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How Do Real Estate Taxes Really Work in Houston?

Interested in profiting from real estate but looking for an alternative to mortgages, foreclosures, tenants, or flipping real estate?  Purchasing the right to collect on delinquent real estate taxes can be a lucrative investment even with limited capital.

 

Countries generally assess taxes on real estate to owners every year and allow payments with certain dates. The bill is assessed based on property values and can range from several hundred dollars to several thousand dollars. If the they are not paid when due they become delinquent and the county can charge interest. The Nettles & Co Property Tax Consulting has been working hard to reduce the burden of property taxes for individuals, investors, asset managers, banks, and realtors.

 

When the property owner pays retribution to the area, investors receive their initial investment plus interest. The permitted interest varies by regions but runs between 5-18 percent per year on average. If a property owner fails to pay delinquency within the required period of time, investors can begin the process to get a deed to property. Liens tax generally has priority over all other property debt, including mortgages.

 

Before making a thorough investment researching the property to confirm it can be marketed and to avoid problem. Make sure the property value is far exceeded the county tax bill.  A general rule of thumb is a property value at least ten times the amount owed. 

 

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