Have you ever wondered what happens when someone bids more for a property at tax sale than is owed in back taxes? Or what happens when someone rich dies and they don't have any heirs that realize it? These overages owed by county governments often sit uncollected for years. Here's why they don't want you to find it.
Monday, February 1, 2010
"Can you make money buying tax deeds to properties?" The simple answer is: of course! If you are able to get a property at tax deed auction for a low enough amount, and the buyer doesn't redeem the property in the year waiting period afterwards, and then you are able to sell the property for a profit, then yes: you can make money buying tax deeds to properties. However, there's a much simpler way, and a big tax sale secret when it comes to buying tax deeds.
Monday, February 1, 2010
When you hear the term "property tax overages", you may think it's referring to people paying too much for their property taxes. It's actually quite the opposite. The term "property tax overages" usually refers to when people lose their homes to tax sale - it's the amount of money bid over the amount of taxes owed when a bidder bids on a property at tax sale auction.
Tuesday, September 15, 2009
Here's a quick tip for tax property investors: forget tax deed sales and buy directly from the owners. Learn to do that and you can avoid all the headaches you'll find trying to buy property at tax deed sales. If you're new to investing in tax deeds, you'll quickly learn what those headaches are, probably after attending only one or two sales.
Tuesday, September 15, 2009
Here's a quick tip for tax property investors: forget tax deed sales and buy directly from the owners. Learn to do that and you can avoid all the headaches you'll find trying to buy property at tax deed sales. If you're new to investing in tax deeds, you'll quickly learn what those headaches are, probably after attending only one or two sales.
Monday, September 14, 2009
If you're getting into real estate investing, you may have seen infomercials for investing systems that have you thinking that buying tax property is as simple as going to a tax sale and paying the back taxes. Not so. Before you get too attached to the notion of buying property at tax lien auctions, make sure you understand how they work.
Monday, September 14, 2009
If you're getting into real estate investing, you may have seen infomercials for investing systems that have you thinking that buying tax property is as simple as going to a tax sale and paying the back taxes. Not so. Before you get too attached to the notion of buying property at tax lien auctions, make sure you understand how they work.
Monday, June 29, 2009
I’ve got news for ya, and I’m sorry to say that it’s not good news. If you’re just now looking into investing in tax delinquent property at tax sales, you may be too late to make any real money. If you don’t believe me, go ahead- attend an auction. You’ll be lucky if you can squeeze into the auditorium where the auction is being held. So many people have seen the infomercials or heard the radio ads about tax sales investing that now this “niche” is overcrowded. It used to be that you could go
Monday, June 29, 2009
Despite media reports and expert commentary to the contrary, the federal government is trying to stabilize the nation’s capital markets. Its approach has been to help revitalize what has historically been the locomotive that pulls the economic train here in the United States – real estate. No doubt, it is doing its part to reform the U.S. housing policy as it relates to home ownership and investing but this administration is also focusing on another avenue of housing: renting.
Tuesday, March 9, 2010
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