How to Buy Property For Back Taxes Owed – And Flip For Thousands in Profit
Posted by admin under: Buy Property Jul 18
Sick of the 9-5? Real estate is your key to leaving your job and moving up in the world. What you’ll need to become intimately familiar with is the right (and wrong) property to buy, and exactly how to go about getting it in the most profitable way. This property is easy to find, and easy to buy: tax sale property… bought after the foreclosure auction. It’s easy to buy property for back taxes owed at that point.
But first, understand why investing at tax sale is such a losing proposition – especially for beginners. There is stiff competition at tax sale, and the bidding will never end low enough for you to profitably buy property for back taxes owed. Additionally, this is property you can’t even visit before bidding. It could be a total pit, once you end up seeing it. As if that weren’t enough, check out this statistic: 95% of owners redeem their property after tax sale anyway.
Friend, you can buy property for back taxes owed via other avenues, so don’t get discouraged. The easiest way to get this property is from the tax-delinquent owners themselves, about nine months into the redemption period. Most of these owners are going to just let the government have the property. You’ll be focusing on these owners, above all else.
These are often properties that someone’s aunt or grandmother left – and they don’t want to deal with it. Tell them you’d like to get the deed out of their hair sooner. Tell them you can afford to pay them $200 for the time they’ll have to take out of their busy schedule to sign the papers. It really is just that easy to buy property for back taxes owed. Then, once it’s yours, either redeem or sell – it’s that simple.
Use this method and you’re sure to have success buying property, even if you’ve only got $200. And now’s the time to buy property for back taxes owed, with a bigger tax sale property inventory than ever before. Don’t put it off – it could change your life!
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Monday, July 18th, 2011 at 7:15 am and is filed under Buy Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.