Real Estate Investing Online
I am interested in investing in real estate. Are buying properties through tax sales a good investment?
From what I’ve found out, it is possible to purchase property for the back taxes that are owed, but unpaid. I would like information on how to find these properties and how to purchase them. I think there’s an auction. Do I have to attend the auction in person, or is it possible to purchase online, like on ebay? I live in the central area of California (Fresno). Is the procedure different for different areas of the state or country? Is there a website where I can go to obtain more information on this subject for my area? Any information you can provide would greatly help. Thank you.
If it was such a hot property, and they saw they were going to lose it, why didn’t it sell? Good advice I got once was never to invest in something I knew nothing about. There are websites which charge a fee for such information. Auctions on tax properties are “As is, where is” propositions. Some countries will not allow foreign ownership of land. Often, too, permanent residency is a bit of a hard go as well, depending on the country.
Beware on the online “Tax Auction/Govt. Seizures/ confiscation sites. Some list properties that are years ago sold and the listings have not been removed. I type in a small town to see what they list. That tells me a lot. Also, beware of houses where kitchens were ripped out being sold by law enforcement. These are usually former METH labs and could still be very hazardous to your health.
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