In this interview, Ted explains how to find a tax delinquent properties for sale list in Georgia.
You may watch the video above, or if you prefer, read the transcript below.
The topics to be covered in “Finding a Tax Delinquent Properties for Sale List in Georgia” are:
- Investing in Tax Deed Sales in Georgia: An Overview
- Buying a Redeemable Deed in Georgia
- The Benefits of Investing in Georgia Tax Sale Properties
- Getting a Tax Sale Properties List in Georgia
- Why Invest at Georgia Property Auctions?
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Investing in Tax Deed Sales in Georgia: An Overview
Tax deed sales in Georgia are unique compared to other states. The tax deeds in Georgia are redeemable, which means that the property owner may reclaim their property within a year by paying the back property taxes plus a 20% profit to the investor.
Let’s discuss the ins and outs of investing in tax deed sales in Georgia and why it’s such a great investment opportunity, and we’ll also explain where you can find a tax lien properties for sale list in Georgia.
Buying a Redeemable Deed in Georgia
When property taxes are not paid, the county will ultimately seize the property and sell it at auction.
In most tax deed states, the winning bidder will receive a deed to the property. However, in Georgia, the county will instead sell a redeemable tax deed.
A redeemable deed gives the property owner the opportunity to reclaim their property. If the property is not redeemed within the one-year redemption period, the investor can foreclose on the property and take ownership.
The Benefits of Investing in Georgia Tax Sale Properties
The biggest benefit of investing in Georgia tax deed sales is the potential for a high return on investment.
If a property is redeemed within a year, the investor can make a 20% ROI (return on investment). If it’s redeemed in the second year, the investor can make a 30% ROI. The year after that, it goes up to 40%, then the year after that, 50%.
Additionally, with 159 counties in Georgia, there are multiple auctions every month, providing a wide range of investment opportunities.
Getting a Tax Sale Properties List in Georgia
It’s easy to find a tax delinquent properties for sale list in Georgia.
- You can go directly to the county and ask for a list.
- Go to the county’s website and download the list.
- Check the local newspaper where tax delinquent properties lists are published.
Or you could acquire tax sale lists the quick and convenient way that Ted’s clients do it and use Ted’s Interactive Map, an auction calendar that shows you all the auctions taking place in the entire United States, including where, when and what properties are for sale.
Why Invest at Georgia Property Auctions?
Investing in Georgia tax deed sales is an excellent opportunity. The potential for a high return on investment is there, since you could end up with the property.
However, if the property is redeemed, you’ll be paid a high rate of return.
Just remember that it’s important to be aware of the laws and regulations surrounding tax deed sales in Georgia.
We hope you enjoyed, “Finding a Tax Delinquent Properties for Sale List in Georgia.”
Overall, investing in tax deed sales in Georgia can be a unique and profitable opportunity for those who are willing to do their research. With 159 counties and multiple auctions every month, there are many opportunities to invest and potentially make a significant profit.
Finding a tax delinquent properties for sale list in Georgia is simple. Just go to the county’s website or check the local newspaper where the auction information and tax sale property list would be published.
If you want to learn more about tax liens and deeds, view more of Ted’s free videos.
Ted is the authority on the subject of tax lien and tax deed investing and has been teaching students how to buy and sell bargain real estate for over 25 years.
If you want to have a free auction list of tax defaulted properties that are currently for sale, go to TedThomas.com/freegift. See the great deals for yourself.
Read the Transcript:
Finding a Tax Delinquent Properties List in Georgia
Randy: Thanks for joining us today. I’m with Ted Thomas again, who is America’s tax lien and tax deed authority. Hey, Ted, let’s talk a little bit about Georgia today and how to find a tax delinquent properties for sale list in Georgia. I don’t know if you heard this little nugget, Ted, but the first gold rush actually happened in Georgia. Did you know that?
Ted: Is Georgia part of California? I thought it happened in California?
Randy: Well, it did, but apparently, the first one was in Georgia. I thought that was a little fun fact, considering the gold rush potential of investing in Georgia,
Ted: There is a gold rush there. I always thought Georgia was for peaches, but there’s gold there too.
Randy: Apparently, it’s also for tax deed sales, Ted. I know you know a little something, so can you tell us about investing in tax deed sales in Georgia and is it different from other states
Ted: Georgia’s really a good place to do tax deeds, but you know, they don’t have regular tax deeds there. They’re kind of unusual. They have what they call redeemable tax deeds. You ever heard of those?
Randy: I’ve heard of tax deeds and redeemable tax deeds. Tell us a little bit about those. What’s the difference?
Ted: Normally what you do when you go to an auction is they sell a property and they give you a deed. The deed now is now conveyed to you. In other words, they transfer it from the county to you.
Ted (cont’d): When they have a redeemable deed, that simply means, first of all, that the property owner did not pay the taxes, so they have defaulted, all right? They defaulted, so now the county goes in and supposedly confiscates the property.
