Tax Sale Blueprint By Bob Diamond – Free Download Course The Tax Sale Opportunity
What are Tax Sales and How do I make Money Today?
Tax sales are when the tax collector auctions off real estate to collect unpaid real estate taxes. These sales are held at regular intervals – at least once a year but sometimes weekly, monthly, or annually. The interval depends upon the jurisdiction. The winning bidder receives ownership of the real estate.
The sale of properties actually creates many opportunities for you as an investor – you can get bargain properties, you can find motivated sellers who may want to sell before the auction and you can also make money after the auction from what we call “Strategy 3” which is a little known “insiders” strategy where the most money is made.
Tax Sales are not for the uneducated buyer – there are a lot of pitfalls to be wary of. I am a real estate attorney and tax sale investor (bought first property at tax sale in 1989!) and our entire team is experienced in aspects of tax sales, so we have a lot of experience and deep knowledge about tax sales to share with you.
If you want more details about tax sales, strategy 3 and the insights that came to us from years of tax sales, then register now to receive our free PDF Download and 3-Part Video series.
In that free educational series, you will learn details about buying properties at tax sale, where the hidden dangers are lurking, and how you can make money today. We put together this free educational series to help you get your feet wet and to speed you through the learning curve so you can move on to making money.
We promise you will be surprised as to where the big opportunities are today – it is not at the auction where everyone just starting thinks it is. Register for the free 3-Part Video series and PDF and we will pull back the curtain for you!
Tax Sales Give You Three Opportunities to Make Money
Tax sales actually present three opportunities for you as an investor. Most investors know about the most obvious – buying at the tax sale auction. But few know about the other two, less obvious opportunities created by tax sales.
The first opportunity is buying at the auction itself. Get the list, drive by the properties to check them out and go to the auction to bid and hopefully pick up a bargain property. That is a pretty obvious strategy but has some enormous dangers for the new investor. Starting with the fact that the opportunity is so obvious that the level of competition is intense and prices are high. Then dealing with everything from title problems to litigation with former owners. Buying at the tax sale auction is not the ideal strategy for taking advantage of the opportunities created by tax sales.
There are two other strategies we call Strategies Two and Three that are much better than buying at the auction itself. We want you to be an informed investor so I have prepared a three-part video and written educational series. To create the educational series, I have relied upon my own background as a real estate attorney, real estate investor and buyer at tax sales starting in 1989 to give you the shortcut to success.
In that free educational series, you will learn details about the three opportunities created by tax sales, where the hidden dangers are lurking, and how you can make money today. We put together this free educational series to help you get your feet wet and to speed you through the learning curve so you can move on to making money.
Finding Tax Sale Properties
You can almost always get the list online. It will also be published in the newspaper (yes, even today they are still published in the “legal notices” in the newspaper!). To find the online list do a Google search “Tax Sale List XXX County YYY (fill in state in place of “YYY”).
If you have trouble finding the list online contact your local real estate tax collector and ask where they publish the list of properties going for tax sale.
Be aware that at least seventy percent of the owners whose properties are listed for auction pay their taxes before the tax sale auction. If an owner pays the taxes prior to the tax sale auction the property will not be auctioned off. As a result, most of the properties in the list will not be sold.
There are many tricks and pitfalls to buying at the tax sale. I bought my first property there in 1989. Our team has been investing for many years and we have learned a lot. We have lots more to share with you about the ins and outs of tax sale.