Day Trading Tips

How To Buy Tax Liens Online Safely & Successfully

Click here and sign up for one of our educational Tax Sale webinars - http://www.taxsalelists.com

Hi, its John Lane from TaxSaleLists.com...if you do know about taxsalelists.com we are the website that has provided tax sale lists, over 10,000 a year, for the past eleven year and also provide the only tax sale training done by somebody who has been a major buyer of tax liens (over 77,000 tax sale properties acquired over the past 20 years).

A number of you have wanted to know more about online auctions so today we are going to go over the Five Best Tips for buying tax sale properties online.

There are over 1,000,000 properties on tax sales that are conducted online...that is almost 35% of all tax sales.

These are the five most important things to remember.

Number 5: Start your due diligence the day the list becomes available...most online sales have large lists and you have a lot of time to do the due diligence, but start immediately.

Number 4: Get registered for the sale immediately and determine how much of a "deposit" you are going to have to make. Download the auction rules so you are sure you understand how it works.

Number 3: Make sure you take part in the practice sales (almost all the online sales have practice sections).

Number 2: Prepare a bid book of the properties you want to bid on and what you want to bid for each property based on the rules of the auction. Enter your bids at least two days before the deadline and review your bids once entered to make sure they are correct.

Number 1: Determine what you have purchased and make sure you send in the rest of the funds required to pay for your purchases in a timely manner.

To sum it all up.

Online auctions are easy as long as you make sure you understand the rules and meet the various time deadlines that are required. It is absolutely critical that you do your due diligence before bidding...but almost all of it can be done online.

If you would like to learn more about tax sales, we regularly hold a free webinar about tax sales that will answer all your questions about tax sales.To register for it, just go to http://www.taxsalelists.com or click the link below in the description.

How To Buy Tax Liens Online Safely & Successfully
http://youtu.be/hVnVkTPSqYE