Today, I’ll be discussing property tax auctions, which take place in over 3,000 counties across the United States. This business attracts individuals who are looking to buy bargain properties for big discounts.
My name is Ted Thomas, and I’ve been involved in tax defaulted property and tax lien certificates for over 30 years.
The topics I’ll be covering are:
- The Potential for Profit From Tax Delinquent Property Investing
- How The Property Tax Auction Process Works
- Where to Find Upcoming Property Auctions
- Learn How to Buy Tax Defaulted Properties
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The Potential for Profit From Tax Delinquent Property Investing
The main reason people are attracted to property tax auctions is the potential for profit. It’s not uncommon to find others in the real estate business who are also attracted to the property tax auction business, particularly those who want to flip houses.
The idea of finding properties that can be bought for pennies on the dollar is certainly appealing.
Imagine being able to buy slightly used and abused properties for 10-20 cents on the dollar and then reselling them on platforms like eBay, the Multiple Listing Service (MLS), Craigslist, or Zillow for 50-60 cents on the dollar.
Some people want to make a six-figure income, and you can certainly do so in this business.
The potential for profit is clear. And, it’s not just about flipping houses, it’s also about solving problems for other people.
How The Property Tax Auction Process Works
The property tax auction process is relatively simple. Your local county needs money and they have properties that they’re going to auction off. You can go to these auctions and buy real estate for stunning discounts, leaving you with a nice margin.
The official county treasurer is authorized by the legislature to sell tax defaulted property. If the property owner doesn’t pay the property tax, the treasurer will issue default notices. After a number of default notices, if the property owner still hasn’t paid, they will levy the tax and seize the property.
The treasurer doesn’t want the property, so they will auction it off for as low as 10, 20, or 30 cents on the dollar for the starting bid. The highest bidder gets the property.
Sales are final, and in most cases, there is no redemption. Only six states allow the tax delinquent property owner to redeem the property after the tax sale.
Where to Find Upcoming Property Auctions
The properties are sold year-round at public auctions, both online and offline, in counties and municipalities across the United States.
To find property tax auctions, you can search the county website online. Auction dates and tax delinquent property lists are also published in the local newspapers.
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Learn How to Buy Tax Defaulted Properties
I highly recommend finding a coach or mentor to help you navigate the process of property tax auctions. It will accelerate the process and increase your chances of success.
This is a business where you can do what you want, when you want, and the rewards are quite high for those who learn it well. It’s not necessary to get a license from the state, but learning how to do it is crucial.
We hope you enjoyed Ted’s lesson, “Property Tax Auction.”
Property tax auctions are a great opportunity for investors who want to make a lot of money. These auctions are advertised both online and offline, and they take place in counties all over the country.
Many people are attracted to this business because they can generate cash flow by buying properties at a low price and reselling them for a higher price. It’s a problem-solving business, and those who can solve the problems do very well.
Tax delinquent property investing is part-time work for full-time income, and anyone can do this if they’re willing to learn.
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.