Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Don't Buy Tax Lien Certificates Until You Read This!




Source: Joanne Musa - United States

Some real estate gurus make tax lien investing sound like itís a sure thing. That youíre guaranteed to make huge interest rates and thatís itís ďgovernment guaranteed.Ē Unfortunately for You, they leave out a few facts and are stretching the truth quite a bit.

First you have to understand that tax sales are auctions and in most state those extremely high interest rates are bid down to extremely low rates. Why would investors do that? Itís simple, sometimes there are other penalties that they will get should the lien redeem. In New Jersey for instance the penalty is between 2-6% depending on the amount of the lien. In Florida there is a penalty of 4%. Also once you own the lien, you can pay the subsequent taxes and get the maximum interest on that.

Secondly, you must understand that there is no guarantee that you will get paid on your lien. Of course if you donít get paid, you can foreclose once the redemption period is over. But no one guarantees that you will be paid! What these gurus mean when they say that tax liens are ďgovernment guaranteedĒ is that the laws are on your side. If you donít get paid you can eventually foreclose on the property. The only thing guaranteeing your investment is the property! Thatís why I donít recommend investing in tax liens through the mail or online. Would you buy property that you didnít see first!

When you buy a tax lien certificate, even though you are not purchasing the property, there is always the chance that the lien will not redeem and you will have to foreclose on the property. What if the property is worthless? What if it is an unbuildable piece of land? Then you are stuck with a worthless piece of property that no one will want to buy from you and if you donít continue to pay the taxes on it, it will eventually revert back to the county that sold it to you.

Yes, there are risks involved in tax lien investing and no, it is not a sure thing. It is however an excellent way to invest your money if you know what you are doing. If you are contemplating buying a program to learn how to invest in tax lien certificates or tax deeds, beware! Donít buy an e-book, coaching program, or a course from someone who candy coats the business of investing in tax lien certificates and tax deeds and makes it sound like you canít fail and there are no risks. The truth is that you can fail and there are risks to avoid. Instead buy one of these products from someone who tells you what the risks are and how to avoid them. This will give you a better chance for success in buying profitable tax lien certificates and tax deeds.

Joanne Musa is a Tax Lien Investing Coach and Consultant who works with investors who want to learn how to buy profitable tax lien certificates and tax deeds. She is the president of Tax Lien Consulting LLC, a consulting firm for tax lien investors. She is the author of the e-books: Tax Lien Investing Secrets and Tax Lien Lady's State Guide to Tax Lien and Tax Deed Investing, available at http://www.taxlienconsulting.com For more tips on investing in tax lien certificates send an e-mail to MoreTips@taxlienconsulting.com




Next: How to Use Tax Lien Manager to Protect Your Tax Lien Certificate Portfolio

Previous: Get Ready to Shop for Foreclosures



Add to del.icio.us Add to Reddit Add to Digg Add to Del.icio.us Add to Google Add to Twitter Add to Stumble Upon
Add to Informational Site Network
Report
Privacy
SHAREADD TO EBOOK








Android app on Google Play

Tax Sale Property Listings

Canada:
Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *






Latest Discussion Posts

>> Re: Hello by hjadoon
>> Re: Re: I hope this goes to tax sale by Dave2
>> Re: I hope this goes to tax sale by Frank
>> I hope this goes to tax sale by Dave2
>> Re: Trying to figure out how to price a bid on land by speedfreaksteve
>> Be aware huge contamination on waterfront lot Hawkesbury by bee
>> Re: Trying to figure out how to price a bid on land by Dave2
>> Trying to figure out how to price a bid on land by speedfreaksteve
>> Re: Re: Re: Mississauga results by Dave2
>> Re: Re: Is this website in the doldrums?? by mountainman
>> Re: Re: Mississauga results by mike7
>> Re: Is this website in the doldrums?? by Frank
>> Re: Re: Is this website in the doldrums?? by Dave2
>> Re: Re: Is this website in the doldrums?? by mountainman
>> Re: Is this website in the doldrums?? by Ernestbidder
>> Re: Is this website in the doldrums?? by paris
>> Re: Mississauga results by paris
>> Re: Mississauga results by PG
>> Re: Is this website in the doldrums?? by Dave2
>> Re: Is this website in the doldrums?? by Ernestbidder
>> Re: Is this website in the doldrums?? by Frank
>> Re: Mississauga results by Dave2
>> Upcoming auctions by the public administrator queens county NY by Ernestbidder
>> Re: Is this website in the doldrums?? by Ernestbidder
>> Re: Is this website in the doldrums?? by Dave2

Visit the tax sale properties discussion boards


Articles

>> Massachusetts Foreclosure Process by frontgateconsulting.com
>> Foreclosed Properties by Wilson Davalos
>> What You Should Know About Foreclosure Investing by Masni Rizal Mansor
>> Buying Cheap Real Estate Properties At State Auctions by Tim Lee
>> A penny saved . . . is a cottage lost by Globe and Mail
>> Get Ready to Shop for Foreclosures by Jason Murphy
>> Streamline Your Tax Lien Investing Business by Joanne Musa
>> Foreclosure Basics by James Smith
>> Property tax crisis for horse farms by Canadian Free Press
>> Common Reasons People Go Into Foreclosure by Lucy Landley

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy