How To Buy Property With Delinquent Taxes
Рет қаралды 155,307
4 жыл бұрынIn today's episode, let's talk about buying property with delinquent taxes. I'll explain to you what it means and the pros and cons that go along with it. Believe it or not, buying property with delinquent taxes can be one of the greatest deals in your life. I'll share with you my experience with this as well!
00:23 What are delinquent taxes?
02:30 They don't have the money, so this is where you step in
02:41 My bad experience with this
04:13 My good experience with this
05:18 You need someone watching your back
Access Kris’ Real Estate Hotline to get hands on live coaching
www.kriskrohn.com/real-estate-...
Watch and Enjoy!
Kris Krohn
PS:
✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅
kzfaq.info...
🔥TAKE THE NEXT STEP WITH KRIS’ AND HIS TEAM 🔥
========================================
💰 Get Kris’ FREE REAL ESTATE BOOK 💰
www.kriskrohn.com/youtubefree...
🤝 Got Money or Retirement Savings? Partner with Kris on Deals:
www.kriskrohn.com/partnering
🎤 Interested in Mentoring with Kris Live?
www.kriskrohn.com/events
🤝Get a FREE Real Estate Game Plan from Kris’ Team
kriskrohn.com/invest-now
Become one of Kris’ Real Estate Mavericks
www.kriskrohn.com/maverick
Learn Kris’ Lease Option System--FREE Game Plan Consultation
www.limitlessmentor.com/TV
Reach Every Goal-Get Kris’ FREE Limitless Book
www.kriskrohn.com/limitlessfr...
Want to know how Kris’ Finds his Top Deals?
trial.propstreampro.com/limitl...
Get Our FREE FINANCIAL CALCULATOR to find out When You’ll Retire
www.kriskrohn.com/freedom-cal...
Best Way to Save Protect Your Money for More Real Estate Deals
See Everything Kris is up to:
KrisKrohn.com
📹 BE ON A KRIS KROHN KZfaq EPISODE
========================
Record your questions on video, and join me in a future episode:
bit.ly/2yO78c7
📞 QUESTIONS ABOUT PRODUCTS, CONTACT SUPPORT
support@limitlessmentor.com
📲 CONNECT WITH KRIS:
==========================
Podcast www.kriskrohnshow.com
Instagram / kriskrohn
Facebook / mentorwithkris
Twitter / kriskrohnmentor
LinkedIn / mentorwithkris
KZfaq Channel / reinvestortv
TikTok vm.tiktok.com/dQGyQt/
Blog blog.kriskrohn.com
Audible rdrurl.com/kriskrohnaudible
Pinterest bit.ly/2WhlI8L
🎧 MUSIC AND LICENSE
========================
Legendary - Welshly Arms • Welshly Arms - Legendary
Artist: bit.ly/Welshly-Arms
License ASCAP
www.ASCAP.com
#RealEstateInvesting #MoneyMindset
========================
Video Produced by:
Nate Woodbury - KZfaq Producer
BeTheHeroStudios.com
/ natewoodbury
EARNINGS DISCLOSURE
Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here: www.kriskrohn.com/epicdisclosure
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
DISCLOSURE OF FINANCIAL RELATIONSHIP
Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here: www.kriskrohn.com/epicdisclosure
@biggboy82day 3 жыл бұрын
Clicked this video to get info and got a sales pitch lol
@davidarredundo7923 3 ай бұрын
😂😂😂
@thehandsoftime289 3 жыл бұрын
3:44 my man really said "I needed that L I was getting too comfortable"😂😂😂
@brebre09shana 2 жыл бұрын
Now I may be wrong but from what i understand, if u buy a tax property the owner has the right to come back within a certain time frame to reclaim their home. But the catch is that they have to pay you everything u put into the home. So I would assume the very 1st step is to contact some type of lawyer to get the legal issues out the way
@crownbikes1375 2 жыл бұрын
But if it happened the way it did like he said he’d most likely win
@91111ful 2 жыл бұрын
And they have to pay you interest on the home if I’m not mistaken
@daviswalker5741 Жыл бұрын
@@91111ful yep so it’s a win win either way
@garyacosta1418 Жыл бұрын
Yup up to 18%
@erniecasillas2506 3 жыл бұрын
Great win win win information, thank you.
@wesrenguso80 Жыл бұрын
How do you find out how much the owner owes on mortgage?
