Are you ready to uncover the world of tax sales? 

Get ready because I'm about to reveal the secrets of these auctions straight from an industry insider who's been in the game for years. 

By the end of this guide, you'll know exactly how to navigate tax sales like a pro – and I'll even reveal a secret opportunity that took me 15 years to figure out!

Trust me, you will want to stick around for this one.

What Happens At A Tax Sale?

Let's start with the basics. 

Tax sales are where properties are sold to the highest bidder, either in-person at courthouses or online. 

And let me tell you, there are some incredible deals to be had. 

I once snagged a livable property for just $4,000. 

Yes, you read that right – four thousand dollars for a whole house. 

Even in its less-than-perfect neighborhood, it was worth at least 15 times that amount the day I bought it.

But here's the thing: these sales aren't for the unprepared. 

You can't just waltz in and start bidding. 

Most sales now require pre-registration, often weeks in advance. 

I've seen too many people do all the prep work only to be locked out on auction day because they forgot this crucial step. 

Don't let that be you.

When you do make it to the auction, be prepared for a whirlwind. These sales move fast. 

Properties are announced rapid-fire, often only by parcel number. 

I advise printing your list beforehand and checking off properties as they're called. 

I like to write down my maximum bid for each property I'm interested in. 

This brings me to my next point – don't get caught up in bidder fever.

It's easy to get excited and keep bidding higher and higher. 

But remember, the goal here isn't just to get a property—it's to get a good deal on one. 

Set your maximum bid and stick to it. If someone outbids you, let it go. 

There will always be another opportunity.

Now, let's talk about the secret weapon of successful bidders: due diligence. This is where the real work happens. 

Start by using Google Street View to eliminate properties you're not interested in. 

Drive by the remaining properties as you get closer to the auction date. 

Look for signs of structural issues like uneven rooflines or crooked window frames. 

If you're feeling bold, knock on the door and chat with the occupants or neighbors. 

You'd be surprised how much valuable information you can gather this way.

One thing to keep in mind is that the sale list changes dramatically in the week leading up to the auction. 

You might begin with 500 properties, but by auction day, you'll probably only be interested in 20 to 30. 

Why? Because people rush to pay their taxes at the last minute or file for bankruptcy to delay the sale. 

Keep checking the updated list daily and focus your efforts on properties still scheduled for sale.

Lastly, there's something crucial you need to know: IRS liens. 

These bad boys survive for 120 days after a tax sale. What does that mean for you? 

Well, if you buy a property with an IRS lien, you can't do anything with it for 120 days. 

The IRS could swoop in, reimburse you for your bid, and take the property. It rarely happens, but it's a risk you need to be aware of.

Now, here's the secret sauce I promised – tax sale overages. 

When a property sells for more than the owed taxes, the former owner or creditors can claim the excess. 

This is where you can potentially make more money than the property buyers themselves without dealing with repairs, zoning issues, or any of the headaches that come with owning real estate.

It's a clean, feel-good business where you help people recover money they didn't even know they had. 

And the best part is you don't have to put up any cash or take on any property-related risks. 

I've made more money from overages than many buyers make from the properties they purchase at these sales.

What Happens At A Tax Sale

Tax sales can be an incredibly lucrative venture, but they require knowledge and preparation. 

Start by attending a sale as an observer to get a feel for the process. 

Educate yourself on the risks involved – like potential bankruptcy filings that can tie up your money.

Remember, success in this business comes from putting in the work. 

Whether you're interested in bidding on properties or exploring the overages niche, there's potential for significant profits if you approach it the right way.

If you want to learn more about the overage business, I've got a free online course that breaks it all down. 

It's a unique opportunity to potentially make more money than everyone else at the tax sale without putting up any cash or dealing with property headaches.

Tax sales are an exciting world of opportunity for those willing to learn and take action. 

Are you ready to join the ranks of savvy investors who are making a killing in this niche market? 

The choice is yours.

Don't miss out on the chance to learn about a unique opportunity that could change your financial future.

The opportunity is out there – it's up to you to seize it!

Join My Free Class

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