Questions About Tax Lien and Tax Deed Investing
Shown below are categories for our tax lien and tax deed investing questions.
Are there any differences between buying at a public auction versus buying from an "Transfer Of Ownership"?
Answer
Though the actual certificate is the same, buying at auctions and getting a good deal can be difficult. Listed below are the reasons why:
- You might get outbid after spending so much time on research.
- Many parcels listed in the tax sale list never get auctioned off.
- Because all of Florida's county's have their auction in the beginning of June many auctions are held simultaneously.
- You will also have to wait a full two years before you can begin the foreclosure process.
- If the tax lien certificate was bid down to ¼ % and the certificate gets redeemed in the first year, you make a small profit.
When you buy through an assignment:
- Certificates may already be earning 18%.
- You are able to calmly buy in an unhurried and pressure-free atmosphere versus that of an auction.
- In almost all cases comprehensive research yield results, because nearly all certificates listed are sold.
- If your certificate is two years old, the foreclosure process can begin immediately.
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Over the past years as we have fielded thousands of tax lien and deed calls and emails from students around the world, we have noticed a few things. The first thing we have noticed is that we were pretty much asked the same questions by all students. In order to better serve our students we decided to post the most frequently asked questions on the website. This saves the students time and effort by bringing the questions right to noriskinvestor.com rather than forcing them to call in to get answers to their questions. The students can get answers to many questions including the following:
- Does the tax certificate expire?
- How can I find out about public tax lien auctions?
- How can I make money in tax lien investing?
- How do I acquire a tax lien certificate?
- Which county sells the most tax liens?
- Will I get my money back if the property is redeemed?
- How much money do I need to have to get started?
- What is a Tax Sale?
- Will the foreclosed property go to auction through a tax deed sales sale or do I get to own it?
- If this is such an incredible and safe investment why aren't more people doing it?
- Are there any differences between buying at a public auction versus buying from an "Transfer Of Ownership"?
- Do I need a lawyer to proceed with a foreclosure?
- How do I collect my interest payments?
- Is there any risk involved?
- What happens if the property owner doesn't pay back the taxes during the allotted time?
