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How Does A Tax Deed Sale Work in Florida?
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- Опубликовано: 18 авг 2024
- Are you hoping to buy discounted real estate properties on the East Coast? Well, you can find what you're looking for in tax deed sales! But how does a tax deed sale work in Florida? Watch this video to understand more about this process. tedthomas.com/...
Key Moments In This Episode:
00:00 Intro & Summary
01:06 What Is A Tax Deed Sale?
02:33 How Does A Tax Deed Sale Work In Florida?
04:22 Why The County Does Tax Deed Sales
05:46 Who Makes The Rules For Tax Deed Sales In Florida?
06:26 How Many Properties Are Sold At Tax Auctions In Florida?
07:55 How To Find Tax-Defaulted Auctions
08:15 Big Mistakes When Buying Properties At Tax-Defaulted Auctions
09:29 Importance Of Learning How To Bid At Tax-Defaulted Auctions
10:32 How Does A Tax Deed Sale Work?
12:22 Differences Between Tax Deed Sales At Large vs Small Counties
13:52 How Much Are Properties At Tax-Defaulted Auctions?
14:42 Does Florida Have Enough Tax Lien Certificates?
15:04 Are Tax-Defaulted Auctions Online Or Offline?
15:23 Two Mistakes People Make At Tax-Defaulted Auctions
Learn more about Ted Thomas
Ted is an American Original - teaching people just like you for over 30 years how to buy houses in good neighborhoods for 30% to 50% of their market value. He teaches how you can sell properties fast for thousands in profit, and how you can ‘rinse and repeat’ this process over and over again - just like his students have - and make your financial dreams a reality.
Ted Thomas is America´s Tax Lien Certificate and Tax Deeds Authority. As an international speaker, Ted has dedicated himself to finding and teaching the best, and safest, investment strategies. He teaches how to create wealth with minimum risk with easy-to-learn methods. Ted’s strategies developed over decades of successful real estate investing can help everyone. From regular hard-working families, to senior citizens, to young families and professionals.
Ted chose to teach Tax Lien Certificate and Tax Defaulted Property investing because it is Certain, Predictable, and Secure. He is a specialist at teaching Advanced Tax Lien Certificate and the Tax Defaulted Auction processes and concepts to investors and professionals. Industry insiders consider Ted Thomas to be America’s Tax Lien Certificate and Tax Deed Authority. In the past three decades, he has pioneered many new techniques and strategies for Investors and Professionals.
#TedThomas
#TaxLienCertificate
#taxdeedinvesting
67 - How Does A Tax Deed Sale Work In Florida - SOLO
Thank you so much for this. I recently purchase 3 vacant lots with tax deeds and need to get a quiet deed. i learn so much from your channel. Much love
You are so welcome! Happy Investing! Keep watching for more new videos each week!
@@Ted-Thomas will do ❤️
This is a very helpful video on how to find tax defaulted auctions and how to avoid the big mistakes! Much appreciated!
Thanks for watching!
Thanks for the great explanation!
My pleasure!
Thank you Ted!! I respect you highly for getting on RUclips and Sharing your knowledge with us at your age.
Thank you!
Great explanation and very helpful. Thank you!
You're very welcome! Keep watching and in the meantime here's a free gift for you...tedthomas.com/gifts
I learned a lot from this video, thanks Ted
Thanks for watching!
I am enjoying what I am learning from Ted.
I'm happy to hear that! Thank you
Great info!!!!!!!!!!
Thanks for watching!
Thanks Ted for this information
You bet!
Thank you for this lesson.
Glad it was helpful!
hey Ted thank you for this great information, please take care, keep the info coming well appreciated
Thanks, you too!
Thanks Ted, good overview of the why, where and how of tax deed auction as well as the biggest mistakes people make. Aren't most or all tax deed auctions in FLORIDA online now?
Good question! With Covid, a lot of the counties certainly tried to do online auctions, but every county is different. So, my advice would be to check with whichever county you are going to be purchasing in to be sure.
Great video, and thanks for shedding some light, as I live in a small town. I built a block home in what was supposed to be a mobile home subdivision. So many of the properties are mobile homes. The one next to me is trashed and has had code enforcement come out and do a clean up of the property. The mobile home itself is garbage, not worth putting money into as the walls have mold the floors are caving in. Anyway found out that it is going to auction and the owner is still living there, and still has code enforcement fines and liens on the property. On the website it says they don't guarantee the title of the property. The starting bid is around 14,000 dollars which is really high for what I know about the property. I just want the land to join the properties together. Do you think it would be worth it. Thanks in advance.
