In this interview, Ted answers questions about tax deed sales in Ohio, where auctions are done a bit differently.
You may watch the video above, or if you prefer, read the article below.
The topics to be covered in “Tax Deed Sales in Ohio: Should You Invest?” are:
- Tax Deed Sales and Tax Lien Certificates in Ohio
- Bulk Tax Lien Auctions in Ohio
- Ohio Tax Deed Sales May Occur at a Sheriff’s Sale
- Where to Find an Ohio Delinquent Tax List
- Ted’s Online Tax Deed Investing Course
Want to learn how to invest in bargain real estate and earn profits beyond your wildest dreams? Would you like to buy mortgage-free homes for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then you don’t want to miss this FREE Gift.
Tax Deed Sales and Tax Lien Certificates in Ohio
Let’s talk about tax deed sales in Ohio. Do they sell tax deeds or tax lien certificates in Ohio?
Ohio has a large population, a lot of people and a lot of counties, so it can get a little on the confusing side. Ohio has 88 counties and sells both tax deed properties and tax lien certificates.
A tax lien certificate could pay up to 18% in the state of Ohio, or you could go to an auction where they’re selling the property. At Ohio tax deed sales, they will auction off a deed to the property. When you get the property deed, you own the property.
Bulk Tax Lien Auctions in Ohio
They have bulk tax lien auctions in Ohio. However, I’m not going to recommend them, and here’s why.
First I want you to understand what a tax lien certificate is. It’s just a certificate, a piece of paper. When you buy it, you’re paying someone else’s property taxes. If someone pays the tax, you’ll get paid. If they don’t, you’re going to get the property.
What does that mean if they’re selling tax certificates in bulk? They’ll only sell a million dollars worth of certificates at once. That means a lot of tax lien certificates.
First of all, I wouldn’t want you to invest that much money in any one thing. Secondly, where are these properties, and how are you going to look at them?
My number one rule is don’t buy anything that you haven’t seen. If you haven’t had boots on the ground, don’t buy it. Why? There could have been a wind storm or a flood, or it could be next to a pig farm. You don’t want to buy something you haven’t seen.
If they’re selling to you in bulk, how are you going to look at all those properties? You can’t. If you don’t get a chance to look at them, you might be buying a trashed property or a property in a bad neighborhood. So forget about bulk.
Ohio Tax Deed Sales May Occur at a Sheriff’s Sale
Now let’s talk about Ohio. Is Ohio a good state to invest in? Yes.
Ohio’s a big state in terms of population. You’ve got almost 12 million people there now. That means there are going to be a lot of defaults.
Here’s the trick in Ohio. Most counties will sell real estate at a tax defaulted auction. In Ohio, they might sell tax defaulted property at a Sheriff’s Sale.
A Sheriff’s Sale is usually for mortgage defaults. This is common throughout this industry.
Every county and state has its own rules, but all 88 counties are authorized to have tax deed sales in Ohio. However, they might not have the tax deed sale at a tax defaulted auction; they might have it at a Sheriff’s Sale.
So, when you’re looking for an Ohio delinquent tax list, you could go get a list of a Sheriff’s Sale and might see tax defaulted property in there.
I have personally bought in Ohio. When I go to Cuyahoga County, I can go visit all the properties and do the same thing if I go down to Columbus. In Columbus, they don’t use a separate list, but in Franklin County, they’re going to put them right in with the Sheriff’s Sale. So, you need to pay attention if you’re doing this in Ohio.
Where to Find an Ohio Delinquent Tax List
To find a list of tax deed sales in Ohio, you can search online. You can go to the county to see if the county is going to issue a list, which they’re obligated by law to do.
Also, I have an interactive map, an auction calendar, and you can go there to find the information on every state in the union.
Ted’s Online Tax Deed Investing Course
I’ve been involved in this business for over 30 years, and I offer a tax lien and tax deed investing course that’s an all-day event. It’s twice a month, and you can attend online. It’s 47 bucks for six hours of instruction, and that’s quite a deal.
Most people start at tedthomas.com. The next thing they do is go to a one-day, all-day workshop.
If you don’t want to do that, you can get right to that interactive map and auction calendar to receive a ton of information. This calendar updates every single day.
We hope you enjoyed Ted’s lesson, “Tax Deed Sales in Ohio: Should You Invest?”
At tax deed sales in Ohio, you can purchase real estate at bargain prices, even as low as 10, 20, or 30 cents on the dollar. Be aware that tax delinquent property may be sold at Sheriff sales in Ohio, so be sure to check the Sheriff’s website as well as county websites for tax defaulted property lists.
2 rules that Ted stresses are:
- Don’t buy a property unless you’ve had boots on the ground and actually viewed the property.
- Make sure you know how you’re going to be able to sell the property before you buy it.
This is why Ted does not recommend purchasing at the bulk tax lien certificate auctions in Ohio. They’ll only sell a million dollars worth of certificates at once, and that may be too many properties for you to properly research before purchasing.
Ted has purchased real estate at tax deed sales in Ohio where excellent deals can be found, and he can show you how to do it too.
Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, personal coaching with certified coaches, and an interactive map auction calendar research tool that allows you to visit states online and see where all the auctions are taking place.
If you’d like to start out with a free auction list of tax defaulted properties that are currently for sale, go to TedThomas.com/freegift. See the great deals for yourself.
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.