How to find a Tax Delinquent Properties For Sale list is that important first step in the process of buying tax liens and tax-defaulted property. If you want to profit from the safest investment in America, watch me show you how to get started. By the time I’m finished today, you will know how to find a tax delinquent properties for sale list.
Watch the video above or read the summary below.
The topics I’m going to cover are:
- Investing in Tax Liens and Tax Deeds
- How to Find a Tax Sale List
- Tax Delinquent Properties Are Sold Nationwide
- How to Find a Tax Sale Properties List in a Newspaper
- How to Acquire a Tax Deed Sale Brochure
- The Process of Tax Delinquent Property Investing
- Finding Tax Auctions
- Buying Tax Liens and Tax Deeds Online
- Tax Sale Bidding Strategies
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Investing in Tax Liens and Tax Deeds
This lesson is all about how to find a tax delinquent properties for sale list. I’ve been doing tax liens and tax deeds for about 30 years. I started as an investor and then I became an educator. I’ll go into some of those details as we go along today.
Most of America calls me ‘America’s tax lien and tax-defaulted property authority’. I ended up with that title because I’ve helped literally hundreds of clients through the process of buying tax liens and tax deeds.
I’m going to give you a lot of tips on how to make money, and I’m going to show you how to find a tax delinquent properties for sale list today. I’ll also tell you about how to avoid the biggest mistakes.
How to Find a Tax Sale List
Let’s start out with how to find a tax delinquent properties for sale list. I know that’s what you want to do. The easiest way to do that is, get the local newspaper because they’ll publish it in the county that you’re in if you’re in a state that sells tax liens or tax deeds.
If you’re not in a state that sells tax lien certificates, then you’ll have to go to the county websites. They’ll show you on the county site a huge list of tax lien certificates that they want to sell. I’ll explain about the newspapers and things like that in just a few minutes. There are also lists of tax delinquent properties for sale, and I’ll show you actual lists of those in just a few minutes.
Half of the states in the United States will sell tax lien certificates. Now with those tax lien certificates, you could earn 16% or 18% or 24% all the way up to 36% interest.
With tax defaulted property, those properties are actually going to be sold at a public auction for very close to the back property taxes. When they’re sold, tax liens or tax deeds, the mortgage is wiped out. So start to visualize that you might be able to buy tax delinquent properties for sale for 10 cents, 20 cents, 30 cents on the dollar. Now remember it.
Tax Delinquent Properties Are Sold Nationwide
These are nationwide. There are over 3,000 counties. They’re almost evenly split, but half of the counties will sell tax lien certificates. The other half of the counties will sell tax deeds.
At the County website, you can always find the list there. When you call the County or you get ahold of them online, you can say, you’d like to have the list. Many of them will actually send you the list, but they get away from that because they don’t want to spend the money mailing things to you. So they’ll probably refer you to a website.
What does an actual tax delinquent properties for sale list look like from a County? I’m going to pick a County that’s on the West coast of Florida. It’s called Hillsborough County, but the city there is called Tampa. Many of you will know about Tampa, on the West coast of Florida.
How to Find a Tax Sale Properties List in a Newspaper
So I’m just going to go over here and pick up a newspaper that I have on my desk after I asked them for the list. The first time I asked them for the tax delinquent properties for sale list, they said they couldn’t send it to me. After many inquiries to get it sent, they finally said, “You have to go to the newspaper to get it.” So I did exactly that. I went to the newspaper, and I got that list.
The list has over 40,000 certificates in it. It’s just long lists of all the certificates that are available. When the government sells, they actually don’t sell the property. They sell the property number, and it’s in these lists. There are no pictures in these newspapers. So this is 40,000 tax lien certificates. Anybody can buy one. Some of them are $50, some are $500.
Here’s another list. This last would be Jacksonville, Florida. I just picked Florida to show you this. Half of the States sell these certificates. Now here’s the same kind of thing taking place. They have about 30,000 certificates here in Jacksonville, Florida at this particular auction.
So those tax delinquent properties for sale lists are available from the County, and most of the counties will have a local newspaper printed for local people. One of the advantages you’ll have is that you will now understand that the counties only advertise in their County. They’re not going to advertise in your County.
