Tax Sale Overages And Unpaid Real Estate Tax Investing - 2 Low Risk, High Return Methods

If you go about it properly, tax sale overages and unpaid real estate tax investing are some of the least risky and most profitable ways to make money

. If you use smart techniques to buy the right properties at the right time, you'll blow your competition - even seasoned investors - out of the water. Use a few simple techniques, and you'll have no trouble at all getting high returns with tax sale overages and unpaid real estate tax investing.

A guess: you're wondering why not to just go to tax sale, and buy property there. Deeds are sold to the highest bidder - and this ensures you'll never pay less than retail value (or close to it). Want another reason? You can't inspect the property first, and have to pay for your bid up front - without ever seeing the property. It's futile, even if you do get a deed: the owners have a year to pay off, and usually do.

This is all irrelevant to you, because you're not going to buy from tax sale. The owners of the tax properties are who you'll be going after, but only at the very end of the redemption period. Surprisingly, many of the owners that are left unredeemed at this point just don't want the property.

Buying properties from these owners is cheap and easy. Amongst these owners you'll find heirs, landlords, and owners of investment properties. All have one thing in common - they don't want the property anymore. The most you need to do here is ask these owners for their deed! They don't want it anyway. For their time, you can offer a few hundred dollars. Now you can quickly flip your $200 property and make thousands - or redeem and keep it for yourself!

This is, by far, the easiest and cheapest way to get tax property. Strike while the iron is hot - the foreclosure rate has produced a huge number of foreclosures for you to go after.

How about one more huge secret? the owner of the foreclosed property is almost always entitled to any amount paid over what they owed in back taxes. More often than not, the owners don't understand their legal right to the money. And sadly, they often never figure it out, since they don't get any notices from the county due to the fact that they no longer live in the property. After a year or so, if uncollected, the government gets to keep the money and the owner is out of luck. It's no wonder why the FEDS like to keep tax sale overages and unpaid real estate tax investing information under wraps.

Since this money isn't held at the state level, you're not subject to the state "unclaimed funds" money finder laws, in most places. That means it's legal for you to charge up to 50% to locate and help collect these funds for owners. Do the math on a $50,000 overage - not a bad payday.

by: Maggie Dawson

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