Is 9% ROI in 6 Months Possible? DeKalb County’s Tax Lien is the Answer

Wondering if you can really achieve a 9% return on investment in just six months? DeKalb County, Illinois, has an annual Tax Lien Sale that offers a great opportunity for investors. Located in a region rich in agriculture and education, DeKalb County holds an annual tax sale where investors can acquire delinquent property taxes with potentially high returns.

Understanding Tax Lien Certificates

Tax lien investing involves purchasing a lien on a property due to unpaid taxes. If the property owner fails to pay their taxes, you, as the lien holder, can collect interest on the owed amount. In DeKalb County, the annual Tax Lien Sale allows investors to bid on these liens starting at a 9% penalty interest rate, which decreases as bidders compete.

Here’s how it works:

• Initial Investment: Investors deposit $500 to participate.
• Bidding Process: The bidding starts at a 9% penalty interest rate.
• Return Period: Interest rates apply every six months.
• Redemption Period: If the property owner redeems, you get your investment back plus the penalty rate.
• Ownership Possibility: If the property is not redeemed within 2.5 to 3 years, you can petition for a tax deed to own the property by paying the owed back taxes and fees.

Steps to Start Tax Lien Investing in DeKalb County

Research Local Laws: Understanding the legal framework in Illinois is crucial. Contact an attorney or review the Illinois Compiled Statutes.

Visit the Treasurer’s Website:

• DeKalb County Treasurer-Collector

• Delinquent Tax Sale Information

Check the Auction Site: The annual tax lien sale is held at the DeKalb County Administration Building, Conference Room East, 110 E. Sycamore Street, Sycamore, IL 60178.

Read Sale Details: Understand the schedule, parcel inquiry, and other important details from the Treasurer’s office.

Contact the County Office: For any inquiries, contact the DeKalb County Treasurer’s Office at 815-895-7112.

Important Details for DeKalb County Tax Sale

Facts about DeKalb County

1. Population: Approximately 100,420 as per the 2020 census.
2. Economy: Strong in agriculture, education, and manufacturing. The county is home to Northern Illinois University.
3. Historic Significance: Known as the birthplace of the Farm Bureau movement, which revolutionized agricultural development in the U.S.
4. Annual Events: The Sandwich Fair, held every year since 1887, attracts visitors statewide.

Pro Tips

• Early Registration: Make sure to register 10 days prior to the sale with the required deposit.
• Legal Advice: It’s advisable to consult with an attorney to understand the complexities of purchasing tax liens.
• Keep Track: Maintain records of all your transactions and communications with the county office.

FAQs for Tax Liens

Q: Can I bid without attending the sale?

A: No, you or your registered representative must be physically present at the sale.

Q: Will the tax sale clear all other liens?

A: No, the tax sale does not clear any liens from the property.

Useful Links

• DeKalb County Official Website
• Illinois Department of Revenue – State Tax Lien Registry
• How to Profit from Illinois’s Tax Lien Sales
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Is Illinois the best place to profit from tax lien certificates?

Need Help?

If you have any more questions or need assistance, feel free to reach out! Book a call for personalized guidance or access our free resources. Happy investing!

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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