Home Buying in Overland Park>Question Details

Nichole88, Home Buyer in Overland Park, KS

how can i buy homes thats is on taxes and then sale them?

Asked by Nichole88, Overland Park, KS Tue Oct 26, 2010

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6
There are many good answers to your question about wanting to buy homes that are on back taxes and
then sell them. The best advice is to contact a Realtor in the state in which you have interest. Peter Newman
gives very good advice. His show is mentioned in email below.
0 votes Thank Flag Link Sun Oct 31, 2010
Just to add to the others who haven given some great information, you should do your research to see the rate of interest on each state to purchase tax lien certifficates. The rate of interest varies and not all states have tax lien certificates you can purchase. Missouri is one state you can purchase tax lien certficates, but one of the higher rate of interest is Iowa. Peter Newman gives occasional talks on this subject and also has a Saturday radio show: http://www.kmbz.com/pages/7773654.php
0 votes Thank Flag Link Tue Oct 26, 2010
You might want to contact the county court house and find out when the tax sales will occur. A list is posted ahead of the sale, so you can gather facts on the properties you are most interested in. For your first outing, you might want to just go and watch a tax sale and find out how they work. There are more sales in Jackson CO, MO. to observe. Always seek the advice of a professional who has done this type of work, whether a lawyer or Realtor. There are a lot of facts to learn about these sales, and you don't want to make a purchase that you'll live to regret.
0 votes Thank Flag Link Tue Oct 26, 2010
Are you interested in purchasing a tax lien certificate?
This means you’re investing your money in a piece of real estate where the owner owes back taxes on the property. Its pretty complicated but start by going to the county website where you want to purchase tax lien certificates. If you have a property you’re interested in or know a county where you want to buy tax lien certificates, find the county website. The county websites typically offer a list of tax lien certificates that are for sale. The procedures for buying tax lien certificates vary from county to county, so the website explains the process the county uses to sell them.
0 votes Thank Flag Link Tue Oct 26, 2010
If you are asking about tax liens and how to purchase those, a qualified Realtor or a CPA are the best resources to help you. We are the Hines Team with Keller Williams Realty Partners, Inc. here to assist you with all your real estate needs. 913-488-0758
0 votes Thank Flag Link Tue Oct 26, 2010
Is your question concerning homes have tax liens? These are tricky transactions prior to purchasing best do research .... no the facts, many have lost more money than gained.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Tue Oct 26, 2010
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