Other than going to area court house & paying back taxes (& etc) on a house what other good investment tips?
- loanmasteroneLv 75 years agoFavorite Answer
If you are speaking of county tax lien sells, the function require a bit more than paying back taxes on a person that is delinquent in paying his/her taxes.
You are required to bid on the back taxes against others that are there for the same reason, the purchase of delinquent county property taxes.
Finding other methods of investments would be based on the type investments you would want to be involved in.
In the real estate investment field you might consider
#1. Finding distressed properties to buy, rehab and either sell them at market value or keep them for a rental property.
#2. Finding a person that is in the business of finding distressed properties to rehab and sell of keep for a renal.
In this scenario normally you would supply the funds to purchase, the cost of rehab of the property and either charging interest on this short term loan (6-12 months) Normally the interest rate is around 8%-10% for this time frame.
You could also become a partner in the deal. You would still put up the financing. Once the house is sold your initial investment would be returned to you and the rest would be dived up based on the agreement between you and the person doing the work on the house. (normally the split is 50/50 after expenses)
There are many other real estate investment avenues you might consider.
It would be in your best interest to find and read several books on the subject of real estate investment,
You would find these books in your local book store or on Amazon.
You might consider such books as Foreclosures, probate, fire damage, note buying, as well as short sales.
Make sure the books you purchase are written after 2009 or later.
I hope this has been of some benefit to you, good luck.
- 5 years ago
"Other than going to area court house & paying back taxes (& etc) on a house what other good investment tips?" - Not really a good investment either.