Learn more about the due diligence, or research, process from our Tax Sale Starters series.
How To Do Due Diligence On Mobile Home Tax Deeds/Liens
Due diligence on mobile home properties is a bit more complicated than other property types. This is because it may or may not include the land that the mobile home is listed on. Be sure you understand and know what you are getting in your purchased tax lien!
Careful, That Tax Lien May Not Be What You Think
It's important to understand what is included in the parcel that you are bidding upon. For example, will it have the improvement and the land or both? Research is necessary to determine what you are purchasing!
Do Million Dollar Properties Exist for Pennies on the Dollar?
If it sounds too good to be true, it probably is...learn why!
How to Find Tax Sale Lists
Tax sale lists are available on county websites and in newspapers across the country so you can search for each list individually. Or, there is a better way so listen to find out how to get lists efficiently like the institutional investors!
How to Keep Due Diligence Simple
What are the key pieces of data to help keep your initial due diligence fast and easy? Check out the PVMEP model to quickly narrow down your parcels.
How do Online Auctions Work?
It's important to understand that all online auctions work independently. Be sure to review each auction sites' bidding requirements as well as the individual county's separate requirements for purchasing and participating in that sale.
How to Conduct Manual Due Diligence
Manual due diligence is time consuming, but it is feasible. Tax Sale Resources shows you which data pieces may be important and how to create your own worksheet.
Why are Tax Sale Result Lists Important?
It all comes back to your strategy. Learn how you can use tax sale results of past sales to build your strategy and investment criteria in each market.
Can You Inspect Property Prior to the Auction?
Short answer is yes, but there are a variety of ways you can actually inspect and check out a property before the auction. What's legal and not legal? Find out more!
What Does APN Mean?
Mica Coleman, founder of Leverage, explains why an APN number is so important and why you need it for investing. This is Assessor Parcel Number is an integral part to your investment process!
How Do I Get State Sales Lists and What Does This Mean?
Once you have decided on the state you want invest in, you then have to figure out how to get the sale list for that sale to decide what you want to bid on? Each state and county releases their auction lists at different times so learn how to get started.
What are the Average Bids and Why Does it Matter?
Figuring out the average bids from a past sale in a market you are exploring will really help you decide if a market fits your investment strategy. Learn how to get this information to build out your investment models.
How Do I Conduct a Property Inspection on an Out of State Property?
There are many online ways you can check out a property to ensure it still exists, but the bottom line is that it's important to take the extra steps of making sure your property hasn't been demolished. Learn how.
How Do I Find the GIS Mapping on a Property?
GIS mapping is an important part of the due diligence process so that you can determine ownership and parcel boundaries. There are times that a county doesn't have it online so Tax Sale Resources can help when this occurs!