Buying A Home With Back Taxes The Profitable Way
- Author Maggie Dawson
- Published January 9, 2011
- Word count 487
Are you letting fear hold you back from investing in real estate? Don't. Get educated, and take the leap. But not just any investment will work - buying a home with back taxes is the best place to start. Here's how to buy free and clear tax property for as little as a few hundred dollars.
Tax sale is not the place to get this property. In case you need convincing, consider this. The bidding process ensures that every desirable deed will be bid up close to market value. Still need a reason? You can't visit any of the properties before the auction - you have to bid blindly. And don't forget - the owners have a year after tax sale to redeem the property - and usually do. Buying a home with back taxes for a real profit will require a bit more creativity.
This isn't bad news - there's a much easier and more profitable way to buy tax property. The tax delinquent owner himself is your best prospect - but only if you approach him at the end of the redemption period, when he is just about to lose the property for good. You won't find many owners still trying to pay their taxes - most have decided to just let the property go.
These owners' properties will be easy to purchase. You'll find a lot of heirs, landlords, and people who just bought the property thinking maybe they'd do something with it one day. All of them no longer want the headache of maintaining the property. You don't need to do much else but ask, and these folks will sign over the deed. Toss in a few hundred dollars as payment for their time. With $200 invested, you can then afford to sell for cheap and take your profits immediately! Or, redeem, and keep the property.
Use this method of buying a home with back taxes and you're sure to have success, even if you've only got $200. The number of tax foreclosures is through the roof, so don't wait to get started.
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. More often than not, the owners don't understand their legal right to the money. Notifications from the government often go to the tax sale property, where they no longer live. Unfortunately for the owner, if they don't collect the money in time, they'll lose it - permanently.
Here's where you come in - since these funds aren't held by the state, they are usually not subject to state laws about finder's fees. So that means that you can charge whatever you want as a finder fee for your information and help recovering the money. Since these are real estate overages, they're often for high amounts - which means lots of profits for you.
Foreclosure rates won't last - act now!
Wondering what to say to claimants? For a limited time, learn the techniques for FREE in our Tax Sale Overages training e-book.
Interested in owning tax property?
Visit DeedGrabber.Org now to learn the "magic words" to say to owners to get their deed for $200 or less.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Commercial Cleaning Services in Auckland: A Deep Dive into Angel Cleaning
- Can AI Replace Writers? An In-Depth Look for Marketers in the Digital Age
- How Anyone Can Start an Online Business Selling Digital Products
- Introduction to Commercial Cleaning Services in Auckland and North Shore
- The Value of a Startup Coach: Guiding Entrepreneurs Toward Success
- Can I Do Affiliate Marketing Without Showing My Face? A Complete Guide for the Camera-Shy Marketer
- How to Merge Images: A Step-by-Step Guide for Online Marketers
- Steady Slope Marketing: Launching Your Small Business with Google My Business and Digital Marketing
- Why Aqueous Ozone Disinfecting is Revolutionizing Restaurant Hygiene
- Top 5 Ways To Generate Low Cost Website Traffic
- 5 WAYS TO EARN MONEY ONLINE FROM CONTENT WRITING
- Our Journey: The Story Behind All Seasons Cleaning Services
- All Seasons Cleaning Services: A Commitment to Excellence in Exterior Maintenance
- All Seasons Cleaning Services: Your Trusted Partner for Roof Cleaning in Vancouver WA and Portland OR
- Energy Efficiency Considerations for Sliding Glass Doors
- The 7 Best Ways To Make Money Online From Home
- 8 Compelling Reasons to Hire the Best Interior Design Firm in Dhaka
- The Ultimate Guide to Selling Your Land in Lee County
- The Process to Make Cannabis Oil
- How to Choose a Profitable Online Course Niche in 2024: A Complete Guide
- Sustainable Comfort: Exploring Heat Pump Replacement Services in Milwaukee
- From Dog Bite to Bath Bliss: The Tale of Bayside Soapworks
- Keeping Your Milwaukee Home Cool and Comfortable: A Guide to Home Air Conditioning Services
- Mastering the Art of the Hustle: Golden Rules for Success
- The Advantages of Toca Boca: Engaging, Educational, and Entertaining
- ac repair somerset
- How to Get the Money to Start Your Business: 3 Simple Steps – No Credit Needed
- How to start making passive income through affiliate marketing.
- How to Start Your Supermarket Business in Dubai?
- The Art of Stain Removal: Proven Techniques for Tackling Tough Spots