ALLAN Susoeff here with AskAlHow. This Post Features Wisconsin Tax Sales Explained, A video posted on YouTube on April 30, 2020.
Wisconsin Tax Sales Explained
The state of Wisconsin has 72 counties and is a deed state. Technically they sell properties by Premium Bid but that’s not exactly true. Also they do allow over-the-counter but again the way they do it is a little bit different than the rest of the states. Now before I can to the next slide let me be honest and tell you guys I’ve never done anything in with Wisconsin and there’s a reason for that.
Wisconsin is a tax deed state, but I DO NOT recommend it for investors. Properties are not sold by auction. Delinquent tax properties are foreclosed by the county and sold at market value. Not only is that NOT good deal for the tax deed investor but on top of that, a non-warranty quitclaim deed is issued and properties are sold “as-is.” Bear in mind that the county’s value is typically less than the real value, but still, one will need to really do their due diligence here.
An Awesome Resource for Tax Sale Investors
If you would like to have Wisconsin Tax Sales explained even more,
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.
