Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Tax Sales for Rookies: A Beginner’s Guide to Understanding Property Tax Sales
    Tax Sales for Rookies: A Beginner’s Guide to Understanding Property Tax Sales
    Tax Sales for Rookies: A Beginner’s Guide to Understanding Property Tax Sales
    Ebook44 pages18 minutes

    Tax Sales for Rookies: A Beginner’s Guide to Understanding Property Tax Sales

    By Steve Kon

    ()

    Read preview

    About this ebook

    The following are the core information reader will learn from this educational manual:
    • Define what is a Tax Sale for real estate
    • Learn types of Tax Sales
    • Learn pros and con of Tax Sale
    • Understand the difference between Tax Deed vs. Tax Certificate
    • Learn how to research properties before bidding on property
    • Understand county and state laws pertaining to tax sales
    • Understanding investors goals of participating in sale
    • Types of Tax Sales
    • Learn Tax Sale process
    • Learn how to proceed to obtaining a Deed from Tax Sale
    • Understanding terms and definitions
    LanguageEnglish
    PublisherAuthorHouse
    Release dateJun 25, 2021
    ISBN9781665522236
    Tax Sales for Rookies: A Beginner’s Guide to Understanding Property Tax Sales
    Author

    Steve Kon

    Below are the key attributes of Steve Kon. • Real Estate Investor for 33 years • (Invested nationally) • Presently operate property management company • ( Expertise Residential 1-10 units) • Owned construction company from 1988 - 1998. Extensive construction background. • Real Estate Agent and Managing Broker (1998- Present) • Previously licensed to instruct classes for students studying to be realtors in Illinois • Previously used Tax Sales for Rookies to teach Continuing Education class in Illinois • Invested in properties to acquire real estate through tax sales • Committed my professional life to real estate • Graduated from University of Illinois in Chicago in 1998 • Spent most of my life living and working in Chicago area

    Related to Tax Sales for Rookies

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      15 Best Foreclosure Sites for Finding Properties

      Jan 6, 2021

      You may remember that foreclosures were a big part of the Great Recession. As the economy cratered, foreclosure filings soared. In the first half of 2010 alone, 1.65 million U.S. homes spun into foreclosure, according to data from ATTOM Data Solution

      3 min read

    • Article

      Equifax Data Breach Settlement: What You Need to Know

      Jul 24, 2019

      If you're one of the roughly 147 million people whose sensitive personal information was exposed in the 2017 Equifax data breach, get ready to claim your share of the relief. The credit bureau has agreed to a settlement of up to $700 million with the

      4 min read

    • Article

      How to Create Your Own Pension

      Aug 30, 2018

      Those who don't have a traditional pension -- and that includes most of us -- are frequently envious of those who do. What could be better than a guaranteed paycheck that lasts as long as you live and is unaffected by the vicissitudes of the stock ma

      4 min read

    • Article

      HOW TO... Get Off A Blacklist

      Sep 23, 2019

      HOW TO... Get Off A Blacklist
      2 min read

    • Article

      A Decade After The Bubble Burst, House Flipping Is On The Rise

      Apr 17, 2018

      House flipping is at an 11-year high in the U.S. New research shows borrowers with good credit like flippers, and not subprime borrowers, were mainly responsible for the crash. Is another bust coming?

      5 min read

    • Article

      Own a Gun? Careful: You Might Need a Gun Trust

      Feb 6, 2019

      If you're not a gun collector, you likely haven't heard the term "gun trust." Even if you are, you may not understand what a gun trust is, how it works or how it can be of use in an estate plan. A gun trust is the generic name for a revocable or irr

      4 min read

    • Article

      Why I Love My Whole Life Insurance Policy

      Aug 2, 2018

      At any given family or social event, once someone knows I am a financial planner I always get pulled to the side to answer some burning personal finance question. I can sympathize with doctors. I usually get asked about the market or some stock, but

      3 min read

    • Article

      How To Get A Good Credit Score

      Oct 20, 2022

      How To Get A Good Credit Score
      4 min read

    • Article

      Taking A Closer Look At Income Recognition

      Mar 3, 2022

      When it comes to tax, much of the focus is on minimisation, but of equal importance is understanding the process by which it becomes payable and falls due. Ensuring the right amount of tax is paid at the right time minimises penalties and money inter

      3 min read

    • Article

      The Impact Of Tax Changes On Investors

      Aug 30, 2023

      Q Are the changes to the tax deductibility rules having a real effect on investors yet and how can investors prepare for the next round of tax bills? A The short answer is “yes” – the interest non-deduction rules are affecting investors. At present o

      6 min read

    • Article

      The World Of Rent-to-buy Deals

      Mar 29, 2023

      Q Our tenant has approached us asking if we would enter into a rent-to-buy agreement. Are these common and are there any fish hooks? A Rent-to-buy (or rent-to-own) agreements have been gaining popularity in recent years. There are some scheme provide

      6 min read

    • Article

      Reno Rules For Tenants

      Jan 29, 2020

      Matthew Gilligan is a property investor, developer and tax adviser. He is managing director of chartered accounting firm Gilligan Rowe & Associates, where he heads the specialist property and asset planning divisions. Bernard is principal of Quinovi