@justinpesce8177 4 жыл бұрын
Thanks Kris your the best
@sabrinaserigne1440 3 жыл бұрын
You did the right thing though and you willl be later even more blessed
@itzstrojr.7374 4 жыл бұрын
Awesome video Kris! Love learning new ways to build wealth every day from you!
@LA12715 3 жыл бұрын
Hey I need some help I’m looking to buy businesses with delinquent taxes Is there a certain way to go about it please let me know I’ve been watching and leading a lot from your videos so please let me know
@Wendy-fx3zn 4 жыл бұрын
he said: Tiny $50,000 profit....
@josecalixto14 3 жыл бұрын
he said tidy 50,000 lol like clean profit :)
@jordannichols88 3 жыл бұрын
Over 5 years...
@yonissaid714 3 жыл бұрын
Tidy* omega smooth deal. lol not tiny
@MrMountain707 Жыл бұрын
We appreciate the honesty
@jonpaton4449 4 жыл бұрын
Where I live its easy to check for tax leans on properties. I don't understand how to find mortgages
@rhyan1986 Жыл бұрын
Did you find out
@samuelwilliams7331 2 ай бұрын
Mortgages get wiped out in Tax Sales. Mortgage company gets first shot at buying the house.
@leacole5583 2 жыл бұрын
I have a friend who wants me to buy the delinquent taxes so that the city or another investor takes it. Is that possible?
@KK-jt6nj 3 жыл бұрын
Could I invest an amount in your company and have payments that way?
@gauravraghavv6172 4 жыл бұрын
Thanks Cris
@yonissaid714 3 жыл бұрын
khris* call him (Sensei Krohn)
@Luxury.Famous 8 ай бұрын
Ty that was smooth🎉
@sdc8956 3 жыл бұрын
Appreciate your video ! I wonder why tax delinquents accept wholesale offers in this market where houses are sold at market price within weeks?
@LVREC 2 жыл бұрын
because its the government lol.
@gianthills 5 ай бұрын
but they cant find buyers because interest rates are high
@MrMilanROX 2 жыл бұрын
How did you find out which properties are behind on taxes? Which web-system do you use?
@britanyadawkins6753 2 жыл бұрын
Try going to the courthouse website
@pikavargas4442 Жыл бұрын
Your county tax assessor collector
@user-iy2ww4wv9m 3 ай бұрын
County treasures
@OfficialGetmoneyboyz 3 жыл бұрын
How can I start if I have no experience in real estate?
@kevindavis872 3 жыл бұрын
My roomate passed he is 2 yrs behind and the family doesn't want it cause they dont want to pay it
@eragoddess 11 ай бұрын
Great video
@Lifetimecomeup 3 ай бұрын
This man said I'm giving it to you for free than went to say it's going to cost a lil bit 😂😂😂
@chrisg3893 4 жыл бұрын
Yo I love the video and the sincerity! Put your camera on auto focus tho!
@MattBangsWood 3 жыл бұрын
The problem is the camera is on Auto Focus.. Needs to be manual focus.
@whizbang6762 2 жыл бұрын
What if they don't move out after you pay the taxes
@kennethporst4359 4 жыл бұрын
Hey Kris 1st thank u for what you do. EQ: how do I get a small loan for investment perposes if 1. I have lil to no credit score, 2. low paying job 3. No dp possible . Ik all the finance secrets and running a business and all, but how do you ask the bank for $3000 with no down payment available?. I'm a stock investor looking to increase my share holding availability yet can't prove I have "what it takes"
@Happygirlalwaysnomatter 4 жыл бұрын
try small business administration
@Evettecord 3 жыл бұрын
@@Happygirlalwaysnomatter can you use a SBA grant to buy a 4 plex?
@iristinajohnson8887 2 жыл бұрын
When purchasing a home the taxes are part of your mortgage payment each month how did they get behind in taxes and not behind on the mortgage payment
@boopy123 2 жыл бұрын
Not all the time it's included in their mortgage payment. If you miss mortgage payments (if your tax payments are included), then you are behind on your tax payments. Maybe you'd be able to afford to pay the principal and interest on your home but not afford the tax amount. That's how you can get behind on your taxes
@sharlinehill509 3 жыл бұрын
Hi Kris this is sharline and i enjoy your coment
@austinfleming7135 4 жыл бұрын
Solid info
@Epicrulez Жыл бұрын
so we buy by paying tax we get the deeds and than we have to pay rest of the mortgage they owe? please guide, how to check how much they owe?