Ted (cont’d): But they sell it at auction, and they sell a redeemable deed. That means the property owner can come back in the State of Georgia for one year. Any time during that year in the 365 days since it sold at auction, they can come back and redeem the property.
Ted (cont’d): In other words, they can say, “Wait a minute, wait a minute, I don’t want to lose my property. Here’s the money you invested plus a 20% profit,” they have to pay you.
Randy: Ah, that’s nice.
Ted: So it’s a redeemable deed state, that’s what it is.
Randy: Well, let me ask you this. We’re talking about tax deeds. While we’re here, do they also sell certificates for tax lien properties in Georgia?
Ted: No, states either do one or the other in most cases. They either sell the property or they sell a piece of paper like this. So, in Georgia, you have a right of redemption for one year, but that doesn’t end.
Ted (cont’d): It can be redeemed in Georgia in the first year. If they don’t redeem it, it will go in the second year, and in the second year, you make 30%. The year after that, 40%, and the year after that, you can make 50%.
Ted (cont’d): Georgia’s a really exciting state to buy tax defaulted property because they have redeemable deeds. When you buy the redeemable deed, the property owner has one year to pay you. If they don’t, you can just foreclose and take the property. That sounds pretty good, doesn’t it?
Randy: That sounds incredible.
Ted: Look at a map of all the counties in Georgia.
Randy: Wow, how many counties are there, Ted?
Ted: 159 counties. That means there are 159 auctions each with a tax delinquent properties for sale list in Georgia every month.
Randy: I’ve got a question I want to ask you that actually comes from one of your YouTube viewers, Ted. When you’re investing in Georgia tax sale properties, do we have to owe any money for preexisting HOA dues, homeowners association dues?
Ted: Well, you probably want to be careful with homeowners stuff because the laws are different in different states, but in Georgia, you don’t have to worry about paying other bills, HOAs and things like that. In some states, it might have a law that says the HOAs have to be paid.
Ted (cont’d): What a homeowners association really is, is another level of government. The first level of government is the county. Then you can have townships, and you could have a homeowners association. They have to give the homeowners power because they’re allowed to say that you have to maintain your property.
Ted (cont’d): You have to take care of things, so the whole place doesn’t go down and have problems because one property owner doesn’t do a good job. HOAs can have a lot of power. But in most cases that I know of in Georgia, you don’t have to worry about that.
Randy: So, 159 counties right there in Georgia. They’re doing one every month. Can you tell us, is it easy to find a tax delinquent properties for sale list in Georgia for anybody who might want to invest there?
Ted: Well, you could do two different things to get a tax delinquent properties for sale list in Georgia. You could go directly to the county, say you want to have a list, and they’ll provide you with a tax delinquent properties for sale list in Georgia for any particular county. Or you could do it the really easy way our clients do it.
Ted (cont’d): I have what I call an auction calendar, and it’s an interactive map. It shows all the states in the United States and how many auctions are taking place in all of those.
Ted (cont’d): The easiest way, if you want to do it, is just call your local county and find out. But, if you want to find out about auctions in a lot of different counties, like in Georgia, where you can see there are 159 different counties, you could pick any county you want and get a tax delinquent properties for sale list in Georgia or any state in the USA.
Ted (cont’d): You could go up here to the north, down here in the south, you can go in the middle, anywhere you want. You could then look at the auction calendar, and all of the auctions in Georgia take place the first Tuesday of the month. They happen every single month in Georgia.
Randy: I tell you, that sounds pretty neat, and you’ve made it easy. Let me ask you, Ted. If somebody wants to attend a Georgia property auction and save themselves all that research time, how do they subscribe to your Magic Map?
Ted: Well, that’s what they should do. That’s the easiest thing to do. Just subscribe to that. Here’s the beauty of Georgia. The worst that you could do if you went and bought a tax deed in Georgia, the worst case is that the people come in and pay you.
Ted (cont’d): Let’s say you bought one today, and the next day the guy comes in and pays his tax. In one day, you would make a 20% profit. The minimum you can make in Georgia is 20% in one day or 365 days.
Ted (cont’d): In the second year, the minimum you can make is 30%. In the third year, it’s 40%, and in the fourth year, it’s 50%. That’s the way it works in Georgia.
Randy: That is the potential for a real gold rush there, Ted, no doubt about it. Hey, if somebody wants to learn more about how to do this, the ins and outs of tax deed investing, do you have a tax deed investing course? What would you recommend they do next?
Ted: Sure, there’s the easiest way. Just go to tedthomas.com. You can get yourself invited to an all-day workshop if you want or go to a three-day workshop if you want. You can just buy course materials. There are a ton of things to do. Just go to tedthomas.com, and also be sure to get your Free Gift today.
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.