subject: Buying Homes With Delinquent Real Estate Taxes For Around $200 [print this page] Are you letting fear hold you back from investing in real estate? Don't. Start buying homes with delinquent real estate taxes today, and take the leap. What you'll need to become intimately familiar with is the right (and wrong) way to go about it, and exactly how to get it in the most profitable way. Here's how you may want to approach buying homes with delinquent real estate taxes - the right way.
You may be wondering why tax sale is a bad idea - here's the answer to that. The process is designed to elicit the highest price for a property - and your competition makes sure it stays that way. And even though you have to pay the entire amount up front if you DO win, you still can't see the property for close to a year. The last straw? Owners usually pay their taxes off before you get it. Forget tax sale.
Don't worry - there's a much easier and less risky way to get tax property. What you'll do is approach the owners themselves, just at the end of the redemption period. At this point, the owners that are left are probably not planning to redeem the property.
These owners will be your gold mine. These people don't want the headache of owning the property anymore - landlords, heirs, and the like. Tell them you'd love to see what you could do with the deed, since they're letting it go. For taking time to sign over the documents, offer them $200. Then, just pay off the taxes, or quickly sell to make huge profits.
Ever heard of a better technique for buying homes with delinquent real estate taxes for $200? The number of tax foreclosures is through the roof, so don't wait to get started.
Here's another big tip... when overbids occur at tax sale, the amount over the taxes is usually due back to the original owner. 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.
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. So you can find these owners and charge up to a 50% finder's fee for your information and collection service. So if you collect one $20,000 overage a month, that's a six-figure income from overages alone.
