| Looking for back taxes houses for sale? The best | | | | people who don't care about their property, and people |
| place to buy them, believe it or not, isn't before the | | | | who have let the problem go on way too long and |
| auction, or at the auction - it's after the property has | | | | MUST sell. |
| already been sold. Here's how to buy back taxes | | | | While emotionally, these are two very different groups |
| houses for sale for $200, without ever attending the | | | | of people, in practicality, you handle them the same |
| auction or bidding on property. | | | | way. Offer them $200 for their time in signing over |
| First, why not attend auction? Isn't it easier? Back | | | | their deed to you. For some, this will be enough - |
| taxes houses for sale will never sell for far below retail | | | | they're ready to just move on and have the property |
| value at tax sale. There is too much competition for | | | | out of their name. For others, especially with nicer |
| that to happen; and besides, you can't inspect the | | | | properties, you can make a deal to give them a |
| property before you bid on it, you have to pay cash at | | | | percentage of the eventual proceeds from the sale of |
| the auction, and most of the time the owners pay off | | | | the property. |
| the taxes anyway. | | | | This way, you can pick up a lot of deeds for only |
| So attending the auction is usually a big waste of time | | | | $200 or so each, and then decide what you want to |
| for smaller investors. | | | | do with them. You can almost always flip immediately |
| But this is fine, because nothing - nothing - can | | | | to another investor if you'll price low enough. You can |
| compare with the profit potential of picking up back | | | | pay the taxes yourself, and keep the property. Or if it |
| taxes houses for sale after tax sale, near the end of | | | | turns out to be a bad deal, then you just let the |
| the redemption period. The redemption period weeds | | | | property go to tax sale and forget about it - and |
| out a lot of non-profitable stuff. Mortgage companies | | | | you're only out $200. |
| will bail out properties that have mortgages, leaving | | | | This is by far the least risky and most profitable way |
| only the free and clear properties left. (Yay!) | | | | for individual investors to make six figures in the real |
| Also, owners that have the means to pay off their | | | | estate industry - and with the current foreclosure |
| taxes, will. | | | | situation there's a lot out there to buy. |
| What's left near the end of the redemption period is | | | | |