What are some good ways to invest in realestate? The few that I am familiar with is: - buying a home and renting it out -Buying land cheap, having a house build there cheap(if possible) and selling -And something dealing with property tax, which I want someone to explain to me what that is and how I go about that. I am new to it, but very much interested in the various ways to invest.
The property tax thing you mention is probably dealing with people who owe too much property tax and so are forced to sell. In the US, the tax liability transfers with ownership, so you can often buy real estate cheaply (potentially well below value) by purchasing from people who cannot pay their taxes, and taking on the tax liability yourself. It's called a Tax Lien. This is a US specific thing and not relevant to us here in Australia.
