How can you achieve up to 16% returns on your investment by purchasing a tax lien certificate in Maricopa County?
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with Tax Liens and Deeds.
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Maricopa County Tax Lien Information Links: Maricopa County Treasurer's Office: Maricopa County Property Assessor: Maricopa County: Auction Site:
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In this series, we're exploring how to earn up to a 16% return on tax lien certificates in Arizona! For a broader understanding, be sure to watch our "Introduction to Tax Lien Investing in Arizona", available in this playlist. - We cover multiple counties in this series, and today we will be looking at Maricopa County.
How can you achieve up to 16% return on your investment by purchasing a tax lien certificate in Maricopa County?
The county sells tax lien certificates as a way to recoup unpaid property taxes. When property owners fail to pay their taxes, the county's revenue, which funds essential services like schools, hospitals, and public transportation, is affected.
To offset this loss, the county places a lien on the property and then sells these lien as tax lien certificates to investors. By purchasing a tax lien certificate, an investor essentially pays the owed taxes to the county and, in return, receives the right to collect that amount plus interest from the property owner.
Why is investing in Maricopa County tax lien a great opportunity?
Firstly, you're assured a return on your investment when the property owner redeems the tax. Such a guarantee is rare in traditional banking or in fluctuating markets like stocks and cryptocurrencies.
Secondly, if the owner fails to pay, you have the chance to acquire the property by covering just the back taxes, free of any mortgage. In some instances, you could own a property for as little as 5 to10% of its market value.
This is a massive opportunity because there are 10s of thousands of lien certificates auctioned in the county every year presenting a range opportunities to make a huge return on your investment. Even in the 5% chance the tax lien is not redeemed, the next step, you’re going to get the property. Which can be a great upside on it’s own because Maricopa offers a diverse range of affordable homes, from new builds to properties with access to Phoenix' city amenities. The city is noted for its safety, top-rated schools, and a balanced living experience, blending community feel with economic opportunity.
Now, let's understand the tax lien bidding process. Maricopa County's tax lien auctions operate on a down-bid system. The bidding starts at 16% and can decrease by a point. The successful (lowest) bid will determine the rate of interest to be paid on the Tax Lien, representing the amount of taxes, interest, fees and charges then due.
It's crucial to align your bidding with your investment goals and exit strategy. If you are seeking a maximum cash return you need to aim for a higher interest rate.
To get started:
Visit the Maricopa County Treasurer's Website, Head straight to their official site Select ‘Liens and Research.’ This section is your key resource.
Review the Maricopa Tax Lean Sale Info.: Here, you'll find all the necessary details about the tax lean sale process.
Here are some essential details to keep in mind:
The Tax Lien Sale occurs annually in early February.
Access to the sale opens to the public 2-3 weeks prior.
There is only online event, and is conducted by Real Auction.
A Tax Sale Advertising List is available at least two weeks before the sale (in January), published in the Arizona Business Gazette Newspaper and on the tax lien sale website.
You must be registered with the county and must submit a deposit of 10% of their anticipated investment with a minimum of $500.
Today's pro tip: Always see a property in person before investing in its tax lien certificate. Begin by getting the list of available properties, then look up the property numbers to find their addresses.Use tools like Zillow and Redfin for more details and insights. While the county may provide photos, these might not always reflect the current state of the property. It's essential to conduct your due diligence, assess the property's condition and value yourself, to ensure you place an informed and appropriate bid.
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By: Dustin Hahn Title: Maricopa County | Arizona Tax Lien Investing | Unlock a Guaranteed 16% Return? Sourced From: www.youtube.com/watch?v=vKrl-DTthGM
