IS NEVADA A TAX LIEN OR TAX DEED STATE?
Are you living in Nevada and wondering, “Is Nevada a tax lien or tax deed state?” Even if you’re not from Nevada, find out if the state sells tax liens or tax deeds and how you can earn from both!
Hi, I’m Ted Thomas, and today I’m going to answer your question, “Is Nevada a tax lien or tax deed state?”
I’ll go through all the details of that, but I’ll also tell you a few things first about how to make money and how to avoid the mistakes.
So, is Nevada a tax lien or tax deed state? Well, I’m here to tell you they do both in Nevada. So, I’ll go ahead and explain that.
We’ll start out with tax lien certificates, and then we’ll graduate to tax defaulted property or tax deeds.
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IS NEVADA A TAX LIEN OR TAX DEED STATE? – CLARK COUNTY
Most of the population in Nevada lives in Clark County over in the south end of the state. There are a few people up around Reno and Carson city, but the major population is in Clark County. So, that’s what most of the activity is going to be.
Do they sell tax liens or tax deeds? Generally speaking they’re going to sell tax deeds in Clark County.
Some of the other counties might sell tax lien certificates, but first I’ll spend a little time here talking about these tax deeds.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – A LUCRATIVE BUSINESS
You may be saying, “Who is this guy, and why should I even listen to you?” Well, you should listen because I’ve been doing this as a practitioner for over 30 years.
I started out when I was skinny and had black hair, and guess what? I’ve kept doing it because I made money with tax lien certificates, then I grew and started making money with tax defaulted properties.
Now, using a computer, I can sit at home, just like you can sit at home and do this. In every county in the United States you can buy tax liens or tax deeds.
Now let’s answer today’s question, “Is Nevada a tax lien or tax deed state?” and talk about these things, how good they are or how bad they are.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – NEVADA TAX LIEN CERTIFICATES
Does Nevada sell tax lien certificates at a high interest rate? Tax lien certificates in Nevada don’t pay very high. They pay 12%.
That’s a good rate if you compare it to Bank of America because it’s 12 times more than they’re paying currently.
However, if you’re going to buy tax lien certificates and do it online, a better way might be to investigate Florida where they pay 18%. Or you might look at Illinois which pays 36%, or perhaps Iowa at 24%.
If you like Nevada, and you want to buy tax lien certificates there because they’re easy to check out, then Nevada’s going to pay you up to 12%.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – NEVADA TAX DEEDS
What is the difference between a tax lien and a tax deed? Tax deeds are a whole different ball game.
What happens when you buy tax deed properties? You’re going to end up with a property, and this presents a whole bunch of challenges.
The good thing is when you buy a tax defaulted property, a tax deed, you end up with the property. The bad thing is you end up with a property. What are you going to do with it?
If you’re going to make money, you have to buy it right.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – MORTGAGE-FREE PROPERTY
First of all, why on earth did the county end up selling you a tax deed? What happened is that someone didn’t pay their property taxes.
In that case, what the county will do is confiscate that property. Additionally when they seize the property, they wipe out the mortgage.
When that mortgage is wiped out, they put the property up for sale. They will sell it somewhere very close to the back taxes plus whatever the penalties will be.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – ORAL BID AUCTIONS
What is a tax sale in Nevada? It’s a tax defaulted property auction. You can buy that property at an oral bid auction. Most of those auctions are live, but plenty of them are online, and in some cases, they’ll do both.
They’ll have bidding in the room at the same time they’re taking bids online, and the auctioneer will go back and forth watching the bidding. It slows it down a little bit, but it’s a good way to buy properties.
You could buy property online from the state of Nevada if you’re living in Florida, New York, North Dakota. Wherever you are, you could buy. You can even buy it from outside the USA.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – AUCTION RULES
How do you get all these properties? Well, I didn’t make the rules. The rules are different in every state. It’s the nuances of the rules that you need to know. So, I’ll give you the basics.
You’ll always get the nuances by looking at the county website, looking at the auction website, and asking a lot of questions of people who work at the county. The nuances are available, but you’ll have to get them.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – VETTING PROPERTY
So let’s say you bought a property, and you own it now. The challenge is what are you going to do with it? Is it in good shape or bad shape?
If you looked at it, you’d know its condition. If you didn’t look at it, then you need a class like we teach, or you need someone to go look at it.
Here’s an easy way. Just send an Uber driver out there or a Domino’s pizza driver if you want, someone who’s got a camera, and have them start taking pictures.
That will give you a good start and tell you whether it’s falling down or the roof caved in or it burned down.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – SELLING PROPERTY
So now you own the property, and you want to sell it. I’m going to recommend, and what I teach is, buy it low at the auction and then resell it low.
How do you go about reselling? Well, I would not spend a lot of time with brokers. I would do it with signs, newspaper ads, Craigslist, and eBay.
