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.

Visit the Local Treasurer’s Website

• Tax Lien Sale Information: Visit the Brevard County Tax Collector for details on tax lien certificates.

• Tax Deed Sale Information: Check Brevard County Clerk’s Tax Deeds for tax deed sales.

• Check the Auction Site

• Tax Lien Auctions: Visit LienHub for tax lien certificate auctions.

• Tax Deed Auctions: Go to RealForeclose for tax deed auctions.

Read the Details About Tax Liens or Tax Deeds

• Understand the sale schedule, parcel inquiry, and other essential details before participating in any auction.

Contact the County Office

• For any additional inquiries, reach out to the Brevard County Tax Collector or Clerk of the Circuit Court & Comptroller.

Essential Details for Brevard County Tax Sale

• Tax Sale Type: Tax Lien Certificates

• Typical Sale Date: Varies by location

• Redemption Period: 2 years

• Interest Rate: Starts at 18%

• Bid Procedure: Bid down

• Deposit: Varies

Pro Tips

• 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.

Useful Links

• Brevard County Tax Collector
• Brevard County Clerk of the Circuit Court & Comptroller

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.

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