This is going to be a short update on what I have done in the past 100 days to change my life as my 2011 resolutions.
I have to admit that my life has not changed dramatically, but I have achieve some of the goals.
- I am very close to my ideal body weight, which is 147lb.
- Eat healthy at home 5 days a week.
- Join golf membership and commit to practice twice a week.
- Officially becoming a Real Estate investor.
One of the achievements is to use my money to roll into bigger money. I truly believe that rich people will become richer faster, if they really put their money in the good use. Building a wealthy life can not be done by 9-5 full time job or 401K. Investment is the only way to accomplish that.
Recently, I invested some spare money on the Tax Lien properties. Now I am the lien holder of 5 properties. The return is only 5%, which is still better than putting money in the bank. I also don’t hope to own the properties free and clear. It will take too long to get return. It may seem like a small amount of return, but it grows bigger when you put in more fund. I have seem investor putting $m dollar and getting 13-16% out of it. I am still new to the tax lien sales investment, but I am moving fast. It’s much lower risk than investing on stock option.
My target properties has the following characteristics.
- 100% residential property
- Built after 2000
- Has good records on paying property taxes.
- Face value is between $4000 and $10K
- Improvement value is greater than $300K.
It’s amazing how many individuals and companies are investing tax lien sales. With housing market going down, the opportunities are much greater now!
The tax lien sales isn’t really that difficult to understand. Especially, it’s all done online. In the next few days, the clean-up sale will be held online, which will give me more opportunities to win the auction at 16% return. I have my eyes wide open and finger crossed.
My next goal is to increase the sales of my online services. Being an affiliate marketer in the past to sell other people’s products, I am finally moving forward to become the provider in the affiliate marketing world. It’s inevitable trend!
That is for now!
About Terence Chang