1.Money is made at the buy, not the sell of your flip. When flipping a house your money is made at the purchase not at the sell of the house. So, many times people buy a house with the intensions of making a huge profit only to find out that they could not make any money after all the renovations because the purchased price of the house was to high.

California property taxes are due in two equal installments. The first installment is due November 1 and delinquent December 10th. The second installment is due February 1 and delinquent April 10th. Late payments adds a 10% penalty to the property tax bill. Unpaid properties are considered tax defaulted if not paid in full by June 30 of each year. Starting July 1, title to these parcels is vested in the name of the state and interest on any unpaid bill begins to accrue at a rate of 1.5% per month (18% per annum).

2. Get an inspection on the home – Get a complete inspection done on your property. By, spending a few hundred dollars on this expense you can save thousands in problems that you cannot see. Foundation, Pest, Wood Rot, Etc… By, getting a full inspection you can rest assured that you know every thing that is wrong with the property before its to late. In the contact for the house you need to make sure that you have 7 days to have a inspection preformed, and if the inspection finds problems that are going to cost more money that you are willing to spend you can get out of the contract with no penalties.

3. Don’t do the work yourself: – Get a contractor or several sub-contractors and have the work done quickly. You need to have you house flipped ASAP, so that you can get it on the market and get it sold. When I started flipping my brother and me did a house together, and we did all the construction. I had a construction background and figured it would save thousands, but it took us over 4 months to get the work done that a contractor could have had the work done in a month.

But, we trying to save money on our flip did all the work on our time off and after work, and it just took to long. On our 2′nd flip we used contractors for almost everything and had the house completely flipped with a new roof, new air conditioning, new hardwood, and much more in only 3 weeks. We did not have to spend all our time working on the property and were able to spend that time looking for the next deal. This is how you get rich in real estate.

California Tax Deed Sale Payment Plans.According to California statute, and at their discretion, California county tax collectors may offer a “payment plan” for properties that sell for over a threshold amount. This “threshold” varies by county and can vary year to year. Generally, in a “payment plan”, the county requires the threshold amount and the remaining balance on the tax deed is due within 90 days of the tax deed sale. The property title is not transferred to the tax deed purchaser until the tax collector receives payment in full.

Tip Four – Accessibility and Desirability.If you’re thinking about making an income from your vacation home or even hoping to holiday in it yourself regularly, one of the most important factors to bear in mind is the accessibility or otherwise of your vacation home. If your real estate is difficult to reach, with many miles to traverse and complicated and expensive plane journeys to plan, then it will just become a less desirable commodity over time. While a vacation involves getting away from it all and escaping every day life, a vacation destination and home should be easy and affordable to reach.

5. Use a real estate agent – Do not try to sell you house on your own. Harness the power of a real estate agent and the power of the MLS system. When you do a FSBO you are depending on people driving by your house and seeing you sign, with a real estate agent you have some one actively marketing you house to get it sold. Once again this will free up more time for you to look for more great deals. If you want to help the process I have found that craigslist and listing you house in google adwords help to, but I use these tools with the help of a agent to make sure I have all my bases covered.

Are you looking for a better way to invest your money in 2010 and beyond? Or maybe you are just looking to make a little (or a lot) of extra money on the side? Then, you owe it to yourself to find out more about tax lien and tax deed investing.

Looking to find the best deal on Houses for Sale in California, then visit www.yoursite.com to find the best advice on Real Estate for you.