Regardless of your experience level or bank balance, if you know what you’re doing, you can make a lot of money in real estate – if you know what to buy, and how to buy it. This property is brimming with equity, and is often free and clear – tax foreclosure property. Here’s how to buy houses with back tax – often, for under $1,000.
Tax sale is no place for beginners – or any smart investor, really. It’s no place to buy houses with back tax – the competition will eat you alive. The tax sale is saturated with bidders at this point. 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. 95% of owners pay the taxes during the redemption period anyway, so this is most definitely the wrong way to buy houses with back tax.
Friend, tax property can be bought via other avenues, so don’t get discouraged. It’s best to buy houses with back tax right from the owners themselves – when the window to redeem is quickly closing. The owners that haven’t bailed out their property by this point, probably aren’t planning to. These owners’ properties will be easy to purchase.
Most of these owners will be landlords, or heirs that got a property when someone died, and don’t want to deal with the taxes. To buy houses with back tax from these owners is often as simple as asking for the deeds. (They don’t want them anyway!) Their time is important, so be sure you offer the owners $200 for the time it takes to sign the docs.
Then pay the back taxes and these properties are yours! Or sell quickly, and take your profits before the end of the redemption period. If you focus on this type of owner, it really is that easy to buy houses with back tax – and as you saw, often for as little as a couple hundred bucks.we buy Seattle homes is an excellent resource for this.
Use this method, and you’ll have your first property in no time. If you want to buy houses with back tax, there’s really never been a more opportune moment- the economic slump has created the perfect opportunity for you to buy tax sale property – and a lot of it – so don’t put it off any longer.