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There is a great deal to learn about buying and selling tax deeds and tax lien certificates. But the beauty of this business is that you can learn as you earn. There are two ways to obtain tax defaulted properties.

1. Learn all you can about the area in which you want to invest. Do it on your own and research articles on the subject. Visit courthouses, talk by phone and by email to the taxing authorities. Buy or obtain free lists of delinquent properties from the Assessor, Treasurer or whoever handles the lists in that particular county or state. This can be a long drawn out process, but that is how I had to begin. Once you have the lists, submit your bids to them using the proper procedures.

2. Or, you can sign up with a program that already has everything available to you and you can begin your buys and sells immediately.

The one thing I would like to bring to your attention is that using the internet you can buy and sell tax liens or tax deeds in any state in the U.S. You are not limited to your own locality. And, really, you can make a fortune very easily buying and selling tax defaulted properties.

Let me suggest the Ultimate Guide for Buying Tax Delinquent Land and Homes -- Land for Pennies eBook

What is a Tax Deed?

Answer: A tax deed used to convey title to property sold by the government because of non-payment of ad valorem property taxes.

Almost every state in the U.S. sells delinquent tax properties by Tax Deed. These properties are often sold at incredible savings to the purchaser. If a property owner fails to pay his property taxes, the taxing authority will offer the property up for sale at an auction or through a negotiation process. These properties are offered to the public.

The taxing authority may be the state, the county, a city or a municipality. The owner of the property will receive a number of warnings that unless the back taxes, penalties and interest are paid by a certain time, the property will be sold.

Tax deed investors purchase the actual property. They are not looking for a return in the form of an interest rate. They may be able to obtain the property just for back taxes, interest and penalties.

Tax liens are another method of purchasing tax defaulted property. Tax lien investors are interested in interest rate returns. But they can also obtain property if the owner does not redeem within a stated period of time.

We will look into both options.

Marion

Get Your Ducks in a Row

Before you begin your negotiations and purchases of tax liens and tax deeds, I would suggest that you educate yourself to the process. If you have the financial ability to buy some information, you will be way ahead of the game. When I started, I had no money. Consequently, I had to spend countless hours -- night and day at the computer -- searching the internet for any small piece of information that might be available. Frankly, there was hardly anything on the internet at that time relating to the subject.

Today there is a tremendous number of books, websites, articles and products to ease you into it quickly and painlessly. Every imaginable contingency is covered to get you organized, educated and you can even get property lists without having to visit courthouses all over the U.S. What a blessing it would have been for me if I could have had such advantage.

There is a distinct difference between a tax lien certificate and a tax deed. You will learn which states do tax deeds and which states sell tax liens.

To get an overall picture of what is necessary and what is available, run over to The Informed Investor right now.

I'll be back later ...

Marion