Unpaid Property Taxes On Sale Now Can Mean Huge Rewards For You Later

Unpaid Property Taxes On Sale Now Can Mean Huge Rewards For You Later

No matter who you are, armed with the right info, you can be successful investing in unpaid property taxes on sale. Understanding which type of property to invest in is key; if you understand that, you'll be unstoppable. Here's how to get unpaid property taxes on sale - the right way.

Tax sale is the last place you want to buy tax foreclosure property. There's essentially no way to get property for low enough to profit, due to the competition. Additionally, this is property you can't even visit before bidding. It could be a total pit, once you end up seeing it. 95% of owners pay the taxes during the redemption period anyway, so this is most definitely the wrong way to buy tax property.

Don't fret! You can still get tax property for next to nothing. The easiest way to get this property is from the tax-delinquent owners themselves, about nine months into the redemption period. This late in the game, those who still haven't paid their taxes probably aren't planning to, and are letting the property go.

It will be easy to buy their properties cheaply. The owners, oftentime heirs or landlords, don't want the burden of a second set of taxes. They just want the property to disappear. Getting these deeds is as easy as simply asking for them. For their trouble, offer them $200. Then, if you want to keep the property, just pay the taxes and it's yours! Otherwise, sell immediately and take your profits.

Admit it... this is the best way of getting unpaid property taxes on sale that you've heard of to date. It's the right time to dive into the business.

But wait... there's another big tax sale secret. generally, when a property is bought at auction for more than the taxes, the extra amount belongs to the owners. But the owners don't often realize this. Notifications from the government often go to the tax sale property, where they no longer live. And guess what? In most cases if they don't get the money in time, they lose it forever.

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. And since these overages are often for high amounts, you can easily make a huge income from them.

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