At 5:30 am on April 24th I pull into the Fairplex facility with My Baby My Baby (now her registered name) to present to the bloodstock agent. Damn, she looked good and came off the trailer in fine tune. She was placed in a stall, brushed down and made ready for presentation.
There are not a lot of good properties in these left-over sales, but there are a few. They tend to get picked over pretty fast though, so you want to register for these tax sales and get your bids in as soon as you can. Make sure you do your due diligence on these properties before you bid!
CTEC approved provider Every cloud has a silver lining. Although New Jersey boasts the highest real estate taxes in the country, they do not tax social security or military pensions. They also keep groceries, medicine and clothing exempt from the sales tax. This state might still stay on your best states to retire in radar when it is mentioned thatit also allows residents 62+ with incomes of $100,000 or less to exclude up to $15,000 ($20,000 for married couples filing jointly) of pensions, annuities and IRA withdrawals.
So, does any of this sound interesting? If you want some money for college, it should. Scholarships for adults going back to school have simple qualifications. Visit the website of an affiliated company, enter your name and email address, and learn which scholarships could be yours! It’s free, and the effects on your life could be endless.
CTEC courses Finally, I learned something that shocked me more than anything else I had learned during this whole ordeal. I finally found out why the big banks like Bank of America, Wells Fargo, J.P. Morgan Chase, Citigroup and many others, are so reluctant to agree to a loan modification or Short Sale on the mortgages they own. I learned why they fight and stall homeowners when they ask to do a short sale or loan mod.
CTEC classes Because the state law requires delinquent property owners to pay a 15% penalty year one and a 50% penalty year two. There was no book in the library that could tell her what to expect or even give her basic information.
Our businessman is working on the wrong problem. The problem is not money, or the problem would have been gone. Kevin thought the problem was money. It wasn’t. He had already poured $300,000 into the San Bernardino building, on top of the $209,000 1st Trust Deed loan that came about when he bought the building. Before he was finished, he spent over $500,000 in a building that needs $100,000 to finish, but was only worth $475,000, after it was finished.
What comes next in your tax act liens investing education? You need to get very specific about what you want. Develop a shortlist of properties that have caught your attention. Once you have done that then you must visit each one of them to determine how financially viable they are. You need to know the shape that each one is in before you decide to take the plunge. All sales of this sort are final which is why you must be absolutely certain about your investment choice before you purchase it. You need to know for yourself what the condition of each and every property is.