Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Who's on Your Tax Lien Investing Team?




Source: Joanne Musa - United States

Have you been wanting to start investing in tax lien certificates or tax deeds but don't know where to start? Every successful endeavor requires a support team. Tax lien investing gurus make it sound so easy, you just go to the tax sales and buy a lien or a deed. But it's a lot more complex than what you here about in those tax lien seminars. In fact, it takes a TEAM to be successful at tax lien or tax deed investing. So who is on your tax lien investing team?

You, the investor, are an important part of your investment team. You are the person who does the due diligence and purchases the tax lien certificates or tax deeds. You may be doing this all by yourself or you may hire someone to do the due diligence and bid at tax sales for you. Your the one, howevere, who is making the decisions of what tax lien certificates or tax deeds to buy.

Your Title Searcher. This can be a title search company or an individual who does your title searches for you. Their job, in the case of tax lien certificates is to check on the title of the property before you start foreclosure proceedings. In the case of tax deeds, since you are actually buying the property, you may want to have a title search done before you bid on a property at the tax sale. You definitely need someone who can research property titles for you regardless of whether you are investing in tax lien certificates or tax deeds.

If you are using a title search company, there are different levels of title searches that you can get. For tax liens, you may only need the simplest and cheapest search. If more detailed searches are needed during the foreclosure process, your lawyer can order them from the same title company. Sometimes you may want to use different title companies to do different types of searches on the same property.

Your Lawyer. Most tax deed states do not issue a "warranty deed." This means that you will have to clear the title of the property before you can sell it to someone else. I recommend that you have a lawyer for this purpose. Although it can be done without a lawyer, if you miss any deadline or notification, you could loose your right to the property. The same goes for the foreclosure process on tax deeds. Although there are a few states that make this process easy for you, in most states this a process that you'll want to have a lawyer take care of for you. It's best to get a lawyer that specializes in tax lien foreclosures, otherwise the process could take longer and cost you more money that it should.

Your Rehabber. Properties bought at tax sales are often neglected. Typically if a property owner is not paying the taxes on their property they are not keeping up any maintenance on the property either and it may be in bad condition. If you aquire a property through a tax lien it could have been neglected for a long time since you have to wait out the redemption period before you can foreclosure. Unless you know how to do the fix up yourself, and you have the time to do it, you'll need to have someone who can do this for you.

Your Realtor. Once you've acquired a property, whether it be from a lien or a deed, and you've done the rehab, you'll need to sell it or rent it to make a profit on your investment. If you don't have many properties and you have the time, you may want to do this yourself. However, if you are busy buying more tax liens and/or deeds, you may want to hire a realtor to do this for you. This will free up your time so that you can concentrate on buying more profitable tax liens or deeds.

Other members of your successful tax lien/deed investing team may be your office manager - someone who can take care of all of your paperwork, such as recording liens or deeds with the county and paying subsequent taxes, your bookkeeper, and your accountant. These are things that you may want to do yourself or hire a professional to do, depending on how many liens or deeds you purchase each year.

Regardless of whether or not you've ever outlined all of the activities that are involved in creating and maintaining a profitable tax lien or tax deed portfolio, they do all exist. And if you've been wondering why your investments are not as profitable as you'd like them to be - it could be you've left out an important function and/or member of your tax lien investing team.

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 Tax Lien Lady's E-books available at http://www.taxlienlady.com/store2/sales.html

For more tips about how you can invest in tax lien certificates send an e-mail to MoreTips@taxlienconsulting.com




Next: What is Premium for Tax Lien Certificates?

Previous: Is Tax Lien Investing For You?



Add to Informational Site Network
Report
Privacy
ADD TO EBOOK








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: Haldimand Results Please by Pfm1011
>> Re: chatham-kent by Jack
>> chatham-kent by RyanMckenzie
>> Re: Haldimand Results Please by matt
>> Re: Haldimand Results Please by Pfm1011
>> Re: Re: Haldimand Results Please by Pfm1011
>> Re: Haldimand Results Please by Pfm1011
>> Haldimand Results Please by Pfm1011
>> Re: I wish I could buy properties like this at tax sale by Dave2
>> Re: I wish I could buy properties like this at tax sale by Jack
>> I wish I could buy properties like this at tax sale by Dave2
>> Re: how do tax sales work in nb canada by rob
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> how do tax sales work in nb canada by rachel
>> Re: Tiny, possible contaminated soil lot across landfill by Pfm1011
>> Sheriff's Sale of Lands - July 13 by rob
>> Tiny, possible contaminated soil lot across landfill by bee
>> Re: Feeder Rd aka Pietz Rd Welland results please by Pfm1011
>> Re: Be Careful what you buy by Frank
>> Re: Re: Be Careful what you buy by Dave2
>> Re: Be Careful what you buy by Frank
>> Re: Be Careful what you buy by Jack
>> Be Careful what you buy by Dave2
>> Re: Feeder Rd aka Pietz Rd Welland results please by Jack

Visit the tax sale properties discussion boards


Articles

>> Government Tax Liens by Peter Emerson
>> Illinois Foreclosure Listings - Homes For Every Demographic by Will Grant
>> Is Tax Lien Investing For You? by Joanne Musa
>> Real Estate Auctions - Are they for you? by Nancy Woodward
>> Is Tax Lien Investing Still Profitable? by Joanne Musa
>> Types Of Liens On Real Estate by Mark Nash
>> The Ins and Outs of Bank Foreclosures by John Nazareno
>> THE SALE OF TAX DEFAULTED PROPERTY For California, USA by California Tax Department
>> How To Avoid Negative Equity In Real Estate Investment Financing by Joel Teo
>> Ottawa Public Tender by City of Ottawa

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy