Home » Real Estate » Buying

The Truth About Tax Sale

Jul 11, 2008
Most people begin their search on the internet to seek information about tax sales, hoping to acquire a bargain property at a tax sale. In this article I'll tell you about a different approach, which will allow you to get many more tax sale properties, for much less money, right now.

We're not going to be investing at tax lien auctions or tax deed auctions, because we will not get bargain properties often enough. We will be bidding against too many people or waiting too long to acquire properties, and may not even end up with any properties if we buy tax liens. Even though it is rare to acquire a bargain property at a tax sale auction, or from buying a tax sale lien, it does happen occasionally.

There is an infomercial playing now by John Beck on late night TV that shows spectacular student success stories. Students show how they acquired properties worth $50,000 - $200,000 for less than $2,000. I highly doubt these examples are made up; they're probably real!

What John Beck does not share with you is how many tax liens the student had to buy, and how long the student had to wait, in order to get the first property. Perhaps a student had beginner's luck and acquired a property for pennies on his first try. I highly doubt that the student will be able to continue his success acquiring bargain properties in the long term.

You see, an investor must typically buy dozens of tax liens, and wait a number of years, to acquire even one property. This also means tying up tens of thousands of dollars of investment for years. Most of the tax liens will pay off, and you'll be left with a relatively small return on your investment and no property.

So what approach will we take? We'll buy the properties directly from the owners, right before they are lost. Just go to your county and see when the next tax deed sale is coming up, and get a list. Then mail to all of the owners who are facing tax foreclosure, offering to buy their property. Or, if your state sells tax liens against properties, get the sales results from a previous sale and see who still has outstanding liens today. These are the owners at risk of losing their property. Mail to these owners in the same way.

Why not let the investors do all the research to buy the best liens, and let them wait for most of them to pay off. Then, when they're about to get a "John Beck Infomercial" bargain property, you'll go to the owner and buy the property right before the tax sale investor gets it! Or wait until your tax deed list comes out, and get some properties taken off the list by buying and redeeming them! You'll hear the tax sale investors curse under their breath "Maybe I'll be luckier next time!?!?!"
About the Author
Rick Dawson is a former tax sale investor, turned DeedGrabber! DeedGrabbers purchase tax sale property from the right before the tax sale investors get their property. You can get deeds to these properties for as little as $10. Learn how today with Rick's new Ebook, Go
Ahead, Be a DeedGrabber!
, available at his site DeedGrabber.com Or subscribe to his free 5-day email Mini-Course to learn more.
Rating:
Please Rate:
(Average: Not rated)
Views: 163
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Accounting
    • Credit
    • Currency Trading
    • Debt Consolidation
    • Insurance
    • Investing
    • Leasing
    • Loans
    • Mortgage
    • Mutual Funds
    • Personal Finance
    • Stock Market
    • Structured Settlements
    • Taxes
    • Wealth Building
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources