Entrepreneur business blog

How you purchase properties pennies on the dollar?

We just talked about Tax-lien certificate, but now will share Tax-lien deeds. Unlike certificates, when you purchase a deed, you own the property.

Who sells Tax-deeds? The county tax assessor office
How are they sold? Online and during public auctions
If Tax-deeds are so great, why aren't everyone buying them? Basically, everyone do not have the capital to purchase the property.
How much do they cost? The cost is based on the property.
How offer are they sold? Depending on the state, once or twice a year
What are the returns? You own the property. If the property has a current note, you can refinance the loan, restore the property, sell, lease or rent. As the investor, It is up to you what happens to the property.
Do every state sell Tax-liens? No. Some states only offer Tax-deeds.
Can you purchase Tax-deeds in multiple states? Yes, but only in those state that provide tax-deeds. There are no jurisdiction boundaries. As stated above with Tax-lien certificates, if you have the money, they don't care where you live.
Do you owe the property if you purchase the tax-lien? Yes.
How can you find when and where Tax-deeds auctions? Like certificates, you can search each county yourself, be mindful their are thousand of counties, so it will take a lot of time on your part. Or, we can send you an e-mail providing Real-time auctions with contact information, dates and times of sales, etc.