@rhyan1986 Жыл бұрын
Did you find out
@garywinthorpe6087 4 жыл бұрын
How about buying houses that are delinquent properties that are for sale by the city?
@ulmapena4591 4 жыл бұрын
How can I do the research for a property bc someone told me. I have to go to the protonotary but no idea how !! 😔
@rogerchien2329 3 жыл бұрын
@@ulmapena4591 right on
@CyberSec11211 3 жыл бұрын
Once he said coaching hotline...I'm out
@scollyoffline4009 Жыл бұрын
I don’t want coaching I just wanna know how do i actually pay of find homes that i can pay
@Ron45M 2 жыл бұрын
How do you even find houses kris?
@MountDew007 Жыл бұрын
Wish you help me. I'm a homeless combat veteran who needs a cheap home..
@nunyab9780 3 жыл бұрын
Why wouldn’t they just sell their property if there is equity in the property? Am I missing something?
@shityoushouldknow359 3 жыл бұрын
i think you cant sell a property maybe if you owe taxes on it
@flowersfromh-evanlakshmi7577 2 жыл бұрын
Because if they owe on it they can’t sell. They also may have a lien.
@vidaldavid2575 4 жыл бұрын
Who want to invest property in malaysia but the price must be over RM 1 million
@michaelricarte4148 2 жыл бұрын
Kris I don’t think I heard you say the number to call? Can we get that number?
@wetamang1027 2 жыл бұрын
How to get property back after tax sale ? Do you have any idea? Please help
@brandonnichols7999 2 жыл бұрын
You lucked out
@jerrybutler6179 4 жыл бұрын
There's a tax lien against the rental house I'm in right now. How can I go by purchasing it? I was told the owner is trying to sell the house, and is behind on the note. Please help!!
@vellharris4225 4 жыл бұрын
House squatter
@hualni 4 жыл бұрын
Can you afford to pay the tax lien?
@Ak907Queen 3 жыл бұрын
You talk to homeowner & offer to pay tax lien and whatever is left on the mortgage loan then offer a deal to him based on X... [ tax lien + (amount house is worth - what is owed on loan) =X ] Then you take ownership of property and put your name on deed and own it or lease it out for profit and then REPEAT on the next property
@kasontate4206 3 жыл бұрын
@@Ak907Queen Is there a way you could explain what you just said to me more in depth? i can provide my email if it helps. Information on specifics for a niche thing like this is so scarce i’d appreciate it
@jasonsprouse2803 3 жыл бұрын
You buy the house from the owner.... there is no magic.
@Review-This 4 жыл бұрын
Arizona Pays 16% on interest on tax’s.
@WhispersRoCloset 4 жыл бұрын
Florida pays 18%
@bhughes9258 4 жыл бұрын
Kris, does your strait path work in San Diego?
@mathwizree 3 жыл бұрын
I'm confused, wouldn't it be cheaper to buy it at auction price?
@JTB128650 3 жыл бұрын
Depends on your area. Some places are different for every state.
@mathwizree 3 жыл бұрын
@@JTB128650 Yeah that's true.
@jasonsprouse2803 3 жыл бұрын
Auction for tax sale is minimum bid 2/3 "appraised value" (at least here in Ohio)....... often that is more than the property is worth. They did a cute thing here.... they couldn't get an increase in tax rates..... so they just raised all of the appraised values.
@AP-fn6rb 3 жыл бұрын
Anyone know if this can be done in the UK?
@9lukz 3 жыл бұрын
Yh I searched it just search delinquent taxes uk
@janicerivera3159 2 жыл бұрын
Where can I find these delinquent taxes
@cezz1105 2 жыл бұрын
Your local tax assessors office.
@GuthrieDennis 3 жыл бұрын
Went from free to not so free
@OULIAN 4 жыл бұрын
He said for free and after $$$ 🤔
@DuyNuge412 4 жыл бұрын
In life nothing is free...
@yonissaid714 3 жыл бұрын
imagine you put money in something, and you made more than what you paid. its like free but u pay to get paid bigger. make sense?
@kimberleygoodwin7169 2 жыл бұрын
Hey I live in California. Ju
@loftisjason6936 4 жыл бұрын
The camera trying to focus all the time is annoying
@zihanma7577 2 жыл бұрын
I don't quite understand why the home owner can't refinance their home to pay the property tax when they have such big home equity (250K-80K=170K) on the property, which they can use as collateral?
