Hello Ted, great advice! I have a couple of questions. 1) How is the interest paid on tax certificates? Quarterly, Annually? 2) How does one go about physically inspecting the property before the auction? How do I get boots on the ground before the auction? Will the county provide a list with addresses before the auction in order to inspect the property before the auction? Thanks in advance.
Hi Bill, how the interest is divided up is typically annually but you will need to confirm with the county you are participating in. The county will provide you a parcel ID number which you can then look up for the physicals address. To get boots on the ground I recommend you personally making the trip or hiring a local broker/realtor to help you out - Ted Thomas Team
Thanks Ted for all the information. Any suggestions for people interested in buying tax lien certificates out of state? Do you hire someone to take pictures or take videos before buying out of state? If so , what tips do you have?
Thanks for your question, a high percentage of buyers purchase in a state other than where they live in. and yes you would hire people to research the property and visually have boots on the ground and take pictures. Interviewing brokers in the area you are buying would be an efficient way to get started. - Ted Thomas
Hello Ted I am Interested in this vacant lot next to my property. The owner has not paid the taxes and I want to see if I can get the tax lien certificate.. my question is will it still go on the tax deed sale if owner fail to pay back thru county If I purchase the tax lien certificate. Thanks
Hi, thank you for your question. You can only purchase a tax lien on the property if the county auctions it off... I am not sure what state you are in - Ted Thomas Tema
Hi Esther, you will want to go to the local county's property tax collector and the list is typically online. You can always call up the county you are interested in and they will direct you where to find the list - Ted Thomas Team
Im looking to purchase certificates in Gulf and Duval county. In Florida there is a Tax deed auction how does that work. It's not guaranteed to get the property if goes to auction again. What is that process? Also can I sale Certificates I own to another investor?
Hi Omar, If you are looking to buy certificates in Gulf and Duval county their tax lien certificate auction will happen in May at lienhub.com. If you are interested in attending their tax deed auctions (which are different than tax lien) they happen monthly. Here is information on Duval county tax deed auctions - duval.realtaxdeed.com/
Thanks for asking your question, always check with the county because different counties have different rules. Generally If the county sells certificates there will be 2 or 3 years. For example Phoenix Arizona the property owner has a 3 year right of redemption so at the auction you purchase the first certificate, someone else purchases the second certificate, and then the third year someone else purchases the certificate. If that is the case the third purchaser is allowed to pay off the 2nd and 1st holders by paying them in full at whatever rate they purchased. - Ted Thomas
Tax lien certificates can create a nice steady income if you are investing in a large amount of certificates. If you are looking to make larger profits quicker, you may want to consider investing in tax deeds instead. When you purchase a tax deed you are getting a physical property that you can sell. My strategy is to buy low and sell low FAST!
how many of you came here after reading richdad poor dad book?
😂😂😂
Learning to be financially literate
me😂
Thank you Sir for explaining this subject so eloquently..
You are most welcome
THANK YOU, Ted, for sharing this wealth of knowledge and information!! Many blessings!
My pleasure!
I appreciate you taking the time to teach us. Very good video
My pleasure!
Hello Ted, great advice!
I have a couple of questions.
1) How is the interest paid on tax certificates? Quarterly, Annually?
2) How does one go about physically inspecting the property before the auction?
How do I get boots on the ground before the auction? Will the county provide a list with addresses before the auction in order to inspect the property before the auction?
Thanks in advance.
Hi Bill, how the interest is divided up is typically annually but you will need to confirm with the county you are participating in. The county will provide you a parcel ID number which you can then look up for the physicals address. To get boots on the ground I recommend you personally making the trip or hiring a local broker/realtor to help you out - Ted Thomas Team
Great video!
Thank you! Make sure to get your FREE list of upcoming auctions here: tedthomas.com/freeauctionlist
Inspiring video
Thanks a lot tedthomas.com/freeauctionlist
Thank you. I hope to do much more with your team.
Our pleasure!
Thanks Ted for all the information. Any suggestions for people interested in buying tax lien certificates out of state? Do you hire someone to take pictures or take videos before buying out of state? If so , what tips do you have?
Thanks for your question, a high percentage of buyers purchase in a state other than where they live in. and yes you would hire people to research the property and visually have boots on the ground and take pictures. Interviewing brokers in the area you are buying would be an efficient way to get started. - Ted Thomas
Thank you for the vídeos the are very helpful for all the people that want fallow system and learn to be successful they very simple to learn fast .
You're very welcome!
Hello Ted I am
Interested in this vacant lot next to my property. The owner has not paid the taxes and I want to see if I can get the tax lien certificate.. my question is will it still go on the tax deed sale if owner fail to pay back thru county If I purchase the tax lien certificate. Thanks
Hi, thank you for your question. You can only purchase a tax lien on the property if the county auctions it off... I am not sure what state you are in - Ted Thomas Tema
What are the ways to get hold of the tax certificates list ? Do I have to get it in person or am I able to get it online?
Hi Esther, you will want to go to the local county's property tax collector and the list is typically online. You can always call up the county you are interested in and they will direct you where to find the list - Ted Thomas Team
I’m still kinda lost, if the people do end up paying the taxes owed how happens to the money you paid for the lien??
Check this article out, it may help you out: tedthomas.com/tax-lien-certificate-sale-process-in-7-steps/
Im looking to purchase certificates in Gulf and Duval county. In Florida there is a Tax deed auction how does that work. It's not guaranteed to get the property if goes to auction again. What is that process?
Also can I sale Certificates I own to another investor?
Hi Omar, If you are looking to buy certificates in Gulf and Duval county their tax lien certificate auction will happen in May at lienhub.com. If you are interested in attending their tax deed auctions (which are different than tax lien) they happen monthly. Here is information on Duval county tax deed auctions - duval.realtaxdeed.com/
Thanks 👍
Welcome 👍
✅
✅✅tedthomas.com/freeauctionlist
You say they pay these “percentages”, but… percentage of WHAT? “They pay 16%”… OF WHAT.
Sorry for the confusion, you will get paid 16% interest on your total amount paid for the certificate you purchased in Arizona! - Ted Thomas Team
hello Ted, i would to learn from you, how do i get in touch with you sir??
Hi Jay, go to Tedthomas.com to find my contact information
So, what happens to the Certificate if they do manage to pay the taxes?
Hi Noble, who do you mean by "they"? - Ted Thomas Team
The owner
@@diagofernandez4914 The owner has up to 1yr to repay the person whom paid the back taxes
@@supplee03 the owner repays the person who paid the taxes with interest?
@domani gonzalez They pay the county and the county pays you.
What happens if there is more than one tax certificate issued. Lets say 9 certifcates issued and 7 redeemed.
Thanks for asking your question, always check with the county because different counties have different rules. Generally If the county sells certificates there will be 2 or 3 years. For example Phoenix Arizona the property owner has a 3 year right of redemption so at the auction you purchase the first certificate, someone else purchases the second certificate, and then the third year someone else purchases the certificate. If that is the case the third purchaser is allowed to pay off the 2nd and 1st holders by paying them in full at whatever rate they purchased. - Ted Thomas
This sounds like it would take a long time to accrue real wealth.
Tax lien certificates can create a nice steady income if you are investing in a large amount of certificates. If you are looking to make larger profits quicker, you may want to consider investing in tax deeds instead. When you purchase a tax deed you are getting a physical property that you can sell. My strategy is to buy low and sell low FAST!