| Purchasing real estate by paying back taxes alone is a | | | | war would have cost you. At this point in the game, |
| lot harder than it looks. The idea of "scoring" a tax | | | | they've got to sell, and sell fast. |
| delinquent property for a couple of thousand dollars is | | | | You can get properties for as a little as $200 this way. |
| unrealistic. The fact is that you're not the only guy on | | | | When you run across owners that have simply |
| the block who knows about this investment strategy. | | | | decided to let the property go and aren't desperate to |
| Every capital management firm and builder out there is | | | | sell, ask them flat out if they'd be willing to sign the |
| looking at the same thing you are. Not the best odds | | | | deed over to you so you can see if anything can be |
| for any independent real estate investor to be facing. | | | | done with it before it's lost. Offer them $200 for their |
| This doesn't mean that you, the small investor, can't | | | | time, and you'll be floored by the positive response. |
| profit from tax property. In fact, purchasing real estate | | | | You can also offer to buy the deed for very little, with |
| by paying back taxes is still one of the best ways to | | | | the agreement to give the owner a portion of the |
| invest in property if you're small-time. | | | | proceeds if/when you are able to sell it. If you can't |
| Don't compete at all! Avoid the auction. You don't have | | | | find a buyer in time, you're only out $10, or whatever |
| to go to the county tax sale at all. You can avoid the | | | | you agree to purchase the deed for. |
| entire mess by directly seeking out the owners of tax | | | | The last step in this savvy technique is the easiest, and |
| delinquent properties and buying their deeds from them | | | | definitely the most gratifying. Pay the taxes off, and |
| directly, but only after the tax sale. In most cases you | | | | the property is yours to do with as you please. Rent it, |
| will find that the owner is more than willing to sell their | | | | sell it for a big profit, or live in it - the choice is yours. |
| property to you at a tiny fraction of what a bidding | | | | |