Welcome to another episode of AskAlHow. I’m your host Allan Susoeff. This video is part of my series where I explain the methods and procedure for Tax Sales in each state. In this post, I will discuss Missouri Tax Sales.
This post features New YorkTax Sales Explained, A video posted on YouTube on April 17, 2020.
New York Tax Sales Explained
New York is a Hybrid State which is a deed state that acts as a lien state. On top of that New York Tax Sales allow both tax lien certificates and tax deed auctions which can make things a bit confusing.
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.