No investment property holds quite the opportunity that a tax sale property investing alternative does. Even a brand-new investor can make a ton of money investing in tax property the right way. You can get tax property with no bidding or waiting - and for less than $200 - outside the tax auction. Here's how.
1. Don't bother with the tax foreclosure auction. Other bidders will ensure you don't get any good deals. Inexperienced newbies will bid more than they should. Need another reason? The owners usually pay the taxes and you don't get the property this way anyway. No big deal; all this means is you'll have to use a tax sale property investing alternative to get your properties outside the tax sale.
2. You're going to buy property 9-12 months after it's been "sold" at tax sale. Mortgage companies have already bailed out mortgaged property at this point, leaving free and clear property. The rest of the owners are likely going to just let the government have the property. This is perfect timing from the perspective of someone wanting to buy their property!
3. Find current contact info for the owners. This is not difficult - you can usually find them easily using internet resources. Hopefully, you'll find a phone number, or a phone number of someone related to them, so you can give them a call.
4. Buy the deed. Word your offer so that you are paying for their time, and offer $200. These owners are often glad to see you get the property, and not the tax sale bidder.
5. Pay the property taxes before the end of the redemption period - or sell. If you're going to keep the property, you'll need to go pay the back taxes now. You can still profit even if you don't pay the taxes by pricing the property to sell quickly before the end of the redemption period.
Try the above tax sale property investing alternative and you'll be pleasantly surprised at the results. Foreclosure rates are at a decades-long high, so now's the time to get in.
Current foreclosure rates won't last - act now!
Learn "magic words" to say to owners: http://DeedGrabber.Org.
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