Delinquent Property Taxes in Texas

In this interview, Ted will reveal how to profit from investing in real estate with delinquent property taxes in Texas.

You may watch the video above, or if you prefer, read the transcript below.

In “Delinquent Property Taxes in Texas” the topics we’ll be discussing are:

Want to learn how to invest in real estate with delinquent property taxes? Would you like to buy mortgage-free homes for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then you don’t want to miss this FREE Auction List offer.

254 Counties Hold Delinquent Property Tax Auctions in Texas

Texas is a redeemable tax deed state with 254 counties. The majority of the counties in Texas will hold an auction monthly, and the amount of properties for sale depend on the size of the county’s population. For example, a large county like Dallas would have about 200 properties up for auction each month.

To get a list of real estate with delinquent property taxes in Texas, just go to the county website. There you’ll find a list of all the properties for sale, property descriptions, the auction date and the auction rules.

Buying Redeemable Deeds at Texas Tax Sales

The tax delinquent properties sold in Texas have redeemable deeds. In other words, after you’ve purchased the property at the auction, the tax delinquent property owner may redeem the deed from you by paying you back all of your money plus a 25% penalty.

The redemption period in Texas for redeemable deeds is six months. As the investor, you must receive back all of your investment plus 25% at the end of six months or you get to keep the property.

Learn More About Buying Tax Delinquent Properties in Texas

If you want to learn more about profiting from real estate with delinquent property taxes in Texas, view more of Ted’s free videos.

Ted is the authority on the subject of tax lien and tax deed investing and has been teaching students how to buy and sell tax delinquent properties for over 25 years.

If you want to have a free auction list of tax defaulted properties that are currently for sale, go to TedThomas.com/freegift.

Conclusion

We hope you enjoyed, “Delinquent Property Taxes in Texas”

When you purchase real estate with delinquent property taxes in Texas, you’re buying a redeemable deed. The tax defaulted property owner has six months to pay you back all of your investment plus 25%. If you’re not paid, then you get the property.

If you’d like to know more, Click here to get started today!

profit from real estate with delinquent property taxes in Texas

Read the Video Transcript:

Delinquent Back Property Taxes in Texas

Randy: We’re lucky to be joined again by Ted Thomas who is the authority on Tax Lien Certificates and Tax Deeds. Hey, Ted, Texas, is that a good place to get real estate, and what’s it like compared to where you’re living in Florida? Regarding real estate with delinquent property taxes in Texas versus Florida, what can you tell us about that?

Ted: That’s a good question. First of all, everything’s good in Texas. Texas is now the second most popular state, and thousands of people are moving there for a reason. First of all, Texas does not have a state tax on your income. Florida compares with that. They don’t have a tax on your state income. So all those people in New York and Ohio and Illinois that are paying all that extra tax, they move to Texas or Florida.

Ted (cont’d): So let’s talk about tax liens and deeds. In Florida, they sell tax liens and tax deeds, and in Texas, they sell tax deeds. In Texas, they have 254 counties in the state. Most of the counties will have an auction every month. If they don’t have any properties, they won’t. But the big communities, San Antonio, if you go to Houston, you go to Dallas Fort Worth, they’re going to have a lot of properties come up for auction.

Ted (cont’d): Now, when those properties come up from auction, let’s just pick on Houston for right now. Fort Worth and Dallas would be a very similar thing. They’re going to have approximately 200 properties for sale every month. They’re going to sell those properties, and when they sell them, the properties have a redeemable deed. So they sell the property. You’re going to get a piece of paper that represents that you own that property.

Ted (cont’d): You can actually go there and raise the rent on the property if the people stay in it, and you can fix it. If they stay in it, you can do anything you want with the property, but you can’t kick the people out for six months. During that six months, the clock is going tick, tick, tick. During that six months, things are accumulating. What happens at the end of six months is if they don’t pay you everything that you paid for that certificate plus 25%, you get the property.

