REAL ESTATE INVESTORS, IF YOU COULD BUY SINGLE FAMILY HOMES WITH NO MORTGAGE... TED THOMAS
REAL ESTATE INVESTORS, IF YOU COULD BUY
SINGLE FAMILY HOMES WITH NO MORTGAGE
FOR 20 CENTS ON THE DOLLAR,
HOW MANY WOULD YOU BUY?
By Ted Thomas
H
ere’s the secrets of a little known but highly lucrative business of purchasing tax defaulted
properties at auction for 1020 cents on the dollar
States is owned by the federal government.
The government allows you the right to own
the property as long as you pay taxes on it.
Many years ago, the U.S. Congress enacted
laws that allowed individual states to handle
governmental duties and obligations at the
local level. The states further designated
counties to handle the property taxation part of
those duties and obligations. When you pay
property taxes to
For many, the question is, what’s the difference the treasurer or
between a tax lien certificate and a tax defaulted assessor's office,
property (tax deed)? Before you begin investing, it is those funds are
vital that you understand how a tax deed works, once used to pay for
you know you can purchase taxdefaulted real estate for public
pennies on the dollar but it's only profitable if you know police
what you are getting when you bid. departments, and
schools,
and
fire
any number of other civic services. The local
What is Tax Defaulted Property (Tax Deeds)? government that manages and operates these
In a very basic sense, every piece of land in the United services is primarily funded by property taxes.