Hi Chris, Thank you for your question. I can’t passed judgment on a property unless I had boots on the ground, if there is any doubt about the value the county is asking don’t buy it. However, other buyers will do comparisons and figure out the same thing. More than likely the property wont sell, if it doesn’t sell, the county has a problem, what are they going to do with it? More than likely, not immediately, they will attempt to resell it at a lesser price or they will ultimately accept lesser offers. The challenge I have is your strategy. In my opinion I wouldn’t be buying more in an already bad subdivision, I would accept my losses, sell what I have and move into greener pastures, not the advice you wanted but putting good money after bad is not a good business strategy.
@chris what did you end up doing?
@@Dementlegirl1 some out of towners bought the property, and are redoing the whole trailer. I'm waiting another year and then selling and moving up north.
Hi. In Florida, after we win the bid are we the owner of the property? Or is there a timeframe as far as the deed? Can you make a video on what happens after you win, like what to expect? Thanks
Hi Latasha, thank you for your question. If you buy at a tax deed auction, when the gavel comes down you will own the property, however, you can’t take possession until you actually receive a deed from the county or if the county deeds the property to you online, you become the owner and then you can take possession. In some cases, this takes a few weeks in Florida, some states like California it takes 3-6 months of waiting. Here is a report you can check out for free! tedthomas.com/freereport
Wow thank you for this life changing information 😊
You're so welcome!
Hey Ted thanks for the info, after learning more of this niche of RE im just wondering, do some homeowners let their properties go to Tax Deed Auctions on purpose in order to avoid paying other Liens attached to the property?
I'm not sure why homeowners let their properties go into default. - Ted Thomas team
Great Video Ted.....Thank you
Glad you enjoyed it
Ted, thank you for all videos! I am your fan 🙂. What happens to the tax lien certificates that are not sold please? Can we buy them outside of auction please? Thank you!
Some states re-auction and others have leftover certificates! Check out this blog: tedthomas.com/over-the-counter-tax-liens/
New subscriber..thanks for making these
Thanks for subbing!
Great information, thanks.
Thanks!
I know you have good heart you are accomplishing you mission here helping all the people these your good deeds from you heart and I’m proud of you these is the only satisfaction you take with you when you die awesome
Thank you!
Ted U Rock bro much love from Los Angeles can u do a video on ur flying history how u got started to getting ur fly license to what u flew & ur experience...I still want fly someday
Thanks for your comments! I had a wonderful flying career and spent lots of time in Hawaii, South America, Mexico, all the provinces of Canada, jungles in Brazil, good luck with your adventure. - Ted Thomas
Where did you get your fly training or did u work in the field
Thank you Ted for the knowledge 🙏🏽. What happens when tax lies owed is, for 2k but people outbid or sells for 3k? The money or return is it on the 3k sold for or 2k tax owed to County? Thank you.
Hi Ruben, in Florida for the tax deed auction the overbid typically goes towards any encumbrances that may be on the property - Ted Thomas Team
Thank you so much for the info ☺️🤗😘🥰🏘️🏠🏡🪴🚪🛖
You are so welcome!
Great content. How do you teach foreign investors if they cannot be at the location to assess the property? What criteria they can follow to at least satisfy the basics?
Hi Honor, I have so many successful foreign investors. I teach the same way I would teach someone who is investing in the United States from a distance. In my home study course I have a whole section for foreign investors. Here is a free master class -- featuring some investors from Canada I think it might interest you! -- tedthomas.com/freemasterclass
Sorry Ted, I originally posted this under one of your KY videos :
I literally just began researching Tax Deed and Tax Certificate Sales (I'm in FL) and I'm new to your community. When I look at the Tax Deed Sale List put out by the County (Hillsborough), a lot of them are listed as Redeemed. Looking up that meaning, I understand it means the Owner has paid all current and delinquent taxes to the Tax Collector’s Office and the property will no longer be going to sale. Why then does it remain on the list? My logic is that if the someone buys the tax certificate and waits the two years before applying for the tax deed, thus causing the property to go to auction, isn't the person who bought the certificate the rightful owner by the time it goes to auction?
