tax lien, tax deeds?

Question

hello from Richmond Virginia

is this something realistic or in better words worth investment time?

Fuly Chie · Answer

what about approaching the actual owners of the homes that are late on their taxes. Can this be a good way to get deals?

Jeremy Tillotson · Answer

@Jeremiah Gray You may want to ask the local people what happens to the properties that are not sold at tax sale. It will require work, but usually there is a deal in them.

Jeremiah Gray · Answer

thanks Jeremy I appreciate it

Jeremiah Gray · Answer

cool ....  thanks for the reply

Bill S. · Answer

@Jeremiah Gray each state has a different process and some are very different. Some are very favorable for acquiring property some are a good value for ROI based on the interest rate but offer long redemption time.

Jeremiah Gray · Answer

Thank guys really good information

Ned Carey · Answer

Yes it can be a good place to start. It can be made to sound fantastic however it is not as easy as the pitches for tax lien books and courses would leave you to believe.

Va is a Tax Deed state. This means you have to come up with much more money because you are buying a property at auction, not just paying the taxes. Buying tax liens out of state can be done for smaller amounts of money, but I am not a big fan of starting out of state at anything.

David T. · Answer

Very complex investing, you really need to understand it. Can be very rewarding to a strong pre purchase diligence. Specialist area, whatever else anyone wants to tell you, so sharpen yer pencil and good luck!

tax lien, tax deeds?

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