So Hillsborough County only lets people in Hillsborough County know about it via the newspaper. However, if you go to their website, because that’s what I’m telling you to do now, then you could still find the same list. Will that work in other places? Absolutely. So Jacksonville would be the same way. That’s Duval County, and that County only advertises in that County.
This gives you a huge competitive advantage if you think about it, and I’m going to show you why.
I have a free gift for you that will show you how to profit with tax lien certificates and reveal the secrets of tax deed investing, and I’ll also include a sample auction list and a calendar of tax defaulted property auctions. Get it all now for FREE.
How to Acquire a Tax Deed Sale Brochure
I have more lists. These are lists from New York state, and they’re lists of properties. Now, New York state doesn’t sell tax liens. They sell tax-defaulted property. So that means what they’re going to do is they’re going to make a brochure like I’m holding in my hand right now, and it has multiple pages.
They might have as many as 300 or 400 properties to sell, and there are actually pictures of the property in this brochure. So this brochure will be made, and they will send that out. Usually that’s sent out by an auction company, a company that sells these for the County, so there are pictures of that. So here’s Sullivan County. I can go to their website, and I could download this particular brochure.
They don’t advertise outside of their County. They might have as many as 400 tax delinquent properties for sale, but only people in their county will be there at the public auction. Of course, you can buy. I bought online in this county. They’ll sell online to you, so you could learn how to do this and buy online.
Now, should you just open this brochure and start buying? I would tell you not to do that, but people do it all the time. The point is, all of these public auctions are clearly accessible to you.
So half of the counties in the United States sell tax liens; the other half sell tax deeds. Can I look at places like Los Angeles? Well, of course I can. So let’s do that. Here I have an auction brochure from Los Angeles. This is 2,500 properties in the fifth wealthiest County in the United States.
Every one of the properties in here has no pictures in it. Every one has a property description. You could buy there. Starting bids are $50 and $100, and some properties have starting bids of a million dollars. At an auction, they’ll auction off anywhere from 1,000 to 1,500 properties in one day. As fast as you can snap your fingers, they’re selling properties.
So every one of these counties has plenty of inventories. What I want to make sure that you understand is this business is a business of abundance. There are always going to be too many tax liens and too many tax deeds. I hope you’re getting the idea.
The Process of Tax Delinquent Property Investing
Let’s talk about this investment process a little bit so that you understand it. When a county is selling tax liens, they can have their own rules. Let me give you two different rules so you understand it.
In Georgia, when they’re selling, you can make a minimum of 20% in one day. So you say, “How could I do that in one day?” Because they’re actually selling you a certificate, which is a deed to a property. And if the people come in and pay their defaulted property taxes in one day, they have to give you a 20% return.
Whereas in Florida, right next door, they’re selling tax lien certificates, and it’s a bid down process. It starts at 18%, and if you wanted it more than I did, you’d say 17 and a half percent. Then if I really wanted it, I might say 17%, but it could bid all the way down to a quarter percent.
That may sound a little bit confusing, but after you’ve had my mini class on that, you’ll learn what that bidding process is.
So tax lien certificates are safe and they’re secure. You can’t invest with Ted Thomas. You’re going to invest with the local government. Then when the people pay their overdue property taxes, you’re going to get your money back.
With tax lien certificates, you either get paid or you get the property. Now let me say that again. This is the safest investment in America today. You can’t invest with me. If you invest your money with the government, the government is now going to hold your money, and they’re going to use the money to run the government. But they’re going to give you a piece of paper.
When you have that piece of paper, you now control that property. That property can’t be sold. Nothing can happen on that property until that property owner pays you. If the property owner does not pay the property tax to redeem your certificate, you will get the property without a mortgage. I know that sounds unbelievable, but that’s been going on for 200 years.
In the tax lien certificate states, when you buy a tax lien certificate, you’ll either get paid or you’ll get the property. So think about what we’re talking about here. That’s a nice, safe, secure investment for you. Your money is protected by the property tax code.
