Buying Houses With Delinquent Taxes - Huge Discounts When Done Right

In uncertain economic times, there is one market that continues to offer huge profits: real estate

. If you know the well-kept secrets of buying houses with delinquent taxes, and - this is key - when to buy them, you'll be head and shoulders above your competition. This property is easy to find, and easy to buy: tax sale property... bought after the foreclosure auction. Buying houses with delinquent taxes offers an investing edge that is a rare find.

If you're thinking it would be easier to just attend tax sale, consider this. For starters, you'll never win the bidding on a property you want - there's way too much competition. In addition to that, if you do win, you'll have to pay every cent of it right there at the auction. 95% of owners pay the taxes during the redemption period anyway, so this is most definitely the wrong way to buy tax property.

This isn't bad news - there's a much easier and more profitable way to buy tax property. The easiest way to get this property is from the tax-delinquent owners themselves, about nine months into the redemption period. The owners remaining at this point either don't want the property, or can't pay the taxes.

Purchasing one of these properties will be effortless. These owners, such as heirs, don't want to deal with the tax burden. These people don't value the property. Just ask if you have the deed! Tell them you can afford to pay them $200 for the time they'll have to take out of their busy schedule. Once it's yours, either redeem or sell - it's that simple.

No other tax property investment method is as easy and risk-free as buying houses with delinquent taxes. And it just so happens that a bad economy creates the perfect conditions for you to jump right into the business.

I'll give you one more major tax sale tip. when the county gets more money for a property than was owed on the taxes, that money usually belongs to the delinquent owner. More often than not, the owners don't understand their legal right to the money. They almost never figure it out, because communication is sent to the tax sale address - and they don't live there anymore. The owner is out of luck if he doesn't get in to get the money in time - in most places the government gets it after a year or so.

But since real estate surplus funds aren't held by the state, that also means they aren't subject to state law. So if you can find the owners, you can charge up to 50% as a finder's recovery fee. Since you'll often find overage amounts like $10,000, $20,000 and more, that means an easy six-figure income for you.

by: Maggie Dawson

POST COMMENT

Viable housing in the Cape Town property boom Why Consumers Get The Housing Market They Deserve Buying A House For Back Taxes - Tips To Get Cheap Tax Property Sustainable housing 'to regain popularity' Floor safe: the safeguard of your house Keep Your House Clean With Carpet Cleaning In Brooklyn Cape Town Property – Affordable housing in the Southern suburbs Aluminum Fence: A Viable Option For Your House No Fee Apartment Rentals In NYC: A Perfect Housing Solution Education Is The Key To Flipping Houses For Profit Building A Playhouse - How To Build A Kids Playhouse Building A Playhouse - Wooden Playhouse Plans John White Building A Playhouse - Guide In Building Playhouse Review