Tax Lien Sales NYC: Is New York a Tax Lien or a Tax Deed State?

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Tax lien sales NYC: is NY a tax lien or Tax deed state? The Big Apple has a lot to offer and buying & selling properties is one of them, especially when you can buy at a discount.

Today we’re going to talk about New York and answer your question, “Tax lien sales NYC: is NY a tax lien or Tax deed state?” Now, that doesn’t come up too often, but I tell you right now, New York is both.

I’ll tell you the story about that, but meanwhile, I want to make sure you understand that I’m going to give you some instructions about tax lien certificates and tax needs and how to make money from them.

Want to learn how you can make big profits from bargain real estate? Would you like to buy mortgage-free homes for pennies on the dollar? Or earn outrageously high interest rates? You can live the life of your dreams. Learn how with this FREE mini class!

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Intro to Ted Thomas

ted thomas

I’m Ted Thomas, and most people consider me the authority on tax lien certificates and tax deeds.

I’ve been doing this for about 30 years and started out by buying tax lien certificates. I started small, until I expanded it out, and then I got into the business of buying tax defaulted properties.

It’s a funny thing, and we’ll talk about it now. In the state of New York, you can even do this with credit cards. Think about that.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

NY Counties Explained

New York has 62 counties. Can you find tax lien sales in NYC? Yes, two of the counties sell tax lien certificates, and those tax lien certificates are on Long Island. Nassau County and Suffolk County sell tax lien certificates.

However, New York is also a tax deed state. The rest of the state, as you know, goes up along the Hudson river to lake Ontario and over to Buffalo. All of those counties sell tax defaulted property. Those are called tax deeds.

What is the difference between a tax lien and a tax deed? I’m going to cover both of them in this answer to “Can you find tax lien Sales in NYC or Tax Deed sales?”

There is a lot of activity in New York, so you’re going to get a lot of good information here today on how you can make money relatively quickly.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Buying a Lien Certificate

If you want to buy tax lien certificates, you’re talking about buying a certificate that’s predictable, certain and secure.

This is perfect if you’ve got gray hair like I do, and you’re an old timer who wants to do it in your IRA or via your pension plan. This is safe, secure money.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Buying With the County

You can’t invest with me. You’re going to invest with the county, and you get a check back from the county. It doesn’t get any better than that because your money is protected by the property tax code.

So, there are those 2 counties out on Long Island, then all the rest of the counties going up the Hudson river and across Pennsylvania over to Ohio. All of those latter counties are going to sell tax deeds.

When the people don’t pay property tax, the local county has a big problem. We’ll talk about the big problem in a minute, but let’s understand that those tax deed counties are going to confiscate the property.

A tax deed auction means that the county confiscated the property. They’re not benevolent. They’re going to say, “You didn’t pay. We’re going to seize the property.” Then they sell it at auction to pay the taxes.

tax lien sales nyc


When they sell properties at auction, they wipe out the mortgage. The mortgage is extinguished. That’s done by state law.

All of those counties will have properties. The challenge for you is there will be a lot of abandoned properties.

Why will there be abandoned properties in New York? Because 250,000 people a year leave the state. According to the census bureau, they’re leaving in droves, and they walk from their property because the taxes are so high.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Buying Tax Deed Property

If you buy a property in New York, think about how you’re going to sell it. Don’t buy it unless you know how you’re going to sell that property because there are going to be plenty. There’s always an abundance.

The beauty of New York is they’re going to let you buy with a credit card if you want. So, if you have good limits on your credit cards, you could be buying colonial houses, for example. You could be buying small houses, big houses.

Be careful with abandoned properties because if they’ve been abandoned, since it gets cold in New York, pipes freeze up; they break. There’s water, flooding, all kinds of damage. I’m not negative on this, I just want you to be cautious on what you buy.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Rate of Interest

Everybody’s going to love New York for this reason. There’s always an abundance of tax lien certificates and tax deed properties. Let me make sure that you understand the difference.

How do tax liens work in NY? A tax lien simply means you bought a piece of paper.

In New York, 2 counties sell tax lien certificates, and you can earn up to 12%. Tax lien certificates are good for conservative investment.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

NY Boroughs

As for the boroughs of New York, like Manhattan, the Bronx, Staten Island, and Queens. All of those places sell tax liens, but they only sell them to institutions. They don’t sell to individuals.

They sell to Charles Schwab or someone like that. They’re not going to sell to you, so forget about the boroughs of New York. Go upstate if you want tax deeds. There will be plenty.

