Reason #3 Information about Foreclosures and Failing Markets: Whether you deem it to be a blessing or a curse; we no longer have any privacy. The internet has given us the ability to find mortgages that are in or close to default. It should be fairly obvious to you by this point in the book that if someone is not paying their mortgage, they are not paying their taxes. This information is invaluable when you are making your desicion as to whether to buy tax liens for the interest or the property acquistion. Banks and lending institution become heavy with foreclosed properties when the housing market crashes. They are not nearly as apt to pay off the back taxes on a property that is going to fill their books with more unwanted inventory. It is much easier for them to write it off the books as being seized for tax evasion. As I mentioned above, so markets are MUCH more likely to redeem than others. Use the knowledge you accrue from your internet research on a given market to make an educated guess as to the outcome of your investment. If you are only worried about getting an amazing interest rate, look towards investing in an area with a strong economy. You still maybe hit the jackpot, but it will be rare. If you are looking to expand your real estate portfolio, look toward an area with a weaker economy. A lot of foreclosures and massive real estate sell-off are the indicators of choice. You will acquire your new property so cheap that you will be able to ask half the cost of your competition and still make a killing! Reason #4 International availability: The internet has opened the doors to the international buyers market for goods and services around the world. Tax lien certificates are a perfect example of this 21st century investing arena. I do not think youll see too many people flying in from Australia to stand on a county court room steps to bid for tax liens or deeds. While the hope of getting a home in America for pennies on the dollar is a huge draw to any savvy investor, now it can be done with your mouse, not a plane ticket. Americans will always have the advantage of being able to easily travel throughout the country going to their favorite tax lien auction sites, but the advent of internet tax lien auction site has enpowered the world. The great part is the county is getting their tax money to provide us with roads, fire and police departments, etc. Whether they use domestic or foreign investor dollars, we all win! Any investors outside of the United States should consult their accountant for advice on the best way to create their portfolio.
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About the Author:
Melford & Concetta Bibens are the authors 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.
21st Century Tax Lien Investing four Reasons To Start Today Part 2
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