      6 min read

    • Article

      Thinking of Selling Your Business? 2 Steps to Get the Best Price

      Jun 5, 2020

      Throughout the country, hundreds of thousands of business owners are struggling to cope with the massive impact of the coronavirus shutdown. Most will soldier on, helped by the government's relief measures, but a minority will likely decide that it'

      3 min read

    • Article

      Selling Your Stuff: The Tax Dimension

      Apr 26, 2019

      The anti-clutter mantras of Marie Kondo and others are convincing thousands of people to empty their attics of the stuff they've collected over the years and sell the more valuable items on eBay or Facebook Marketplace. In general, the IRS doesn't

      4 min read

    • Article

      4 Things To Know About A Second Property

      Mar 4, 2022

      Mortgage applications for buy-to-let properties increased substantially last year. A second property can be a really good investment, but you need to understand the expenses and pitfalls before you sign on the dotted line. Here are some things to kee

      3 min read

    • Article

      Which Documents Should I Save, Which Should I Shred?

      Feb 24, 2022

      The IRS, which is dealing with a backlog of unprocessed tax returns dating back to 2020, has urged taxpayers to file their returns electronically. But filing electronically doesn’t stop the clock on potential audits, nor on your right to file an amen

      7 min read

    • Article

      Rental Replacement

      Dec 19, 2019

      Matthew Gilligan is a property investor, developer and tax adviser. He is managing director of chartered accounting firm Gilligan Rowe & Associates, where he heads the specialist property and asset planning divisions. Bernard is principal of Quinovi

      6 min read

    • Article

      Tax Deductions Are Like Hairy Lollipops

      Apr 10, 2020

      Investors often get excited for anything that may reduce their tax liability, including deductions and write-offs. Tax deductions, however, in many cases can be like a hairy lollipop. From a distance the lollipop looks delicious, but as you get clo

      3 min read

    • Article

      4 Facts About Bridge Loans

      Dec 30, 2022

      PEOPLE who are in the process of selling property often use bridge loans (aka gap financing) to cover the expenses for their new home while their current one is being sold. Costs financed this way usually include a deposit on a new property, property

      3 min read

    • Article

      Want to Pay 0% in Taxes? Here’s How

      Aug 23, 2021

      One of the greatest expenses business owners and retirees alike face is income taxes. That’s why a forward-thinking tax planner is so valuable. They can leverage the Internal Revenue Code (IRC) to lower your taxes and help you build wealth. However,

      6 min read

    • Article

      Stake Your Claim For A Bonus

      Apr 28, 2022

      Australians love property, and not just their homes. Many also see investing in property as a great way to build wealth. If you’re a landlord, the yearly tax claim is a way of maximising returns. It’s important to claim all you are entitled to, but i

      3 min read

    • Article

      Trusts: Bluffing Just Got Harder

      Jul 30, 2020

      I have been genuinely surprised recently by the number of baby boomers who are seemingly considering winding their trusts up as they move into retirement. Often stating they “don’t need them anymore” or are tired of the administration and the cost of

      3 min read

    • Article

      A New Tax Break for Rental Income

      Jan 2, 2020

      Renting out property can create a retirement income stream that is Uncle Sam friendly. The federal tax law is replete with breaks for landlords, and the 2017 tax law created a new write-off that mSelf-employed individuals and owners of S corporations

      2 min read

    Related categories

    Reviews for Tax Sales for Rookies

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Tax Sales for Rookies - Steve Kon

      © 2021 Steve Kon. All rights reserved.

      No part of this book may be reproduced, stored in a retrieval system, or transmitted

      by any means without the written permission of the author.

      AuthorHouse™

      1663 Liberty Drive

      Bloomington, IN 47403

      www.authorhouse.com

      Phone: 833-262-8899

      Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed

      since publication and may no longer be valid. The views expressed in this work are solely those of the author and do

      not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

      Any people depicted in stock imagery provided by Getty Images are models,

      and such images are being used for illustrative purposes only.

      Certain stock imagery © Getty Images.

      ISBN: 978-1-6655-2224-3 (sc)

      ISBN: 978-1-6655-2223-6 (e)

      Library of Congress Control Number: 2021907301

      Published by AuthorHouse  04/29/2021

      15098.png

      TAX SALES FOR ROOKIES

      - COURSE OUTLINE

      I. WHAT IS A TAX SALE?

      II. MAIN REASONS TO PURCHASE TAX CERTIFICATES/DEEDS

      III. TAX CERTIFICATE VS. TAX DEED

      IV. PROS VS. CONS

      a. PROS

      b. CONS

      V. TYPES OF SALES

      a. ANNUAL SALE

      b. SCAVENGER SALE

      c. TAX DEED SALE

      d. RE-OFFER TAX SALE

      e. OVER THE COUNTER PURCHASE

      VI. QUESTIONS TO ASK PRIOR TO PARTICIPATING IN A TAX SALE

      a. What is the goal of the investor?

      b. How much money should the tax buyer invest at the tax sale?

      c. What

      Enjoying the preview?
      Page 1 of 1