Hi Lisa, they remain on the list because the county decides not to remove it from the list. Typically in the description the property will say "Redeemed". we teach people when narrowing down the list to eliminate those properties so you do not focus on the wrong ones. - Ted Thomas Team
If the property is a Condo you are liable for the association fees upon purchasing the deed❓
Aso, where do you check to see if the property has additional liens❓Thank you 💜
You can go to the public county records and research if the parcel has any liens! - Ted Thomas team
Good information. What area of Florida is best to buy tax deeds?
Thanks for watching Bill! Florida is a great state to invest and with 67 counties to choose from there are many choices! Most counties in Florida will hold a tax deed sale each month so you might want to consider which counties are best for you based on different factors... Do you have family in Florida? You may want to choose a county closer to a friend or family that can go check the property. Another factor may be what is your expected EXIT Strategy? Are you going to quickly resell or do you want to rent or maybe do a seasonal rental? If you are considering seasonal rentals, you may consider a county that is high in tourism for amusement parks or popular beaches. The most important factor to remember is regardless of what county you choose - KNOW THE RULES and do your due diligence! For more details on investing in tax liens and tax deeds check out this free mini-course tedthomas.com/gifts
Hi Ted Can you do a video on how to do title or E&O research to determine liens??
Thank you for the video suggestion! - Ted Thomas Team
Thank you!!
You're welcome!
Hi Ted, is it possible to buy property using business credit cards?
Hi Kimberly, YES it is possible! Double check with the county but majority do accept credit cards! Thank you for your question, Keep watching for a new videos each week! In the meantime, here is a free gift! tedthomas.com/freereport
I’m from Guam, US territory. Could I purchase tax lien & bid online?
Yes you can!
Thx Ted, I will double check there is not chicken farms around my next property. 😏👌 haha , but seriously thx so much for sharing your expertise.
Happy to help!
Good reason to go to Florida!
You got that right!
Great info. What happens if the property has other liens?
You will need to do your research because some liens fall off and some don't. You need to do your research - Ted Thomas Team
@@Ted-Thomas Understood. Are you in FL by any chance?
Yes we are located in Florida!
I hope you are doing better 👍🏻
Ted is doing great thanks you for asking! - Ted Thomas Team
I am getting ready to bid on an auction in Fl. Does this process wipe out any mortgages should I win any of the bidding?
Yes but always check the rules to the auction before bidding - Ted Thomas Team
Hello Mr. Thomas how can you purchase these tax deed properties without using your own money as a starter?
Hi Angie, places like Michigan and New York allow you to use credit cards to purchase properties - Ted Thomas Team
Under the lake? Why did the county still sell it?😅
Can I go "over to the counter" instead of doing the auction Ted?
Yes you can - Ted Thomas Team
Make deposit.. bidding online. Do I get my deposit back?
Thanks for commenting! You have to read the rules for each auction that you participate in to be sure. However, yes, typically if you do not bid in a sale where you've made a deposit then you get that refunded back to you. Again, always do your due diligence and know the rules. Keep watching for new videos weekly, in the meantime here is a free gift for you...www.tedthomas.com/gifts
Doesn’t the county first auction the tax deed, then have to wait 2 years to auction the actual property?
Hi, Florida holds two different types of auctions, Tax Deed and Tax Lien Auction. The redemption period on tax lien certificates in Florida is 2 years! -- Ted Thomas Team
What if the tax deed sale property also has a mortgage, after you win the tax deed sale, what happen with the mortgage? Is the mortgage will be wiped out?
I have the same question?🤔
Hi, at a tax deed auction the treasurer will cancel/ eliminate/ delete the mortgage or trustee loan from the county records. Always check the rules at the tax auction before attending.
If you have already won a property, can you bid on another one while your there?
Yes! - Ted Thomas team
@@Ted-Thomas very informative 👏 ty
I dont see where i can purchase the training for $47
Here you go: We have one this Saturday! tedthomas.com/1dayworkshop
What happens in Florida if the tax deed is redeemed?
Hi Adam, Florida does not sell redeemable deeds, they sell tax lien certificates that can redeem and if they don’t redeem, the property will either go back up and be sold as a tax deed property or the purchaser of the tax lien will get the property. Since you took the time to leave a comment... Here is a free gift: tedthomas.com/freereport
Put Ivermectin on your spot!
How does a tax deed sale work in mn
Hi, Minnesota sells tax deeds, here are the statues you can read - www.revisor.mn.gov/statutes/cite/282
I will love to work in a farm
Hi Gaby, here is a free report you can check out: tedthomas.com/freereport