Anyone with a little money and a basic understanding of tax lien investing can buy tax lien properties. The question then becomes, what do you with them do once you own them? It all begins with a certificate about the size of a regular piece of paper. Where it goes from there is up to you.
Knowing what you want and setting goals around those objectives is vital to your success as a tax lien investor. Without a game plan, you’re just gambling.
Set Your Intention
Why are you interested in tax lien certificate investing? Have you made other types of investments and want to try something new? You’re wise to consider this. For over 200 years, investors have gotten rich applying specific real estate strategies and buying tax liens and deeds. They begin by setting clear intentions for what they plan to accomplish. That’s the first goal of every successful investor.
A clear intention will help you set goals and keep you focused at tax foreclosure auctions and online tax lien sales. When you know what you want and how to get there, you’ll resist temptation to jump on that “great deal” that pops up as you’re waiting for your property to come up for bid.
Know Your Budget
Knowing what you have to invest in a given year or even at a specific tax certificate sale will help you decide which properties warrant a bid. Without a budget, you might be tempted to purchase tax lien certificates that aren’t in alignment with your primary goals. Doing so might find you sitting on the courthouse steps with an empty wallet and broken heart as the property of your dreams goes to another investor.
Design Your Long Range Goals
What would you like as your outcome, investing in government tax lien certificates? Are you looking for cash flow? In this case you might be best served buying tax deeds.
Is your goal to earn mammoth returns on tax liens once they’re redeemed? If so, earning 16%, 24% or more might be the way to go. Especially if you have a nice little nest egg to fund your visits to property tax lien sales; you could invest and make money while you sleep. Do you have a desire to travel? Live the laptop lifestyle of many executives and run your investment business from anywhere in the world by purchasing
tax liens from online tax lien auctions. Many investors with wanderlust come away from online transactions with healthy sums of money while they dine on a cruise ship or fish off the Florida coast. Technology is wonderful!
Know what you want and where you see yourself in the future and your tax lien investment business will carry you forward to the life of your dreams. Stay focused and disciplined and you’re half way there.
Check out my [tax lien training videos- http://www.tedthomas.com/ (Just scroll down when you get to the page.)] – free of charge on my website. You’ll be amazed at how people just like you have prospered buying tax liens.
------------------------------------------------------------------------------------------------------------
Ted Thomas is America’s Tax Lien Certificates and Tax Deed Authority. He’s taught thousands of novices and professionals real estate investing strategies that help them profit by Tax Lien Certificates and Tax Deeds at government sponsored auctions. This is the safest, most lucrative investment opportunity in America today and you can learn how to benefit from investing by visiting http://truthabouttaxliencertificates.com/
No comments:
Post a Comment