How to Buy OTC Liens in Florida - Orange County 2023

Florida's tax lien auction season just ended, which means unsold tax lien certificates are becoming available to purchase over-the-counter. This happens each year in June and July, and the unsold liens sell very quickly.
This video shows you how to quickly research in the tens of thousands of liens to find the ones that fit your strategy, plus the steps to buy these liens from the county at the full 18% interest rate.
In our example we focus on Orange County, but the same steps and search methods can be used across the whole state.
If you haven't tried Parcel Fair, our tool will save you countless hours in researching, locating and purchasing tax properties. Try out our 7-day free trial here: parcelfair.com/account/register
Links from the video:
Parcel Fair
www.parcelfair.com
Orange County Tax Liens (available from Real Auction):
orangefl.realtaxlien.com/?

[@godly1691]

Are foreclosures properties good to buy

[@ParcelFair]

Depending on the condition and value of the house, foreclosures are one of the more straightforward purchases in discount real estate. The main stumbling block for many buyers is that the foreclosure starting bid can be very high compared to the value of the property, but that is not always the case. In short, you are still getting a discount property, but not always as big of a discount as something like a tax deed would get.

[@malekiapolk4676]

How can you research a parcel to know if it has problems or not attached to it before purchasing.

[@JeremyLJordan]

Newbie here. Following this info and doing research like a madman LOL... Question, using your website is there a way to find the bottom barrel OTC tax deed deals, for any state it doesn't have to be just Florida? Thanks

[@ParcelFair]

Hello! Welcome to the channel :) glad to hear that you're putting in the time doing your homework, the research pays off! We definitely have bottom-barrel OTC tax deeds in most of our 15 states - some states don't offer anything OTC, so obviously we don't have anything there either. In some cases the state treats the property as "forfeited" and will sell it to investors for a discount - they don't always call it a tax deed, sometimes it's through a Land Bank or just buying from a "forfeited property" list, and we have those opportunities on our site as well, even though it's not technically a tax deed. Happy to discuss specific markets and states if you'd like, just let me know what questions you have! Here's a link to our contact form if you want to pick up the discussion there: parcelfair.com/home/contact

[@maverick13nyc]

Question... that 18% is paid monthly or yearly. Please give example if you can on how much you would earn per month or year. Thanks

[@ParcelFair]

Sure - the annual interest rate is 18% pro-rated monthly, so that would be 1.5% per month. The lienholder gets paid in the case of a redemption (where the property owner pays their taxes after you hold the lien), or in the case of a deed auction (where your liens mature and the county sells the tax deed). There is also a 5% early redemption penalty rate in Florida where the owner would pay additional interest to the lienholder so your minimum interest rate in total is still very reasonable. Let me know if you want to discuss further! Here is our contact form: parcelfair.com/home/contact

[@maverick13nyc]

@@ParcelFair Does that 5% also apply to OTC and is that 5% on a monthly base too.

[@ParcelFair]

@@maverick13nyc The 5% penalty is going to vary by county - from what our researchers have found, some counties apply the 5% to make sure you get at least 5% on early redemptions, and others seem to apply 5% on top of your interest rate in the first year. Either way this protects your minimum return, but the specifics are going to vary by county. I recommend as you invest in each county that you get to know their specific rules since it's not uniform across the state and may change over time.

[@user-mg4fk2zx6r]

Hi, I really enjoyed the video. I am an investor. I focus on purchasing OTC lots/and land. My exit strategy is to flip the quickly, "as is". I am not interested liens for redemptions to get the interest. . I want to buy quick so I can sale quick. My question is the "parcel tool only for searching Florida only?

[@ParcelFair]

Sounds like a solid investment plan! Our tool works great in Florida, but we're up to 14 states and always adding more - here's a link to our home page if you want to see more about the states offered: www.parcelfair.com

[@user-mg4fk2zx6r]

@@ParcelFair I will check it out. Thanks

[@tuconexionlocal7516]

So confusing 😕

[@ParcelFair]

Agreed, there's a lot going on in Florida! But if you learn the advantages of each market that's available to you, there can be big rewards. Give us a shout if you want to chat sometime or ask some questions: parcelfair.com/Home/Contact