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Tax Deed Auctions Part 1: When, Where, and How to Find Deals at a Tax Deed Sale - (YOU ARE HERE!) Tax Deed Auctions Part 2: Live Bidding War and the Aftermath Tax Deed Auctions Part 3: Finding the Right Tax Deed Properties to Bid On - Tax Deed Auction Part 4: I Bid on 50+ Tax Deed Properties. Here's What Happened -
If you've ever wondered how a tax deed auction works, I will show you exactly how get started in this video.
Tax deed sales present some unique investment opportunities, but in my experience, they're not as easy to find as you think. You need to find the right property, understand its worth, and determine if there's enough "meat on the bone" to provide a solid profit margin based on the minimum bid amount.
I'll show you how to get started if you want to try your hand at tax deed investing.
0:00 - Intro 0:47 - What is a tax deed auction? 1:32 - The opportunity and the competition 2:21 - The biggest drawback of tax deed auctions 2:49 - Why Michigan, of all places? 3:09 - Understanding whether you’re in a tax deed or tax lien state 4:31 - Knowing what time of year the tax sale happens 4:49 - Getting registered and approved to bid on properties 6:06 - How do tax deed sales affect the property’s title? 6:29 - 8:53 - Filtering out the best properties 10:30 - How to decide which properties to pursue 11:04 - Deciding how much to bid on each property 11:29 - Property #1: Basic, high-level, “at a glance” due diligence 11:50 - Using DataTree: (we earn a small commission for every sale that is referred through this link, and it will save you some money if you go through this link instead of the normal DataTree website) 14:25 - Property #2: Basic, high-level, “at a glance” due diligence 16:14 - Property #3: Basic, high-level, “at a glance” due diligence 16:44 - Property #4: Basic, high-level, “at a glance” due diligence 18:32 - When should you start bidding? Before or during the live auction? 19:11 - How to find, review and bid on each property 21:31 - How bidding works 23:16 - Taking notice of potential due diligence issues 24:48 - What to expect when the auction goes live (next video)
What is a Quiet Title Action?
The website I use for a lot of my property research is DataTree. Here's our affiliate link, where you can get a discount on the service: (we earn a small commission for every sale that is referred through this link, and it will save you some money if you go through this link instead of the normal DataTree website)
Want to learn how to find MUCH better deals on vacant land properties? Check out the Land Investing Masterclass:
Check out The Beginner's Deal Finding Guide:
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By: REtipster Title: Tax Deed Auction Part 1: When, Where and How to Find Deals at a Tax Deed Sale Sourced From: www.youtube.com/watch?v=iVXMe_0mma4
