Buying Real Estate Taxes - Invest in Tax Property and Triple Your Income
If you are considering shopping for land taxes in the shape of a tax lien, you'll want to contemplate switching up your strategy and shopping for property directly from owners instead. You can usually do that with as very little risk as buying property taxes, and while not having to attend long periods of your time to work out the come back on your money. Plus, the income potential is 1000-2000% higher, and that number is nothing to sneeze at.
Buying real estate taxes isn't without its risks, by the way. You'll end up owning a property you thought the owner was visiting redeem. Since you cannot examine the property you are shopping for real estate taxes on before bidding, you'll end up the owner of a property that's in dire need of repairs and truly lose cash on the deal.
The way to skirt those risks is to shop for property directly from the homeowners - once tax sale. Most investors do not realize it's still legal to shop for property throughout this time period, although the deeds or liens have already been "sold". This manner, you'll be able to really examine the property before you buy it, and you catch the homeowners at just the correct time, once they are most desperate to sell.
The best technique to use at this point in the game is to supply to shop for deeds for very little to no money down, and supply to grant the owner a proportion of the proceeds once you sell. Homeowners that have set to just let the property go are instant "yeses" for these types of deals, and people who are dying to sell don't have much other choice.
Then, once you've got the property deeded to you, you just flip to another investor before the redemption period is up. You never even must record the deed in your name, abundant less pay the taxes if you do not wish to. Worth the property high enough that you make a nice $five,000-$10,000 (or more) profit, but low enough therefore that it is still far enough below market price to attract a buyer among days. Having only invested $100-$200 for the initial deed purchase, this is very simple to do.
The recession has caused a large range of folks to fall into foreclosure. There is never been a higher time to strive your hand at "deed grabbing," whether or not you have been trying to shop for realty taxes until now. Try this method, and you'll create 10 times additional than you planned this year.
Author Resource:
aaron adish has been writing articles online for nearly 2 years now. Not only does this author specialize in Finance, you can also check out latest website about
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