Some people act like selling a property gives the buyer the opportunity to instant profit free and clear. Well, sometimes that is not the case. Do you know why? It is because of expenses. No matter how someone chooses to sell their property, either in an FSBO (For Sale By Owner) or tax lien sale, there would always be expenses involved. Some of these would be:
What if a Tax Lien is attached to a Property Transferred in Divorce?
In recent years, there are a number of cases involving some transferred real property in divorce settlement where tax lien is attached. Usually, in a divorce settlement a wife is awarded some property and the husband is ordered to execute a divorce decree and a quitclaim deed on the transferred property. The next best thing to do is to register the conveyance and the quitclaim deed to avoid any unexpected problem in the future.
Save Your Property and Assets from Tax Lien
It is always a good habit to file your taxes in order to avoid a tax lien being used against your property. But if you fail to pay, regardless of how ugly or hopeless the situation may be, there is a chance to fix it, and sooner the better.
Pros and Con’s of Investing in Tax-Lien Properties
A tax lien is something no one wants on their record because it can be such a financial burden to overcome. When a owner of a property does not pay local or state taxes the government has the option to place a lien on the property. Once this takes place, the government issues a tax-lien certificate, which are usually sold in most counties and cities to people who are looking to invest in tax-lien properties through an auction process. Investing in tax-liens can have huge benefits but there can also be some risks to go with it. Here are some of the pros and cons of Investing in tax-lien properties.
Tax Deed Sales Smart Choice for Property Investment
Tax deed sales allow the government to assist in generating lost income from properties in which the owners failed to pay back taxes. Buying a deed from one of the delinquent properties doesn’t only help the government but also provides a wise investment for a buyer. Familiarizing with the sale process is highly advisable before the auction. You can readily get information about these because it’s considered public information.
Government Property Foreclosures and Tax Liens
Sale of tax liens are conducted by a local taxing authority of the government for delinquent taxes on real estate properties. It’s one of the methods for collecting taxes and the other one is tax deeds. These are measures by the county or state tax foreclosures.
Make Money from Tax Lien Properties
In today’s tough times, many people have failed to pay their monthly mortgage payments. For one reason or another, rarely does anyone think about what happens after property owners vacate their home. Some real estate investors would readily look for these homes and are eager to buy tax lien properties in order to make quick profits in the shortest time possible.
Buy a Tax Deed Property for Back Taxes
If you are hoping to acquire great deals on investment properties or a home to live in with your family, then consider buying a tax deedhome. There are a number of ways in which you can do this.
Tax Deed Overages…. Making Money Without Cashing In?
Although it is widely know that Tax Deed sales are a great investment option, sometimes the competition can get pretty high, depending on what county you are investing in.
Sam Helsper Live Auction Testimonial
“I think you should use Dustin Hahn’s website….We bought a $17,000 property worth about $50,000…With about $5-$10,000 in repair, we could easily flip it and sell it….We also had a $25,000 house worth about $200,000. Needed some new carpet, paint, but you could easily flip the house for a profit.” – Sam Helsper
