| If you're interested in purchasing homes for back | | | | you for almost nothing. Other owners who have |
| taxes, it's great that you're doing your research first. | | | | decided to just let the property go will even give you |
| You may be thinking that tax sale is the easiest way | | | | their deed for free, if you ask politely. This works |
| to get these properties, but because of a lot more | | | | especially well for new investors who don't seem to |
| competition than there used to be, it's actually nearly | | | | know what they're doing! |
| impossible to get a great deal at tax sale. No problem, | | | | Best of all, you know what you're getting into. You can |
| because there's an easier, less risky, and best of all, | | | | inspect the property before you commit to having |
| unexploited, way for purchasing homes for back taxes. | | | | anything to do with it. You can also make deals with |
| First, why is tax sale bad? Competition at tax sale | | | | owners that benefit both of you - like buying the deed |
| drives prices up way too high to make the kind of | | | | for $100 and then sharing the profits. If the property |
| profit you want. Not only that, but you have to do a lot | | | | needs fixing up, you can either sell to another investor |
| of research first, because you can't inspect the | | | | and let them take care of the tax problem or pay the |
| property before you bid on it. Your research still won't | | | | taxes and fix it up yourself. Either way, the owner will |
| ensure that you don't buy a dump. Finally, most owners | | | | benefit as well. |
| of nicer properties pay off the taxes anyway and | | | | If you're just starting out and don't have much money |
| you're left deedless. | | | | to invest, or just want to get your feet wet without too |
| A much better way for purchasing homes for back | | | | much risk, this is the best way to start out investing - |
| taxes, and as close to only the back taxes as possible, | | | | and the best method to use, even for seasoned |
| is to wait until the redemption period is almost over and | | | | investors. And with the foreclosure rate sky-high |
| then find the owners that still haven't redeemed their | | | | because of the recession, now is the best time to get |
| taxes. These owners will be the ones who will sell to | | | | into the tax investing field. |