This post features AlaskaTax Sales Explained, A video posted on YouTube on April 10, 2020.
Alaska Tax Sales Explained
Alaska has 29 boroughs and is a deed state. There is a one-year redemption. But during that time the properties are held by the municipality so by the time you get the bid on a property it does not really have a redemption period per se. That being said, the land is typically sold at market value.
A good thing about Alaska is that they’ll help you finance the property. Also, they will give you a warranty deed so you will be able to obtain title insurance right away. Finally in Alaska, they do allow over-the-counter sales but it is at a state level.
If I was writing this state strictly for real estate investing, I would rate it perhaps a four but in Tax Sales, we are looking for really inexpensive properties and that’s just not true in Alaska since they sell at or near market value. As a result of that they get it to on a scale of 1 to 5.
Get a FREE worksheet
Now what I’d like to do is give you guys a worksheet for Alaska Tax Sales. Each one of these worksheets is several pages. Each one has all the information I just mentioned plus my personal notes for each state and then links to the states laws, other applicable websites, and links to every single County and in some cases municipality as in some of the northeastern states who run their auctions by city instead of by County. Finally, each worksheet has got a map of the state showing the counties for your convenience.
My New Book for Alaska Tax Sale Investors
The last thing I want to do is put a plug-in for my latest book, The Ultimate Dictionary of Real Estate Terms. If You are going to attempt Oregon Tax Sales Investing, this is a MUST HAVE book! This book is the consummate real estate reference on the market today. I took great pains to make sure that it’s the biggest thing out there. 4300 terms defined over 250 pages. The closest thing that’s even similar is something like 2500 definitions. You can get it at Barnes & Noble or Amazon or 200 other retailers throughout the world for about 20 bucks.
If you would like to have Alaska Tax Sales explained even more,
Click on one of the links below
Interested in Tax Sales in Another State?
Tax Sales investing is a niche that has the potential to be insanely profitable.
However, most investors do not have a deep understanding of this investing strategy.
Every state has a unique set of rules and regulations. There are some basic rules you need to understand as to how the process works. Generally, states will fall into one of three categories:
- Tax Lien States
- Tax Deed States
- Hybrid States
Hybrids are states who conduct their tax sales by selling tax deeds with a caveat. The deeds have a redemption period much like a tax lien certificate.
This map provides links to information for every state as well as Washington DC.