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Amy J Yoshimitsu
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3 of 7 Fast Cash Real Estate Strategies: Tax? Sales Part 1
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Tax Lien / Tax Deeds
Investing Tax Lien and Tax Deed investing is also called property tax lending or Tax Sales. It exists to generate the lost revenue from unpaid property taxes. This has become a very big business since it started during the 1990s in Texas.
As a real estate investment professional, make money by getting a great interest rate and lower cost for a house you may purchase. This form of investing, tax lien and deed investments are immune to the fluctuations in the financial markets due to regulations from states rather than the federal government.
They generate a higher-interest rate when compared to some other investments. You, the investor can participate with relatively limited capital. Liens can be purchased for as low as just a few hundred dollars. I
nvestors willing to pay off the homeowner’s debt can generate great return. You will profit by earning interest and potentially can acquire below-market properties.
What is a tax lien? A tax lien is a claim that the government makes on the property when taxes are late or unpaid. The tax lien certificate is a claim a purchaser has on the interest and fees made from overdue taxes. These property tax liens are offered for us, the public to purchase as an investment in these two forms: ?
1. Tax Lien Certificate = a bid for a collection of interest. ?
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2. Tax deed =?a bid for ownership of a property.
Tax Lien Certificates Federal, state, and local governments can place tax liens on a property, but tax lien certificates are offered at the local level. That is, by cities, towns, and counties.
A Tax Lien Certificate is a actually a bid on the right to collect interest on the delinquent property taxes. These may range from 2% to 36%. It depends on the property’s location.
What does a Tax Lien Certificate do? It allows the purchaser to perform the duty of the taxing authority to collect full payment of the delinquent taxes. A tax lien is placed before a tax deed is sold. If the outstanding tax balance is resolved within the designated period set by the municipality, the investor is reimbursed their investment plus accrued interest and fees.
If the debt isn’t paid, the property can go to a tax deed auction.
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