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We use so many services that are provided by our various counties
that we tend to take them for granted. For instance, our firefighters,
our police departments, some hospitals, and our school districts are
all services that would strongly affect us if they were to suddenly
loose funding. So, where do they get their funding? I’m glad you
asked. They get it from “property taxes”. But you have to
understand this part. This is where you and I as entrepreneurs can
When we look at the
make money…
investment opportunities
in the marketplace, we Our government is smart. They know that the average person has
see the same old patterns. an aversion to paying their taxes. That’s why the various state and
“The greater the risk, the local governments have enacted laws that provide for very heavy
greater the reward”. To penalties when a person does not pay their property taxes. Then,
see where this is played the government will allow us to pay up the owner’s back property
out, look at the stock taxes and whatever other fees that have accumulated, and
market. While fortunes essentially step into the government’s lien position (this is BIG)!
have been made in the Now, the delinquent property tax payer has to pay you instead of
stock market, fortunes the government. And they’ll pay you big! I’ll explain.
have also been lost in the
stock market. Well, if When you invest
you’re anything like me, in tax sale
you’re going to want to instruments, be
invest where you can gain aware that there
an edge over your are certain states
competition. You’ll want to that are tax
earn higher interest than certificate states,
you can get from and other states
anywhere else, and you’ll that are tax deed
want to have your states. A tax certificate state essentially sells to an investor the right
investment guaranteed by to collect interest on unpaid property taxes. The state law sets the
the strength of our amount of interest that the investor can collect. On the other hand, a
government. Well, hold on tax deed state will let the interest and penalties pile up against the
to your hats! Such an rare delinquent tax payer. If the delinquent amount is not paid within a
animal actually does exist. certain period of time (this is the Redemption period. We’ll talk
It’s investing tax sale about the Redemption period in a few minutes) the property will be
instruments. I’ll explain. sold at public auction.
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The Perfect Investment..One
Of Real Estates' Best Kept Secrets
TAX SALE PROPERTIES