Paying Unpaid Home Taxes Leads To $100 Properties

Paying Unpaid Home Taxes Leads To $100 Properties

Are you letting fear hold you back from investing in paying unpaid home taxes? Don't. Get educated, and take the leap. All you need to know to be successful investing in real estate is which type of property will make you the most money, and how and when to purchase it. Paying unpaid home taxes to buy properties is a killer investment move. Here's how to get them outside the tax sale, for as little as $100.

Isn't the simplest way to get tax property just to bid at auction? No, no, no. The competition will eat you alive. The tax sale is saturated with bidders at this point. And if you do win a bid, it's for property you've never been able to inspect. As if that weren't enough, if you do get a deed, the owner will probably redeem it before the end of the redemption period anyway.

Good news: this isn't how you want to buy tax property in the first place. Instead, you're going to buy directly from the owners at a specific point in the process - when their property is about to be lost forever. The owners remaining at this point either don't want the property, or can't pay the taxes.

You'll be able to buy these properties for next to nothing. You'll find a lot of heirs, landlords, and people who just bought the property thinking maybe they'd do something with it one day. All of them no longer want the headache of maintaining the property. It's easy to get these deeds - just ask if you can have them. For signing the paperwork, offer them a few hundred dollars for their time. Then the exciting part - redeem the property, and it's yours! Or sell immediately, and let the new buyer pay the taxes.

If you're serious about paying unpaid home taxes to buy property, this is the way to do it. Strike while the iron is hot - the foreclosure rate has produced a huge number of foreclosures for you to go after.

There's an even bigger secret - the owner of the foreclosed property is almost always entitled to any amount paid over what they owed in back taxes. But how often do you think the former owners actually know this? They've often moved, and thus don't get any notice that's sent to the tax sale address. And it gets worse - if they let it sit for a year or more, in most cases it will be lost permanently to the government.

Here's where you come in - since these funds aren't held by the state, they are usually not subject to state laws about finder's fees. That means it's legal for you to charge up to 50% to locate and help collect these funds for owners. And that can mean some major paydays for you, since real estate overages are often for a lot of money.

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