Where to Buy Over-the-Counter Tax Deeds Today!

About this video

• Video Title: Where to Buy Over-the-Counter Tax Deeds Today!
• Channel: Dustin Hahn
• Speakers: Dustin Hahn, Josh Blanchard
• Duration: 53:55

Overview

This video explains how to find and purchase over-the-counter (OTC) tax deed properties, which are properties that did not sell at a tax deed auction and are now available directly from the county. The hosts, Dustin Hahn and Josh Blanchard, highlight the benefits of this method, such as acquiring real estate at significantly below market value without needing to bid at auctions. They provide specific strategies, resources like interactive maps and directories, and examples of successful deals, while also discussing potential pitfalls and the importance of thorough research.

Key takeaways

• OTC Tax Deeds as a Deal Source: Properties available over-the-counter are those that failed to sell at auction, offering a chance to buy directly from the county for back taxes owed, often at 80-97% below market value.
• Accessibility and Speed: OTC lists can be obtained immediately, allowing for quick entry into real estate investment, even from home.
• Resource Navigation: The video introduces the Tax Deed School website, specifically its "knowledge vault" with interactive maps, as a primary resource for finding OTC properties, with Minnesota highlighted as a key state.
• Direct Contact Strategy: The most effective method is to call county treasurer offices, inquire about tax deed sales, and ask for lists of unsold properties (OTC properties).
• "Leftover List" as a Search Term: For states like New York, using the search term "leftover list" can uncover valuable OTC opportunities that might not appear with standard searches.
• Philadelphia Auctions: Bid For Assets is presented as a platform for Philadelphia tax foreclosure auctions, featuring low opening bids and opportunities for assigning winning bids for profit.
• Due Diligence is Crucial: Emphasizing that not all properties at auction are tax sale properties, and thorough research, including checking for mortgages and other liens not wiped by the tax sale, is essential.
• Tax Deeds vs. Tax Liens: Tax deeds offer a faster path to ownership and wealth creation compared to tax liens, which can tie up capital for 2-3 years before potential foreclosure.
• Action and Consistency: The hosts stress the importance of taking immediate action and consistently dedicating time to research and outreach, even an hour or two a day, to build wealth in this business.