Purchasing Tax Lien Properties in Texas
I’m Ted Thomas, and today I’m going to answer your question about tax lien properties in Texas, and we’ll talk a little bit about some steps to make money.
The question I’m answering is, “How do you buy tax lien properties in Texas?”
First let’s ask, “Can you buy tax liens in Texas?” Does Texas sell property tax liens? Well folks, you don’t buy any tax liens in Texas. In Texas, they sell redeemable tax deeds. So, what the heck is that?
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Tax Lien Properties in Texas:
Tax Liens and Tax Deeds
We learned about a tax lien simply as the county issues a piece of paper when someone doesn’t pay their property tax. That’s a tax lien.
A tax deed means that the local government is going to foreclose on that property if the property tax isn’t paid. They’re going to seize the property and resell it at auction.
Tax Lien Properties in Texas:
What Is a Redeemable Tax Deed?
Now, Texas takes it another step. They sell a tax deed, but it’s redeemable. That means the property owner can come back and pay you whatever you paid plus 25% and get their property back.
Texas is a very popular state. Why? Because you can make 25% on your money in a 180-day period. 25% in 180 days is a nice chunk of money.
Even if they come in and pay in 10 days, you still get 25%, or if they come in on day 179, it’s 25%. However, in 181 days, you own the property.
Tax Lien Properties in Texas:
Texas Auctions
Is it unusual? No. There are going to be 250 auctions in Texas every month. At least that’s how many are authorized.
Texas has 254 counties, and they’re all authorized to have an auction. They will sell thousands of tax sale properties this year in the state of Texas.
On the first Tuesday of the month, you could go to Texas and buy yourself a deed that would make you a lot of money because it’s redeemable.
97% to 98% of all the people will come in and pay their property taxes.
Tax Lien Properties in Texas:
Redeemable Deeds for All Budgets
Anybody can buy one of these. They’re going to have some for $1,000 or $2,000 and some that are going to cost $50,000 or $100,000 dollars.
It doesn’t matter where you are in the spectrum, if you want to make money, this is the perfect business for you.
Just take 3 or 4 weeks to learn it. Become an expert in a year. You can buy properties your 1st year and make $25,000, $50,000 or $100,000. These sound like big numbers but they’re true numbers.
Tax Lien Properties in Texas:
Getting Started
If you’re just getting started, begin at $3,000 or $4,000. Buy whatever you can buy, and watch it either get redeemed or get paid. You can always go back to another auction.
Texas is a good place to do this. I’ve had people going to auction in Harris County, that’s Houston. They buy a redeemable deed, and the next day they make 25%. Where are you going to do that?
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Tax Lien Properties in Texas:
Investing in Redeemable Deeds Online
The beauty of this business is that you can do it all online if you want.
Even if you don’t do it online, you’re not going to do business directly with property owners. You do business with the local county. These are sold at the county level.
You’re doing business with the government, and you’re not going to have to talk to property owners.
You can buy redeemable deeds online, find the tax delinquent properties for sale lists online, and do research online.
Tax Lien Properties in Texas:
You Can Do This
Tax deed and tax lien investing is a business that everybody wants to do, but it’s going to take a little study.
Now, do you have to study for 6 weeks? No. In 3 or 4 weeks, you could learn this business. If you want to become an expert, you can easily become an expert in 1 year.
I’ve been doing this for about 30 years. I got myself to the expert in authority status by doing it, doing it, doing it.
I started as an investor, just like you want to do, then I became a teacher. I still do it. I’m still an investor, so I’m a practitioner.
Tax Lien Properties in Texas:
Conclusion
Though you can’t purchase tax lien properties in Texas, you can buy redeemable deeds and earn amazing profits.
How would like to make a 25% return on your real estate investment in 6 months or less, and if not, then acquire ownership of the property? That’s exactly what you can do in Texas where the profits are as big as the state!
If you’d like to know more, Ted provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
You can learn how to reap the huge rewards from tax lien and tax defaulted property investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!
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