Secure property bargains at Orange County, Florida Tax Deed Auctions. Learn how to get 18-36% returns on your investment and buy property for as little as $500 with Tax Liens and Deeds.
Get our free Tax Lien & Deed Mini Course or book a call with us and we will build you a free customized Tax Lien & Deed investing plan to save you years of trial and error. Get It here:
Get More Tips On Our Social IG: dustinhahnrei TikTok: dustinhahnrealestate
Orange County: Orange County Tax Collector Office: Orange County Clerk of the Circuit Court & Comptroller:
Tax Certificate Sale Links: Tax Certificate Sale Site: Tax Certification Auction Site:
This is our series on Florida tax certificate sales, where you can invest in lien certificates for as little as $50 and earn up to 18%. Florida also offers tax deed sales, where you can acquire properties for significantly less than their market value. If you're just joining, check out the intro to Florida in the playlist.
Today, we're focusing on Orange County, Florida. – not to be confused with Orange County, California, which we've already explored in a separate series. Check out the California playlist for that.
Let's start by understanding how tax lien and tax deeds work in Orange County. We did touch on the basics in our intro video, but these concepts are important, so we're going to revisit them – this time with a story to make it a little interesting.
Imagine John, a homeowner in Orange County, who's fallen behind on his property taxes, totalling $5,000. The county, needing to recover these unpaid taxes, auctions off a tax certificate for John's property.
Enter Alex, an investor looking for opportunities. He wins the bid for the tax certificate at an 18% interest rate and pays the $5,000 to the county. This gives John a 2-year window to repay Alex the amount, plus 18% annual interest, which comes to $6,800.00 after two years.
As time goes by. John struggles to repay this debt. In Florida, after the 2 year redemption period, if John still hasn't paid, the county steps in—not Alex. Unlike in states like Arizona, where the tax lien holder can directly initiate foreclosure, in Florida, the county is responsible for auctioning the property through a tax deed sale.
The auction day arrives, and John's property is sold for $100,000. Alex receives his initial investment of $5,000 plus the accrued interest of $1,800. Other lienholders and the property owner may apply for any excess funds. The surplus (if any), after settling other liens, goes to John.
If Alex believes the property is a worthy investment, he can register, join the online auction, and potentially be the highest bidder. This could lead Alex to acquire John's property, often for a value well below its market price.
Orange County is a great location for real estate and Tax Certificate and Deed Sales. It is a diverse and vibrant region, with over 1.43 million residents and 75 million annual visitors. It is a top global tourist destination, and the most populated county in Central Florida, encompassing 13 towns and cities, including Orlando, Winter Park, and Windermere. So, quite an attractive county for both tax lien and tax deed investing.
What is the bidding process in Orange County Florida? Here is the TLDR:
-Bidders must be registered online at the Orange County RealTaxlien The tax Collector requires a minimum deposit of $1,000 or 10% of intended purchases, whichever is greater, to be posted through the auction web site. The lowest rate of interest bid will be awarded the tax certificate.-Interest starts at 18% and is bid down to zero percent.-Registered bidders will be able to compile their list of items and percentage amounts two weeks prior.
The auction will consist of batches of approximately 2500 items. After the first batch, batches continue hourly until the close of the sale.
Side note: A batch is a subgroup of the list of auction items. The list is divided into batches to make the bidding process more efficient, and enable participants to manage their bids and budgets.
To get started with the process, Visit the Orange County Tax Collector’s Office website. Click on 'Taxes' from the menu on the left side of the homepage, Choose 'Property Taxes' in the 'Taxes' section, and Find 'Tax Certificates & Deed Sales.'
In the Tax Certificates area, you'll find detailed information about Tax Certificates together with Additional Information and documents for Download. Download those and study them.
Read More
By: Dustin Hahn Title: Orange County | Florida Tax Lien & Deed Investing | Survival of Liens After a Tax Deed Sale? Sourced From: www.youtube.com/watch?v=FMROFhKOpBw
