Profitable Tax Lien Investing Strategies for Coconino County
Welcome to Coconino County, Arizona! This county, famous for its stunning natural landscapes like the Grand Canyon, also offers lucrative opportunities in tax lien investing. Here, we’ll explore practical strategies to maximize your investments and navigate the process from lienholder to property owner.
What are Tax Liens?
When property owners fail to pay their taxes, the county places a tax lien on the property. They then auction off these liens as certificates, allowing investors to pay the owed taxes and earn interest when the owner repays the debt.
How to Get Started in Coconino County, Arizona?
Visit the Treasurer’s Website:
The Coconino County Treasurer’s website provides comprehensive information on tax lien certificates and the online auction process. Here are some essential links:
Create a username and password for the auction site. Remember, each bidder can only have one registration and must not have any financial ties with other bidders.
Prepare Your Investment:
Decide on your investment amount and make a deposit, which should be 10% of your total intended investment. For example, if you plan to invest $10,000, your deposit would be $1,000.
Research Properties:
Conduct thorough research on properties listed for tax liens. Use tools like Zillow, Redfin, and Google Maps to evaluate the property’s value and condition. Check the local assessor’s website for additional details and public records for any other liens or legal issues.
Bidding Process
Single Simultaneous Bidding Entity Rule:
Each bidder is allowed only one registration without any ties to other bidders.
Deposit Requirement:
The deposit is necessary to validate your bids and should be submitted before the deadline.
Place Your Bids:
Bid on as many quality liens as possible within your deposit limit. There is no penalty for running out of deposit money; any excess bids will simply be ignored.
Redemption Period
In Coconino County, there is a three-year redemption period. During this time, the property owner can repay the lien amount plus interest to the investor. If the owner fails to do so, the investor can potentially acquire the property.
Pro Tip: Comprehensive Property Research
Always research each property thoroughly. Start with the property’s number and address, use online real estate tools for initial insights, check the neighborhood via Google Maps, and inspect the property if possible. This ensures you make informed investment decisions.
Interesting Facts About Coconino County
Geographical Size: Coconino County covers 18,661 square miles, making it the second-largest county in the U.S. and the largest in Arizona.
Natural Attractions: Home to the Grand Canyon National Park, Oak Creek Canyon, Sunset Crater, and more.
Diverse Land Ownership: 38% of the land is Indian reservations, 32% managed by the U.S. Forest Service and Bureau of Land Management, 10% owned by the state, 7% other public lands, and 3% privately owned.
Q: What is the interest rate for tax lien certificates in Coconino County?
A: The interest rate is 16% per annum.
Q: How long is the redemption period?
A: The redemption period in Coconino County is three years.
Q: Where can I find a list of available tax liens?
A: The list can be found on the Coconino County Treasurer’s website or the online auction site.
Q: What are the key steps to participate in the auction?
A: Register on the auction site, decide on your investment amount, make a deposit, and place your bids.
Coconino County Tax Lien Information
Tax lien investing in Coconino County can be a rewarding venture with proper research and preparation. By following the outlined steps and utilizing available resources, you can maximize your returns and possibly acquire valuable properties.
Need a Hand?
If you need some guidance with this process, you can book a call with us here. We’re here to help you navigate the process, avoid common pitfalls, and potentially save you three to five years of trial and error.
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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.
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
Coconino County
Profitable Tax Lien Investing Strategies for Coconino County
Welcome to Coconino County, Arizona! This county, famous for its stunning natural landscapes like the Grand Canyon, also offers lucrative opportunities in tax lien investing. Here, we’ll explore practical strategies to maximize your investments and navigate the process from lienholder to property owner.
What are Tax Liens?
When property owners fail to pay their taxes, the county places a tax lien on the property. They then auction off these liens as certificates, allowing investors to pay the owed taxes and earn interest when the owner repays the debt.
How to Get Started in Coconino County, Arizona?
Visit the Treasurer’s Website:
Register for the Auction:
Prepare Your Investment:
Research Properties:
Bidding Process
Single Simultaneous Bidding Entity Rule:
Deposit Requirement:
Place Your Bids:
Redemption Period
In Coconino County, there is a three-year redemption period. During this time, the property owner can repay the lien amount plus interest to the investor. If the owner fails to do so, the investor can potentially acquire the property.
Pro Tip: Comprehensive Property Research
Always research each property thoroughly. Start with the property’s number and address, use online real estate tools for initial insights, check the neighborhood via Google Maps, and inspect the property if possible. This ensures you make informed investment decisions.
Interesting Facts About Coconino County
Frequently Asked Questions
Q: What is the interest rate for tax lien certificates in Coconino County?
A: The interest rate is 16% per annum.
Q: How long is the redemption period?
A: The redemption period in Coconino County is three years.
Q: Where can I find a list of available tax liens?
A: The list can be found on the Coconino County Treasurer’s website or the online auction site.
Q: What are the key steps to participate in the auction?
A: Register on the auction site, decide on your investment amount, make a deposit, and place your bids.
Coconino County Tax Lien Information
Tax lien investing in Coconino County can be a rewarding venture with proper research and preparation. By following the outlined steps and utilizing available resources, you can maximize your returns and possibly acquire valuable properties.
Need a Hand?
If you need some guidance with this process, you can book a call with us here. We’re here to help you navigate the process, avoid common pitfalls, and potentially save you three to five years of trial and error.
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.