| One of the first things that you have to
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| | lot of time in my due diligence; I get
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| do to invest in tax lien certificates or
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| | all the information that I need; and I
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| tax deeds is to get the list of
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| | only have to go out and look at the
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| properties that are in the tax sale.
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| | properties. For larger lists, I would
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| Sometimes you can find this list online,
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| | rather do my own research. Detailed tax
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| on the tax collector's website. In most
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| | sale lists that are over 500 properties
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| counties the list has to be published in
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| | can cost over $50 and lists that are over
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| the local paper 2-4 weeks before the
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| | 1000 properties can cost over $100. Large
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| sale. In states where tax sales are held
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| | counties and counties with big cities can
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| on the municipal level, most of these
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| | have lists of a few thousand properties
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| lists will be small (less than 100
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| | and that can cost a few hundred dollars.
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| properties) and easy to manage. But in
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| | So how do you decide whether you should
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| large cities and in states where tax
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| | buy the detailed list or do the research
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| sales are held by the county, these lists
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| | yourself for these tax sale lists?
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| can be quite large. Although you can get
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| | First remember that if the original tax
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| these lists for free, there are times
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| | sale list has 1000 properties, there will
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| when you will want to pay for a detailed
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| | probably be only 500 or so properties
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| tax sale list from a tax sale list
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| | left on the day of the sale. Since most
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| provider.
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| | tax sale list providers do not update the
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| The tax sale lists that you get from the
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| | lists that they have for sale, you will
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| municipality or county do not always have
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| | have to purchase the detailed information
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| the information that you need. Often,
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| | on all 1000 properties even though you
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| they will not include the address or
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| | will probably only use half of the
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| physical location of the property.
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| | information. If you choose not to buy a
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| Usually these lists will only list the
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| | detailed list, then you may be doing
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| tax ID or parcel number, block and lot,
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| | research on a lot of properties for
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| owner of record, and amount due on the
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| | nothing, since half of them will not be
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| properties in the tax sale. It will not
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| | in the tax sale.
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| tell you things that you need to know
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| | So here's what I do. If there is an easy
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| before bidding on the property like: the
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| | way to get the assessment information
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| acreage, type of property, assessed
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| | that I need, that is if it is available
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| value, last sale price, and whether or
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| | online, I wait until about 4 or 5 days
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| not there is a mortgage on the property.
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| | before the sale, get an updated list from
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| To find out this information you can
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| | the tax collector, and then I get the
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| either go to the tax collector's or tax
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| | assessment information on the properties.
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| assessor's office and look it up
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| | To make it even easier, I limit the
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| yourself, or you can buy a detailed tax
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| | properties that I research to only
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| sale list that provides all of the tax
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| | certain areas that I'm interested in
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| assessment information, including the
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| | investing in. I may limit it to only 3 or
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| physical address of the property.
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| | 4 townships in the county and to only
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| For smaller tax sales you may want to buy
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| | certain types of properties. If the
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| a detailed list. You might think that
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| | assessment information is not that
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| since the list is small, you could save
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| | readily available, I'll buy the detailed
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| the money and look it up yourself. I have
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| | list. Some list providers will allow you
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| found that this process is time consuming
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| | to filter the list by property type, thus
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| and that for small lists I am better off
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| | you only buy information on the type of
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| buying the detailed list. It saves me a
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| | properties that you are interested in.
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