Buy Low, Sell Low Be Successful Selling Tax Deed Properties

Over 95% of property owners redeem their tax liencertificates before they lose the deeds. This is good news. It means you, as the investor, get paid between 16% and 36% interest. What about the other 5% of the tax liens? Well, that’s even better news.

If property taxes are not paid during the redemption period, you get the deed to the house. Let’s hope you were thinking things through before you bid at the tax auction. If you didn’t plan for what you would do if you got the property, you might be facing a dilemma.

What will you do? Sell it? Keep it?

If you decide to keep the property, you could rent it out and use the monthly income to increase your personal cash flow. If instead you’d rather not have to deal with the responsibility of owning and you’d prefer to sell, there are a couple of things you need to keep in mind.

First, what kind of cleanup and superficial repairs can you do to improve the value of the property? You’d be surprised at the difference mowing the lawn and pulling weeds can make. While you’re at it, pick up loose trash and sweep the driveway. All of these improvements might cost you a couple hundred dollars, but it’ll be worth it.

Chances are you, as most successful tax lien and tax deed investors, want to free your cash for future investment. If you want to move the property quickly, remember this: don’t be greedy. You bought low, right? Sell low!

If you were awarded the deed just for paying taxes owed, you probably got a really good deal; ten—or at most twenty—cents on the dollar. Let’s say you got the deed to a house valued at $100,000 for $15,000. Even if you sold it for $45,000 you’d have tripled your investment at 300%. Price the property to sell quickly and your money will be freed. You’ll be onto the next deal before you know it.

Please visit my website and watch the free videos. Take a few more minutes and listen to the testimonials from some of my students. You’ll hear what they did and how they applied the real estate investing strategies I taught them in my tax lien training.