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Riverside County
Riverside County Tax Deeds: A Guide to Affordable Property Investments
Looking for a way to buy properties at a fraction of their market value? Riverside County tax deed sales might be your answer. By investing in tax deeds, you can potentially acquire properties well below their market value. Here’s how you can get started.
What Are Tax Deeds?
In California, including Riverside County, a tax deed is issued when a property owner fails to pay property taxes for five years. The county then forecloses on the property and sells it at a public auction to recover the unpaid taxes. This process allows investors to buy properties at a significantly reduced price.
Why Riverside County?
Riverside County stretches from the outskirts of Los Angeles to desert regions and is known for its growing cities and beautiful resorts. It’s a more affordable option compared to its coastal neighbours like LA and Orange County, making it a great place for real estate investments.
Key Advantages of Investing in Riverside Tax Deeds
Steps to Start Investing
Visit the Treasurer-Tax Collector’s Website
Head to the Riverside County Treasurer and Tax Collector’s website for details on tax sales. Check out the Tax Sale Information for auction dates, deposit details, and rules.
Register for Auctions in Riverside County Tax Deeds
Auctions in California are held both live and online. Websites like Bid4Assets host these sales, making it convenient to participate.
Understand the Rules
Each county may have different auction requirements. Make sure to review and understand the rules thoroughly before participating to avoid any penalties or forfeitures.
Pro-Tip for Successful Bidding
Always ensure you are financially prepared before bidding. Incomplete payments can lead to deposit losses and restrictions on future auctions. Commit only when you have the full amount ready.
Resources
Frequently Asked Questions
What is the difference between tax deeds and tax liens?
A tax deed gives you ownership of the property, while a tax lien is a claim against the property for unpaid taxes.
How do I know if a property is worth investing in?
Research the property value, condition, and location. You can also look at past auction results for insights.
Can I inspect the property before bidding?
Typically, you cannot enter the property, but you can drive by and inspect the exterior.
Riverside County Links
Investing in Riverside County tax deeds can be a rewarding venture. Whether you’re new to this or an experienced investor, the opportunities here can help grow your portfolio. For more tips and resources, check out our FREE mini-course or 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!”