| Are you tired of cd rates in the toilet
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| | invest in tax liens.
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| and stocks that go all over the place?.
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| | So, now that you know the basics, you
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| Are you looking for a safe place to
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| | need to find out how and where to get
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| invest that is backed by the government,
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| | your hands on tax liens. Tax liens are
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| pays high returns and is secured by real
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| | sold one of three ways: at live auction,
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| estate? Then listen up because tax lien
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| | over the counter, or by internet auction.
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| investing could be right up your alley!
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| | Live auctions are generally held once a
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| A tax lien is simply a lien that is
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| | year in the county courthouse. You get a
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| placed on real estate for the non payment
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| | bidder number and the actual bidding
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| of real estate taxes. In many states, the
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| | process varies by state and local laws.
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| county government will sell the lien to
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| | Sometimes you bid down the rate, other
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| the general public in order to balance
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| | times you bid up the price.
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| their budget. The investor is issued a
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| | Another way to buy tax liens is over the
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| tax lien certificate that is backed by
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| | counter, which is just a fancy way of
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| the property. The investor then collects
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| | saying mail in bidding. To buy over the
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| any penalties that are owed by the
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| | counter, you simply call the county and
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| taxpayer when they redeem the lien. The
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| | get a list. Then just need to you pick
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| penalties in most states for tax
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| | out the property you want to bid on and
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| certificates are high.
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| | send in a check. These are almost always
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| How high you ask? Is 24% a year high
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| | at the full interest rate of the lien. In
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| enough for you? Obviously, it varies by
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| | most jurisdictions, over the counter (or
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| state, but that is the statute in Iowa.
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| | OTC) liens are the ones that did not sell
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| But what about risk? With a tax lien you
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| | at the auction. However, in some rural
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| either get a high rate of return on your
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| | areas, counties have been known to sell
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| investment or the property. That's a lot
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| | tax liens exclusively over the counter.
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| better than the bank cd's. By the way,
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| | The newest and most exciting trend in tax
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| guess who is one of the nation's largest
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| | liens is internet bidding. The county
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| investors in tax liens? Banks! So, why
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| | holds an auction on its website
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| not cut them out of the loop and go
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| | (generally for about a week) or a third
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| straight to the source.
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| | party website like Bid4Assets and the
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| The best part about tax liens is the
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| | investor simply places a bid from the
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| price. Nearly all are under $5000, with
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| | comfort of his home computer. How easy is
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| most being in the $200 to $1000 range,
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| | that! No traveling or hassles required.
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| which is easily within reach of the
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| | Now that you know the basics, what are
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| average investor. Unlike many speciality
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| | you waiting for? Go learn your local
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| investments, there are no special
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| | regulations and buy some tax liens today!
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| requirements or licenses required to
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