$4,000 for a $60,000 house. It's the kind of deal you can score at property tax sales if you know what you're doing.
While most investors are busy fighting over retail properties, a select few are quietly building fortunes through these little-known auctions.
But here's the thing: most people don't even know these sales exist.
How Does A Property Tax Sale Work?
They're happening right under our noses, in every county across America.
And they're a goldmine for savvy investors who understand how they work.
Today, we're pulling back the curtain on property tax sales.
By the time you finish reading this, you'll know exactly how to tap into this hidden well of real estate riches.
So grab a coffee, settle in, and get ready to discover your next big investment opportunity.
Property tax sales happen when homeowners fall behind on their property taxes.
The local government then auctions off these properties to recoup the lost revenue.
Here's where it gets exciting: bidding often starts at just the amount of taxes owed.
We're talking about potentially buying a $100,000 house for $5,000 or less.
Sounds too good to be true, right? Well, it's not – but there's a lot you need to know.
First things first, let's talk about preparation.
This is where the magic happens.
About 45 days before a tax sale, you'll get a list of properties up for auction.
Now, don't get too excited just yet.

A lot can change in those 45 days.
Many property owners will scramble to pay their taxes or file for bankruptcy at the last minute.
So, that list of 1,000 properties? It might shrink to 300 or less by auction day.
Your first step is to do some quick research.
Fire up Google Maps and take a virtual tour of the neighborhoods.
You'd be surprised by how much you can learn from Street View.
Cross off any properties in areas you're not interested in.
This initial screening will save you a ton of time later.
As you get closer to the auction date, it's time to get boots on the ground.
Drive by the properties you're interested in. Look for signs of major issues like foundation damage, fire damage, or water damage.
Remember, these properties are sold as-is.
There are no inspections, no warranties, and definitely no guarantees.
You need to assume the worst and be pleasantly surprised if it's better than expected.
Now, here's a pro tip: properties at tax sales often haven't been maintained for years.
The owners couldn't afford to pay taxes, so they probably couldn't afford repairs either.
The leaky roof has probably been leaking for a while, and that small foundation crack might not be so small anymore.
Factor these potential repair costs into your budget.
But don't let this scare you off.
The potential rewards are enormous.
I once bought a property for $4,000 that was worth over $60,000.
These kinds of deals are out there if you know what you're doing.
Before you start bidding, there are a few more things you need to know.
Most auctions require pre-registration, usually 1-2 weeks in advance.
Read the conditions of sale carefully.
Some auctions might require a small deposit to get a bidder number.
And if you've never been to a tax sale before, attend one as an observer first.
Get a feel for the process before you put your money on the line.
Now, you might be wondering why I'm sharing all this information. Why not keep it to myself?
Well, here's the truth: there are thousands of tax sales happening across the country every week.
There's more than enough opportunity to go around.
And honestly, I love seeing people succeed in this business.
Property tax sales aren't a get-rich-quick scheme.
They're a real business that requires knowledge, preparation, and a bit of courage.
But if you're willing to put in the work, the rewards can be life-changing.
So, are you ready to dive into property tax sales?
Start by researching upcoming sales in your area.
Do your homework, prepare thoroughly, and who knows? Your next property could be just an auction away.
But most importantly, keep learning.
The more you know, the better your chances of success.
Happy bidding!