I would use every electronic site in the world. Why? Because that’s the way people want to buy today. So, sell it for whatever dollars you can get.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – BUY LOW AND SELL LOW
If you bought a property for 20 cents on the dollar, sell it for 40 cents on the dollar. Just get a check.
Now, once you’re a sophisticated investor, and you’ve done it 4 or 5 times, you can bring the prices up. However, don’t try to do that right away. Just buy and sell; go through the whole process.
Can we teach you that process? It takes you anywhere from 4 weeks to 4 months to learn how to do that. You’re not going to get rich this weekend; that’s just not going to happen, but this system always works.
Why do I know it always works? Because I’ve done it for 30 years. I’ve done it step by step, and I have thousands of students, not just nationwide, but worldwide.
So, what am I going to do for you? Well, I’m going to do something for you right now. If you want to learn this, I have a Free Class that’s about 1-hour long that shows you how to do it. You can learn a lot about tax liens and tax deeds, and it costs you nothing, so be sure to take advantage of it.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – A SAFE INVESTMENT
Now, let’s talk about the tax lien counties. This is really for conservative investors.
Why do I say that? Because a tax lien is a super safe investment. It’s so safe, you can’t buy from me; you can’t buy it from a broker. You’re going to buy your tax lien certificate directly from the county.
That means you give your money to the county, and you will get a check back from the county. You’ll always get paid. If you don’t get paid, you’ll get the property.
I didn’t make that rule. The local government has the authorization from the legislature to sell tax lien certificates. They give you a guarantee when you buy.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – AN INVESTMENT SECURED BY REAL ESTATE
The guarantee is this, you get whatever the rate is on your certificate, and if you don’t get that rate, you’ll own the property.
I love to get the property for just buying a tax lien certificate, and I can show you dozens of students who have ended up getting a property with a tax lien certificate.
They might have spent $2,000 or $5,000 for that certificate, and they ended up with the property.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – AN EXAMPLE
I had one group in Phoenix, a young couple that spent $11,000. The taxes were never paid, and the property was worth $180,000.
This couple was smart. They did what we advised: always have an exit strategy. So, they looked at the property, and they saw a $180,000 dollar condo.
It had fountains. It was beautiful, and they bought the tax certificate for $11,000.
The property owner never redeemed. In other words, the property owner never paid, so they ended up with a $180,000 condo. What could you sell that for?
IS NEVADA A TAX LIEN OR TAX DEED STATE? – A PROCESS THAT WORKS
They didn’t know anything about real estate. As a matter of fact, the majority of my clients that do well don’t know anything about real estate.
64% of my clients are women who don’t even want to leave the house, so they learn how to do it online.
Most of my clients are women. Why? Because we can teach online. We teach them not to fix it.
I’m not a fixer-upper guy. I buy them, I sell them, buy them, sell them. You can do the same thing. Buy it low, sell it low. Follow the process.
It took me 20 years to develop a process that always works, and it always works for a reason.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – BUYING TAX LIENS ONLINE
All tax liens are online. You can buy them online; you can sell them online. It’s a great business to be in.
How much money do you have to spend? Start with 50 bucks if you want. Start with $500, start with $5,000 up to you whatever number you want. That’s where you can start.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – TAX LIEN CERTIFICATE REDEMPTION
You don’t have to spend a lot of money. You won’t fail if you buy a tax lien certificate because 97%, maybe even 99% of all tax certificates are going to pay you.
As for that 1% that doesn’t, you’re going to get a property for 2% or 3% of the assessed value.
IS NEVADA A TAX LIEN OR TAX DEED STATE? – BARGAIN REAL ESTATE
Where are you going to get a property anywhere in America for 2% or 3%? For that matter, where are you ever going to get a property without a mortgage at a tax deed auction for 20 cents or 30 cents on the dollar?
It’s not going to happen unless you learn how to do this.
We hope you enjoyed Ted’s lesson, “Is Nevada a Tax Lien or Tax Deed State?”
The answer is that Nevada is both. You can purchase tax lien certificates in Nevada at oral bid auctions, and the interest rate paid on the certificates is up to 12%.
Tax lien certificates are secured by real estate, making this a safe passive investment. You either get paid all your money back plus the interest, or you get the property, and you get it mortgage-free.
At a Nevada tax deed auction, you purchase the property outright. Bidding begins around the amount of the back property taxes owed, so you can buy properties for 10, 20, or 30 cents on the dollar.
Nevada has something for everyone, tax lien certificates for conservative investors and tax deeds for more hands-on investors.
If you’d like to learn more, there’s no one more qualified to teach you how to invest in tax delinquent property than Ted Thomas, America’s leading authority on tax lien certificates and tax defaulted property investing.
Ted Thomas is the only one who provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops & web classes, and personal one-on-one coaching.
Get started today at no cost with Ted’s FREE Master Class, that reveals the incredible opportunities available in tax lien certificates and tax defaulted property. The class is only about 1 hour of streaming video and contains life-changing information! You can’t afford to miss it!