What’s wrong with tax deeds? And Is there a better way to buy real estate at deeply discounted prices?
First let’s discuss the problems with buying tax deeds, and then we’ll talk about another, better way to invest in properties for 65% or less of the after repaired market value. The first problem with buying tax delinquent properties is that more often than not, these are extremely distressed properties that need a lot of rehab. They often need to be cleaned out and then have some major rehab work done to them, which could include fixing water damage, repairing the roof, replacing plumbing and appliances, not to mention painting and updating. Continue reading
Since the Florida tax lien auctions are coming up in May I thought that everyone could benefit from the answer to this question that I got about Florida tax lien investing…
Nebraska is a lien state. The interest rate is 14% per annum and the redemption period is 3 years. Nebraska uses the “bid down the percent ownership” method of bidding. Since this system does not work very well and is not popular with bidders or counties, most Nebraska tax sales make use of a “rotational” bidding system. The following information was taken from the Douglas County Treasurer’s website a few years ago: 
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