| You've probably heard that investing in real estate is | | | | money off of back taxes owed on homes, you'll have |
| one of the best ways to get rich. This is true, but you | | | | to stay one step ahead of tax sale investors, and get |
| have to really know what you're doing, or you'll find | | | | the deed to the property before the auction, without |
| yourself in a lot of pickles early on. Don't worry-- even | | | | bidding- or after the auction, in the period of redemption |
| Donald Trump didn't get where he is without a little help; | | | | where the owner can still bail out his or her home |
| and he won't be your competition, if you're going to | | | | (usually, around a year). |
| work the back taxes owed on homes angle. | | | | How? |
| If you're going to invest in today's economy, these | | | | Well, it's shockingly simple, and yet if you pay attention, |
| properties are prime investment material-- almost | | | | you'll see that almost no one does this. Why? Maybe |
| always mortgage free-- meaning brimming with equity | | | | they're antisocial. Maybe they feel guilty getting |
| and ready to be flipped for a huge profit. You can't | | | | involved in other people's business when they're "down |
| overlook them if you want to be successful in the | | | | on their luck." Maybe they're just plain chicken. |
| coming years-- there's going to be more and more of | | | | What am I referring to? Simply contacting the owner |
| them as back taxes owed on homes catch up with | | | | and dealing directly with them. |
| their owners, and they lose their properties to tax sale. | | | | Let's say it again: you can get rich investing in back |
| First of all, what does this mean, "back taxes owed on | | | | taxes owed on homes, but only if you can be sure |
| homes"? Well, it's simple. When a homeowner doesn't | | | | that property's going to be yours once you pay those |
| pay his or her taxes and gets behind, their home will | | | | taxes. The way to do that is not to bid on the deed or |
| become delinquent in the county they live in. It differs | | | | a lien at the auction-- the owner can still come back |
| from county to county, but at some point within a few | | | | and pay that off, and take their deed right back from |
| years, usually, if the owners can't come in and pay | | | | under you. The only way you'll be able to invest in |
| those back taxes owed on their homes, then the | | | | those properties with surety is if you deal directly with |
| properties will be foreclosed upon by the county and | | | | the owners. |
| liquidated. | | | | It may seem counter-intuitive to you, but you'll be |
| The liquidation happens one of two ways- either the | | | | surprised how often these owners are glad to hear |
| deed to the property is sold, or a lien on the property is | | | | from you! By the time the tax sale is rolling around, |
| sold. Sometimes this is done by auction, other times by | | | | these owners are desperate to get out of the tax |
| lottery, and still other times by round robin. It can | | | | delinquent situation, and will be primed and ready to sell |
| happen all different ways, even within the same state. | | | | to you for pennies on the dollar. You'll also find |
| It's a very competitive way to get properties. Buying | | | | absentee owners and heirs who inherited an |
| tax liens or deeds has become very popular, and with | | | | unwanted property that are dying to get the burden |
| the rise in popularity has come a sharp decrease in the | | | | off their shoulders and sell to you for a few hundred |
| profits to be had that way. | | | | or a few thousand dollars. |
| You're going to avoid all that. If you want to make | | | | |