Investing in Brevard County Tax Liens and Deeds: What You Need to Know
Are you looking for a way to earn high returns on your investment? Tax liens and deeds in Brevard County, Florida, might be the answer. Imagine getting 18-36% returns or buying property for as little as $500. Let’s dive into the details of how you can start investing in Brevard County tax sales and make the most of these lucrative opportunities.
Tax lien and deed investing can offer significant returns compared to traditional investments. With low entry costs, it’s an appealing option for those looking to invest in real estate without spending a fortune.
Understanding Tax Lien Certificates and Tax Deeds
In Brevard County, when property taxes go unpaid, the county sells tax lien certificates to investors. Here’s how it works:
Tax Lien Certificates:
How They Work: When you buy a tax lien certificate, you’re paying the overdue taxes on a property. In return, you earn interest until the owner pays back the taxes.
Potential Returns: In Brevard County, the interest rate starts at 18% and decreases as investors bid. You can potentially earn significant returns if the owner redeems the lien.
What Happens if the Owner Doesn’t Pay: If the property owner doesn’t pay the taxes within two years, the county moves to a tax deed sale.
Tax Deeds:
How They Work: If the property owner doesn’t repay the taxes, the county auctions the property. The highest bidder wins, and the proceeds go to pay off the tax lien.
Potential Returns: You can buy properties at these auctions for much less than their market value, sometimes for just the amount owed in taxes.
Steps to Start Tax Lien or Tax Deed Investing
Research and Understand Local Laws
It’s crucial to know the legal framework in Brevard County. Check the Brevard County Tax Collector’s and Clerk of the Circuit Court & Comptroller’s websites for specific regulations and procedures.
Be Vigilant with Investments: Always research the property thoroughly before investing. Consider the risks such as miscalculated taxes, property value fluctuations, bankruptcy complications, and military service protections.
Understand the Market: Keep an eye on property values and the local real estate market to make informed decisions.
Know the Laws: Familiarize yourself with local regulations and protections to avoid legal complications.
Brevard County Overview
Brevard County is famous for its space science heritage and unique geological stability. Here are some interesting facts:
The “3-2-1” area code is a nod to the Kennedy Space Center.
Brevard County has avoided sinkholes and direct hurricane hits.
It’s a haven for sea turtles with numerous nesting beaches.
Enjoys over 200 sunny days a year and has a thriving tech and space industry economy.
FAQs for Tax Liens and Deeds
Q: What is a tax lien certificate?
A: It’s a certificate representing unpaid property taxes that an investor can purchase to earn interest.
Q: What happens if the property owner doesn’t pay the taxes?
A: The property goes up for a tax deed sale, where it’s auctioned to the highest bidder.
Q: How do I participate in a tax deed auction?
A: Visit the RealForeclose site to register and participate in auctions.
Q: Are there risks involved in tax lien investing?
A: Yes, risks include corrections to the tax amount, property value drops, bankruptcy, and protections for military service members.
Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
Brevard County
Investing in Brevard County Tax Liens and Deeds: What You Need to Know
Are you looking for a way to earn high returns on your investment? Tax liens and deeds in Brevard County, Florida, might be the answer. Imagine getting 18-36% returns or buying property for as little as $500. Let’s dive into the details of how you can start investing in Brevard County tax sales and make the most of these lucrative opportunities.
Tax lien and deed investing can offer significant returns compared to traditional investments. With low entry costs, it’s an appealing option for those looking to invest in real estate without spending a fortune.
Understanding Tax Lien Certificates and Tax Deeds
In Brevard County, when property taxes go unpaid, the county sells tax lien certificates to investors. Here’s how it works:
Tax Lien Certificates:
Tax Deeds:
Steps to Start Tax Lien or Tax Deed Investing
Research and Understand Local Laws
Visit the Local Treasurer’s Website
Read the Details About Tax Liens or Tax Deeds
Contact the County Office
Essential Details for Brevard County Tax Sale
Pro Tips
Brevard County Overview
Brevard County is famous for its space science heritage and unique geological stability. Here are some interesting facts:
FAQs for Tax Liens and Deeds
Q: What is a tax lien certificate?
A: It’s a certificate representing unpaid property taxes that an investor can purchase to earn interest.
Q: What happens if the property owner doesn’t pay the taxes?
A: The property goes up for a tax deed sale, where it’s auctioned to the highest bidder.
Q: How do I participate in a tax deed auction?
A: Visit the RealForeclose site to register and participate in auctions.
Q: Are there risks involved in tax lien investing?
A: Yes, risks include corrections to the tax amount, property value drops, bankruptcy, and protections for military service members.
Useful Links
Need a Hand?
Need assistance with tax lien investing? Get our free Tax Lien & Deed Mini-Course, or book a call for a customized investing plan. Visit here.
Sign up or log in to view the full content.
Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.