There will be colonial houses, homes on 4 acres, however, people have abandoned those. Why did they abandon them? Because New York’s a high tax state. They can’t afford the taxes, so they just walk away because they can’t sell it.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Beware the Risks

tax lien sale nycMy whole business is to keep you out of risk. Let me say it again, my whole business is to keep you out of risk.

How do I keep you out of risk? Simply know what you’re buying before you buy it. Can you get it sold?

People don’t think like that because you think naturally that you went to an auction and practically stole the property, so you think you’re going to sell it and make money.

I’m hoping you can, and I’ll teach you every way I can. My students do very well.

I’ve made more than $100,000 on more than one tax lien sales NYC deal in New York, and I bought the properties with a credit card.

I know what I’m doing, so if you want to follow me, you can follow me. You want to come with me to an auction? I’ll take you.

Learn how you can secure your financial future with this FREE mini class on bargain real estate investing. It’s a gift from me to you. Be sure to take advantage of it today!

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Selling Property in NY

The point is don’t get abandoned properties unless you know what you’re going to do with them, or you’re not going to be able to sell them.

If you’re an expert and you can get them out quickly, good. While you’re waiting, squatters could show up. Every conceivable negative could show up.

My point is, let’s buy in New York, and let’s use our credit cards. However, you need to have a selling strategy. I have people in my office who specialize in strategies.

Be very cautious if you buy in New York. Let’s talk a little bit about the making money part of it.

I teach people to buy it low, sell it low, and move on. Buy it low, sell it low, move on.

If you live in New York, and you want to stay there and go get property for a steal, this is your chance to do it.

In even the best counties, there are going to be hundreds of properties every year.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Buy Low at Tax-Defaulted Auctions

Every county in New York is authorized to do a tax defaulted auction. That means they can sell the property for any price that they want.

If the state has an out population, you need to pay attention to that. If the out population according to the census is 250,000, don’t think I’m negative, I’m just trying to give you the facts that you might not be researching.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Online Research

how can i invest in tax liens RESEARCHWe spend hours on research. I can teach you research using a satellite, and I can teach you where you are right now to buy and sell.

I can show you clients that buy 30 and 40 properties a year, and they never leave their computer.

I bought 9 properties in New York. I’ll can show you some I made $100,000 on and some I got my butt kicked on too.

We specialize in selling real estate. When I teach my class, which I do every week, I have hundreds of clients. People always want to know the same thing, “How do you sell?” Let me give you a couple of quick ideas.

First of all, don’t pay too much for a property. America always pays too much because they’re listed with a broker. A broker has no incentive except to hold the property line. They’ll do anything to hold the property. Why? Because they’ll lose their job otherwise.

My students buy it for 6 cents on the dollar, and then they sell it to make $100,000. Or they will pay 7 cents online and sell it to make $25,000 or $50,000.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?

Sell Low

My strategy is this, and it’s simple, buy it low at the tax defaulted auction. Don’t try to get retail. The whole world wants retail. Am I negative on retail? No. All I want you to do is make money. So, buy it low and sell low.

You want to learn that stuff? I’ve got a Free streaming-video Mini Class for you to show you the nuts and bolts of it. It will show people buying properties, people selling properties, and giving you the nitty gritty of tax liens and tax deeds.

It doesn’t cost you a thing, it’s free, so be sure to take advantage of it.

Tax Lien Sales NYC: Is NY a Tax Lien or Tax Deed State?


We hope you enjoyed Ted’s lesson, “Is New York a Tax Lien or Tax Deed State?”

The answer is New York is both a tax lien and a tax deed state.

Two counties on Long Island, Nassau County and Suffolk County, sell tax lien certificates at a rate of up to 12% interest. The boroughs of New York, like Manhattan and the Bronx, also sell tax liens, but they only sell them to institutions, not to individuals.

The rest of the state sells tax deed properties, which you can purchase mortgage-free for pennies on the dollar, and in New York, you can even purchase tax deed real estate with a credit card.

By utilizing Ted’s buy low, sell low, and move on strategy, you can sell the property fast to generate cash flow quickly. This is truly a way to achieve financial independence!

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.

Ted Thomas classGet 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!

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Ted Thomas

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.

The Ted Thomas Difference:

  • Ted is recognized as America’s Tax Lien Certificate & Tax Deed Authority and has been helping people with investing in tax 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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