There is another type called Commissioner Sale this is when inventory that does not get purchased goes back into county then they have a second sale which iOS an auction and redemption period gets reduced to 4 months.
- Understand the market
- Hire a local real estate attorney
- 1500 Dollars per property to handle everything
Then there is Redeemable Deed states Texas is most famous for this type of Deed.
- Send AP form letters to the counties
- 254 Counties in just Texas
- Flat penalty interest rate of 25% within 6 month redemption period and it is not your primary home
- If it is primary it is 25% first year and 50% second year
- During redemption period you can collect rent and improve property if you want
- Well you are waiting you can make money
One more example Georgia is a Redeemable Deed State
- 159 Counties
- 20% Flat rate
- 2 year redemption period - You cannot take title like you can in Texas
- Georgia has a tax sale once a month
- Assume Title
Well that is my conclusion to this chapter and tomorrow maybe we will talk about Tax Deeds or tell why Tax Lien investment is so much safer than anything else for return on your money.
Calvin
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