Govt Tax Lien Home
- Author Patricia Stevenson
- Published June 22, 2008
- Word count 422
Have you ever thought that you would like to become a real estate investor? Many people have thought about it but thought that in today’s tough real estate market they wouldn’t stand a chance as an investor. They couldn’t be more wrong. Making your first investment a govt. tax lien home could set you on your way to full time real estate investing.
Govt. tax lien homes can be found online, on television with toll free numbers where you can buy lists of govt. tax lien homes for sale, even late night infomercials are focusing on govt. tax lien homes as the way to invest in real estate.
The govt. will place a lien on a home where the owner owes back taxes and shows no intent to pay them. These govt. tax lien homes eventually will go up for auction to the highest bidder. The govt. tax lien homes only need to sell for the amount that the govt. needs to recoup for the taxes owed. Often there is only one bidder for the home, so if you take the time to do a title search on the govt. tax lien home to find out the taxes due, you can place a very low winning bid.
Once you have purchased a govt. tax lien home you can resell it for the amount that the home is really worth and the rest is pure profit. You can take that profit and buy two or three more govt. tax lien homes at auction in the same way as the first. Sell those and you have double or triple the profit. Now it’s time to put some of that profit away for you and use the rest to invest in yet more govt. tax lien homes. It won’t take long before you are rolling in profits and can call yourself an honest to goodness real estate investor.
If it is that easy, why isn’t everyone doing it? Well, some people are afraid of taking any kind of risk. Even buying a govt. tax lien home isn’t without some sort of risk. What if the house is damaged beyond repair? Will it cost more to fix it than you could sell the house for? If so, then you could always sell it and try to break even. Somebody will buy the house for what you paid. You did, right? Take a risk on a govt. tax lien home. I think you will find the risk well worth taking.
BuyTaxLienHome.com aims to help tax lien investors make the right investment. That's why we have created an informational site that lists all the options you have. Get an unbiased, educated opinion on Buy Tax Lien Home at www.buytaxlienhome.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- The Advantages of Incorporation for Realtors: Safeguarding Your Financial Future
- 10 essential tax-saving strategies for landlords: Maximise your rental income
- A Comprehensive Guide to Navigating the Process and the Role of Customs Brokers in the UK
- Outsourced Accounting Services for UK Businesses: A Cost-Effective Solution for Financial Management
- Top 8 Self Assessment tax return software
- How to Close a Limited Company in the UK
- Maximizing Your Finances: Unleashing the Power of CPA Services
- VAT penalties – New rules
- TAX-FREE STRATEGIES IN AN UNCERTAIN ECONOMY
- 2022 Energy crisis and failure to connect Reality.
- When Are Corporate and Personal Taxes Due in Canada in 2021?
- You Would Never Have Thought That Having Accounting Internship Could Be So Beneficial
- ACTIVATION OF UAN
- Focal motivations behind getting a Tax direct for Small Business Firms
- Avoiding the flood — tax issues with water rights in agribusiness
- Social security benefits for a family (COVID-19)
- How to use QuickBooks Component Repair Tool?
- Do you want to reduce your taxes for next year?
- Will you be responsible with your tax refund?
- Getting started with QuickBooks Enhanced Payroll in Brief
- Are DSTs Right For Your 1031 Exchange
- Tax Return Makeovers By Kenya Woodard
- Why have all crypto tax attempts failed?
- Are You a Corporation? Know Why Consulting a Tax Accountant Is Vital
- Share capital or share premium for your Dutch company?
- Everything investors should know about 1031 sponsors
- Why is the income tax so high in UK?
- Should I do my own tax return?
- Get More Money Back on Your Tax Return with help from the Tax Cuts and Jobs Act
- Don’t Fall Victim to these 3 Tax Scams in 2018