How to Buy Tax Lien Properties

Wondering how to buy tax lien properties for pennies on the dollar? This simple method can lead to unbelievable returns on your money, especially if you wind up with the property free and clear.

So let’s look at how to buy tax lien homes at an auction.

The first thing you need to do is to figure out what state you want to buy tax liens in. Once you know that you can go to the county’s treasurer’s website and get a list of all properties that are going to auction as well as when and where the auction is taking place.

Be sure to print out the FAQ because it will tell you everything that you need to know about the auction like where it is and how it work. Every state is a little different, some might make you physically show up at an annual action and bid on each tax deed with every other investor there.

Others may be online and allow you to buy the deed from the comfort of your own home. You figure out exactly what you need to do by looking at the FAQ.

Examine the Properties

One thing you don’t want to do is to simply show up and start buying investments. Remember with each tax lien that you buy you are taking a risk of having to own the property associated with it.

If don’t want to wind up with an extra acre of land in the middle of nowhere or a broken down piece of **** in the slumps you are going to want to do your research beforehand. Get the list of addresses from the county’s website and do your own research on them before showing up.

You can see what the property looks like by going to Google maps and entering the address. While you’re there you can get a feel for the neighborhood and how easy it would be to sell/rent the place if you ended up owning it.

You can also get an estimate of the property’s value by going to cyberhomes.com and searching the address. This way if you buy tax lien homes you know approximately what the property is worth.

How to Buy Tax Lien Properties At Autions

Each county has a different procedure but most will make you show up and bid on the tax liens individually, either by biding the interest rate down or the tax lien up. At the end of the Auction you will have to write a check for the tax liens that you have bought.

In a few months you will start getting checks in the mail which makes it all worth it in the end. And should you end up with a house or property you will get something that you can use because you did your research beforehand.

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