Investing In Florida: Tax Liens & Deeds Walkthrough (TLTV Ep: 10)
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- เผยแพร่เมื่อ 1 มี.ค. 2016
- Florida Tax Liens & Deeds - How Do They Work? How do you make sense of it all? Watch today's episode of Tax Lien TV to Learn!
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with Tax Liens & Deeds. Get our free Tax Lien & Deed Mini Course or book a call with us and we will build you a free customized Tax Lien & Deed investing plan to save you years of trial and error. Get It here: linktr.ee/dustinhahnREI
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You two are sweet and sincere, appreciate the help.
You guys are so funny!
THANK YOU BOTH FOR HELPING FAMILIES OUT
Thanks guys. I am very new to tax liens and deeds. Your videos helps a lot.
Thank you so much for the Info
+Fresa Fresa It's Our Pleasure! Thanks for checking it out!
thanks so much
Of Course Robert. Thank you for watching!
Thanks so much for sharing this video got some of the information I needed, looking forward to other videos of this nature.
Awesome! thanks forrealgirl!
you guys are awesome! I'll see you in Houston!
YES! Can't wait to see you there :)
Great info, but the sound is very low.
Thanks for the helpful tips. How would a person skip the tax lien step & act as a tax deed buyer? And how does the tax deed auction work? Im in sarasota & would like to learn more about this process myself :)
Hey Janel! In Florida, they have both types of sales. We'd recommend calling the county and asking when the next tax lien sale is, and when the next tax deed sale, and get a feel for it!
Have you read our ABCs of Tax Lien & Deed Investing?
Great vid
Thanks Jaime :)
What are pros and cons off county withheld liens(from the county that nobody bought )?
pros: you can buy them quickly and you don't need to go to an auction!
cons: They are usually picked through good, so you'll need to do some serious digging to find teh quality ones!
Dorks
dope!
like it
After many failed attempts to Rob the McCallisters of their belongings... Harry and Marv show you how to legally take their entire home. 🤣 Sorry bout your luck Buzz!
So to make sure understood you correctly it's illegal to contact the current homeowner and make them a offer that you'll pay the owed taxes on the property in exchange for a quit deed title? I'm interested in investing in FL soon. Thanks
awesome question! We actually do this in Texas, and get properties before the tax sale, but it is a bit of a more advanced strategy. It's not illegal, but you have to make sure you have the right paperwork.
(That being said, it's always good to check the county your investing in to make sure it IS aligned with their laws, as every county is different!)
Need advice, bought a condo in Palm Beach county through foreclosure auction, HOA foreclosure, didn't realized the condo had a mortgage by the previous owner.
Now the Mortgage company has filed Lis Pendens against any one with interests in the property, anything I can do????? Hurry please.
Qasion - shoot us an email at hello@taxliencertificateschool.com and ask this question, and mention Coach Josh in the email. We'll help you get this sorted out as best as we can!
you might have to flip it fast
i watched a couple of your videos. how do you check that everyone is or isnt informed, ie bank. is there any other checks to make sure you have a deed free and clear of any other issues?
Great Question Richard! We do a title search for all our properties. Sometimes we use a title search company (gettitlesearches.com in Houston) and often we do it ourselves, but it's quite the process!
ok. ty for the reply! another question. i use an online auction site that does all of hernando county fl tax auctions and i was watching a property and it got "redeemed" does that mean the person who paid the taxes took ownership of the property?
Richard sounds like they came back and paid the taxes for the property which means the owners of the property paid the taxes. If it was the owner just means they keep the property. If it was redeemed by a lien holder it still has to go through what is called a redemption period I believe in FL it is 2 years redemption period. If a lien holder owns a certificate they can foreclose after the redemption period is up. Then they can get the property after they apply for the deed to the property.
If you buy a tax deed and have a 2 year redemption period. Can you rent the property during that period?
So what happens if you get a Florida Tax Lien at an auction and the property owner doesn't want to pay the taxes, then it goes to a deed auction and nobody wants it because something is wrong with the property, how do you get your money back?
Hello my name is Rick Marcum
the bidBroward.com website didn't pop up I couldn't find it anywhere
I would like to know more on this. Please tell me How to do it. Do you have like a website or do you guys offer an online training?
+Araceli Keene Hey Araceli! You can download our free training guide right here, which is a great place to start!
goo.gl/lFPjg1 - Feel free to give us a call at 1 877 405 1050 if you want to speak to a person on the phone :)
- Cory @ Tax Lien Certificate School
What happens if I buy a tax certificate and the owner doesn't redeem and a second tax year arrives? Do I pay for tax for another year? What if someone else pays tax of other year? Can there be several certificate holders on one property?
