How to Invest in Alameda County, California Tax Deed Sales?

If you’re looking for a great real estate investment opportunity, consider the annual tax deed sale auction in Alameda County. Here’s a step-by-step guide on how you can buy properties for a fraction of their market value and earn impressive returns on your investment.

Alameda County is a prime location for real estate investments due to its proximity to Silicon Valley and San Francisco. This area attracts many commuters, and the demand for housing is consistently high. Investing in tax deed auctions here can be particularly lucrative. The unique combination of historic charm, diverse real estate options, and limited housing stock on the island makes it a compelling market for investors.

Understanding Tax Deed Sales in Alameda, California

Alameda County holds an annual tax deed sale auction for properties that have been tax-defaulted for five years or three years for non-residential commercial properties. These properties are sold at auction, often for much less than their market value.

Key Steps to Participate

Check the Auction List:

• About 21 days before the sale, the tax collector publishes a list of properties available for auction. You can access this list on the Alameda County tax collector’s website.

Register for Bidding:

• To participate in the auction, you need to register in advance. This requires a $5,000 deposit and a non-refundable processing fee of $35. Visit Bid4Assets for detailed payment instructions. You’ll get your deposit back within ten business days if you don’t win the bid.

• Ensure you have all the required documentation and understand the registration process.

• Pay the deposit and processing fee using the specified method.

Bidding Process:

• Alameda County uses the Premium Bid Method, meaning the property goes to the highest bidder who offers an amount above the unpaid taxes, interest, and fees.

• Bidding typically takes place online, providing convenience and accessibility.

• Monitor the auction closely to place strategic bids.

Winning the Bid:

• If you win the bid, the tax collector will provide a deed transferring the property title, typically free from previous encumbrances.

• The deed will be issued once the full payment is made.

• The title is generally free from most liens, but it’s wise to verify specific details for each property.

Important Considerations

Eligibility:

• Anyone over the age of 18 can participate, provided they meet the auction requirements and agree to the rules.

Research:

• Always research the properties you’re interested in. Check for any easements and zoning regulations. It’s advisable to contact relevant county departments for clarifications.

Professional Help: If you’re new to tax deed investing, consider engaging with professionals to guide you through the process.

• Look into property history and any outstanding issues.

• Use resources like county records and property reports for thorough research.

County Tax Deed Auction Helpful Links

• Alameda County Tax Deed Information
• Alameda County Treasurer and Tax Collector’s website
• County of Alameda
• Bid4Assets

Frequently Asked Questions

Q: When is the typical date of sale?
A: The sale usually takes place in March.

Q: What type of sale is it?
A: It is a tax deed sale.

Q: Is there any redemption period?
A: No, there is no redemption period.

Q: What is the interest rate?
A: There is no interest rate.

Q: What is the penalty rate?
A: Not applicable.

Q: What is the bid procedure?
A: The bid procedure is the Premium Bid method.

Q: Who is the sales contact?
A: The County Tax Collector.

Tax deed sales in Alameda County offer a unique opportunity to acquire properties at a fraction of their value. By following the steps outlined and utilizing available resources, you can make informed investment decisions and potentially achieve high returns. If you need more personalized guidance, don’t hesitate to reach out and book a call with us.

Additional Resources

Free Mini Course: To help you get started, we offer a FREE Tax Lien & Deed Mini Course. You can also book a call with us for a customized investing plan.

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

5–10deals/mo

2009TLS founded