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I went with my cousin today to a real estate pre-seminar (you know, pitching their amazing deal of only $1,997 for a 3 day seminar) and they discussed a lot about their "tools" to make buying tax liens easier.
What I got out of it is that you buy what someone owes in property taxes (lets say they owe $500) - when it's paid you get that $500 plus whatever the states return percentage is - and if it doesn't get paid by them or the bank can't take in another liability and just lets it go, you get the property? How often does that happen? Does anyone here have any experience with this?
What I got out of it is that you buy what someone owes in property taxes (lets say they owe $500) - when it's paid you get that $500 plus whatever the states return percentage is - and if it doesn't get paid by them or the bank can't take in another liability and just lets it go, you get the property? How often does that happen? Does anyone here have any experience with this?
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