In many aspects, tax deed auction and tax lien sales are quite similar but they are not totally the same. It is important to note that when you plan to buy tax lien property and bid on it, there are what we call “redemption period” or the allotted time for the homeowner to pay his dues. If the homeowner fails to pay his back taxes and redeem his property, you can foreclose it and take ownership. However, if he is able to pay, you would receive profits in the form of fees and interests. In contrast to tax liens, winning at a tax deed auction as the bidder, grants you legal and full ownership of the property when you’re going to pay the county right away. As a result, the previous property owner loses the opportunity to take back his real estate. Remember though for any of the two, the sale or auction varies for each county and state.
Important Advices About Tax Deed Sales & Auctions
There’s no other substitute on doing due diligence most especially when it comes to property investing. A big potential of making huge profits through tax deed sales is going your way. So, do not ever take down yourself with poor research. You can oppose bad investments by visiting county websites, see the property in person, or making phone calls to investigate.
Tax Deed Auction Bidding Techniques
Every tax deed auction has its own set of rules and procedures for bidding. Also, there are times when a professional auctioneer would control the pace of the bidding increments to have order. When this happens, you only have limited creative strategies and opportunities in your hands. However, you need to discover what works for you best and continue doing it. Here are some important tips that can help make a big difference on your next opportunity to attend an auction.
Large Profits from County Tax Deed Overages
You would surely notice when attending tax deed sales that there are lots of properties whose bids are way up over the opening bidding amount, which are normally amounting to the taxes plus penalties owed. The extra money from the auction is called tax deed overages. Only a few wise investors are going after these in order to get finder’s fees. With foreclosure rates nowadays at a very high percentage, it is one of the perfect home-based businesses that you can start.
Tax Deed Properties Basic Know How
Tax deeds differ from tax lien properties because when you bid on a tax deed property and win it you’re going to own the real estate. Then, you can proceed to rent the property for your own benefit or sell it for higher profits. This is different from tax liens because there is a redemption period wherein the homeowner can still keep his property by paying the back taxes.
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.
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 Foreclosure Sales Explained
Some of the best real estate opportunities today are investing properties through tax deed sales. Many are going for this since there is a deepening global economic situation happening in the United States. Tax deed foreclosures present a great way to purchase properties at a fraction of its overall cost and it is a great bargain deal. Understanding the whole process of the sale as well as knowing where to find tax foreclosure sales gives you the edge in real estate investment.
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.
Researching To Minimize the Risk…
Today I wanted to talk to you a bit of minimizing the risk of investing, and do this by research.
Tax Deeds are a great investment if you’re really expecting high return of investments in little to no time time.
