How to Find Tax Delinquent Houses and Buy Them for Under $1000

Not having much luck investing at the tax sale auction? No one will argue that tax sale isnt a great investment. But to get the kind of return on your investment you want, you have to buy it the right way. The best way to get tax property is after the auction - at this point, you can find tax delinquent houses and buy them for under $1000. These days, its often the case that the only tax delinquent houses you can get cheap at tax sale are bad ones - not worth your time. And even if you do get a nice property, the owners pay off 95% of the time. All in all, this is not the best way to find tax delinquent houses. The easiest way to get tax property is to buy it once the tax sale is over. How? By buying tax delinquent houses directly from the owners themselves. But youve got to know when to get ahold of them. If you approach them early on, they may avoid your call or letter altogether. But by waiting, those that cant pay by, say, 10 months in, wont be able to at all. Permanent loss is in the owners near future. Now, you enter the scene and purchase the property. Offer to purchase their deed for $100. Close the deal by offering to share a percentage of the future proceeds with him. Its a win-win situation. Youll pick up more tax delinquent houses this way than you could possibly have imagined. When prospecting, youll often run across a very exciting type of owner. Were talking about people who inherited a property they dont want to be responsible for. The owners dont even want the house - its easy to get their property. Simply ask if theyd mind letting you see what you can do with it. Throw $200 into the deal for their trouble. Its that easy to find tax delinquent houses, and often buy them for as little as a couple hundred dollars! Now, pay the taxes of before the end of the redemption period. Or, if you dont have the money, quickly flip the property. Find an buyer in a matter of days by selling the property for a rock-bottom price. Walk away from the deal with thousands in your pocket, and let the new buyer pay the taxes. Lots of seasoned pros use this method - because it works. Use this technique, and youll be able to find tax delinquent houses that are available to you for $200 or less - and theres really never been a better time to start investing. The inventory of these properties is just huge right now.