This Post Features Kansas Tax Sales Explained, A Video posted on YouTube on May 16, 2020.
Kansas tax sales occur each year during the months of April through December. All Kansas tax sales are tax deed auctions and happen on location, “In-Person”. Most Counties start the bidding at the lien amount. There are a few counties that allow buyers to bid BELOW the lien amount. This makes Kansas a HIGHLY desirable State in which to buy Tax Deed Properties. For Example, Leavenworth County requires a $50 minimum bid. Sedgwick County does not even have a minimum bid.
More Facts about Kansas:
The deed to the property sells to the highest bidder. The County District Court will conduct a hearing to decide whether or not to confirm the sales. This occurs around three weeks after the sale. Once the sale is “confirmed”, the Sheriff will issue a Sheriff’s Deed to the winning bidder. Properties that did not sell at the auction may have a chance at a later auction. They may also sell on a negotiated offer basis depending on the county. Kansas is not an over-the-counter state but county to county that may be different. You’ll have to check in the county that you’re interested in.
That said, I love this state. One of the great points to Kansas tax sales is the scheduling. Since the auctions transpire over a longer length of time compared to other states. If you want to build a rental portfolio this would be one of the great places to do it. I give them a rating of 3 out of 5.
A Shameless Plug..
The last thing I’d like to mention is this. Recently, I released a 259-page book. The title is The Ultimate Dictionary of Real Estate Terms. If you plan to attempt investing in Minnesota tax sales then this book is a MUST HAVE! Scouring the Internet, I worked with other authors’ books. Now, I deliver you guys a reference that has defined more than 4300 terms related to real estate. It’s available at Amazon and Barnes & Noble and about 200 other retailers. The price is around $20 but at the end of this post, I will show you how you can get it for free.
If you would like to have Kansas 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.
