There is no better way to become independently wealthy than by investing in real estate. All you need to know to be successful investing in real estate is which type of property will make you the most money, and how and when to purchase it. Here’s how to buy a house for back tax. Follow these rules, and you’ll find investing in tax property – outside the auction – to be the best move you’ve ever made.
If you’re thinking of buying property at tax auction, stop right there. Competitive bidding almost never allows you to buy a house for back tax for a real bargain. And if you don’t want to end up owning a total money pit, it’s not for you – you can’t inspect the property first. Here’s another kicker: if you do win the bidding, and pay the money, the owner will probably pay off the taxes before you get the property anyway. The good news is, this isn’t how you want to buy tax property in the first place.
Don’t worry. You’re still going to be able to buy a house for back tax – just a different way. Wait until a few months before the end of the redemption window, and then approach the owners directly. It’s doubtful that anyone left at this point is planning to redeem their property. You’ll be able to buy these properties for next to nothing.
Many times these properties are ones that were willed to an unhappy heir, that lives somewhere else or just doesn’t want the responsibility. All you have to do is ask these folks for the deed! For their time, you can offer a few hundred dollars. With $200 invested, you can then afford to sell for cheap and take your profits immediately! Or, redeem, and keep the property. It’s as easy as that, to buy a house for back tax, and make thousands on your $200 investment.
This method to buy a house for back tax is by far the most successful. Don’t wait to get started – there’s a huge inventory of tax properties waiting for you. As they say, you’ve got to play, if you want to win.