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Don't Overpay for a House, Even in Today's Market
If there's one thing American investors love, it's an over-inflated market. Which is why they keep buying houses and new ones keep coming onto the market. According to the latest data, housing starts rose an annualized 3.4% in September,...
How to Build a Real Estate Investing Power Team
As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this 'power team'? A power team is a group of people without whom successful real estate investing becomes very difficult, if not...
Students Investing In Their Future Need To Manage Their Finances Today
With the A-level results coming out, the long wait for UK school leavers hoping to go to university will soon be over. All the hard work that has been put into achieving the grades required will now pay off and the fun and freedom that is student...
Take It To The Customer
In the past, purchasing ad space was the solution to every entrepreneur's marketing challenge. Then it was direct mail, followed by telemarketing. But with advertising and postage costs on the rise, these tactics have lost some of their appeal. ...
What is an Investor Ready Business Plan
What is an Investor Ready Business Plan
A Business Plan, as all good entrepreneurs starting out in life should know is the foundation, or rather a springboard, towards the establishment and growth of a new business. A business plan is an...
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A Brief Look at Tax Deed Investing
Currently around half of the states offer tax lien certificates
and the rest offer something called tax deeds or a combination
of both tax liens and tax deeds.
In a tax deed state, you do not buy the lien, you are bidding on
the actual property. If you are the winning bidder you will own
the property outright. It's yours, and you can do whatever you
want with it; renovate it, rent it, tear it down, live in it -
it's yours. These properties will almost always come with a
title that is free and clear of all liens and encumbrances and
you probably paid somewhere in the neighborhood of 50 - 70% of
market value. Which means, you could sell it tomorrow for 80% of
market value.
How does a property in a tax deed state end up at auction?
If you've ever been late paying a bill you know that you get
numerous notices of delinquency by mail or by telephone.
Normally you have quite a bit of time before anything really bad
happens. It is the same case when people go delinquent on their
property taxes. When they miss a payment the county will to
inform them and will "kindly" ask them to pay up. This continues
for a while until the county finally says enough is enough, "if
you don't pay up by this day you will lose your property."
Coincidentally that day is
usually the day before the auction is
scheduled.
I want to point out that by investing in tax deeds you are in no
way stealing anyone's home. These property owners have had every
opportunity to repay the debt. The county will do everything in
their power to avoid sending a property to auction and in many
cases they wait 4 years or more before the property actually
gets there.
Typically you will end up paying more for a tax deed then you
would for a tax lien certificate but it is a different type of
investing. In tax lien certificate investing you are looking for
the guaranteed 8% - 50% return on your money with a chance at
higher if you get to foreclose but you have no right to the
property until the redemption period expires. In tax deed
investing you are buying the property outright and you can do
anything you want with it and there is potential for a huge
return on your investment in a short amount of time but it does
require more work on your behalf. It depends on your own
personality and investment needs as to which type you choose.
Free Tax Lien
Secrets
About the author:
Brad Olstad Tax Lien
| Tax Lien Certificate Investing
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