A Guide on How to buy tax deeds, including OTC tax deeds – Tax Sale Support

1. Tax Sales Support - Utah Visit us: https://www.taxsalesupport.com A Guide on How to buy tax deeds?, including OTC tax deeds – Tax Sale Support Over-the-Counter (OTC) tax deeds refer to properties that have failed to sell at a tax auction and are subsequently made available for purchase directly from the county or municipal government. When properties don't sell at a tax auction, they become part of the county's inventory of delinquent properties. These properties can then be sold directly to interested buyers through an OTC sale. Here's a Guide on how to buy tax deeds, including OTC tax deeds: 1. Research: Start by researching properties available for sale through OTC channels. Many counties have websites where they list these properties, along with relevant

2. Tax Sales Support - Utah Visit us: https://www.taxsalesupport.com information such as location, assessed value, outstanding taxes, and any other liens or encumbrances. 2. Due Diligence: Once you identify a property you're interested in, conduct thorough due diligence. This may include visiting the property, assessing its condition, checking for any outstanding liens or mortgages, and estimating repair costs. 3. Finances: Determine how you will finance the purchase. OTC tax deeds often require payment in full at the time of purchase, so you'll need to have funds readily available. 4. Submit Purchase Offer: Contact the county or municipality responsible for selling OTC tax deeds and inquire about the purchasing process. In many cases, you'll need to submit a formal offer or bid for the property. 5. Complete the Purchase: If your offer is accepted, you'll need to complete the purchase according to the county's requirements. This typically involves signing paperwork and paying the agreed-upon purchase price, as well as any additional fees or taxes. 6. Transfer of Title: After completing the purchase, the county will transfer the title of the property to you. Make sure to follow up with the necessary paperwork to ensure the transfer is completed correctly. As for profiting from OTC tax deeds, there are several potential strategies: 1. Rehabilitation and Resale: Purchase properties at a discount, invest in renovations or improvements, and then sell them at a higher price. 2. Rental Income: Rent out the property to tenants, generating a steady stream of rental income. 3. Flipping: Purchase distressed properties, quickly renovate them, and sell them for a profit. 4. Land Banking: Hold onto the property as an investment, waiting for its value to appreciate over time. It's important to note that buying OTC tax deeds comes with risks, including potential liens or encumbrances on the property, as well as the possibility of needing to deal with

3. Tax Sales Support - Utah Visit us: https://www.taxsalesupport.com delinquent tenants or property maintenance issues. Conducting thorough due diligence and consulting with legal or real estate professionals can help mitigate these risks. For OTC tax deeds support you can contact to "Tax Sale Support," services related to tax sales or tax deed investing. You can contact our Tax Sale Support consultant with them directly for more specific guidance or assistance in this area. Contact Us: Tax Sales Support 1394 W State St, Pleasant Grove, UT 84062 https://www.taxsalesupport.com/ Contact us: (800) 425-8068 Email: maria@taxsalesupport.info Business Profile: https://maps.app.goo.gl/MTc7NUW7aLy2wN8fA Follow-us on: https://www.facebook.com/TaxSaleSupport https://twitter.com/TaxSale101 https://pinterest.com/TaxSaleSupport https://youtube.com/user/thetaxlienspecialist https://linkedin.com/company/tax-sale-suppport/