How to make money and or buy properties at the Indiana real estate tax sales!

Lee’s Notes: This is another interview from Jon Zorer with Michael Keefe, a real estate investor near atlanta GA who specializes in buying and or investing in real estate via buying tax deeds or liens at real estate tax sales. 

Would you like to make high interest return or buy a property for pennies on the dollar? Michael Keefe talks about buying homes at tax sales. Each state varies on their returns, and timelines involved, but this is another highly creative way to get great returns on a real estate investment in Indianapolis or wherever.

The general principle is that you purchase the property at a tax sale. The owner has a certain amount of time to buy-back the property(1 year generally) with interest of around 10-25%. During this redemption period, you(as the investor) can’t really do anything with the property(put a tarp over a leaky roof maybe, but no renovations are recommended). If the owner doesn’t redeem, then you can file the appropriate paperwork(s) to get the deed in your(or your companies) name, and then that home in Indianapolis is all yours! This all depends on your local state laws regarding tax liens/deeds, but you get the picture. Definitely want to check with your local real estate attorney or another real estate investor to find out all the bonuses and pitfalls, but overall a great way to put your money to work for you!