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Take control of your financial future! Hello Rogue Investors, Are you ready for a wild and profitable ride? I predict this year will be a great year for you to make money in two real estate markets and I will show you the way to profits in both. TAX LIENS The first market is tax liens. When real estate conditions are soft in the United States, tax liens represent possibly the best balance of risk and reward you can find in real estate investing. At the sales, especially in rural areas, there are more properties and fewer bidders, giving you higher interest rates and more chances for a few liens going to deed. First up is Arizona. In this state the market has been very soft, notably in Phoenix, so I predict good Arizona tax sales starting this year and likely continuing for at least a few more years. Many counties have online sales in this state. Here are the links to the sales and their dates:
Apache
County
Cochise
County
Coconino
County
Gila
County
Graham
County
Greenlee
County
La Paz
County
Maricopa
County
Mohave
County
Navajo
County
Pima
County
Pinal County
Santa Cruz
County
Yavapai
County
Yuma
County Here are some tips for investing in Arizona tax liens. Buy a quantity of liens, at least 10 to 20 is best, so the odds of at least one foreclosure are higher. Also, remember this: foreclosures rates on raw land are usually the highest and on residential homes the lowest. One strategy you should consider in this state is buying 10 to 20 liens with the objective of picking up a few parcels of land for only the taxes owed. Look for liens on residential lots in areas where services are available (water, sewer, electricity) and at least a few homes have been built. Be patient. The redemption period in this state is 3 years. This means that on first year liens you will need to continue paying the next years’ taxes for two more years before you can foreclose on the property. Investors who can afford to buy 25 liens or more should consider buying liens on residential homes in markets where real estate sales are slow. The chances of foreclosure are much higher than past years. Also, Arizona property taxes are based on only a percentage of the total value of the property, so it is possible to pick up residential properties for a fraction of what they are worth. However, often you will need to buy many liens to have one go to foreclosure. If you are a beginning tax sale investor and want personal guidance through the entire tax sale investing process, come join us for a special one-day Tax Lien Seminar in Kansas City, Missouri on Saturday, February 24th. For more information, please visit http://www.rogueinvestor.com/tax_lien_course.html or call us at 913-381-4520. DOMINICAN REPUBLIC The second market that is heating up is the Dominican Republic. Mike and I profiled this undiscovered investing jewel in the last newsletter, but I am happy to say that Rogue Investor in combination with some other investors just purchased 45 acres of spectacular ocean view/deeded beach access land in the Dominican Republic. This land, now called Ocean Star Estates, will be the focus of my next newsletter. Take care, Bryan
Rundell |
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