Little Known Secrets to Making Money on Tax Delinquent Properties
There are multiple ways to invest in tax delinquent properties. The two most common are tax liens and tax deed auctions. But do not limit your options or earning potential. There are a number of other ways to profit on tax delinquent property investments.
1. You can actually buy (or sometimes get for free) a list of tax lien or tax deed investors from the county. Contact these individuals and offer to buy any unwanted tax lien certificates (TLCs). Due to changing economic circumstances, investors who previously had plenty of money to invest may now be strapped for cash and ready to sell at a discount. After obtaining multiple years of TLCs, quickly move to foreclosure.
2. Another option is to purchase multiple years of TLCs from the county over the counter and then immediately proceed to foreclosure.
3. My preferred method is to purchase tax delinquent properties directly from the property owners before they go to auction. It just takes a little effort to go through the vast lists of delinquent properties and contact the owners directly. Many of these people have given up on the property and are willing to sell for a fraction of the property’s actual value.
Use any of these methods to obtain valuable properties for as little as 5% to 10% of the true market value. Let that sink in! You can purchase a property valued at $20,000 for as little as $500 to $1,000. The added bonus is that there is very little competition.
The best part of this business is that almost everything can be done from your home or anywhere else you choose. And all the tools you will need are probably things you already have such as a computer, an internet connection, a printer, a phone, and some postage.
Learn more about my friend Jack Bosch’s new course, the Land Profit Generator at http://www.landprofitsreview.com. Also, you will have the opportunity to sign up for our free list that brings real estate investing tips and discounts right to your inbox. No spam, just content!
