A Great Investment No Matter How You Look At It

You, too, can buy delinquent tax certificates and make a fortune!  As the old saying goes, “There are two things we have to do in life, pay taxes and die.”  Well, there might be other things that we have to do in life individually, but these two things are unavoidable for all of us.  There comes times for some people, however, that they can’t pay their taxes.  You can bet that the government these taxes are owed to will make every effort to collect, but when those efforts are exhausted they will allow investors to buy delinquent tax certificates and pass the buck on to them.

When investors buy delinquent tax certificates, they have paid the government the money due and then become responsible for collecting on the delinquent taxes themselves.  Those who buy delinquent taxes then become debt collectors for all intents and purposes.  People who buy delinquent tax certificates must allow a period of time, regulated by the location they are in, to pass before they take ownership of the property that the lien is against.  There are legal requirements of notification and collection practices that must be followed to give the person who owes the taxes a chance to pay.  If you don’t want to be a bill collector, don’t buy delinquent tax certificates.

If you don’t mind sending out some collection letters, you might be just the person to buy delinquent tax certificates.  Delinquent taxes can be owed on a home for as little as a year before the government gives you the opportunity to buy delinquent tax certificates.  If the homeowner hasn’t been able to pay in a year or more, he may not be able to pay in the following year and you could become the owner of the home for as little as a few thousand dollars!  Therefore, you can buy delinquent tax certificates and then turn around in just a short year or two and sell the home and make an unbelievable profit.

But what if the homeowner does pay before you can foreclose?  Is it worth it to buy delinquent tax certificates then?  It may be.  Some states allow you to charge a fee of as much as 20% to collect the taxes.  Buy delinquent tax certificates for $2000 and you can make a $400 profit on each of your investments in under a year. 

Either way you look at it, when you buy delinquent tax certificates, you are bound to come out on top.
 

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