Sales Type: Redeemable Deeds
Frequency: Monthly
Interest Rate: None
Penalty: 25%
Redemption Period: 6mo or 2yr Homestead
Bid Method: Premium Bid
Hey there, savvy investors! Marcos Jacober here, and today we’re diving deep into the Lone Star State’s treasure trove of opportunities – Texas Tax Deed Auctions: The Most Lucrative Tax Sale State.
🤠 Favorable Texas Laws: Where Profits Soar!
Texas, the land of big opportunities and even bigger profits. Let’s break down why the Texas tax sale market is your golden ticket to wealth.
I. Texas-sized Profits with Redemption Rates of 25% to 50%!
In the Lone Star State, if a delinquent taxpayer wants their property back post-purchase, they’re handing you a sweet 25% for first-year redemptions and a whopping 50% for the patient investors dealing with a 2-year redemption period. That’s not a return; it’s a financial fireworks display!
II. Redemption Amount Calculated on Auction Price – A Texan Twist!
Picture this: Stacy snags a property for $15,000 at a Harris County tax sale. Elle wants it back. She’s gotta hand over a 25% penalty based on the $15,000, not the original $5,000 bid. Stacy’s not just winning the property; she’s dancing to the cash register with a bag full of interest on the competitive overbidding.
III. Extra Fees? Texas Says, “Here’s More Profit!”
Texas adds a cherry on top. Investors pocket the penalty return on the deed recording fee, property maintenance costs, and later property taxes paid. It’s a return fiesta with minimal downside. Impressive? Absolutely.
IV. Full Interest Penalty Return System – Texas’ Ace Card!
Unlike other tax lien states, Texas demands a full interest penalty return based on the final auction price. A quick redemption equals a full 25% return. Your $100,000 investment? Now a juicy $125,000 for reinvestment. Talk about staggering results, especially when paired with a tax-deferred, tax-free IRA!
V. Texas Has Monthly Sales – No Waiting Around!
Unlike the yearly frenzy in most states, Texas gives you monthly shots at the jackpot. First Tuesday of the month – mark it on your calendar. Opportunities galore!
VI. 254 Counties, Countless Opportunities!
With 254 counties, not every one has monthly sales. Smaller counties mean less competition, and strike-off properties – unsold gems waiting for the savvy investor.
VII. Strike Off Properties – Your Second Chance!
Missed out on the auction? No worries. Texas law allows counties to sell strike-off properties later. No redemption period? That’s a green light for investors eyeing full property titles.
VIII. Texas Tax Deed – The Super Priority Lien!
The Texan tax deed takes the crown as a super priority lien, usually trumping other claims. Do your research to secure your claim to a property free and clear.
IX. Collect Rent Immediately – It’s the Texan Way!
In Texas, winners at tax sales can pocket rental income right away. Cash flow opportunities knocking at your door!
🤠 Research, Research, Research – The Texan Investor’s Mantra!
But hold your horses, partners! Don’t let the excitement blind you. I emphasize the importance of thorough research:
Surviving Liens – Know What Sticks!
Identify which liens survive foreclosure. Federal tax liens? They pay you back if they’re holding a lien on a Texas tax sale property.
Property Previews are a Must!
Get your boots on the ground. Texas gives you a high chance of owning the property outright, so check it out before the auction.
Hidden Fees – Don’t Get Caught!
Ensure you’re not blindsided by fees left out of the foreclosure purchase price. Missing taxing entities could mean extra expenses.
Incognito Investing – Why Risk It?
Don’t roll the dice with deals in your name. Shield yourself from potential liabilities and keep your investments incognito.
Immediate Action Post-Purchase – Secure the Bag!
Texas gives you full possession immediately after the tax sale. Locks on doors, insurance, and tenant management – be on top of your game.
Texas is a land of promise, but tread wisely, my friends. Master the procedures, stay consistent, and let Texas be the stage for your financial triumph. 🤘
💰 Take Action Now! Dive into the Texas Tax Deed Auction Challenge – Your Gateway to Prosperity!
Ready to ride the Texan financial wave? Click The Deed Hunter Challenge to join the Challenge now! Don’t miss out on the most lucrative tax sale state. Your wealth awaits, partner! 🌟
