For those interested in seeing Europe without the constant, hectic bustle of tourism, relaxing cruises on the Rhine River have proven to be a hit. In addition to a never-ending opportunity to learn to speak German, here is a list of several fun activities to partake in during a Rhine River cruise: Allstate: This town includes a medieval castle, a parish church dating to 1794, a historical museum, and numerous delicious restaurants. Glattfelden: Situated on the River Glatt just above its junction with the Rhine, this town is the hometown of Swiss writer Gottfried Keller and is frequently referred to in his novel “Der grüne Heinrich.” Over an old stone bridge is the nearby old town of Eglisau. Rheinfelden: A little town of 7,000 inhabitants situated on the left bank of the river, Rheinfelden is home to a popular salt-water spa, ancient walls and towers, the Fricktaler Museum, and St. Martin’s Church, which dates back to the 15th century. German Beer: Germans produce the best beer in th
Determine If Tax Lien Investing is Something you would enjoy
Before you even decide to get involved with tax lien certificates, you should understand the rewards involved as well as the risks.
You must realise some typical terms and methods like bidding down the interest, bidding on the premium, bidding on the ownership and redemption periods. When you have a good grasp on the fundamentals of buying tax liens, you should decide if this is something that you would really like.
If you determine that Tax Lien Investing is something you would like, read on!
Select an online resource for Buying Tax liens
Locating a website to buy tax liens is actually easy to do. Tax lien sales are processed at the courthouse so you should probably start by finding the website of tax collector for county you want to invest in.
You could use the google search engine and enter terms like "buy tax liens in texas" or "counties in texas with tax lien sales." Replace texas with whatever state you are interested in. For example, if I wanted to invest in a county in Florida I would type in "Florida Tax Collector" in the Google search engine.
This step will give you a lot of results to filter through.
Join A few Tax Lien Websites
Keep in mind that not all Tax Lien auctions are available online so your county of choice may not be available.
You should be prepared to provide personal information about yourself such as your social security number, name, address, etc. You might need to set up an account and or provide a deposit which will be required if you want to be a bidder. There could be a minimum requirement to register as a bidder. Don't worry it is refundable.
Understand how the Tax Lien Bidding process works
There are several different types of bidding methods involved in a tax lien auction. In the cases where more than one investor wants to bid on the same property, one of the following five methods is used.
When multiple investors are involved, the winner is determined by one of the following methods. Bid Down the Interest.with this method, investors will bid against each other to see who will accept the lower interest rate. In some cases the interest rate can go as low as 0%, but this is rare.
Premium.Under this method, the investor bid against each other to see who will pay the higher "premium" (above the face value of the lien). The additional premium may or may not earn interest, and (in some states) the investor might not get the additional premium back if the lien is redeemed. Colorado is one state that does this.
Random Selection.bidders are selected randomly when this method is used. Typically a computer is used to select bidders at random, but this can vary from county to county. Nevada uses the random selection method.
Rotational Selection. With this method, the first lien will be offered to the investor holding bid ticket number one. If this bidder refuses the lien, bid ticket number two may then bid. However, bidder number one will not be offered another lien until their ticket number comes up again in the rotation. The next lien then goes to the next number in line.
Bid Down the Ownership. A few states use this method of bidding on the ownership. The winner is the investor willing to accept the least % ownership on the lien. An example of this would be a case where the winning bidder only owns 60% of a tax lien. If the lien is not redeemed, the bid winner only receives 85% ownership of the property with the remaining 15% owned by the original owner. In actuality, very few investors will bid on liens for less than full ownership to the property.
So in the even there are multiple bidders on the same tax lien, the random selection method will be used. If a tax lien is not purchased at an auction, the county will take possession of it. Liens not sold at auction will then be available for "over the counter" purchasing.
Before you even decide to get involved with tax lien certificates, you should understand the rewards involved as well as the risks.
You must realise some typical terms and methods like bidding down the interest, bidding on the premium, bidding on the ownership and redemption periods. When you have a good grasp on the fundamentals of buying tax liens, you should decide if this is something that you would really like.
If you determine that Tax Lien Investing is something you would like, read on!
Select an online resource for Buying Tax liens
Locating a website to buy tax liens is actually easy to do. Tax lien sales are processed at the courthouse so you should probably start by finding the website of tax collector for county you want to invest in.
You could use the google search engine and enter terms like "buy tax liens in texas" or "counties in texas with tax lien sales." Replace texas with whatever state you are interested in. For example, if I wanted to invest in a county in Florida I would type in "Florida Tax Collector" in the Google search engine.
This step will give you a lot of results to filter through.
Join A few Tax Lien Websites
Keep in mind that not all Tax Lien auctions are available online so your county of choice may not be available.
You should be prepared to provide personal information about yourself such as your social security number, name, address, etc. You might need to set up an account and or provide a deposit which will be required if you want to be a bidder. There could be a minimum requirement to register as a bidder. Don't worry it is refundable.
Understand how the Tax Lien Bidding process works
There are several different types of bidding methods involved in a tax lien auction. In the cases where more than one investor wants to bid on the same property, one of the following five methods is used.
When multiple investors are involved, the winner is determined by one of the following methods. Bid Down the Interest.with this method, investors will bid against each other to see who will accept the lower interest rate. In some cases the interest rate can go as low as 0%, but this is rare.
Premium.Under this method, the investor bid against each other to see who will pay the higher "premium" (above the face value of the lien). The additional premium may or may not earn interest, and (in some states) the investor might not get the additional premium back if the lien is redeemed. Colorado is one state that does this.
Random Selection.bidders are selected randomly when this method is used. Typically a computer is used to select bidders at random, but this can vary from county to county. Nevada uses the random selection method.
Rotational Selection. With this method, the first lien will be offered to the investor holding bid ticket number one. If this bidder refuses the lien, bid ticket number two may then bid. However, bidder number one will not be offered another lien until their ticket number comes up again in the rotation. The next lien then goes to the next number in line.
Bid Down the Ownership. A few states use this method of bidding on the ownership. The winner is the investor willing to accept the least % ownership on the lien. An example of this would be a case where the winning bidder only owns 60% of a tax lien. If the lien is not redeemed, the bid winner only receives 85% ownership of the property with the remaining 15% owned by the original owner. In actuality, very few investors will bid on liens for less than full ownership to the property.
So in the even there are multiple bidders on the same tax lien, the random selection method will be used. If a tax lien is not purchased at an auction, the county will take possession of it. Liens not sold at auction will then be available for "over the counter" purchasing.