@jejali3 2 жыл бұрын
Probably no employment. No emploment no refi!
@Anonymous01416 2 жыл бұрын
He said you can’t refinance if you owe property tax.
@jayc4715 Жыл бұрын
Unemployed
@1superduck 9 ай бұрын
He just gave the house back no big deal..... ?
@clemongarner3651 Жыл бұрын
What your coaching hotline? Help me be my mentor please
@CorbinIsrafael Жыл бұрын
I Nyann
@jamesvillegas877 4 жыл бұрын
People can pay someone else's taxes and it's helpful for the owner. 😂 Doesn't mean transfer of ownership
@itzstrojr.7374 4 жыл бұрын
james villegas Well I think that’s what you negotiate.
@adamsrj1999 4 жыл бұрын
That's when a partnership with a great attorney comes in handy to write up an agreement
@Gabe-lj9fo 4 жыл бұрын
But actually it does because either way the bank is gonna take the property from you regardless, so you either trade ownership for them saving your credit or let the bank take it your choice lol😂 you just have to make sure the contract is clear!
@waynesalvador9925 3 жыл бұрын
@@Gabe-lj9fo No one can sieze equity without Notice and Proceeding. You are assuming that you can secretly streal sometime with a magic trump card.
@turbo3089 Жыл бұрын
? so you got to pay off their loans and their taxes
@gianthills 5 ай бұрын
just any liens, not mortgage, but call the county.
@rikajohnson9170 3 жыл бұрын
im so confused
@bradymann9593 3 жыл бұрын
Long story short if you live in California you buy a play ground and you own it, it’s yours...cali charges you to just “have it” and if you don’t pay them I can pay it for you and if you don’t pay me back it’s mine now
@MikeThird1503 3 жыл бұрын
@@bradymann9593 scandalous but that’s how it goes. Crazy
@damariis13 3 жыл бұрын
@@bradymann9593 really?? That’s great. But I didn’t understand about mortgage
@Frjinn 3 жыл бұрын
Never be soft hearted for people CHECK✍🏿✍🏿✍🏿
@gauravraghavv6172 4 жыл бұрын
I'am sorry it's Kris
@carlosontiveros4882 3 жыл бұрын
this was painful
@samuelcarrillo6348 4 жыл бұрын
Why isn’t your hotline free?
@bradymann9593 3 жыл бұрын
Cuz he wanna make bank
@jayc4715 Жыл бұрын
Cus..DUHHHH
@jeffnichols8383 3 жыл бұрын
The volume on you video is horrible
@austinfleming7135 4 жыл бұрын
you usin GV's song, bro...
@fahimabrar1992 4 жыл бұрын
First 🕺
@quadrioladimeji484 4 жыл бұрын
Second mate let's do this.
@andrewbradley196 2 жыл бұрын
Can we be friends. I need to be around poeple like you. I wanna learn
@laurennoyb539 3 жыл бұрын
Wait. Didn't she come to you for help and you screwed her over? Wow
@jasonsprouse2803 3 жыл бұрын
He seems like such a nice guy. Even the video is full of B.S.
@mochalatay3463 3 жыл бұрын
Right, she was only 5k behind
@TheAvenger429 3 жыл бұрын
Why would he take over her property
@petshop7248 2 жыл бұрын
Dude, can you tell whoever shoots your videos that they need to focus manually? Idk what camera you’re using, but the autofocus is bad. It’s disorienting.
@waynesalvador9925 3 жыл бұрын
Yes, you can always pay someone else's property taxes. However, it is a complete myth that you can pay delinquent taxes on someone else's property and become the owner. Therefore, there is no benefit to paying someone else's property taxes with the hope of easy ownership. ... It would take years in any state.
@celavie8499 2 жыл бұрын
Is it safer to buy a delinquent house that has been ceased by the county treasure etc. No banks just the courts and an excellent attorney! Or do the banks own all the houses in America?
@missingangel1358 2 жыл бұрын
vultures
@jayc4715 Жыл бұрын
Wimp
Project Life Mastery
Рет қаралды 741 М.
Coach Carson
Рет қаралды 2,2 МЛН
Toby Mathis Esq | Tax Planning & Asset Protection
Рет қаралды 48 М.
REtipster
Рет қаралды 105 М.