For the diligent investor willing to do a little research, tax lien properties are a dream come true. The market is full of high-quality real estate available for a mere fraction of their value. Whether or not you choose to invest any more money in them after purchasing is completely up to you-you could make a few improvements and drive the value up, or you could resell right away, and either way your odds of a great profit are in your favor. You can usually acquire one of these tax lien properties for between a few hundred and a few thousand dollars.
If you're wondering what precisely a tax lien
property is-these are properties for which the owner's have become
delinquent on the taxes. The state liens the property and puts it up for
auction. The price is set as value of the taxes owed in addition to any
fees and court costs and so forth. An investor purchases the lien from
the state. Should the owner pay the back taxes before time runs out, the
investor is repaid the principal bid as well as any accrued interest.
Either way, you stand to gain. But where can you possibly find these
properties? Good news-tax lien investing is not just for the rich or the
professional investors. There are several ways to find great tax lien
properties for sale.
Referrals
Chances are you know someone
who knows someone who invests in tax lien properties. So use those
networking skills. Find out where and when the auctions are held, you
may even find someone willing to take you along the next time they go to
an auction and teach you the basics.
A Tax Lien Agent
A tax
lien property agent specializes in helping investors like you find real
estate that is in excellent shape and available for tax lien auction.
An agent will have a good understanding of the market value of the real
estate as compared to the tax fee for it. You can find a local agent in
your telephone book.
Of course, lacking an agent or a referral,
you can always check your county treasure's website for auction
listings. Tax lien investing is a highly lucrative opportunity for
making extra money or even for just getting your first family home on
the cheap.
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
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
Brent Crouch is the owner of TaxLienProperties.net He has dedicated this site to providing information on purchasing tax lien properties at pennies on the dollar.
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