Events: The Montgomery County Alabama Delinquent Tax Sale, June 6 – 7, 2012

Events:  The Montgomery County Alabama Delinquent Tax Sale, June 6 – 7, 2012

The Montgomery County Alabama delinquent tax sale is the biggest county tax sale here in the River Region every year, and this year the delinquent tax sale will be June 6th – 7th.  I was talking to one of my clients who read my previous post about the two Alabama delinquent tax sale classes we’re holding this Saturday, June 2, and she asked me, “Can you REALLY buy houses at the delinquent tax sale?”

My answer to her was, of course, yes you can.

When I first met this client, she told me that, once she bought her house and settled in, she wanted to sit down with me and talk about buying investment property.  She wasn’t in a hurry, and she didn’t have a lot of money, but investing in real estate is something she had wanted to do for a long time.  She had heard about buying delinquent tax sale properties, and she told me that she is now interested in learning more about them.

She knew that delinquent tax sale properties were an investment, but she didn’t understand how the process worked, how much the delinquent tax sale properties cost, what you get at an Alabama delinquent tax sale, and how much money she could make from these delinquent tax sale properties.

That’s when I told her that you can often times buy these Alabama delinquent tax sale properties for just the amount of taxes due, and that, in Alabama, the law gives tax sale investors a 12% annual interest return on the price they paid, on up to 15% of the property’s tax appraised value during the redemption period.  Twelve percent annual interest return.  Annually.  For every year during the redemption period.  That’s more than the stock market, more certainly than a savings account, more than the rate that property values are rising in the area, and more than just about any other investment plan or program out there.

Twelve percent annual interest return!  Guaranteed by law!

That got her attention, and it should have.

Alabama delinquent tax sale properties can be a very important part of your real estate investment portfolio.  But you can’t just go into the delinquent tax sale and start bidding without being prepared.  If you don’t know what you’re doing, you can lose your investment or even be sued!  It’s important for you to learn what you need to know BEFORE buying properties at the Montgomery County Alabama delinquent tax sale!

The Montgomery County Alabama delinquent tax sale is June 6th – 7th.  We’re giving two classes on June 2, just a few days before the sale, so that what you learn will still be fresh.  These classes will teach you how the process works, what you get at the delinquent tax sale, what you can and cannot do with Alabama delinquent tax sale properties, how mobile homes are different, all about redemption rights, things that can get you in trouble, and much more!  You NEED to know this information before you attend the Montgomery County Alabama delinquent tax sale on June 6th – 7th!  Don’t miss out and potentially make a very expensive mistake!

 

 

Events:  The Montgomery County Alabama Delinquent Tax Sale, June 6 – 7, 2012

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