Tax Sale Property And Overages Investing Made Easy
Every successful investor you know has real estate in his portfolio; it's a solid investment
. What you'll need to become intimately familiar with is tax sale property and overages investing, and exactly how to go about getting it in the most profitable way. Here's how to buy free and clear tax property for as little as a few hundred dollars.
If you've heard from other investors about the great deals at tax sale, they may just be trying to thwart you. Competition ensures you won't get any bargains. Additionally, this is property you can't even visit before bidding. It could be a total pit, once you end up seeing it. And last but not least - most owners redeem their properties after tax sale, leaving you with nothing but a refund.
Good news: this isn't how you want to buy tax property in the first place. The end of the redemption period is a golden time in tax sale investing; approach the owners then, and you'll get plenty of property. The owners that haven't bailed out their property by this point, probably aren't planning to.
This is the best source of cheap, easy property You'll often find these owners live across the country, and that this is a second home, or inherited home, that they just don't want to deal with anymore. The deed is worthless to them - so just ask if you can have it! For their trouble, offer them $200. Next is up to you to decide whether you keep the property, or sell it and let the new owner deal with the taxes. Either way, you profit big time.
You won't find another way to get tax property for under $200. Don't wait another day to jump in - this is a golden era economically for tax sale investing.
Want another huge tip? in most counties, any amount that's bid over what was owed on the taxes on the house belong to the owner that lost the property. But the former owners are often unaware of this! They almost never figure it out, because communication is sent to the tax sale address - and they don't live there anymore. And if the owner doesn't find out about it and collect it in time, the government seizes it. Precisely why tax sale property and overages investing is rarely talked about.
Here's the loophole for you: in most places these funds aren't subject to state finder's fee laws. That means that by helping these owners collect their forgotten money, you can charge up to 50% as a finder's fee. Since you'll often find overage amounts like $10,000, $20,000 and more, that means tax sale property and overages investing is an easy six-figure income for you.
by: Maggie Dawson
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