Want to know if financing is ever offered for tax defaulted properties? Watch this quick video as we discuss our answer!
Transcript:
Hey, everybody! Casey Denman here with the TaxSaleAcademy.com, answering your weekly question. This week’s question comes from Josh. And Josh says, “Are tax sale properties able to be financed?”
Now, Josh, great question. A lot of people are actually concerned about the same question. The short answer to your question here is no. Tax sale properties are not able to be financed. Usually, when you buy a tax sale property, when you’re at auction, they want the money right then and right there in cash or a cash equivalent like a cashier’s check or a money order.
Now, with that said, there are a few auction companies in the United States that will allow you to pay for the transaction with a credit card, believe it or not. You can bid on a piece of property, and once you’re the winning bidder, you go and you check out and you literally slide your credit card as if you’re buying groceries at the grocery stores. But these companies are far and few between. Most government entities, they just want cash or its cash equivalent.
Now, inside the Tax Sale Academy, however, we do discuss a few creative ways and creative methods on how you can get that cash to start investing in tax sale properties. But again, the short answer to your question is no, the government does not offer any sort of financing for these tax sale properties.
Josh, I hope this has answered your question. If you’d like to follow up or if anybody else out there has any questions about tax sale investing, head on over to my website at TaxSaleAcademy.com. You can do that by clicking the blue link at the bottom of this video. Again, it will take you to TaxSaleAcademy.com. Submit your question, and it’s very possible I’ll give you a video response just like this one.
Take care, folks! Bye-bye.