18% ROI: Your Ticket to Success with Summit County Tax Lien & Deed Investing

Summit County, Ohio, offers a unique opportunity for investors through tax lien certificates and tax deed sales. These investment options can provide high returns and allow you to acquire properties at a fraction of their market value. Here’s a guide to get you started.

Overview of Tax Lien Certificates and Tax Deeds in Summit County

Tax Lien Certificates:

• You purchase a lien on a delinquent property, not the property itself.
• The lien accrues simple annual interest, which is recalculated monthly.
• If the property owner fails to pay their taxes, you earn interest until the lien is redeemed.
• Typical interest rate: 18%.

Tax Deed Sales:

• You bid to purchase the property itself.
• Bidding starts at two-thirds of the property’s appraised value.
• Requires a minimum deposit of $1,000.

Steps to Start Investing in Summit County

1. Research and Understand Local Laws
   • Knowing the legal framework is crucial.
   • Check the specific regulations for tax lien and tax deed sales in Summit County.
2. Visit the Summit County Fiscal Office Website
   • Find detailed information on tax lien certificates: Summit County Tax Certificate Liens​.
   • Look up tax deed sales info: Summit County Sheriff’s Office​.
3. Check the Auction Site
   • Auctions for tax deeds are conducted online via RealAuction: Summit County Delinquent Taxes Sale Auction Site​.
4. Understand the Details About Tax Liens and Deeds
   • Ensure you know the sale schedule, parcel inquiry details, and other essential information.
5. Contact the County Office
   • For additional inquiries, contact the Summit County Fiscal Office at 330-643-2600.

Important Details

Pro Tips

• Research Thoroughly: Ensure you fully understand the property and its current state.

• Budget for Additional Costs: Prepare to cover potential additional costs, such as back taxes or liens.

• Register Early: Registration is mandatory to participate in auctions.

• Check for Meth Lab Locations: The Sheriff’s website notes properties previously used for illegal activities.

Useful Links

• County Tax Certificate Liens: Link
• County Tax Deed Sales Information: Link
• County Delinquent Taxes Sale Auction Site: Link

FAQs

Q: How do I register for an auction?

A: You can register on the Summit County Fiscal Office website or RealAuction site. Ensure you pay the registration fee in advance.

Q: What happens if the property owner redeems the lien?

A: You will receive your investment back plus the accrued interest.

Q: Do tax deed purchases involve any additional costs?

A: Yes, there might be additional costs, such as back taxes or liens, so research thoroughly before bidding.

Q: How can I avoid foreclosure on my property due to unpaid taxes?

A: Enter into a payment plan with the Delinquent Tax Department to avoid a tax lien sale and foreclosure​.

Ready to explore investment opportunities in Summit County? Dive into the world of tax lien and tax deed investing and unlock potential high returns with minimal upfront costs. Want to learn more? Book a call with us or access our FREE resources. Happy investing!

Sign up or log in to view the full content.

Free help available

Get a Tax Deed in the next 30 days

Need a hand on your first deal at up to 90% off? Book a free call and we’ll guide you step by step.

Auction
Calendar Book a free
call Free
resources

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