How To Buy A Home For Back Taxes - Or Cash In Without Owning Properties

If you're wondering how to buy a home for back taxes

, you're on the right track. Back taxes homes are a great way to make money from real estate, and it's easy to get started without much capital if you go about it the right way. Not only that, bu the tax foreclosure process creates another huge opportunity for profiting from back taxes homes, without ever owning property at all. First, how to buy a home for back taxes.

If you go the route of bidding at tax sale, you will find a few things are true. First, you'll have a lot of competition, ensuring that the property will be bid up to close to retail value. Second, if you are the winning bidder, you have to come up with your bid amount, in cash, right then and there at the sale. Third, you can't inspect the properties you're bidding on. This is not how to buy a home for back taxes. It's a risk that's too big to take - especially when there's an easier and better way: buy outside the tax sale!

By waiting until late in the tax sale process (i.e., after the property has already gone through tax sale) and contacting owners directly, you'll take advantage of a couple of things. Other tax sale investors have moved on already, so no competition. And most importantly, the owners are desperate to sell at this point. You can buy a home for back taxes, and as little as a few hundred dollars at this point.

Another way to make some serious money from the tax sale is by connecting owners with their overages. When more is bid at tax sale than is owed in back taxes, the overbid is due back to the owner. However, for numerous reasons, these owners often don't know about the money. Since it escheats back to the government after a while, it's urgent that the owners are notified and the funds collected before that point.

If you can find the funds, find the owners and connect the two, you can legally charge 30-50% as a finder's fee. On the average overage of $10,000 let's say, that's $3,000-$5,000/transaction. Not too shabby for a couple of days' work!

by: Maggie Dawson

POST COMMENT

Digicam Cash by Jarrod Hardcastle Bad credit unsecured loans-Rebuild your credit status with easy cash aid Property Tax Overages - How To Make Thousands Per Month As A Home-based Business Crucial Instructions Specially For Life Partners Businessmen, And Foreigners In Nabbing Save More La Unsecured Business Loans - Finance To Take Your Business AT Its Zenith Accommodation Bangalore-Business Travel Bangalore fined the best here Business with MLM Software Team Building Is Critical For Business Success Cheap Unsecured Loans – Cheap and Risk Free Cash Aid Quick Cash Loans Online: Avail Cash via Net Cash Loan Today-Instant loan approach for all Different Guidelines Made Specifically Husbands And Wifes Businessmen, And Guests In Grabbing High Q Digicam Cash EBook - Is it a Scam or Does it Work?