Ted (cont’d): So here’s the alternative. You win. You raised your hand; you paid the tax, and you’re either going to get the property or you’re going to get 25%. How bad is that? So Texas is a great, I said, great. G R E A T, a great place to do this business.

Ted (cont’d): Does it take a little bit of time to learn it? Do they have special things about agricultural districts? Do they have they have special things about minerals under the ground? Yes. Do they have a lot of land? Yes, but that’s not what I’m covering on this.

Ted (cont’d): Now we’re going to compare that with Florida. Florida is probably the state right behind Texas, not as big, but they have many tax lien certificates. In the month of may, every year, they will sell 1 million tax certificates. That means 1 million property owners did not pay their property tax. So you could buy that certificate. The certificate pays all the way up to 18%, and the redemption on that certificate has to be made within two years. Remember, Texas was only six months.

Ted (cont’d): Sometime in that two years, the property owner that owns the property is still living there. They have to come and pay you. If they don’t come within two years to pay you, then it’s going to go to auction and be sold at whatever the market will bring. So when you buy a tax lien certificate in Florida, you can make money up to 18%. If you buy one and they pay it off in 90 days, you’ll make about 5%. So you’re always guaranteed about 5% in Florida.

Ted (cont’d): So they’re both excellent states to do it. They’re both excellent states because they have land. They have a lot of land. I’ll cover land on another video, but you’re getting the idea. Both of those states are powerful. I love Texas, and I love Florida. I live in Florida. My favorite state is Georgia, and I’ll cover that on another video.

Randy: Well, hey, you know what, Texas Cowboys and all that. If I was interested in getting something there, how do I find real estate with delinquent property taxes in Texas? What would I do? How would I locate it?

Ted: Real estate with delinquent property taxes in Texas is going to be always at the county. No matter where you are, it’s always at the county. The county will make a list of tax delinquent property for sale. I don’t have a Texas list here in front of me, but they’ll put it on a small list like this. This list is tax liens. They’re going to have maybe 200 properties in this brochure. They will give you a brochure, or you can do it online. They’ll show the whole thing online.

Ted (cont’d): So let’s say you wanted to do this in Dallas. You go to Dallas county; you’ll go to tax defaulted property. You get to tax defaulted property, they’ll have a whole list of them. Sometimes they’ll even have pictures. They’ll have the description of every single property that’s there. They’ll tell you it’s a blue house. It’s a four bedroom, two bath. It’s under an acre and a half, or it’s on 16 acres, whatever it is.

Ted (cont’d): They’ll tell you all that. It’s all public knowledge. You want to go to El Paso? You can go to El Paso, then do the same thing. Go to the county website. It’s all there. All the information is there. They’ll tell you the date, even give you the auction rules. They’re not hiding anything. This is public knowledge. Every bit of it.

Randy: Well, I know another way to get one of those auction lists, Ted.

Ted: Yeah.

Randy: And I’m going to share it with you. You know what? If you just go to TedThomas.com/freegift, you’ve got a free auction list. One, right Ted?

Ted: Right, one, and there are 5,000 auctions. We’ve got them all. We’ve got a huge database to pull all that information if anybody wants to go there. Free means there are tons of videos, and it’s all free.

Randy: Tons of videos, and you get to know Ted and this whole business. So you want to check it out. Ted, thanks for talking to us again. Right now, head there, TedThomas.com/freegift.

Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.


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The Ted Thomas Difference:
  • Ted is recognized as America’s Tax Lien Certificate & Tax Deed Authority and has been helping people with investing in tat defaulted properties for over 30 years.
  • Ted has built a team of certified coaches that have 70 combined years of auction experience and are available to his students by phone to guide and mentor you to avoid getting overwhelmed or worse, losing money
  • Ted has ironclad PROOF that what he is teaching you does work. With hundreds of successful students providing testimonials and a 4.9 Google rating which is unheard of in this industry.
  • Ted and his staff don’t hide behind a website; they can be reached during office hours at 321-449-9940.
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