As a strategic investor, one always has to be on the lookout for the opportunity to make money; wherever, whenever. Unlike working a traditional 9 to 5 day job, investing in real estate does not bind one to a particular location. The latest round of investing was conducted online in Maricopa County, Arizona, where I participated in the Annual Tax Lien Sale. This event takes place every year in February. The County auctions off liens on ALL real estate where property taxes have not been paid for the past two (2) years. Take a look below at the properties I won liens on:
Here’s a home in Central Phoenix I bought a tax lien on for ONLY $400! It’s 65 years old, contains 1,200 square feet of living space, and will fetch roughly $50,000 on the open market!
Here’s another beauty! The home below had a tax lien on it for ONLY $400 – so I quickly snatched it up. It has 3 bedrooms, 1 bathroom, and contains 1,024 square feet of living space. On the open market, it commands rougly $75,000!
Although covered by trees, the home behind the fence is solid brick, and was picked up for ONLY $400! It has 900 square feet of living space, 2 bedrooms, 1 baths, and will fetch approximately $70,000 – $75,000!
The other two tax lien homes won at auction were an 800 square foot condo in the Arcadia section of Phoenix (near the Scottsdale line), and a 1,200 square home in the mining town of Wickenburg, about 60 miles northwest of Phoenix.
NOW THAT I AM IN POSITION – I have to contact the county Treasurer’s Office, and make quick arrangements to wipe out all the lien holders that appear before me for the past five years for each property. Once I do that, I will be the only tax lien holder for each home, and will make the interest income earned by the lien holders I wiped out; until I foreclose all 5 properties (at a cost of about $2,500 per property).
The average foreclosure time for tax liens in Arizona is about 90 days, given there are no complications such as a bankruptcy filing by a home owner. So it is safe to assume that for a $2,000 initial investment, I am in the position to foreclose and turn $2,000 into $300,000 to $400,000 OR MORE!
To learn how YOU can do this in ALL 50 STATES, get your copy of my e-book “Get that real estate for pocket change!” for only $19.99 TOODAY! You will be able to see how all 50 states conduct sales, what type of investments are sold (tax lien/tax deed), when sales take place, and in most cases, you can POINT & CLICK to see current inventory!!!
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