Maybe the intense competition and split-second decisions inherent to an auction make you nervous. Maybe you don't have the time or the extra gas money to travel to an out-of-state sale. Or maybe all the auctions you've attended lately haven't been offering the type of properties you typically invest in. Whatever your reasons, if you'd rather forego the auction, over-the-counter tax liens are an option worth exploring. At any tax lien auction, there is a finite amount of time in which to sell the properties. When the time limit expires, any unsold properties become "leftovers." And the county government does not want to remain burdened with these leftovers. This is where the sale of over-the-counter tax liens comes in.
If you'd like to participate
in these over-the-counter sales, you'll need to get in contact with the
county you're interested in. The county will then provide you with a
complete registry of available tax liens for you to peruse and purchase
from as you please, at your own pace. There's no bidding, no
competition. Once you purchase a lien, the maximum statuary rate is
applied. No one willing to accept a lower interest rate can snatch the
property from you. This means more money for you. If you know how to
complete a transaction, you can participate in over-the-counter tax lien
sales.
The Pros
Over-the-counter tax liens
completely eliminate travel-and all the expenses it entails-- from the
picture. You save money on gas, plane tickets, restaurant stops, et al.
This increases your profits overall. You can make great money from the
comfort of your home by purchasing tax liens via the mail or the
internet.
The Cons
The obvious disadvantage to
over-the-counter tax liens: these are the properties that were
overlooked or unwanted. If you're a knowledgeable investor who knows the
difference between a bargain and a train wreck, you may just stumble
upon a diamond in the rough. But don't count on finding the deal of a
lifetime among this type of inventory. Consider over-the-counter tax
liens as a strategy for diversifying your portfolio and giving you
access to properties you may not have considered investing in at an
auction.
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 Tax Lien Properties .net. He has dedicated this site to providing a free state tax lien and tax deed list. http://www.taxlienproperties.net/state-tax-lien-list/
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