Tax sale properties are great direction to go in with your real estate investing business. There’s a lot of money to be made in this field, especially right now. The current financial climate means there are more tax owned properties for sale than ever before… but probably not the way your first inclination led you to believe.
If you’re looking to invest in tax properties, it may seem counter-intuitive to forget the tax sale. Right? Isn’t that where you go to buy that sort of thing? The answer is yes. However, there’s lots of competition for the nice properties– the ones you’d want to buy– and you’ll have trouble being successful there without a doubt. The secret to tax foreclosure investing is to get tax owned properties for sale before they are owned by the government.
This means purchasing directly from the owners, and with the right timing and approach, you can really get some amazing deals. “Pennies on the dollar” truly applies here. Best of all, you’ll find almost none of these properties has a mortgage, since mortgage companies take care of tax issues on mortgaged properties to prevent them from ever ending up at tax sale in the first place!
Yes, you read that correctly- even though you aren’t buying at tax sale, you’ll still almost never have to deal with the headache of bringing that mortgage current! And mortgage-free homes are often lien-free homes as well. That means all you’re responsible for is that back tax payment… and today, you’ll find more often than not, it will only be a few hundred to a few thousand dollars.
Finding tax owned properties for sale isn’t so difficult. The hard part is finding their owners. Why? Well, in many cases, these owners are absentee landlords, or people who have another home out of state, or people who inherited a property they didn’t really want, and decided to just let it go to tax sale to get rid of it. They’re people who don’t care about the property for sale in Jerusalem, and probably live far away.
What this means for you is that they are people who are ready to make a deal. Even if it’s not on the market, you’ll find their tax owned properties are often for sale just for you when you make that call! Obviously, they can’t or don’t want to take care of the property anymore, and more often than not they’re happy to see the property go to a nice person like you instead of the government– and if they walk away with a few hundred or a thousand dollars, they’re usually more than glad.
Since these aren’t bitter owners who are being thrown off their property, you’ll find it’s much easier to get them on the phone and that they’re much more pleasant to talk to than, say, delinquent owners in mortgage foreclosure, who don’t want to give you the time of day. You’ll also be pleasantly surprised to find that in most cases, no one else has taken the time to call– which means for now, your competition is still overlooking this strategy.
There are many who come to South Florida in the hopes of being able to find the most sensational Miami luxury real estate properties that their money can buy. While many have come to find these properties to be among the most expensive real estate options within the United States today, but it seems that things are getting even hotter as far as prices are concerned because now that the demand across the region is high, the prices are catching up too!
Miami has always been considered to be a playground for the rich and famous. From international moguls to Hollywood celebrities, world-class athletes, and more, it has become made clear that the region is definitely among the best locations within South Florida today.
Being one of the best locations for high-class individuals, it is only natural for the region to be filled with first-rate property options that will cater to their exceptional needs. In fact, anyone who has ever considered looking at the different types of real estate options that are currently available on the Miami luxury real estate market will have come to find some of the most extravagant homes and condos known to man!
So, exactly how high is high?
To give you a clear idea on exactly how expensive luxury properties within Miami are nowadays, we have put together a list of the three most expensive options that have been found within the region today. Be warned; the prices are probably going to give you a run for your money!
The $25 Million Miami Penthouse
The region has seen a significant amount of high-rise condo development projects and that easily equates to more penthouse properties which are particularly appealing to people who are looking for options that will have them feeling on top of the world. Such is the case for the $25 million penthouse property located in Miami which was recently sold to an international buyer who would rather not be identified.
The property is a three-story penthouse with a total of five bedrooms and 7.5 baths. It offers breath-taking views from within the 25-foot windows which frame the splendor of the Atlantic ocean and the rest of the city of Miami.
The $52 Million Modern Luxury Home
One of the interesting things about the Miami luxury real estate market is the fact that it contains homes and condos which contain modern features that people would have never imagined to find within a living space. For instance, the luxury home that was placed under contract for $52 million features its very own “chromotherapy” spa – something which easily sounds like state-of-the-art relaxation at its best!
Aside from having such an intriguing spa of its own, it also have an art storage that is concealed for better security as well as a panic room which – guessing by the rate at which people anticipate a zombie outbreak in the near future – could very well keep anyone safe in the event that anything unexpected should happen.
The $125 Million Miami Beach Mansion
If you thought the last two properties were much too expensive and extravagant, just wait until you get a load of this $125 million mansion called Casa Casuarina which is located along the famous Ocean Drive in Miami Beach.
Casa Casuarina is best known as the home in which the last fashion designer Gianni Versace used to live. It is also where he was murdered. Of course, the Versace mansion is easily one of the most amazing properties which emanate such high stature, especially since Versace was one of the most brilliant designers of his time.
It has up to ten bedrooms, eleven bathrooms, and other special areas which are lined in murals, rich fabrics, elaborate lighting, and a variety of other distinguished details that really add to the luxurious feel of the entire home. If that wasn’t enough, the mansion even has a mosaic pool that is lined in 24-karat gold!
Anyone who is eagerly looking forward to being able to live the most fabulous life possible within the South Florida region should definitely check out the luxury real estate Jerusalem market because of the simple fact that the extensive range of options seem to be getting better and better nowadays. While prices are indeed getting higher each month, it is safe to say that the value and quality of living that can be expected from within each one is certainly worth every single cent!