All Forum Posts by: Jean Norton

Do I need Asset Protection if I don't Have Assets?

You might find out why having an entity will help even if you don't have assets...

New Blog Post http://www.jeannorton.com/lets-talk-asset-protection/ ?#?realestate? ?#?assetprotection?

I recommend getting separate meters, but I have no idea what that will cost you.

Join me Saturday at 4PM Central time when special guest, Jinean Florom joins me to discuss options on how to handle disputes within real estate parties, especially when the project is certain to experience significant losses. Jinean is an experienced negotiator in these situations, and where not everybody walks away happy, they at least don't walk away threatening lengthy law suits. Register here. http://www.jeannorton.com/jeanscalls/

Thank you @Eric Odum - I just found out the news myself. I heard from his junior partner, friend, associate and fellow attorney this evening as I had another issue with the HOA and reached out to the staff. Adam Knight reached out to me to tell me the news and assured me the office is still running. Adam claimed they are all in shock and trying to keep the office in order, and assured me they are there for me and all of you too. Mr. Hicks legacy will remain.

In Florida, homestead properties, once they come to tax deed auction, start with a minimum bid of 50% of the appraised value. I just held a conference call on this subject and the recording is on my blog.

My worst investment was taking on too large a project before I was ready - added square footage on my 2nd rehab.

Actually some will bid down to .5 - with confidence they will get the minimum 5% penalty. Most are redeemed shortly after the sale, so for them they can do a full blown risk analysis and probably enjoy an annualized high return. It's tricky, but can be fun.

You can register in any state, but you also need to register in the state you do business as a "foreign" entity. If you know you will invest in PA and no place else, you might consider registering your entity there, however you will need to have an in-state person to name as your local contact.

Every state is different. Yes, you CAN lose money, which is why it's so important to have a chance to do research on the property. I haven't found Florida to be one of those states where you actually end up with the property by default. I may look into Indiana. Thanks guys!

I myself, earned 17% and 18% interest on my investments and got every single certificate redeemed, paid in full with those interest rates. And I did it from the comforts of my own home in Austin, TX.

Bring your questions to tomorrow's tele-conference on Monday, May 5 at 4PM Eastern time and I will do my best to answer ALL your questions. Register for the call at http://jeannorton.com/tax-lien-call

I can tell you it's not brain science - but it is a legal statute in the Florida laws, so it can be a little confusing.

1.Florida laws DEMANDS 18% interest for unpaid taxes

2.The Counties PREFER to get their money NOW, and are willing to pass this interest on to you.

3.No other financial vehicle offers such a high interest rate (other than private transactions).

Please join me on Monday and I will tell all on how I did this! CLICK HERE to register.

Happy investing!

Jean Norton
http://jeannorton.com/dd

P.S. Please forward to friends that may be interested in earning Double Digits on their investments.

P.P.S. Yes, CNN even wrote about my results, CLICK HERE to read more.