Michigan Tax Sale Teleconference
Reading your state’s statutes to learn how tax sales work is essential.
Admittedly, I don’t know every single states’ tax sales inside and out, and Marlon brought up a good point to me as he researched his state’s laws – the county ALREADY owns the tax sale properties offered at tax deed sales in Michigan.
So you can’t use the tax deed sale list, you have to dig back further to find your prospects.
Have a listen, and don’t make any assumptions about your state. Take the time to realy understand your state’s tax sale process so you know where to enter the picture!
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Sincerely,
Rick Dawson
The DeedGrabber
Everything You Need to Know to Profit From
Tax Property Before the Sale -
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{ 3 comments… read them below or add one }
Rick, Really appreciate your call with Marlon. I am finding the same situation in Texas. Do you have any experience with Tarrant,Dallas County Texas? (Ft.Woth-Dallas). Thanks Again, Wayne
I don’t have experience in that county.
However, Texas is much more of a straightforward situation than Michigan. In Texas you can get lists of all tax delinquent property (called the delinquent tax roll) and you can tell how delinquent they are. The most delinquent will appear on the tax sale list soon. Unlike Michigan, these can be redeemed up until the sale, and even after the sale for 6-24 months.
Focus on “before the sale”, because bidding at the sale, and 25% returns for the investor every 6 months, can make it tough to redeem.
that is helpfull thank you