real estate investment strategies and the need to make adjustments.  As we re-evaluate our investments and how to proceed we may discover that we still have some dead leaves on our real estate investing tree.

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The tax foreclosure process…

The local government uses this tax lien as leverage to ensure payment of the taxes. The law mandates a time period within which this must happen, before the property may be confiscated and sold. Proceeds of the sale pay the outstanding taxes. This parallels a typical mortgage foreclosure. After a mandated time period, the creditor may foreclose, which involves liquidating the asset through a sale or auction. The proceeds of the auction pay overdue debts plus the costs and expenses associated with the foreclosure action.

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Can you imagine if Warren Buffett was your investment advisor? Wow, that would be awesome wouldn’t it? Getting advice from the most successful investor in the world would be incredible, huh?

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It has been widely reported that Sam Zell has been buying distressed assets. Dan Fasulo, managing director at New York-based research firm Real Capital Analytics, was quoted as saying, “”Does it get any better than when Sam Zell starts buying property in your market?” I don’t know how much more confidence investors need to start making decisions. Everybody has got to realize that the world is not over.”

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“The greatest discovery is that if you change your attitudes your change your outer aspects of life.”

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There is a tremendous amount of information pertaining to Tax Liens and how they function. The process varies from state to state, so this will be a series of blogs.

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Can you imagine if Warren Buffett was your investment adviser? Wow, that would be awesome wouldn’t it? Getting advice from the most successful investor in the world would be incredible, huh?

Keep reading…

Filed under Apartments, Commercial, Property Management, , , , , , .