So you’re looking for a smarter way to buy property, whether it’s to live in or to invest in. Congratulations. If you’re reading this article, it means you’ve jumped from the “thinking” phase to the “doing” phase, and most people never get that far. There are plenty of deals available, if you’re willing to do a little research.

You’ve probably heard that tax foreclosure property is a great investment, and you haven’t been led astray; but now, he will learn how to buy a home for back taxes, very cheaply, without having to deal with the headache of the competition. If you are looking for a cheap property to buy and live in, stay tuned too – this technique will work even better if you are not an investor!

At this point, throw away everything you’ve ever heard or read about tax sales. If you’re smart, you’ll quickly realize that you can’t compete with all the big companies that will clamor to bid against you in the sale. Tax sales, whether for deeds or liens, are not a place for the savvy investor in today’s market. There’s a much better way for you to buy a home for back taxes: from the tax-delinquent owner himself.

Most people overlook this strategy, so you will find almost no competition. If you’ve ever tried to buy directly from a foreclosed homeowner, then you’ll understand why this is so unappealing to failed foreclosure investors. You often can’t get these homeowners to call you back for the life of you, and if you get a deal, then you have to deal with the mortgage, the second mortgage, the back bills, the back taxes; but when you buy a house for back taxes, it’s a different animal.

Why?

Because these houses almost never have a mortgage!

That’s how it is. The mortgage company handles any tax issues to avoid losing your interest in the property. So you’ll find that almost all of these houses are free of a mortgage, or they wouldn’t be available for tax sale in the first place.

Another thing that may seem counter-intuitive is that landlords will almost always return your calls, and when they do, they are eager to make a deal with you to sell you, and for very little money, just to get the property. out of his name! This is because, as you will see, many owners of these properties are not people who have been down on their luck and are losing their homes. They are people who inherited property, or absentee owners, who got fed up with this economy and actually let property go up for tax sale on purpose, just to get rid of it.

These landlord gold mines can be hard to find, which makes them great prospects, and you’ll be pleasantly surprised to find out how many of these landlords are willing to hand over their deed to you for a couple of hundred dollars, just because they’d rather see you go. to stop a good small-time investor like you, to see that he goes to the government. Are you looking to buy a property to live in it? Even better. Expect to find owners even more excited to give it to you, with almost no money.