How to Purchase Real Estate For Taxes – The Secret Weapon of the Pro Investors
It’s a great time economy-wise to learn to purchase real estate for taxes. The way to get tax property with the least competition and risk is outside the tax sale – here’s property tax how.
- Don’t try to bid at the auction.It’s no longer possible to get a great deal because of all your competitors. And even if you were able to buy a property this way, the owners usually pay off the taxes anyway. You have to purchase real estate for taxes outside the auction, whenever possible.
- The year after tax sale – specifically, the last three months – will be your “strike zone.”By this far into the redemption period, most owners that can, will have redeemed their property. This leaves owners that can’t or don’t want to pay the taxes, for a number of reasons. These are the owners you’ll want to purchase real estate for taxes from.
- Find the owners, and skip-trace them to find their current contact info.Free searches on the web as well as paid skiptracing sites makes this step easy. You can then contact them via email, letter, or phone. (Phone usually works best.) You can even contact them through Facebook – it works better than you might think.