The Tax Deed Game: How to Score Big Like a Pro

In tax deed investing, patience is more than a virtue; it’s a strategy. Remember, counties will often wait 12 months before taking any action on unpaid property taxes. Use this time to do your homework and prepare for the auction.

The Foreclosure Process: Your Friend and Foe
Foreclosure is a double-edged sword. On one hand, it’s a legal process that can take 6 to 7 months, giving property owners and banks time to protect their interests. On the other hand, it’s your ticket to acquiring properties at rock-bottom prices.

The Auction Types: Live vs. Online
I love Texas auctions, especially the live ones. But did you know that some Texas counties are now doing online auctions? Being tech-savvy can give you an edge, as I found out in Orange County, Texas.

The Final Bid
When you’re at an auction, know your max bid. Stick to it. I’ve seen too many new investors get caught up in the excitement and overbid. Don’t be that person.

The Endgame: What to Do with Your New Property
Once you’ve won the auction, the world is your oyster. You can sell it, rent it, or even keep it. The choice is yours, and the sky’s the limit.

Parting Wisdom
Remember, if you want to score a goal, you’ve got to be playing the game. So get out there, start bidding, and make your property investment dreams come true.

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Tax Sales Rules in West Virginia

Sales Type: Tax LiensFrequency: AnnualInterest Rate: 12%Penalty: NoneRedemption Period: 18mo. RedemptionBid Method: Premium Bid Are you a real estate investor or homeowner in West Virginia

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