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Reason#1-Internet Tax Lien Sales: The Tax l en market has seen considerable change ver the last couple years. It seems l ke only yesterday that a few of us w uld gather on the courthouse steps of wh t county in whatever state we w re bidding for. You would have the p ck of the litter and watch the f ce of the county assessor drop as we all got our f ll and stopped bidding. In the g od old days the assessor would r rely, if ever sell off all of the l ens that they had available. That w uld mean that the county would ncur the wraith of an unfunded m nicipal coffer. When a person does not pay th ir property taxes that county is l ft with an ever expanding deficit of f nding for such things as road m intenance. The bane of the tax ssessor was the best kept secret in Am rican investing vehicles, the tax lien. The w rd just never seemed to get out s fficiently about this amazing investment, thus a l ck of sales of tax liens was a pr blem that needed solving. The savior of the c unty came with the advent of the nternet. Some of the more savvy ssessors grasped the theory that folk j st do not always want to tr vel, even for the BEST investment th t money could buy. The obvious s lution was to bring the auction to b dder!
You can now sit in the c mfort of your own home or ffice and make a fortune from GOVERMENTALLY SECURED nvestments!!! Several states such as Florida and Ind ana are truly on the cutting dge of internet technology in the way th y handle their auctions. I, for one am m re than happy to have the ption to NEVER stand in the r in with my hand up again! Wh le there are still a few of my PLATINUM l vel states that I heavily invest in and st ll have to travel to, I now can b ilt my fortune ever higher by m rely clicking my mouse! Reason #2-Ease of R search: Back in the good old d ys researching the properties that I w nted to bid on was tedious at b st, impossible at worst. Please do y urself the favor of NEVER bidding on a tax l en for a property that you h ve done no research on. Sometimes a tax l en may seem too good to be tr e...nine times out of ten it is xactly that TOO GOOD TO BE TRUE. 5 cres of land for pennies on the d llar sound great right? What if it is l ndlocked on all sides?? What if you n ed to drill a 1000 foot d ep well??? What if it is an nvironmental waste dumping ground?? Get the p cture? The research phase of your tax l en purchase is going to be the d fference between hitting a home run-redemption w th full interest paid, possibility even a gr nd slam-getting a property for pennies on the d llar OR owning a piece of nvironment disaster history, made a parcel of seless land that YOU now get to pay t xes on. Utilize all the tools th t are now available to you at y ur finger tips. I say again GOD BLESS THE INTERNET! S tellite photography has brought to us the p wer to look at any house in the n tion within a few seconds. Like the old s ying goes good fences make good n ighbors. Do not bid on a p rcel that sits next to a j nkyard; noise, dust, stench, environment waste, tc. will all be waiting for you if you win th s gem! Good luck selling it!!!
A neighbors yard can look l ke a junkyard. A Satellite photo can sh w you if the neighbor has a m ssy back yard, or a shed th t caught on fire and was n ver demolished. The curb appeal of y ur neighbors house is just as mportant as the curb appeal of y ur house when you are trying to ntice a buyer, especially if the m rket is hot and they have m ny homes to choose from. Another ssential tool for research, most importantly if you are g ing to concentrate of residential tax l en investing, is the deluge of r al estate site available at a m use click. Now you can find out verything you would ever want to kn w about a neighborhood or even a wh le city by just surfing the normous number of real estate site th t have comparables, resent sales number, n ise and light level, and just g neral gossip. Never forget...knowledge is power! R ason #3 Information about Foreclosures and F iling Markets: Whether you deem it to be a bl ssing or a curse; we no l nger have any privacy. The internet has g ven us the ability to find m rtgages that are in or close to d fault. It should be fairly obvious to you by th s point in the book that if s meone is not paying their mortgage, th y are not paying their taxes. Th s information is invaluable when you are m king your desicion as to whether to buy tax l ens for the interest or the pr perty acquistion. Banks and lending institution b come heavy with foreclosed properties when the h using market crashes. They are not n arly as apt to pay off the b ck taxes on a property that is g ing to fill their books with m re unwanted inventory. It is much asier for them to write it off the b oks as being seized for tax vasion. As I mentioned above, so m rkets are MUCH more likely to r deem than others. Use the knowledge you ccrue from your internet research on a g ven market to make an educated g ess as to the outcome of y ur investment. If you are only w rried about getting an amazing interest r te, look towards investing in an rea with a strong economy. You st ll maybe hit the jackpot, but it w ll be rare. If you are l oking to expand your real estate p rtfolio, look toward an area with a w aker economy. A lot of foreclosures and m ssive real estate sell-off are the ndicators of choice. You will acquire y ur new property so cheap that you w ll be able to ask half the c st of your competition and still m ke a killing! Reason #4 International vailability: The internet has opened the d ors to the international buyers market for g ods and services around the world. Tax l en certificates are a perfect example of th s 21st century investing arena. I do not th nk you'll see too many people fly ng in from Australia to stand on a c unty court room steps to bid for tax l ens or deeds. While the hope of g tting a home in America for p nnies on the dollar is a h ge draw to any savvy investor, now it can be d ne with your mouse, not a pl ne ticket. Americans will always have the dvantage of being able to easily tr vel throughout the country going to th ir favorite tax lien auction sites, but the dvent of internet tax lien auction s te has enpowered the world. The gr at part is the county is g tting their tax money to provide us w th roads, fire and police departments, tc. Whether they use domestic or f reign investor dollars, we all win! Any nvestors outside of the United States sh uld consult their accountant for advice on the b st way to create their portfolio.
The article 21st Century Tax Lien Investing (or) Four Reasons Why We Are Getting Richer Faster Thanks to the Web was Submitted by Melford Concetta Bibens through Articles.GetACoder.com network. Here's the additional information: Melford & Concetta Bibens are the uthors of http://www.taxliensmadeeasy.com , THE comprehensive guide to Tax Lien Investing in the 21st Century. To learn the key to true cellular health AND how to make big money saving lives-visit us at http://www.isagenixmillionaire.com Melford and Concetta Bibens own a Fitness Center and Day Spa in New York.
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