How to Buy Real Estate For the Taxes Without Bidding at a Tax Sale

If you're looking to buy real estate for the taxes, avoid the tax sale auction. There are too many other bidders, you can't inspect properties first, and owners often pay off the taxes anyway. Here's how to buy real estate for the taxes without bidding at a tax sale.

1. Buy directly from the owners - but only after the tax sale. If you want to buy real estate for the taxes and not much more, this is going to be the only way you can accomplish that. You will pay much more than the taxes at tax sale, so approaching the owners is the only shot you have at getting property for next to nothing.

2. See who still hasn't redeemed their property a few months before the end of the redemption period. If they haven't by then, they probably can't. This also has weeded out properties with mortgages, who have been bailed out by mortgage companies now.

3. Call the owners and see what's happening. Most will be happy to tell you - they're either trying to figure out what to do, or have just simply decided to let the property go.

4. If they want to sell, offer them $200 for their deed. Then you can work out a percentage they can get later, after you sell the property. This will likely be their best option, since other investors are long gone by now.

5. If they're letting the property go, ask them to sign over their deed. Tell them you want to see what you can do with it, if anything. Offer them $200 for their time.

6. Take care of the tax issue. If you can and want to, pay the taxes and keep the property or sell for retail. If you can't, simply flip it quickly to another investor for a steep discount and let him deal with the back taxes. In this scenario, you're actually buying the property for less than the taxes!

This is by far the best way to get properties for very little cash, and clearly offers the best return on your money. Whether you're new to tax investing or a seasoned investor, this technique will make you a ton of cash. With the huge foreclosure rate, it's an amazing time to start grabbing tax deeds - and there's a huge inventory out there for you to choose from right now.

The current foreclosure rate won't last forever - take advantage of it now.

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