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TAX SALE QUESTIONS AND ANSWERS

Tax Lien Q&A

What is a Tax Lien?

A claim against assets (Real Property) filed by a government taxing authority against the delinquent tax payer. Property Tax Liens are the enforcement method used by the government for the collection of property taxes. These tax liens can be offered to investors that pay the delinquent taxes and fees. Investors earn a yearly rate of return many times in the double digits. Plus the lien gives property owners a redemption period to repay the taxes. In addition to the return the investor has foreclosure rights, if the lien is not paid back within the redemption period the lien holder can foreclosure on it and become the property owner. Tax Liens are on the safest and most profitable investment methods available today.

 

What are the 4 Ways I can buy Tax Liens?

  1. Live Auctions

  2. Online Auctions

  3. Over the Counter

  4. Secondary Market

What kind of properties should I target?

 

  • Single Family Homes

  • Condos

  • Mobile Homes/Land

  • Commercial Properties

  • Commercial Lots

  • Residential Lots

  • Raw Land

  • Vacation/Mountain

What kind of properties should I avoid?

 

  • Useless land

  • Irregular building lots

  • Land with no value

  • Property with Easements

  • Commercial land with environmental issues

  • IRS or other Governmental liens

  • Small strips of Land

What is the best way to avoid making a big mistake with Tax Liens?

Tax Lien Investing is usually less risky then tax deeds. But that does not mean education is not important. Knowing what to look for will help you from investing into a tax lien that is high risk. High risk and toxic tax liens can cost money and time. Avoid making a bad mistake by informing yourself on how to invest the right way.

Tax Deeds Q&A

What is a Tax Deed?

A Tax Deed is a form of property deed purchased from the county or state government. These properties must go through a tax deed foreclosure before being offered for sale. Most county governments offer the property for sale starting at the delinquent taxes and fees. The winning bidder will receive a tax deed or quit claim deed after the auction is over.  Tax deeds provide a unique opportunity to purchase real estate for 10%-50% of market value. 

What are the 4 Ways I can buy Tax Deeds?

  1. Live Auctions

  2. Online Auctions

  3. Over the Counter

  4. Secondary Market

What kind of properties should I target?

 

  • Single Family Homes

  • Condos

  • Mobile Homes/Land

  • Commercial Properties

  • Commercial Lots

  • Residential Lots

  • Raw Land

  • Vacation/Mountain

What kind of properties should I avoid?

 

  • Useless land

  • Irregular building lots

  • Land with no value

  • Property with Easements

  • Commercial land with environmental issues

  • IRS or other Governmental liens

  • Small strips of Land

What is the best way to avoid making a big mistake with Tax Deeds?

Honestly its education. Tax deeds is just a form of real estate investing, but in many ways more complex. But unlike most other forms of real estate you can buy property for fractions of its value. Once you understand the tax sale process, it can be the best way to buy real estate period.

Tax Redemption Deed Q&A

What is a Redemption Deed?

A hybrid of both Tax Liens and Deeds. Redemption Deeds are Tax Deed that is sold with a Redemption Period attached to them. Redemption deeds have redemption periods that range from 2 months to 2 years. Redemption Deeds offer a penalty return instead of an interest rate return. In a state like Texas for example, if the deed redeems after 30 Days you will get a full 25% return on your money. In addition some ownership rights are extended to deed holders during the redemption period.

 

 

What are the 4 Ways I can buy Redemption Deeds?

  1. Live Auctions

  2. Online Auctions

  3. Over the Counter

  4. Secondary Market

What kind of properties should I target?

 

  • Single Family Homes

  • Condos

  • Mobile Homes/Land

  • Commercial Properties

  • Commercial Lots

  • Residential Lots

  • Raw Land

  • Vacation/Mountain

What kind of properties should I avoid?

 

  • Useless land

  • Irregular building lots

  • Land with no value

  • Property with Easements

  • Commercial land with environmental issues

  • IRS or other Governmental liens

  • Small strips of Land

What is the best way to avoid making a big mistake with Redemption Deeds?

Honestly its education. Redemption Deeds are a form of property Deed, so you need to research the property as if you intend to buy it. Because there is a good chance you will probably acquire it at the end of the redemption period. With Redemption Deeds you will need to understand the entire process to avoid making a mistake.