Monday, October 11, 2010

HOW TO START BUYING LIEN CERTIFICATES

It is highly recommended by real estate Gurus for your 1st Lien Certificate Purchase, if you are too concerned to spend more than $100 to $1000, then just buy an inexpensive one around $20 to $40. The idea is to JUST BUY A CERTIFICATE!

Step 1. Find the County lists of certificate.

Step 2. Make a list of those certificates in YOUR PRICE RANGE whether the $20 to $40 range or the $1,000 range.

Step 3. Research those - looking for the most property or the ones with the highest market value

Step 4. Narrow down your list and make a decision.

Step 5. Make the purchase: Follow the directions on the county website as to how to make that purchase. It may be as easy as just sending a check, or just pushing a "Buy Now" button.

Step 6. Send a copy of the purchase confirmation email to your coach - Stan D. at
realestate@coachwebmail.com

Once you have done the 1st, you can then follow the same steps again to make other purchases. At that point you can either look for other inexpensive certificates with value and eventualy start looking for owner occupied certificates.

Sunday, October 10, 2010

THE BEST SITE TO BUY TAX LIEN CERTIFICATES

HERE IS THE BEST SITE TO BUY TAX LIEN CERTIFICATES:

This site is the most complete I have seen - with lists of currently available certificates, their face values, links to the county to do your research, and then a “Buy Now” button to move forward and purchase the liens you like – ALL ON THE SAME PAGE. When you buy certificates, money is transferred directly from your bank to the county using an ACH (Automatic Clearing House) Debit. No need for money orders, cashier checks or mailing funds back and forth. It doesn’t get any easier than this.

Look at Colorado for current auctions - Grand County includes Steam Boat Springs a Ski Resort City.

Look at Florida for County Held Certificates

HERE IS THE LINK:

http://www.realauction.com/template.cfm?r=LeftMenu/ListCountyauctions

Scroll down to Florida. Look for the links that have the words “County Held Opens”. Currently there are 12 Counties with Open lists. This statement will remain on these sites until all the certificates are sold – then it will reflect the words “CLOSED”.

These links take you to their websites where you can “Preview Items for Sale”. After clicking on this Preview link, look for the certificates that are “Active”. Click on the Parcel Number to gain access to research tools. Look for properties that have the most value for the money or find homes that are owner occupied.

The County-held tax certificate sale offers all certificates not sold at auction for public purchase. The unsold certificates carry an 18% interest rate per Florida statute. All certificates are sold on a first-come, first-served basis.

When you find ones you like it is a VERY EASY process to buy. All you have to do is register. You do have to register with each county separately. You can also use the same user name and password on different counties. After logging in, click on “Buy Certificates” on the left side. Choose the Certificate year you want to buy in. Find the one or more you had selected.

Next, look on the left side of your screen, click on the "Provide Bank Information" button to enter the bank information to be used for your purchases.

As soon as you click the “Buy Now” button to select the certificate(s) you wish to purchase, an ACH request will be sent in the amount of the face value of the certificate(s). That certificate(s) will be yours pending the successful transfer of funds and recording of the sale in the County computer system. It is the responsibility of the purchaser to research properties prior to clicking the "Buy Now" button.

Please note: If taxes are paid before your payment is received, that purchase is canceled and you will receive a refund. In most counties, the five-percent minimum mandatory charge does apply when a certificate is purchased from the County. In other words, if the certificate is redeemed within the first 90 days you will receive a mandatory 5% return on your investment. This also why investors are willing to bid down their interest rate to as low as .25% on the 1st run Certificate Auctions in May and June because they know they can earn that minimum 5%.

Saturday, October 2, 2010

Over the counter (OTC) Quick Links and How to Buy

Florida

Charlotte County (County Seat: Punta Gorda) Link: https://www.charlotte.county-taxes.com/public/reports/real_estate When you get to this link look on the left side and highlight the words "County Held Listings" Then go to the bottom of that box and click on "View Selected Report". Search through the list. Find the properties you are interested in and research them. When you have a final selection and are ready to buy - just call 941-743-1350 to Buy them.


Citrus County (County Seat: Inverness) Link: http://www.tc.citrus.fl.us/reports/pdf/countylheldlist.pdf. This will take you directly to the list. Search through the list. Find the properties you are interested in and research them. When you have a final selection and are ready to buy - just call 352-341-6509 to Buy them.


Miami-Dade County (County Seat: Miami) Link: http://www.miamidade.gov/taxcollector/
Dade County holds their Annual Auction in June. Followed by another Auction in July for the left over certificates. The remaining properties can by accessed by going to the link above and Clicking on "Available County Held Certificates". Find the properties you are interested in and research them. When you have a final selection and are ready to buy then you can call 305-375-1829 to buy cerificates.


Okaloosa County (County Seat: Crestview) Link: http://okaloosatax.com/LinkClick.aspx?fileticket=m8hgzj%2f6Gtw%3d&tabid=92&mid=439
This link will take you directly to the list. Search through the list. Find the properties you are interested in and research them. When you have a final selection and are ready to buy - just call 850-689-5700 to Buy them.


Pasco County (County Seat: Dade City) Link: http://www.pascotaxes.com/Search/offlinebuyermain.asp?page=1&choice=B&buyer=000999&certificate== &name=COUNTY OF PASCO
This link will take you directly to the list. Search through the list. Find the properties you are interested in and research them. When you have a final selection and are ready to buy click on the email link at the bottom of each page listing.


St. Lucie County (County Seat: Fort Pierce) Link: http://www.tcslc.com/sale/CTC-2010.txt
This link will take you directly to the list. Search through the list. Find the properties you are interested in and research them. When you have a final selection and are ready to buy - just call 772-462-1650 to Buy them.

The Lien Machine - Creating Wealth

Ideally, investors will want to invest and reinvest over and over.
This means that as soon as one TLC is redeemed it is reinvested.
This is will compound the gains. You will want to be ready to reinvest
as soon as possible. The ultimate goal is to eventually have TLCs
coming due each month and annuitizing your new business.
I like to call this the “Lien Machine” because input is being turned to output,
which means profits!

Some STATISTICS to keep in mind:

70% of all liens are redeemed.
95% of Owner occupied liens are redeemed within the 1st 90 days.

So what type of Lien Certificate do you want to buy? Those that are owner occupied.

The best way is to purchase liens on a regular basis. That could be on a weekly basis, twice a month or monthly. You, as an investor, know your time constraints as well as your budget. But set up a plan that works for you.

Example:
You research and buy $100 worth of certificates every week.
So the 1st month you invest $400
The 2nd month you invest $400
The 3rd month you invest $400
NOW the 4th month you invest $715. How? Statistically 3 of the 4 purchases from the 1st month should redeem with interest. So even with a minimum of 5% interest you should have received $315. So now you will invest your $400 + the $315 from the redeemed certificates or $715


From Saen's Book: "Make the investment
Unfortunately, many students have taken my courses, read my books and even tuned into my
conference call but never made an investment. Just like the man whose testimonial was printed in chapter 4. He read the books but failed to act. Remember you can start with as small an amount as you are comfortable. In order to be successful you must start making the investments."

It is recommended by Saen that you just buy something. Start with $20. It is safe and gives you the experience and confidence you need to move to bigger and better certificate purchases. Worst case scenario - you loose $20.

SO GET GOING - GET OUT THERE AND JUST BUY SOMETHING.