VIEWS: 5 PAGES: 1 POSTED ON: 4/23/2011
?A single crucial defining factor distinguishes tax deed properties from tax lien properties. When you win the bid on a tax deed property, it officially becomes yours. You can then immediately proceed to sell or rent the property for your own monetary benefit. This differs from tax lien properties, for which the previous owner is given a redemption period in which to pay their back taxes. Available Types of Tax Deed Properties Tax deed properties fall into one of four possible zoning categories. Residential tax deed properties involve homes and residential lots. Commercial tax deed properties are business or lots that are eligible to house a business. Agricultural and industrial tax deed properties also exist. The commercial and residential options are without doubt the lower-risk avenues for investors to pursue. Industrial real estate often requires extensive clean up and repair that can outweigh the property's earning potential. Residential and commercial lots are much more easily leased or sold, while the sale of an industrial property is more likely to get bogged down in red tape. Determining Property Zoning To find out how a property is zoned before you drive down to the auction, contact the county holding the auction and inquire, or visit their website if they have one. The property's appraisal records are also accessible from the country records. Tax Deed Properties: The Possibilities Don't be dissuaded by any woeful tales you might hear from embittered ex-investors who shirked their research. If you put a little effort into some careful investigation, you needn't fear getting saddled with a dilapidated industrial lot or other such frustrating scenarios. You'll be able to enjoy the exciting and profitable side of tax deed property investing. Making a substantial income off tax deed investing is actually fairly simple and does not require luck or years of experience. It just requires the willingness to do through research. You already know how this. It's just like comparing prices and taking test drives when you buy a car-a few simple steps in research before you bid on a property and you'll be well on your way to success. Brent Crouch is the owner of TaxLienProperties.net. He has dedicated this site to providing information on purchasing tax lien properties at pennies on the dollar. http://www.taxlienproperties.net
"What Are Tax Lien Properties-"