Learning To Play The Real Estate Auction Games!

Real estate is not the sure thing it once was. But investors today are beating the recession by taking advantage of one of the most exciting real estate investments there are--real estate tax liens. Investors are getting cash returns of 10, 20, and 30 percent annually--or gaining actual clear title to property for as little as a few hundred dollars! You will learn to master the art of getting big profits in real etate tax liens, and see how with just a few thousand dollars, you can start down your own road to wealth. All the details, along with my own wealth-building philosophy, is now available in my book, Learning to Play the Real Estate Tax Auction Game, now available on Amazon.com or by following the links in the right column of this page.

Going to the auction
I attended the St. Joseph County, Indiana tax lien auction last month and came away with a few new properties. I’ll have to wait the year’s redemption period of course, but it looks good for getting title.In a typical SSL installation, the server maintains credentials so that clients can authenticate the server. Read more >>

How much you can earn with tax liens?
Much of my discussion here has been about acquiring the actual title to homes through county tax auctions, and there’s certainly no greater thrill than bidding a couple thousand dollars for a lien and then acquiring a property worth thirty or forty thousand. Read more >>

More county real estate tax auction strategies
I discussed several effective strategies in my book, “Learning to play the real estate tax auction game” (now available on Amazon.com). One thing to remember is that on the day of the auction, in the heat of the battle, you may not remember all the details of every property you drove by. If you’re following my strategies from my book, you probably drove by a hundred or more houses, and after a while, they all just blend together. Read more >>

County real estate tax auction strategies
I’ve seen beginning bidders go to the county tax auction with one or two specific properties in mind for bidding. In most cases, they’ve driven by the house, maybe peeked inside, and have decided that it would make a good place to fix up to live in or rent out. Read more >>

Bank-owned homes at the tax auction strategies
Most of the homes on the county tax auction list don’t have an underlying mortgage. That’s because banks usually take care of the taxes when a home is in its real estate owned (REO) portfolio. That’s just part of the cost of upkeep that is the bank’s burden after they foreclose. Read more >>

Can you "flip" your tax auction homes ?
The concept of “flipping” real estate has long been held out as an attractive way to make a quick profit. The idea of course, is to buy a house cheap, do minimal cosmetic renovations, and then sell it for a profit in a short period of time. And for a time, it really worked, but today’s market requires us to take a more long-term approach in most cases. Read more >>

Once you get the title, what then?
Waiting out the redemption period is hard. Nobody likes to wait–I certainly don’t. But after you wait the 12 months, or whatever it is in your county, you file the papers, get the judge to sign the order, and then get the county auditor to give you a tax deed, then the property is all yours, free and clear. Then what do you do? Read more >>

Do you need a lawyer to handle your tax sale paperwork?
In my book, “Learning to play the real estate tax auction game” (available now on Amazon) I answer this very question. Now all you lawyers out there may take me to task for my answer, but in fact, you don’t always need a lawyer for everything. The process is lengthy, but most of it is just sitting around waiting. Read more >>

Can you really get title to a home at the tax auction?
That’s the million dollar question on everybody’s mind, and there’s a lot of conflicting information out there. Some “gurus” out there will tell you that it’s nearly impossible, and that almost all the homes get redeemed by the original owner before the redemption period ends. Let’s put the debate to an end and answer this question once and for all. Read more >>

Common county tax auction errors
We’re getting ready for the upcoming real estate tax auction here in St. Joseph County, Indiana, and it occurred to me to make mention of some of the more common errors that beginning tax auction investors make. As I outlined in my book, “Learning to play the real estate tax auction game” (available at Amazon.com) the most common error is misunderstanding the nature of the game. When you go to the tax auction, you’re not buying a piece of real estate, you’re buying a lien on a piece of real estate. Now the rules differ from state to state, but here, you need to wait for a year before you can actually exercise that lien and gain title to the property.Read more >>