One of the most popular tax lien states is Iowa. Its interest rate per year is 24% and its redemption period is 1.75 years. The tax lien sales are held in June and all its auctions are through round robin bidding. The bidder can also opt to bid on how much percentage he can take […]
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Indiana is one of the preferred states to invest in real estate. Aside from the fact that the interest rate is favorable and flat free, the redemption period is short unlike others. The interest rate can be as high as 25% and 10% flat for the first 6 months. The second 6 months can then […]
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Illinois’ interest rate is 24% on farm land and 36% for a full year. County tax sales in Illinois are held in November and the redemption period is 2 years. Most counties require the bidder to pre-register at least 10 days ahead of the auction schedule.
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Take note, Florida is both a tax deed and tax lien state. The interest rate here is 18% and its redemption period is 2 years. Tax lien sales are held in May and June and one may win an auction through competitive bidding.
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Colorado’s interest rate is 9% plus with federal discount rate with a three year redemption period. Since the interest rate may get a bid down, it is advisable to be cautious when bidding in popular counties.
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You need to follow the people that have done it right. It’ll give you the guidelines so you don’t caught in the traps! There’s no better time to get involved…people will always tell you what isn’t going to work. This is a prime time to get involved in this business!
Winnipeg, Canada
I just bid on a lot that was valued for $62,000, and my bid was $4,000. I have a good opportunity to make much more money than I make now. If you want to be independent and financially comfortable, you can do it!
California
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Missouri
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