Welcome to another episode of AskAlHow. I’m your host Allan Susoeff.

This post explains Minnesota Tax Sales.

It comes from the video, Minnesota Tax Sales Explained available on my YouTube Channel. Today’s video will explain the basics of Minnesota Tax Sales.

 

 

Minnesota Tax Sales Facts:

 
Minnesota has 87 counties and is a deed state.
 
In Minnesota, Tax delinquent properties relinquish to the state in May of each year.
 
Some of the Minnesota counties permit mail-in bids if recieved before the auction. The minimum bid for Minnesota tax deed properties is set at the full assessed value of the property.
 
ALL Auctions occur in person
 
Minnesota’s annual tax deed auctions take place during the fall months. The tax sale auctions are all held on location. Minnesota uses the Premium Bid method at the auctions.
 
Properties are available over the counter after the auction. Unsold tax deed properties sell at a private sale on a first come first serve basis. all an investor must do is pay the appraised value of the property. Price changes are not allowed; unless the parcel is re-appraised, advertised, and again offered at public sale.
 
Full assessed value tends to mean you will get properties for between 25% and 50% of market value. Great if you are flipping or a landlord. I give Minnesota 3 out of 5.
 

An Awesome Resource for Tax Sale Investors

Something else that I’d like to mention. 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 Minnesota Tax Sales explained even more,

Click on one of the links below

 

 

For the Tax Sales Course

Click Here:

Interested in Other States? 

Click Here:

To Get the FREE State Worksheet

Click Here:

For the Ultimate Real Estate Dictionary

Click Here:

For the Tax Sales Course

Click Here:

Interested in Other States? 

Click Here:

To Get the FREE State Worksheet

Click Here:

For the Ultimate Real Estate Dictionary

Click Here:

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.