Property purchase for back taxes: get them for as little as $100

Dying for a new way to invest in real estate? Hands down, buying property for back taxes is the right investment. But there is a right way and a wrong way to buy it. Here’s how you can start buying property for back taxes, without going to the auction.

The other bidders in the tax sale make it very difficult to win decent deals. Also, tax sale property is sold as-is, and you cannot inspect it first. This has become the wrong way to invest in property. In fact, buying property for back taxes alone has become nearly impossible: You’ll always pay close to retail value. The simplest and cheapest way to buy is outside the sale… after It is over.

Owners themselves are the easiest way to get tax property. Knowing when to contact them is key. At the beginning of the redemption period, they may not be ready to sell. They are probably still trying to figure out a way to deal with the back taxes and keep the house. But if they haven’t redeemed for, say, 9 months, they probably can’t. The owner is now under tremendous pressure to get rid of the property.

This is where you come in (and where buying property for delinquent taxes is a piece of cake). Make a deal to buy the deed for $150. Agree to split a percentage of the sale of the property with the owner, once he is able to sell it. This is a very profitable deal for both of you and a relief for the owner. The positive reaction to this method will surprise you.

Before the redemption window closes, pay the back tax debt. You can also get rid of the property right away if you want – a real estate agent can help you price the property so it sells immediately, even to another investor. Do you want your earnings now? This is the way to go: let the new owner deal with the tax issue.

If you want to start buying properties for back taxes, even if you don’t have a lot of money to start with, this is the way to go. And now is the time to get involved, before foreclosure rates drop again.

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