Where to Buy Property With Back Taxes (Hint: Its Not Tax Sale)

FinanceTax

  • Author Maggie Dawson
  • Published December 31, 2010
  • Word count 335

If you've been buying tax liens or rehab properties, you may want to find out where to buy property with back taxes. Anyone you meet who is a successful investor has tax sale property in their portfolio. Here's how you can find out where to buy property with back taxes without attending the tax auction for $200.

  1. Leave tax sale to those that don't know better. Tax sales are too public, and create too much competition. The sheer number of other interested bidders makes the chances that your bid will be successful slim to none. Plus, you can't inspect them first - too risky. A property may look okay on the outside and be a disaster inside. Don't worry about the problems with tax sale - just get your properties without attending at all.

  2. You'll buy property at the end of the redemption period after tax sale. By this far into the redemption period, most owners that can, will have redeemed their property. The owners that are left, either can't pay their taxes or don't want to. This is perfect timing from the perspective of someone wanting to buy their property!

  3. Locate the owners and find contact info for them. You can often find these owners just by Googling them. Once you've found them, you can send them mail, or call, or email, depending on what you've found.

  4. Now, buy the deed. Offer them $200 to take the time to sign over the deed to you. Most of them don't want the deed, and will be happy to get rid of it sooner.

  5. Decide whether to sell or keep the property. The property will need to be redeemed as soon as possible if you're keeping it. Or flip the property immediately, make your profit, and move on to the next deal.

This is the best and least risky way to buy property with back taxes. Strike while the iron is hot - the foreclosure rate has produced a huge number of foreclosures for you to go after.

Foreclosure rates won't last - act now!

Wondering what to say to claimants? For a limited time, learn the techniques for FREE in our Tax Sale Overages training e-book.

Interested in owning tax property? Visit DeedGrabber.Org now to learn the "magic words" to say to owners to get their deed for $200 or less.

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