What Everybody Should Know About How To Buy Real Estate Tax Liens or Deeds

Should you invest in tax deeds or tax liens? Which is more profitable? No matter which you prefer the state you are living in and what your goals are will help you determine which is best for you. If you are looking to purchase a home or property below the market value then you are more likely to look at tax deeds. If you completed your research and purchase a tax lien on a very good property, the odds are slim that the home or property will ever go to foreclosure if the lien is not redeemed.

I live in Florida, and if the lien is not redeemed during the time period set for redemption, the lien switches over to a tax deed which is sold at a tax deed sale to pay back your investment. If you purchase the tax lien on a good property or home and are looking to purchase the property you'll need to bid against many other investors at the tax deed sale. If you are looking to invest in property or a home in Florida, then investing in tax deeds is your best way to go. If you are just looking to make a high return on your money instead of actually buying a property or home, then investing in tax liens is the way you should go. Doing your due diligence no matter if you are looking to invest in tax deeds or liens is very important.

If you're living on the West Coast, you need to consider investing in tax deeds. Almost all states on the West Coast are deed states, not lien states. You can travel to other states that are lien states, but that will definitely cut into your profits. You may also consider using the Internet to find tax deeds or liens in other states, but that gives you more investors to be in competition with plus increase expenses. You would never buy property or home without looking at it first and the same is true with investing in tax liens or deeds. You need to look at the property you are interested in investing in. You are not buying the property when investing in tax liens. You are investing only on the lien on the property.

If you are looking at maybe owning a home or property and receiving a good return on your money and you live close to a redeemable deed state, then you should think about purchasing redeemable deeds. Redeemable deeds are between tax liens and tax deeds. You buy the deed at a sale, and the previous owner may come back to redeemed the deed within the redemption time. They will have to pay a very large penalty in most redeemable deed states on the total amount that you paid for the deed at the sale. The penalty could be 20%, 25%, or even more which is a great return on your investment. Another good thing about redeemable deeds is a lot of your largest cities and bigger counties may have sales several times a year. Tax deeds or liens in tax liens state are usually sold in most states once a year.

If you are not looking to buy property but are looking for a good place to invest your money that is safe and secure and has a good rate of return on your money, then you should consider investing in tax liens. Before you start investing in tax liens or tax deeds, do your due diligence and learn as much as you can about the process.
The sky is the limit.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    

Learning as much as you can about investing in real estate is very important. You need to know the right steps to take before you start investing. Visit our website at http://www.bestchoicerealty.net for a great resource that will help educate you in investing in real estate.

Article Source: http://EzineArticles.com/?expert=Don_Cramer

0 Comme

Article Source: http://EzineArticles.com/5372808