Hi Michael: Property taxes not paid are handeled differently in most states from what I/ve read. In MN it takes about 7 years non payment on a home before the county could get it back at the earliest. In Arizona, one Winter, I checked into it a little. There one can pay the taxes and then inform the owner of record that they need to now pay you plus interest or you get the property.. Back in MN I bought about 20 empty building sites near the NWest end of the Lake Minnetonka area. I spent most of the Winter learning at lot before jumping in. I bought a copy of local zoning codes. almost 25 large plat maps. Copies of most of the "As-Built" sewer and water lines and etc.. etcc.. before buying most of those 20 building sites.. Plus I had records of soil cnditions etc.. I made good $$$ on over 15 site and small gains on 3 and broke even on 2. It was sorta like a "game" to me at first. It sure kept me busy from Dec to mid Feb a couple Winters and it padded my retirement fund more then any bank or stock market could have.. Summary? I repeated by buying about 15 more later on. So.. Tax forfit property is well worth looking into if you have time during normal business hours to search Court House and City Hall etc for info.. and a good understanding of Real Estate in that area.. and it HAS TO BE a "GOOD GROWTH" Area. ag
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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