Buying Tax Sale Property And Collecting Real Estate Overages For Quick Rei Profits

Even if you don't have a lot of money, you can still make a lot of money from tax sale property and collecting real estate overages

. Using insider techniques to get the most profitable type of property at the right time pretty much guarantees your success. Let's get right to the point: we're talking about tax sale properties, bought after they've already been sold at tax sale.

If you're thinking it would be easier to just attend tax sale, consider this. The bidding process ensures that every desirable deed will be bid up close to market value. Not only that, but you're buying property sight unseen! No inspection is allowed before tax sale. Then, most of the time the owners find a way to bail out their house before you get it anyway.

This isn't bad news - there's a much easier and more profitable way to buy tax property. The end of the redemption period is a golden time in tax sale investing; approach the owners then, and you'll get plenty of property. Would you believe that most of the owners left at this point have properties they just don't want anymore? It's true.

Getting this property is so easy, it's amazing. The owners, oftentime heirs or landlords, don't want the burden of a second set of taxes. They just want the property to disappear. Offer to take the deed off their hands now, since they're letting it go anyway. Tell them you can afford to pay them $200 for the time they'll have to take out of their busy schedule. Once the deed is signed over, you can then redeem the property and keep it - or sell and let the new buyer pay the taxes.

This method of buying tax property is by far the most successful. Don't sit on your hands any longer - take the plunge and get started today.

One more little treat from the insider tax sale investors: when overbids occur at tax sale, the amount over the taxes is usually due back to the original owner. Often, owners don't know this. Since they usually are gone from the property, any mailings they get from the county go unnoticed. Unfortunately for the owner, if they don't collect the money in time, they'll lose it - permanently. So now you've got two great methods; buying tax sale property and collecting real estate overages

However, these funds are not held by the state, and that means that state money finder laws don't apply to them in most places. 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 knowing how to buy tax sale property and collecting real estate overages.

by: Maggie Dawson

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