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Seven Tax Auction Techniques & Strategies Every Real Estate Investor Should Know
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Tax auction season is upon us, and that means it's time for real estate investors to start brushing up on their strategies. Tax auctions are a great opportunity to snag properties at a fraction of their market value, but they can also be fiercely competitive. To stand out from the crowd, investors need to bring their A-game. Here are seven tax auction techniques and strategies that every real estate investor should know:
1. Read the fine print. Tax auction rules and regulations vary from state to state, so it's important to do your homework before diving in. Otherwise, you could end up getting burned.
2. Know your limits. It's easy to get caught up in the heat of the moment and bid more than you can afford. Before heading to the auction, set a firm budget and stick to it.
3. Do your research. Tax auctions are often won by the highest bidder, but that doesn't mean you have to go in blind. Take some time to research the property beforehand, so you know what you're getting yourself into.
4. Stay calm. Auctions can be stressful, but it's important to keep your cool if you want to win. If you get too wrapped up in the
Listen to the podcast to learn the last three.
The RADD Podcast: Explore Wealth is an exploration of Wealth, Finance, Business, and Entrepreneurship. Hosted by Dutch Mendenhall, founder of RAD Diversified and visionary behind the American Survivalist Project. The Topics of Discussion include Alternative Investments, Real Estate, Tax Auctions, REIT‘s and more. Episodes posted weekly, enjoy.
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Dutch Mendenhall
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