If you need to learn how to purchase investment property the best way, look no more than tax foreclosures. Tax property is large to invest in for several purposes: the modern economy is creating lots of it.
By the time a tax property has gone it all the way to auction, it's usually free of debts and liens; and best of all, you can get them for a small fraction of their worth (under a thousand dollars) much of the time, if you know the right way to go about purchasing them.
By the right way, we're not speaking about visiting the tax sale with everybody else, his brother, and his brother's massive tax sale investing company. You may also know about Real Estate Tax Strategy Experts via RealFile CPA to know more regarding the same.
This is a surefire way to lose your time and decide that tax sale investing's not all its cracked up to be.
Why after the tax sale? Three reasons.
One, you can see the issues of the tax sale and see which investments got bid on a lot. That will provide you a sign as to which properties are worth your time, and you let the big tax sale companies do the work for you.
Two, less competition: almost no investors are personal to the fact that you can still legally purchase the property even after it's been "sold" at a tax auction.
Three, by the time their property has been "sold" at tax sale, most owners are ready to let the property go if they can't pay the taxes.You can frequently pick up deeds for as little as a few hundred bucks from owners that have let the property go in their minds.You may navigate here to know more about how you can invest in real estate with minimum taxes.
If you're a new investor, you may want to see another perspective of tax sale investing as well: getting the overages, or the excess funds generated when and investor requests more for a property at tax sale than the tax delinquent owner owes in taxes.