Why Investing in Tax Delinquent Houses Will Beat All Other Investments by 1000%
Real estate is an amazing investment.
But you'll want to start out headed in the right direction or you won't be as successful as you could be.
Lots of rookies go straight for mortgage foreclosure property, and overlook tax delinquent houses - the big winner.
Tax delinquent houses are lacking one big thing: a mortgage! (That's a good thing!) Because of their interest in the property, banks will almost always bail mortgaged properties out of tax delinquency.
Otherwise, they will lose their right to foreclose, if the property goes all the way through the tax sale.
So when you buy tax delinquent houses, usually all you have to pay is the taxes and it's free and clear.
These properties hold the greatest potential for huge profits.
The low price of tax properties is the second reason they win the investing contest.
You can buy tax delinquent houses for as little as a few hundred dollars.
Mortgage property? No way.
At the very least you'll have to bring the mortgage payments current.
Now...
do you know how to get tax property this inexpensively? If you were picturing auctioneers and a lot of bidding, think again.
Obviously, you'll be buying property outside the tax auction - after someone else has already "bought" the deeds.
You'll come across a special type of tax sale owner about 10 months into the redemption period, and these are the folks you'll buy tax delinquent houses from.
They don't want to pay the taxes, and they're not redeeming the property.
These owners are happy to get the deed out of their name sooner, and will often sign the deed over to you for a few hundred bucks.
The return on your investment is never greater than with tax delinquent houses.
There's no reason you can't be very successful investing in real estate - and there is a sea of foreclosure property sitting unbought out there.
Start now!
But you'll want to start out headed in the right direction or you won't be as successful as you could be.
Lots of rookies go straight for mortgage foreclosure property, and overlook tax delinquent houses - the big winner.
Tax delinquent houses are lacking one big thing: a mortgage! (That's a good thing!) Because of their interest in the property, banks will almost always bail mortgaged properties out of tax delinquency.
Otherwise, they will lose their right to foreclose, if the property goes all the way through the tax sale.
So when you buy tax delinquent houses, usually all you have to pay is the taxes and it's free and clear.
These properties hold the greatest potential for huge profits.
The low price of tax properties is the second reason they win the investing contest.
You can buy tax delinquent houses for as little as a few hundred dollars.
Mortgage property? No way.
At the very least you'll have to bring the mortgage payments current.
Now...
do you know how to get tax property this inexpensively? If you were picturing auctioneers and a lot of bidding, think again.
Obviously, you'll be buying property outside the tax auction - after someone else has already "bought" the deeds.
You'll come across a special type of tax sale owner about 10 months into the redemption period, and these are the folks you'll buy tax delinquent houses from.
They don't want to pay the taxes, and they're not redeeming the property.
These owners are happy to get the deed out of their name sooner, and will often sign the deed over to you for a few hundred bucks.
The return on your investment is never greater than with tax delinquent houses.
There's no reason you can't be very successful investing in real estate - and there is a sea of foreclosure property sitting unbought out there.
Start now!
