Tax deeds - research

[Will Wren]

I have been researching tax deed and tax lien investing. It is something I would love to implement soon. However, I am struggling to figure out all the research I need to have done on the properties. Im located near Raleigh NC and would love to chat with somebody who has done it, I would love to help out by taking pictures of properties if you are not in the area. Or any other way I can help out.  Or if anybody knows where I can find a course or information on how it would be greatly appreciated. 

[Chris Martin]

First, realize that NC is not a tax certificate state. Counties hold tax sales as foreclosure sales per NCGS (NC General Statutes) § 105-374. Foreclosure of tax lien. The details pf NC tax liens and foreclosures are spelled out in Article 26 of Chapter 105 of NCGS entitled Taxation. 

Personally, I have attended a grand total of one tax sale for an unimproved parcel (raw land) in Harnett County. Tax sales were not my specialty. I focused on first lien D-T foreclosure sales and attended well over 100 such events. 

I have found that, in general, people stop paying property tax on unimproved parcels that I would consider junk. Here's a link to the Wake County list of potential tax lien foreclosure sales. Keep in mind that improved parcels may have other liens, specifically first D-T (Deed of Trust) that you should consider before bidding. 

Good luck with your research.