You can profit from land for sale at auction. Tax defaulted land can offer amazing benefits, including access to cheap mortgage-free properties. However, it’s important to research property before buying and understand how to sell it quickly if needed.
Table of Contents:
- What is Tax Defaulted Land?
- Benefits of Buying Tax Defaulted Land
- How to Buy Tax Defaulted Land Safely
- How to Sell Land
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What is Tax Defaulted Land?
Tax defaulted land is real estate that’s been seized by the local government due to unpaid taxes. This presents a unique opportunity to investors because land for sale at auctions is available at far below market value.
The process of buying tax defaulted land starts with researching potential tax delinquent real estate auctions and finding out when and where they’ll take place. It’s important to note that each county may have different rules regarding these types of sales, so doing your research ahead of time is key. Familiarizing oneself with any local statutes or regulations pertaining to purchasing tax defaulted land is essential prior to attending an auction.
It’s important to understand what kind of bidding process will be used at the auction as well as how much money you need to bring with you on the day of the sale.
Buying tax defaulted land for sale at auction offers auction buyers the potential for big returns with minimal risk. Let’s explore the potential gains that could be realized through acquiring tax-defaulted land.
Benefits of Buying Tax Defaulted Land
Tax-delinquent properties can be procured, often for far less than their monetary worth, making them a desirable investment choice. When these properties are sold at auction, they typically begin with very low starting bids, like 10, 20, or 30 cents on the dollar of the tax assessed value.
Another advantage of acquiring tax-defaulted land is that it comes without any encumbrances or liens connected to it, which means no lingering debts need to be settled when you purchase the property through the tax sale process.
Another benefit of investing in land for sale at auctions is that there is usually little competition from other bidders due to its niche nature which can help keep prices down further, increasing your potential profits when reselling later on down the line.
Overall, buying tax-defaulted land can be a great way for auction buyers, both experienced and novice alike, to make money while diversifying their portfolio without taking on too much risk.
Let’s look at how you can buy these properties safely.
How to Buy Tax Defaulted Land Safely
Prior to buying any tax-defaulted land, it’s prudent to investigate the property for possible hidden issues like zoning regulations or easements that could have an impact on its value or usability.
Next, it’s important to obtain a copy of a survey map from your county assessor’s office in order to confirm boundaries of the property being purchased. This will help prevent surprises later on.
Finally, always remember that when investing in tax sale properties there are no guarantees – even if everything looks good initially; unforeseen circumstances can arise at any time during ownership so caution must be exercised throughout every step of the process.
By understanding the process and learning how to conduct due diligence, you can confidently purchase tax defaulted land at auction without worry. Now let’s explore the other side of this investment opportunity – selling real estate purchased at tax sale for a profit.
How to Sell Land
Multiple avenues are available for selling real estate acquired at auction. The most common way is to simply flip the property for a profit. This entails purchasing the land at auction and then swiftly reselling it for a higher price than what was paid.
You can also generate passive income from your purchase by offering seller financing on the property. With this option, you would offer potential buyers an installment plan with interest in order to make money off of their payments over time.
Another option is to rent out the land or use it for agricultural purposes such as farming or ranching.
Buying land for sale at auction can be an excellent way to get a great deal on mortgage-free land. It’s vital to conduct thorough research prior to purchase. Once you’ve done that, you can take advantage of the low prices available at these real estate auctions and resell quickly for a profit or offer seller financing.
With careful planning and due diligence, buying land for sale at auction can be a great investment opportunity.
Invest in tax defaulted properties and get a free calendar of auctions to see when and where they will be sold. Our program provides the necessary educational courses, reports, videos and resources to help you confidently invest in these below-wholesale properties. With our guidance, you can take advantage of this money making opportunity while protecting your investments with due diligence research. Join us now for an exciting venture into the world of land investment at auction!
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.