Are you interested in making profits from investing in real estate? Did you know that purchasing properties from delinquent real estate taxes can be a profitable investment? If you don't know the basics yet about tax liens, then it is time to check this out.
Even with a limited capital, buying real estate from tax lien certificates proves to be a worthwhile time. Counties normally assess taxes properties from owners every year. They allow payment of these taxes through a certain date. The dues are assessed based on real estate value and can range from hundreds up to a few thousand dollars. If the properties are not paid within the due date, they become delinquent and the county or local municipality can charge interest to the owner.
Before making an investment though it is advisable to thoroughly research the property to confirm its market value. Make sure also that the property value far exceeds the tax bill of the county. Keep in mind that the value must be at least ten times the amount owed; consider this as a general rule of thumb. Furthermore, it's very important to realize the steps and procedures because it differs greatly by county. Take note too that not all states participate in tax liens because there are others that only conduct tax deed sales. Do always remember that there is a difference between those two.
Some of the investors attend the sale in person but with the advent of internet technology, it is now very possible to bid online. This makes it easier for an interested investor to register and bid on tax lien certificates at an auction. Check out the county's website in order not to be left out.
After the auction, the winner of the bidding pays the county for the amount of delinquent taxes. He also earns their return when the property owner pays the bill. Then, the investor who owns the tax certificates that haven't been paid or redeemed yet by the property owner for two years, are qualified to apply for a tax deed sale. That is why an investor can buy a property for only a few hundred dollars when in fact it is actually worth thousands. This allows tax sale investors to earn big profits backed by real estate.
Now that you have learned the basics on tax liens investing, it's time to search for the nearest sale in your neighborhood. You can also call your local county office and ask for details about it. There are also numerous websites in the internet that offer listings to these tax sales.
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ
About the Author
Dustin Hahn is the top tax liens and deed consultant today that conducts trainings and mentoring to investors who want to learn the secrets behind real estate tax sales investments. He is the owner of Tax Sales Secrets, the best tax liens and deed investment company. He is the author of Real Estates Best Kept Secret, an e-book which is available at http://www.taxsalessecrets.com
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