Finding Tax Auctions
Let’s continue on. How do you find tax delinquent properties for sale? You could easily just call the county. If you want to find out if there are any liens for unpaid property taxes, you can go into the county records and look at all of that. If you don’t know how to do that, you’ll probably have to go to the county and learn how.
Our students all know how to find tax delinquent properties for sale lists and the tax sales because we teach that as one of our courses.
If you want to research property, you’re either going to go to the County, or you’re going to have to learn how to do it online. Tax-defaulted properties are the same way. If you want to really do the research on the property and know what you’re buying, the only way you can do that is either go to the County or to do it online.
Buying Tax Liens and Tax Deeds Online
We pioneered the business of buying tax delinquent properties for sale online five years ago. I have clients in Singapore; I have them in Australia; I have them in the United Kingdom. They buy online in the United States. They buy here. It’s okay.
They’ll sell to people in Mexico, Brazil, France, you name it. They sell properties online, and you could be doing the exact same thing.
What about these tax defaulted properties? Those States are States like California and New York. If you bought in either of those two States, I can tell you the property owner there is given a tax bill. If they don’t pay it, the property can be confiscated, and it will be confiscated.
New York confiscates the property for delinquent property taxes. Then they resell it into the marketplace, and they get rid of the mortgage. California does the same thing. If they don’t pay their property tax, the county confiscates the property, and they resell it back into the marketplace. Sometimes it’s 10 cents, sometimes 30 cents on the dollar, but you’ll get a good chance to make yourself some money at both of those sales.
Tax Sale Bidding Strategies
Do we have classes on strategies for prospective bidders? Well, that’s a good question and why it’s good is because it’s different in every state. You really do need bidding strategies. The answer is yes, we do it live in our live classes and our virtual classes, and there will be written documents to show you about that. Yes, serious prospective bidders will want to learn those strategies.
Do you want to split it up? If you’ve got $10,000, that’s a good start, and you want to buy lots of little tax lien certificates, $1,000 or $2,000 each, you could do that. Nothing wrong with that. Or do you want to buy one for $10,000?
Here’s the disadvantage in buying tax certificates. The disadvantage is what do you do if they pay the property taxes and redeem the certificate? Well, then you’re going to reinvest right? There are always extra. There are always leftovers to buy. So my suggestion is do what you feel comfortable with.
I don’t care one way or the other whether you do $2,000 or $110,000. When it comes to property, $10,000 is going to be just, oh, you’re going to squeak by getting started.
I had a client just this past year who bought a house for $326. Now, I never bought one for $326. The house is probably worth $40,000 or $50,000, but he bought it for around $300 because nobody showed up at the public auction except him.
When you’re buying tax lien certificates, you can buy for $50 or $2,000, but if you’re buying with $10,000 in that area, buy a couple of $5K, something like that. Remember you’re going to get a rate of return. That’s going to be 16%, 18% or 24%. So if you buy a bunch of small ones, it’s not going to seem like much of a return.
You sometimes have to look at the auction and say, “I’m going to buy what’s available.”
Bill Williams gives a class on this. He’s one of my coaches, and this guy likes to buy in an 18% market – sometimes he makes 19% – but he gets checks. Every day he’s getting money, and he buys online. He has a little beeper that goes off on his phone, and then sure enough, they tell him how much money they put back in his account. So buying those little ones are kind of fun because you’re always getting some new money every day. Think about that.
We hope you enjoyed Ted’s lesson, “How to Find a ‘Tax Delinquent Properties For Sale’ List – Step 1 in a Profitable Process.”
How to find a tax delinquent property for sale list is not difficult if you know where to look. Counties make them available in the local newspaper, on their website, and in brochures.
Knowing how to find a tax sale list and understand it is that important first step in a process that can lead to big profits, but also you do need to know what you’re doing. You need to know how to research the properties, find the auctions, learn the rules, and bid with a sound exit strategy in mind.
Here’s the perfect way to get you started. If you’d like to learn how to reap huge rewards from tax delinquent property investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
Get started today by taking advantage of this Free Gift from Ted. Act now, it costs you nothing and will give you a big head start!
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.