A Home Study Course in Tax Auctions Can Benefit You
A Home Study Course in Tax Auctions Can Benefit You
Take a quick read and see how three separate people became successful through use of the knowledge they gained from Ted Thomasís courses. The business of purchasing tax deeds and certificates at auction has never been so easy.
Bob Schumacher used to be involved in forestry. In fact he had a degree in forestry from the University of Missouri and spent many years earning, as they say, a regular living. His interest in purchasing properties at tax auctions started out as a part-time deal, but now he has reached a point where he can work entirely on his tax deed, tax lien business. Now his forestry consulting business is the part-time hobby.
ĎThe sooner you get out there and get motivated and get something done the better itís gonnaí be for you.í Bob Schumacher
Most people never take risks the way Bob Schumacher and others have that can bring in possible big rewards. Millions of people put off their own business ventures for years. This may be for lack of time, concern whether its really going to work, or just simply not wanting to get out there and try. Youíll find that the business of tax deeds, tax liens is not only easy to get into, but also easy to understand. The Ted Thomas home study course can help you to learn the ins and outs of purchasing properties at tax auctions. After a few short hours youíll really come to see just how easy it is jump right into the business.
Two 19-year-olds, Darren and Dustin are perfect examples of people who attend our seminars, learn and apply the information from our home study course and achieve success. Darren and Dustin learned the process of purchasing tax certificates and tax deeds at auction and within the same week of attending their first seminar went right out and purchased a property. They themselves were surprised at how quickly they were able to make use of the knowledge they got from a three day seminar.
Once you start making phone calls to seek out tax auctions, things will come together. You may be concerned about getting involved in exploring these tax auctions because it seems like such a large endeavor but once you get into the process youíll find out how incredibly easy the whole procedure really is. Many students of this home study course often wonder to themselves why no one else is jumping on this opportunity. In reality the area of purchasing tax certificates and tax deeds at auction just isnít that well known. People are hesitant to jump in because they fear the unknown. Donít be hesitant, choose to jump in and be a success in the tax lien, tax certificate business.
The information in these courses has been available to the public for over two hundred years and used by the savvy since the laws were created to make money. Now itís possible through this course to achieve the same results and success.
A Look at the Basics in Preparing for a Tax Auction
There are some basic steps to preparing for a tax auction. Be sure to do your research and learn the local lingo.
There are some simple steps the average investor can take to be well armed with information before attending their first or even hundredth tax auction. Letís look at whatís involved in preparing for an auction in Okanaga County. Okanaga is the largest county in the state of Washington. Its also the smallest in population, so there is a lot of open land with few cities and urban areas for investors.
There are a few basics to tax auctioning that you should know. First off, learn the local lingo and terms associated with the tax lien, tax certificate business. Otherwise you may look like you donít know what you are talking about or you may miss out on some really good deals. In some states, as it is in Washington, tax auctions are known as foreclosure sales or tax foreclosure sales. Be careful when calling to inquire about the deed sale in each of the counties because they may not realize you are looking for tax auctions when they use the term Ďforeclosure sales.í
Secondly, itís important to find out if the state you are in is a Deed State or not. Washington is a deed state. When you place the highest bid on a property in a deed state you donít get a tax certificate, you get a deed to the property which usually arrives in the mail in a couple of weeks.
You may feel nervous about picking up a tax auction property because it seems like such a big purchase the first time around, once you purchase that property at auction it is yours and you can take as much time as you need to sell it at a profit
Usually the minimum bid at auctions will be back taxes plus fees and penalties. So the opening bids are often very low. That doesnít necessarily mean youíll get the property at that price, but you will have a chance to jump in when the auctioning begins. The only way a property can be sold at tax auction is if the owner of the property hasnít paid taxes in years, plural. In Washington it has to be three years in arrears before itís sold at auction, in other states it will be an even shorter amount of time.
In general, you must research an area before you head there for the tax auction. Many counties will make it very simple to find the information thatís needed. For instance Okanaga County has a website with lots of information on the area and a listing of properties that have been redeemed by the owner and wonít be available at the auction. Someone interested in purchasing properties in Okanaga County can get a property list and in the days before the next tax auction check daily on the website to see what properties have been redeemed. That way itís fairly easy to have an idea of what will be available at the auction you attend.
About the Author: Ted Thomas is a Tax Lien and Deed expert that will teach you how to turn your spare time into handfuls of cold hard cash.
Ted Thomas has taught thousands of people to easily earn huge amounts of money investing in Tax Certificates.
Ted Thomasís help is the inside edge you need to become a successful Tax Certificate Investor, and explode your Retirement Account.
To learn more go to www.screwthestockmarket.com