Members Hub

Empowering You To Financial Independence Through Real Estate Education

Why Do People Let Their Properties Go For Taxes?

Have you ever heard the saying “Beauty is in the eye of the beholder”? It means that many people can look at the same object and will tend to place different values on it.

iStock_000060230040Small

Why? Each person measures value differently, each person has different goals and priorities in life, and each person has a different way of solving problems. When some people hear about land and houses being seized by the county and offered at auction, they wonder how that could ever happen, and why a person would let a valuable asset be sold for taxes.

Click here for access to a 7 part investment course

Let us give you the gift of investment knowledge!


🔒 we protect your privacy.

Let’s take a moment to have a closer look at this process to clear up any doubts that you may have about tax delinquent properties.

First off, don’t fall into the trap of thinking that just because a property is seized for nonpayment of taxes that the property itself is worthless. Don’t think that just because the owner didn’t want it then you shouldn’t either. The sad fact is that some people just don’t know how to recognize value, or they have overinflated ideas of the work involved in making money from real estate.  You see, most people who let their properties go for taxes have started to look at the real estate as a big hassle, either because they inherited it or because it was an investment that didn’t meet their expectations. They don’t know how to recognize its true value.

Once owners have lost enthusiasm for their pet project, they may feel that it’s just not worth it to put the property on the market or to do anything with it. Then, imagine how little of a desire they have to pay the taxes on that property. So when the county threatens to seize the deed to the land, it’s almost a relief.

But then something very strange happens: that very same property is set before investors at a tax sale and investors scramble all over themselves trying to outbid each other. Does that surprise you? It shouldn’t. The investors see what the original owner didn’t: the value of the property. Whether they want to flip it or rent out the house on the property, they know that a little work will mean big returns for them.

People let their properties go to auction with all sorts of excuses, but it all boils down to one simple fact: they don’t perceive the value.

Don’t make the same mistake yourself.

However, you shouldn’t wait until the auction to take advantage of tax delinquent properties. Use the list published by the county before the sale to get in touch with the owners – or try to get in touch with them ever before the list is published. Because of their desire to just wash their hands clean of the whole matter, you will be doing them a favor by taking the real estate off their hands. Then, you can make a greater profit by having avoided the high competition auction.

Tax delinquent real estate has high value- if you know what to look for.

Click here for access to a 7 part investment course

Let us give you the gift of investment knowledge!


🔒 we protect your privacy.


 

© Orbit Publishing, LLC All rights reserved. PO Box 72540 Phoenix, AZ 85050