Hello Rogue Real Estate Investors,

Welcome to your Special Edition Newsletter.

First, as promised, I want to roll out what you have been asking for: hands-on training.

My first stop is California.

As part of my tax sale research trip covering the desert Southwest, I will be in Southern California during the week of September 26 - October 3, 2004. While I am there, I will host a one-day real estate investing seminar in Orange County on September 29, 2004.  

If you are a beginning tax sale investor and want personal guidance through the entire tax sale investing process, come join me!

Also in response to your requests, my entire staff has been busy at work researching negotiated sales lists across the country. In the seminar, I will take you step-by-step through the over-the-counter tax sale process using "live" over-the-counter lists that feature properties that can be purchased through the mail.

For more information on the California Tax Sale seminar, please visit the following web page:

www.rogueinvestor.com/tax_lien_course_discount.html

But what if you can't make it to the tax sale?

No problem.

Again, in response to some of your requests for more detailed assistance, over the past several months my partner and I have been working on a way for you to be able to receive the tax sale guidance and information you need without leaving the comfort of your own home.

We think we can meet your needs.

On September 17, 2004, we will start our next online tax course. The course includes 11 separate lessons and covers virtually every aspect of tax sale investing. You can complete the course at your own pace. You are also free to ask us questions any time as you proceed. When you finish each lesson, you get to test your knowledge of the subject area. 

To participate in the online course from anywhere in the world, all you need is an Internet connection. As part of the course, you will also be provided with live tax lien certificate and tax deed sales lists, so you can learn how to research real properties from the privacy of your home.

To assist you along the way, we have created a private, tax sale investing forum located at www.tax-lien-certificates.com/forum. You can use the private investing forum to post your questions and I will personally monitor it. 

As an added bonus, my partner and I have also decided to use this private investing forum as the location where we will place the results of our latest tax sale research. This will include:

• Detailed research we have conducted on upcoming tax sales.
• Evaluation of individual properties that look interesting to us.
• Copies of tax sale lists that the counties require us to buy.

You are free to use this information for your real estate pursuits.  

Sign up for the online course and investing forum and you will literally have a tax sale research team behind you.   

For those of you who have already purchased the online tax lien course, you can use your existing password to access the investing forum. Also, we want you to be aware that we have already started adding new state-specific modules to the course. These state modules will include live tax sale lists and opportunities for bidding through the mail.

If hands-on training and access to our tax sale research from the privacy of your own home sounds interesting, we invite you to visit the following web page:

www.rogueinvestor.com/tax_lien_course_discount.html

Thank you for your interest,

Bryan Rundell

FEATURES

A Tale of Two Tax Sales

Recently my partner and I attended two separate tax sales in the same state on the same day. This crazy schedule is courtesy of Missouri, a state that conducts every county tax sale on the same day at the same time, once per year. But that is where the similarities ended. 

At the beginning of the Clay County sale, the rules were read aloud, but once bidding started there were no rules. Bids came in late, bidders sometimes broke the rules by not bidding until the bid was supposedly over, and some bidders did not even bid in the correct increments. In Missouri , you bid the property up, and the interest rate of 10 percent stays the same.

In contrast, no one read the rules aloud at the beginning of the Camedon County sale, but the bids were strictly controlled to the point that the county stated the bid increments. Also, since Camedon County is a rural county, competition was limited. Although over 75 people attended the sale, only a few actually bid on the tax liens. The atmosphere was cordial and the sale went smoothly.

In the end, we left Clay County with one large lien and Camedon County with five smaller liens. Not bad for the effort. As an added bonus, most of the liens we purchased in Camedon County can be converted to a tax deed in 90 days.     

Here is a lesson on why you should always be familiar with the most current regulations governing the sale: Missouri just changed their laws, so that any money that is bid over the minimum bid no longer receives interest. 

This drastically reduces the incentive to over bid for properties, unless you are sure they are going to deed and you understand the market value of the properties.   

Missouri has first, second, third and fourth generation liens. The third and fourth generation liens can go to deed in 90 days or less. These are the type of liens we were able to buy in Camedon County . Based on another change to Missouri tax sale laws, next year properties that are delinquent for one year or more will be in the sale. This is a change from the previous two-year delinquency period.

Every year Missouri seems to come up with a change to their tax sale laws. In fact, we have observed that every year more that 50 percent of the states change at least one aspect of their tax sale procedures. 

This is why we keep updating our products. We are currently working on the 5th edition of the Rogue Real Estate Investor Collection, and we have only been selling the product for two years. Our latest revision is going to be very comprehensive. 

We are personally researching over a hundred counties for this revision, and in many cases we are performing both online research and calling the county for more information. On average, we also visit at least two tax sales per month to keep up with tax sale trends and strategies. 

Frequently updating our products is a lot of effort, but I think it is necessary. Stick with us and we will try to continually provide you with the most up-to-date tax sale information possible.     

Upcoming Tax Sales

California

Placer County
http://www.placer.ca.gov/tax/tax-sale.htm
Sale date: October 29, 2004

Illinois

Dupage County
http://www.dupageco.org/treasurer/generic.cfm?doc_id=1622
The tax sale will begin on November 22, 2004 .

Lake County
http://www.co.lake.il.us/treasurer/taxsale.asp
The tax sale will be held on December 6 and 7, 2004. You must pre-register by November 16, 2004.

Champaign County
http://www.co.champaign.il.us
Champaign County's Annual Tax Sale of delinquent property taxes will be held on November 4, 2004. A listing of delinquent properties is available in advance from the County Treasurer's office. The Tax Sale Buyer Registration Form is due on October 21, 2004, to the Treasurer's office. For
further information regarding qualifications for tax buyers and other additional information, please
contact the County Treasurer at Treasurer@co.champaign.il.us or (217) 384-3743. The County's web site is not very useful.

In addition to the Annual Tax Sale, the Champaign County Board has authorized direct sale of some tax certificates. To participate in the Champaign County Delinquent Tax Program, please contact the Champaign County Trustee at (800) 248-2850. 

Indiana

Marion County
http://www6.indygov.org/treas/taxsale/proptax_2003.htm
Sale will be held on October 7, 8 and 13, 2004.

Arkansas

http://www.state.ar.us/land/land.html
Tax deed sales are still being conducted. We will attend some sales in this state in October.

Texas

Sales occur on the first Tuesday of every month. In October 2004, we will be going to a Texas tax deed sale.

Oklahoma

All tax lien certificate sales occur in October. We will attend at least one tax lien certificate sale in Oklahoma.