Thanks a lot very helpful info
good question, and what if the owner doesn't want it and it goes to tax deed sale and nobody wants it, how do you get your money back?
Here is what I found on taxlieninvestingtips.com/2010/02/24/after-you-purchase-a-tax-lien/
"Most states do allow you to pay the subsequent taxes, and it is in your best interest to do so because it gets added to your lien and you receive interest on your subs. Some states will give you the maximum interest rate on the subsequent taxes paid. Others will only give you the interest that was bid at the sale, but still it is a way to add to your lien, and control the property so that it does not go into next year’s tax sale."
@@hurtsdonut2529 I thought that the lien matures to a deed and u foreclose and keep the property
Wat about Miami
Where do I find out about over the counter tax deed properties not purchased by anyone at a county auction for Miami Dade county?
Hey Alexandra. Just type in "County Held Certificate" dade county, and it should pull you to the website where you can purchase them!
@@DustinHahnREI It didn´t work. I went to the tax deed office and they handed me a page with a website and when I got onto the webpage there was nothing on it. So I am still at zero. I still have not been able to find a list of over-the-counter tax deeds to purchase in Miami Dade county...
Here it is: www.bidmiamidade.com/
@@DustinHahnREI do you guys have the Broward website for County Held Certificate" ?
got it thanks -bidbroward
Won't taxes continue to accrue after you've bought/won a tax lien? If so, does that mean you have to buy a tax lien on a property every year? Or, just pay the property taxes yourself?
Yeah Solar, You'll be responsible for the taxes once you purchase :)
Dustin Hahn so what would be the average amount
Do property tax liens still have a mortgage?
They will until they get foreclosed on, so you've got to make sure you know how to check title to see how much is left
HI guys, I am a new investor and trying to gey my feet wet. I live in Montana and we are looking to get a tax deed in Florida but all we see is vacant land which from my understanding is hard to flip. Where do I see properties with homes on them? Also it sounds like I cannot purchase the deed and own the property. Am I reading that correctly?
Hey Eric! lots of questions in there. Let me try to explain it quickly... (But feel free to give us a call at any point or email us. We're happy to help!)
1. Vacant land in a good location is definitely flippable, you just need to learn how! It's got to be somewhere where someone wants it, and for a good price.
2. If you get the tax sale list, it should have properties of all sorts on it... If there's no homes, then try to find a county sale and list that has some homes on it... usually it will take some time to find those, but they are out there :)
3. florida is a little different where there are lien sales and deed sales. After a deed sale you own the house (but need to get clear title), but if you buy the lien, you have to apply for it to go to a tax deed sale, and then you have to bid on it again...
It's a little complicated, but not too bad once you get your head around it. I hope that helps!
Tax Lien Certificate School thanks. And I also heard not all states will the lien go to auction that if you hold the lien then you get the deed if they don’t pay.
Hey . I have a question does Florida law require the bidder for a tax deed to be a Florida resident ? I currently live in GA but I rather buy tax deeds in Florida because there no 1 year waiting time.
Hey Evance! nope! But they will probably need some personal info, so make sure you have that handy, and make sure you check and see what you need BEFORE you go to the sale :)
Hey Josh, who’s tickling you? 😂
why would you waste your money on over the counter crap. this is the properties no one else wanted. you will more than likely not get paid at all. so stupid. These properties are owned by the county because they already went to auction and no one bidder on them. So lets say you buy that property and then no one redeems it. Guess what is going to happen. Your not going to get your 18% your going to get a worthless lien. In fact if you send the lien to deed sale. NO one will bid on it. You guys are giving bad advice
Hey Bryce! We appreciate your Viewpoint. If you've gone through any of our trainings, and watched any other videos, we suggest looking at Over The Counter properties, but HIGHLY warn against just buying them in bulk - You CAN find really good properties over the counter but they are few and far between AKA the ones that slip through the cracks, and we mention this a lot in our videos.
You're 100% right in buying a lien that won't redeem and it being worthless, that's why we do REALLY EXTENSIVE property research to find the good ones at tax sales.
But for someone starting out, taking that extra time to find the gold properties in the dirt can help the learning process A LOT, even though they are more rare.
We hope that clears up any confusion (And We definitely don't recommend buying crappy Tax lien Properties, Unless you are in the business of fixing and holding or fixing and flipping)
Thanks for sharing!
Best information ever, Clair and precisel...I live in Florida and I'm trying to educate myself as much as possible because I would like to buy tax lien/ deeds. I will subscribe...