Short YouTube “Coffee Talk” by Mark J. Podolsky (the Land Geek) explaining how to find inexpensive land via tax deed auctions. He defines tax deed auctions (counties auction properties when owners don’t pay taxes), describes how minimum bids can be extremely low (examples: $50–$100), notes that competition for houses has increased while raw land can still sell very cheaply (he bought land for $1 in Southern Arizona at a tax sale), and points viewers to two paid listing services (taxsalelists.com and etaxsales.com) and his site thelandgeek.com for more info.
Questions this video answers
June 10, 2013
taxsalelists.com; etaxsales.com
$50 to $100
Southern Arizona
Chapters
Hey, it's Mark Podolski, the land geek. You can find me at www.thelandgeek.com. let's have a cup of coffee. So in this episode of Coffee Talk, last time we talked about offers and making offers. Today let's talk about one of my favorite ways to get deal flow and that's going to actual tax deed auctions. And they're all over the country. So what's a tax deed auction? You own property. You don't pay your taxes. The county says after this date, if you don't pay your taxes, we're going to auction that property to get ourselves the county reimbursed for those back taxes. And sometimes the minimum bid can be only $50, $100. It's crazy low. So people go to these auctions and they start bidding it up and property can go very, very low. Housing becomes very expensive and very competitive. You've heard of all the stories about buying houses at the courthouse steps at ridiculous prices. Well, now it's really competitive. As the markets heated up, either come there with, you know, 150, $200,000 cash. Well, land is much, much less expensive. I bought property for a dollar before in Southern Arizona and at tax sale auctions. So my tip of today is there's two places to find out where these tax auctions are happening. The first one is taxsale lists.com and the second one is etaxsales.com both of them charge a little bit of money, but it's worth it. So get out there, start buying property pennies on the dollar at tax sale auctions. Anyways, if you want to learn more, go to www.thelandgeek.com. subscribe to our newsletter. You're going to find this information fascinating and we'll give you more tips next time. Enjoy that coffee. Thank you.
