Where Can I Find a Tax Delinquent Property List?
If you want to know how to buy property with delinquent taxes, you will need to start with step one, obtaining a tax sale list. Before investing in property via a tax lien or a tax deed, you first need to find properties around your community that are available.
You can invest in suitable properties if you have the appropriate tools and resources. But how can you search and find these delinquent properties?
You may watch the video above, or if you prefer, read the transcript below.
Search The County Tax Lien Website
Information on delinquent properties is public knowledge. There is ample information available to any citizen wanting to find out about a specific property – you just need to know where to look. Usually, the county will have the information you are looking for on its website.
The website will have information such as property taxes owed, the property’s condition, photos of the property, and other information you need to make your investment decision. Most counties will update their lists of delinquent properties regularly.
Check Local Newspapers for Tax Delinquent Properties
If you can not find any information online through the county website, check the community newspaper for details on tax-delinquent properties.
Most newspapers will publish a list of their properties that are easily accessible to the public.
How Do Delinquent Property Tax Auctions Work?
The auctions for tax delinquent properties will vary by state, so it is recommended to research and do your homework before heading to the auction. Check the county website daily for any updates on the property you’re interested in.
There are over 3,000 counties in the United States, and all are independent entities. Each county will have different rules and differ in how they hold their tax delinquent property auctions.
Some counties may hold auctions as frequently as every two weeks, while others may only hold one annual auction. For example, Broward County, Florida will have an auction every two weeks. Meanwhile, in New York, the auctions are annual.
Additionally, the size of auctions vary per county. Auctions in lower population areas will be small with a couple of dozen properties available, while auctions in higher population areas could be very large.
For example, it’s common for Los Angeles County to have over a thousand properties for sale. They will hold two auctions annually, one online and one that bidders must physically attend,
Many counties will have online auctions. Some may hold auctions offline, or they may have an auction occurring both online and offline simultaneously.
At a tax sale, the bidding begins at the back taxes, and properties are sold without a mortgage. Anyone can bid, and the highest bidder wins. At an online auction, bidding on properties can be done from anywhere in the world. It is not necessary to be a US citizen to purchase tax delinquent property.
Learn More About How to Buy Property With Delinquent Taxes
In conclusion, to purchase tax sale properties, your first step in the process is to obtain a list of tax delinquent properties. The best places to look are on the county website and in the local newspaper.
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Read the Video Transcript of How to Buy Property With Delinquent Taxes
Randy: So maybe you’re interested in buying some delinquent property but you’re wondering, where do I find it? Where’s the list? Well, you’ve come to the perfect place because this is the perfect guy to give you the information. This is Ted Thomas, who’s an authority on tax lien certificates and tax auctions. Ted, where do you get this information? How do you go shopping for this stuff?
Ted: This is all public knowledge. So let’s say I’m in Florida but I’d like to buy some properties in New York. So you can go and look up New York or you can use one of our directories. It will show you there are 67 counties in New York. So I’m just going to reach over on my desk and show you what I printed off the internet, okay?
Ted (cont’d): So I went to the internet and I said, well, I want to know about Dutchess County. That’s one of the counties in New York. It’s about 100 miles from New York City. And so I went to the internet and there was a brochure, so I just printed it out. And it said they have 113 properties at this auction. Then they’re kind enough to show me a picture of every property and the description of every property. Nothing’s hidden.
Ted (cont’d): I can then click on any one of those and it will take me right to the property. If they have pictures of it and these are not going to be glamor pictures. Now they’re going to show you the property and they’ll tell you every detail. I bought colonial houses that way, I bought little ranch houses that way. You can look at every detail on the property.
Ted (cont’d): They will tell you how many square foot, five acres, one acre, acre and a half, oak trees, elm trees, whatever it is, tell you all about it. They’ll also tell you that these are used and abused properties. Now, some of them are junk so don’t buy those. And you’ll see that, if it’s junker, you’re not going to buy that. All right, so that’s one way you can do it. All right, so you could go online and do that.
Ted (cont’d): The newspapers will help you out a lot. Okay. If they publish it online, they also publish it in a newspaper like this. So this newspaper, this one happens to be Duval County over here in Florida. Okay. So there’s a list, you can see there are about 30,000 certificates there. But let me show you the big deal. I’m going to show you a big deal right up. It’s going to shock you.
Ted (cont’d): So Los Angeles county is a big county. Now, it’s probably the fifth wealthiest county in the United States. So you’d say, well there’s all that wealth in Hollywood and all those places. Well, they have tax auctions there too. Folks, this is the book from Los Angeles. This is the actual tax sale list. This is the list.
Ted: There are like 1000 properties there. You don’t have to do some research and some homework, 1000 properties and the starting bid is the back taxes. Now, let me say it again because you don’t believe me. The starting bid on every property that I’m showing you in this book is the back taxes and there’s no mortgage. The mortgage has been wiped out by the county. They have wiped out the mortgage and look how many they have, thousands.
Randy: Hey Ted, how often does the county come out with a list like that? Is this a once a month, once a year, once a quarter thing?
Ted: It’s a good question. And it’s up to the county. You know, every county, there are 3000 plus counties, they’re all independent entities. So if you decided to stay in Florida and you want to do it in Broward county, you know, that is for Lauderdale, they have an auction every two weeks. If you went to a place like New York, they only like to do it once a year.
Ted (cont’d): If you go to Los Angeles, they’ll do this twice a year. Once it will be a live auction and they’ll have over a thousand and once they’ll do an online auction. So they do both. In some counties, like we love to go to Michigan and buy and we buy the 67 counties, all 67 counties get together in one week’s time and so you can sit at home and they’ll show a picture in the room you can do on Zoom just like you and I are making a video.
Ted (cont’d): On Zoom they’ll show you the property. You can bid online and there are people in the room. So you’re bidding. They actually just say, okay, we’re done in the room, anybody online want to bid, they go back and forth. So it’s up to date. They’ve come into the 20th century which is absolutely amazing.
Randy: Is it possible to, somebody’s watching, getting property, you know, somewhere else from where they live, is it possible to get on the list so that they’re alerted when that list comes out so they can be sure to get the properties right away?
Ted: Yeah, you can get on lists, but you know, the county’s not in the business of marketing
Randy: Yeah, right.
Ted: What the county wants to do is pay your taxes. They’re going through laborious work for them. And the counties are really backward. They’re really 50 years behind the times. It’s taken us the last 20 years to get them just to start. I pioneered this online because I have so many clients and my clients aren’t just United States. They’re all over the world.
Ted (cont’d): So I have hundreds, I mean literally hundreds of clients in Ontario, in Alberta, in British Columbia, Saskatchewan, and in the United Kingdom, in Singapore and they want to buy online. And so you could to do the whole… These people do the whole business online. We actually teach people. We have special classes just to do it online. Now, we’re not going to do that today, but you get the idea.
Randy: If you want a little more of an idea of what Ted’s talking about, head to his website, tedthomas.com because there are a lot of videos to give you a little insight into various areas of these investment opportunities. And it’s a treasure trove of information. I’m learning a lot by talking to Ted here. I hope you’re learning something. Definitely head there, tedthomas.com.
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