Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds

Unique Types of Property Deals

Another type of advanced strategy involves bidding on tax lien or deed items that most people won’t understand. There are many other types of parcels that get auctioned off, and as long as you have a solid exit plan in hand, then these can be very profitable. These properties could include cell towers, billboards, access roads, community parks, and other types of easements.

I recently won an auction on a fully operating cell phone tower and a full-size billboard. While they eventually got redeemed, the return was guaranteed. I have also acquired neighborhood parks, complete with basketball courts, that the community association forgot about.

Most people would say, “Why would you want to buy a tax lien on a cell tower? What are you going to do, start your own cell phone company if they don’t redeem?” Actually, while that does sound like a challenge, I am purchasing the tax lien on the tower knowing that the cell phone company will definitely redeem it. The tower is worth hundreds of thousands of dollars in technology. Plus, they need it to continue to provide service to their clients. I know beyond a shadow of a doubt they are going to redeem the certificate and I am going to make my money. I just diary the redemption date in my system and wait for my profits to show up. Worst case, I would get the opportunity to sell it back to them.

These types of parcels can always be sold back to the previous owner or to a competitor if they don’t get redeemed, ...