What is an investment property? It is any property that is purchased
with the intent of gaining a return. It can be an apartment building, a
single-family home, multi-family occupancy, vacant and commercial land;
basically any type of real estate. Purchasing an investment property can
be a profitable venture, whether one simply hopes to purchase a home or
plans to make a business out of the investment.
One of the most popular investments nowadays is tax sale property
investments. However, there are still some buyers that do not know the
basics of tax sale investments. This type of investment is backed by the
government who implements the sale and collection of delinquent taxes
which implies that the whole process is legal and secures you of
profits.
So, what are tax sale properties all about? This happens when the
homeowner fails to pay his property tax dues to the government for a
certain length of time. The property would then be put up for sale at a
public auction. The government or county needs the revenues generated
from the delinquent property taxes in order to run things smoothly. This
is the time when the county issues either a tax deed or tax lien on the
property of the delinquent homeowner.
If a property is facing a tax deed or tax lien problem, it means that
the homeowner needs to pay his back taxes in order to clear the debt or
else he/she would lose the home. An investor is going to make profits
by either buying the deed to the property or paying for the lien. In
which a nice interest rate and principal investment is waiting after the
redemption period. How does this work? An investor starts with a
minimum bid, one that is high enough to cover the back taxes and the
expenses of the sale, yet still allow the investor to purchase the
property at minimal cost compared to its assessed value. And if the
owner decides not to claim the property back within its redemption
period, then the investor will have the right to resell it at market
value or fix it up and sell it at a premium. It's a win - win situation
for every investor. A great way of earning good profit!
Always remember that the government handles the tax sale, the money
you invested is totally secured. Also, don't forget to do proper
research and do due diligence on tax sale properties. That will guide
you on which properties to bid on. Learn more about this at http://www.taxsalessecrets.com/taxliens.html?orid=10519&opid=1.
Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate System.
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