Income Opportunities with Tax Deeds

By dhinternational  /  April 3, 2012 / Comments Off on Income Opportunities with Tax Deeds

Income Opportunities with Tax DeedsMaking money in buying tax deeds is possible. If you’re able to get a real estate property at a tax deed auction on a low price, and the previous owner doesn’t redeem it with the redemption period, you would then be able to sell that property for huge profits. However, there is another technique that you can utilize to get that edge among other competitors.

Tax sales are fun to do but there is also too much competition going on. Chances are if you indeed get a deed, the owner most likely pays it off during the redemption period because they would want to keep their home again. A nice way to make money in buying a tax deed is to purchase the delinquent deed directly from its owner. Examples of these are absentee owners and heirs. It is because they fall into the desperate seller category wherein some of these people don’t know that their real estate went to tax sale.

You can grab a lot of these tax deeds just for a tiny fraction of their worth. There are even some who would sign their deeds for a few hundred dollars which makes it a great investment in the future. They do this in order to keep it from going to the tax sales company that purchased the deed. Nowadays, especially with the foreclosure rate on high, tax deed sales are a huge opportunity for you to get a nice income.

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