I?ve been getting a lot of questions recently on two different strategies for investing in tax delinquent properties. Both of these strategies involve tax sale overages. And with both strategies you avoid having to bid at the tax sale.
The first strategy for Hidden Tax Sale Cash, involves contacting the owners of tax delinquent properties and making them a very small offer for their property. The idea is that they may already be consigned to the fact that they are going to lose their property to the tax sale, and will be willing to let someone else take it off their hands for little consideration. Once you have the property, you record the deed so that you are the owner of record when the property goes to tax sale. You let the property go to tax sale. Instead of paying the back taxes and keeping the property (which you could do if you really wanted to keep the property), you do nothing and let the property go the tax sale auction. After the tax sale, as the owner of record when the property was sold, you apply for the tax sale overage. This strategy works very well in deed states where the bidding is very competitive. You can register for a free training about this strategy at http://TaxLienLady.com/taxsalecash.
The second strategy for collecting finder?s fees for tax sale overages involves locating people that are owed excess proceeds from tax sales. In essence you are acting as an agent for the former property owner with the county. Once you locate someone who is owed money from a tax sale overage, you call them and negotiate a commission for getting them their money. This strategy only works in deed states that allow an agent to collect money for the owner of record. Some states will not allow you to do this unless you have a special license or unless you are a lawyer representing the person who is owed the money. ?You can find out more about this strategy for making money from tax delinquent properties at https://taxlieninvestingtips.com/blog/?p=1074.
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