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Mohave County
Explore Mohave County, Arizona Tax Liens
Looking to start investing in tax liens? Consider Mohave County, Arizona. You can purchase tax liens at great prices and earn potential returns of up to 16%. This article will explain how you can make impressive returns on your investment by buying property for as little as $500.
Understanding Tax Liens in Mohave County
What is a Tax Lien?
In Mohave County, a tax lien sale allows investors to pay overdue property taxes for property owners in exchange for a lien on the property. This doesn’t mean the property is sold outright. Instead, it’s an opportunity for investors to help the county recover lost revenue and earn a return on their investment.
How It Works
Steps to Invest in Mohave County Tax Liens
1. Register Online
Visit the Mohave County Treasurer’s website and navigate to the Tax Liens section. Register for the current year’s sale to participate in the auction.
2. Research Properties
Before investing, research the properties thoroughly. Check the parcel list for details, inspect property conditions, and verify any title issues.
3. Participate in the Auction
The auction usually takes place in February. Bids are placed on the interest rate, starting from 16% and can go lower. Remember, all purchases at the auction are final.
4. Explore Over-the-Counter (OTC) Liens
OTC liens are those not sold at auction and can be purchased directly from the county. These can be valuable investments if researched properly. Always investigate why these liens went unsold to avoid potential pitfalls.
Pro Tips for Mohave County Tax Lien Investing
Interesting Facts About Mohave County Real Estate
Frequently Asked Questions (FAQs)
What is the redemption period for tax lien certificates?
The redemption period is three years.
What is the interest rate for tax lien certificates?
The interest rate can go up to 16% per annum.
When is the typical date for the tax lien sale in?
The tax lien sale typically occurs in February.
Can I buy tax liens online for Mohave County?
Yes, you can register and participate in the auction online through the Mohave County Treasurer’s website.
Useful Links
Investing in Mohave County tax liens can be a lucrative venture if done with careful research and due diligence. By understanding the process and exploring all available opportunities, including OTC liens, you can potentially achieve high returns on your investments.
Need a Hand?
If you need some guidance with this process, you can book a call with us here. We’re here to help you navigate the process, avoid common pitfalls, and potentially save you three to five years of trial and error.
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.