Are You Looking for a Sanctuary in the Current Economic Uncertainty?
Dear Rogue Investors,
Wow! The economic uncertainty is rampant as Congress is working on a potential $700 billion dollar bailout of the mortgage, banking and financial industries. We are told that this will ease the pressure that banks currently feel and loosen the credit markets. In turn, banks will once again start to loan to one another as well as to you and me.
$700 billion dollars equates to about $2,300 dollars per person in the United States. When I say person, I mean any living human being in the U.S. So that means all 6-month-old infants better find a way to cough up $2,300 dollars. All 79-year-old retirees living on a fixed income of Social Security better find a way to cough up the extra dough. All college seniors graduating with $80,000 of student loan debt better tack on an extra $2,300.
Although the exact bailout details and figures are being worked out even as I write this, my point is the numbers are staggering and the bailout will hit the middle class working families the hardest, which will likely result in higher taxes, fewer government programs and probably a weaker dollar.
So why do I mention this?
You need a safe investing hedge against this volatile market.
As you probably know, I like investments backed by hard assets. I also like to diversify into other growing markets. For me, this equates to the following:
1. International properties,
2. Foreclosures, and
3. Tax liens and tax deeds.
First, if you only have your money tied up in North America, especially the United States, you should consider the benefits of diversification into other markets and currencies. Everyone is talking about investing in China and India. There is even a new buzz word called “Chindia.” Nevertheless, there are plenty of other international markets experiencing high growth as well as markets with strong and stable currencies. Two of my favorite markets are southern France and the Dominican Republic.
Second, I discussed the benefits of investing in mortgage foreclosures right now. Perhaps never has there been a better time to buy foreclosures at significantly reduced prices than now. Banks are desperate to unload these non-performing assets and you can take advantage of this problem. Read this article to find out one of my favorite foreclosure markets: http://www.rogueinvestor.com/newsletter/foreclosure_fortunes_MO.html.
Finally, if you thought investing in tax liens and tax deeds was a good deal just a few years ago, guess what? This is one of the best times I have ever seen to be a tax lien investor. That’s because the tax lien market runs counter to the economy. Or to put it another way, when the foreclosure market is at its peak so is the tax lien market. If you think about it, the tax lien market is a subset of the foreclosure market. So right now there are more tax lien certificates and tax deeds to buy than investor money. That results in great deals.
With an average foreclosure rate of 1 in every 464 houses across America, you can imagine that taxes are not being paid by many homeowners, real estate investors, developers, and vacation property owners. Even banks are now delinquent in paying taxes on the properties they have seized. And remember, if you are a tax lien holder, you have superiority over a mortgage lien holder. To put it simply, even a bank has to pay taxes.
So how do you get in the game?
As Nike likes to say, “Just do it.”
· Read the Rogue Real Estate Investor Collection,
· Work through the online course,
· Write down your goals,
· Send us questions if you have them,
· Sign up for and attend a tax sale,
· Try out the over-the-counter tax lien market, or
· If you feel like you need training, visit me in Austin, Texas on November 30th through December 2nd for three days of hands-on training in the classroom, in the field and at a live auction. This is the most practical training you will ever receive in tax lien investing. As a bonus, I will talk about foreclosures, international properties, self-directed IRAs, and how to set up a business. If you are not 100% “blown away,” I will give you your money back plus you can keep the course materials. To sign up, call us at 1-913-381-4520 or visit this link: http://www.rogueinvestor.com/newsletter/super-investor-tax-lien.html.
Happy and Peaceful Investing,
Michael Williams
P.S., I am looking for motivated people to help me sell our real estate products. If you are ready to make an extra $30,000 to $120,000 per year selling the sizzle of the Mediterranean, the tranquility and paradise of the Dominican Republic, or the stability and high returns of tax liens, please contact our office to set up a phone interview.
P.P.S. If you live near Las Vegas or Chicago, I will be speaking at Extreme Wealth in Las Vegas (October 2nd – 5th) and the Wealth Expo in Chicago (October 17th - 18th). Please feel free to meet with me in person.
Happy investing,
Michael Williams
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