What are all the rich guys you know investing in? real estate. If you’re smart, you’ll also participate, regardless of whether you’re rolling in the dough. The only thing you really need to know to be successful in buying real estate is what to buy and how to buy it. (Hint: you can get it, even if you don’t have a lot of money.) Buying tax delinquent properties is your path to wealth. Here’s how to buy tax-delinquent property outside of the tax sale, for as little as $200.

The tax sale is the last place you want to try to buy tax delinquent property. With the number of competitors you’ll find there, the chance of getting a property for a real bargain is close to zero. Do you want another reason? You cannot inspect the property first and have to pay your offer in advance, without ever seeing the property. Then most of the time homeowners find a way to salvage their house before you get it anyway.

Does this mean there is no way to really benefit from buying tax delinquent property? Of course not! The owners of the tax properties are who you will go to, but only at the end of the redemption period. People who still haven’t paid their property taxes at this point probably don’t want the property anymore and are letting it go. Buying tax delinquent properties from these owners is easy.

These owners generally do not live on the property; they are owners or heirs, and they no longer want to have problems. They are already renting the property, so ask them if they would mind signing over the deed to you. The necessary paperwork could take an hour to complete – offer them $200 for their time. Then just pay the taxes and you are the new owner! Or price it low and sell immediately for thousands of dollars in profit. Buying tax delinquent properties and profiting from them is that easy.

Get started with this technique today, and before you know it, you’ll be buying $200 tax delinquent properties left and right. Strike while the iron is hot: The foreclosure rate has produced a plethora of foreclosures for you to chase, and there’s no time like the present.