Do you know the difference between Tax Lien Investing & Tax Deed Investing? It's easy to mix them up. Learn the difference by checking out this video called "Tax Liens Or Tax Deeds - Which One is The Most Profitable?" ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-pQlKqcRlXGE.html
Yep, that's right for Texas. Non-residential properties have a 6-month redemption period, while homes, farms, or mineral-related properties get 2 years. And don't forget, there's a 25% penalty on redemption.
@@DustinHahnREIwait so I thought 2 years wss only for Homestead exemption. Which one is it 2 years for Homestead exeption only or 2 years regardless? I thought it was 6 months land or house as long as it doesn't have an exemption.
Hi, Dustin! Love your channel- great, straightforward, and helpful instructions on how to jump into this type of investing. I have a question - when you have the list of properties, is there a way to quickly identify which properties are rental (whether vacant or not) vs. just land, etc.?
Thanks for the kind words. To quickly identify rental properties versus just land, check property descriptions for keywords like "rental" or "vacant land." Use county assessor websites for detailed records and look at zoning information. Hope this helps!
So the homeowner who owed say 2K in taxes.... but you the buyer of the tax lien paid 8K at auction.... the homeowner will have to pay the buyer 8k + 25% .... am I understanding this correctly?
I could sure use your help. I own 195 acers in texas. I live a couple hours from it for now. But ive started looking into tax sales for one reason only. Ive noticed property that butts up to my property that is listed in upcoming tax sale. Id just like to purchase it for another deeded entry to my property
That sounds like a great opportunity! You can book a call with us here: linktr.ee/dustinhahnrealestateinvesting so we can figure out the best plan for it.
Nice video, I got your booklet on places to call for tax sell maybe five years ago, do you have an updated version or can you do a video about where the best place to look for the best return? Thanks again
Awesome! Yeah we haven't updated that in a while, but a lot more of the counties are doing online stuff now so with a quick google search you should be able to get all the data you need!
Great question! Yes, it does matter. Exemptions, such as agricultural (AG) exemptions, can impact the tax status and bidding process of a property. Each type of exemption may have specific rules and protections that affect tax lien and deed sales. It's important to understand how these exemptions work in your area before investing.
If you paid $10,000, then they would have to pay you $12,500 to redeem it. If they don't redeem it, then get a Realtor and sell it on the MLS for marketing value. It could be worth $30k!
New to the idea, but I would be buying my first as a primary residence. If there is a mortgage for the property, who is responsible for it? For instance, I see a home, I win the auction and get the deed for $40k. The pervious owner still owes $200k on the mortgage. Am I now responsible for paying that mortgage, or is the $40k I pay all the property will cost me? And the mortgage still lies on the pervious owner?
@@DustinHahnREI hi dustin! since there are 3 types of sales do all of them wipe out the mortgage or only the ones done by the state? for exemple do hoa sales wipe out the mortgage and taxes owed to the state ? and do bank foreclosures wipe out backed taxes and hoa?
Not all properties get sold at tax lien and deed auctions. Unsold properties may be re-offered at future auctions with a lower minimum bid. In some jurisdictions, they can be purchased directly from the county in over-the-counter sales. If properties remain unsold after several attempts, the county may retain ownership and use them for public purposes. Additionally, sales can sometimes be negotiated with interested buyers outside of the auction process.
I am looking to purchase a property that has a mobile home on it. The sale is only for the land. What are the implications of purchasing a property like this?
sir you are incorrect you can not sell the property period full stop during redemption. you have limited possession rights to maintain safety but you can not sell. you would not be able to produce a warranty deed or get marketable title
Hey Sensere! You can actually sell it, but you are correct in saying you can't get a warranty deed or remarketable title. There aren't a lot of buys who would buy it, but if someone really wants the property, you are able to transfer the deed, but you wouldn't be able to get title insurance or anything until the redemption period is up. Thanks for the comment!
I need some help w a relatively dirty Tax lien I got from Harris County Tx. Paid lineberger, etc. the guys that hooked me up is a conman and I shouldn’t have dealt with him again. A lawyer thinks the prior deed is dirty and is not sure if I’m SOL. I gave Harris Cty. Their 30k and misc. signed by a county official . Do I need a lawyer to foreclose. Been 14 months now? Happy to pay for help. Regards
as an out of state investor, who would rather have the properties redeemed and receive my 25% do you have a strategy? Oregon, my home state does not have this type or deed option. I hear alot about "most" properties being redeemed -- you seem to think differently.
Hey! Generally the mortgage gets wiped at the sale, but if you are buying a property with a mortgage, just make sure you get it cheap enough so that it's still profitable!
