How to Buy Tax Delinquent Property From Owners – Without Competition
Tired of trying to buy tax delinquent property at tax sale? Hands-down, tax sale property is the right investment. But you have to get it the right way. The only surefire way to get cheap tax property is outside the auction. Here’s why.
Because of so many other interested investors, bidding at tax sale often ends up a waste of time. And even if you do get a nice property, the owners pay off 95% of the time. Obviously, if at all possible, you want to avoid this route. By waiting until after the tax sale, you’ll have much more success.
How? By learning to buy tax delinquent property directly from the owners themselves. But the timing here is extremely important. For a while after tax sale, owners still try to bail out the taxes. If they still haven’t paid the taxes towards the end, they’ll need to liquidate. The seller now faces losing everything.
This creates a huge opportunity for you to buy tax delinquent property.You can get the owner’s deed for as little as $100 at this point. Give the owner a split of the future sale price of the home. This is a lifesaver for the owner – and you’ll profit big too. The positive reaction to this method will amaze you.
After that? Just pay off the taxes, and the property is yours. Or, sell the property before the end of the redemption period. It’s easy to quickly find a buyer, if you price the property right. Then, just take your profits and let them deal with the taxes.
One more exciting thing: there’s a special type of property owner out there: people who just don’t want the property – like heirs. It’s easy to get the deed from these owners. Ask if they’d mind deeding it over to you. Offer several hundred dollars for their time. Then just deal with the property the same way you would with the previous owners.
That’s how it’s done. The bad economy has produced an amazing opportunity to buy tax delinquent property from owners and make a lot of money, like no other time in the past. There’s no reason you can’t be a successful real estate investor – but you have to play to win!
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Tags: Auction, Competition, Delinquent, Economy, From, Heirs, Interested Investors, Lifesaver, Money, Opportunity, Owners, Profits, Property, Property Owner, Property Tax, Redemption Period, Success, Tax Delinquent Property, Taxes, Waste Of Time, Without