Tax Investment Steroids Part 1
You may have heard that tax investment is a way to buy a deductible property for dollars. You may also know that it is now a good time to start investing in tax assets because there are now more usability in the past few years. But do you know if there is any way to make a cash transaction on a tax property or even a bid? How would you like to be able to buy less than what they needed for tax sale? And, since you are buying property from the owner, you do not have to worry about clearing ownership before you can sell the tax.
But this is only how you have realized the beginning of the cash on the tax property, but not to sell the tax. I will tell you a well-known secret about tax matters that are not known to all investors. In many tax authorities, the county will provide "excess returns" to the property owner when the property is offered at the time of the sale of the tax. Excess proceeds are more than the amount of the refund and the minimum or minimum bid. Many countries return the property to the owner of the property record at the time the tax is sold, and you can use that knowledge to make money on the tax property without bidding on the sale.
How did this work? You will find the owner of the property to be sold in a few weeks. If they intend to let the property sell, you ask the owner of the property. You ask them if they will give you this property, because they will let it go. Or you can provide them with a small amount of money. You can let them send you a deed of deeds on the property. You record the contract in the county office. You do not pay taxes; you just let the property be sold in sales. You are tracking the property, knowing the amount of money sold in the sale, and then applying for excess returns
The advantage of using the over-raised fund investment strategy is that you first avoid buying by buying property from the owner, and you do not have to Property to pay as much as possible. Second, you do not have to clear the ownership of the property, and because you only have property in a short period of time, your costs are the lowest.
You need to check out a few things to try this though this process does not work in all contract states. Some countries do not return excess returns to property owners, so you need to check first. The next thing you must check is that the property will be billed at the time of sale. You must ensure that tax sales are competitive and if you will be able to make money, the contract will be at a much higher price than the initial bid. You can check this by looking at the tax situation that occurred last year. How high is the price of real estate sold last year? But this does not always make you know what will happen this year, because the economic situation may be different. So you may also want to see the recent tax sales at the nearby county or neighboring states, and the demographic data is similar and you can feel this year's expectations.
You must also conduct a due diligence on any of your properties to purchase the plan before you buy it. You need to do this for two reasons. The obvious reason for checking the property is to ensure that the money is sufficient to bid at the time the tax is sold. However, you also want to see if the property has any lien or judgment before buying from the owner. You will be responsible for any lien or judgment of the property at the time of purchase if you purchase property directly from the owner, not at the expense of the sale or purchase of property from the county. So if there is a real estate mortgage, you will be responsible for the mortgage. Therefore, you would like to stay away from the property with any lien
Since you have to conduct due diligence on the sale of the property, for any type of deed investment, this tax investment strategy is no longer work and not just in contract sales Buy property. The advantage of using the excess return strategy is that you need less money, so you can buy more properties and earn more money!