How To Buy A Home For Back Taxes With $200

If you go about it properly, learning how to buy a home for back taxes is one of the least risky and most profitable ways to make money

. If you can determine the best homes to buy, the best time to buy them, and how to get them, you'll be on a fast track to success. The big secret to knowing how to buy a home for back taxes, is to be able to buy it after it's been "sold" at tax sale.

Isn't the simplest way to get tax property just to bid at auction? No, no, no. Deeds are sold to the highest bidder - and this ensures you'll never pay less than retail value (or close to it). Not only that, but you can't inspect the property, or finance it - you have to pay for your purchase immediately, sight unseen. And guess what happens next, 95% of the time? The owners come in and pay of the taxes, making your efforts a total waste of time.

This isn't bad news - there's a much easier and more profitable way to buy tax property. You'll buy only from tax delinquent owners, and only during the last two months of the redemption period. You won't find many owners still trying to pay their taxes - most have decided to just let the property go.

These are the owners that will sell to you for cheap. These are often absentee owners that just want the property gone. The most you need to do here is ask these owners for their deed! They don't want it anyway. Their time is important, so be sure you offer $200 for the time it takes to sign the docs. Then, just pay off the taxes, or quickly sell to make huge profits.

Why invest at tax sale when you can use this far-superior method to buy a home for back taxes? Don't start tomorrow, or next week - get going on this now.

There's an even bigger secret - generally, when a property is bought at auction for more than the taxes, the extra amount belongs to the owners. Too often, the delinquent owners don't know they can get the money. They often never find out, since they don't live at the tax sale property 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 there is some good news. Since this money isn't held by the state, state laws capping out finder's fees don't apply. That means you can legally collect 40% or even 50% as a service fee for helping these owners find and collec their overages. Since these are real estate overages, they're often for high amounts - which means lots of profits for you.

by: Maggie Dawson

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