Are There Tax Implications On A Quitclaim Deed?

Have you heard of quitclaim deeds? Do you want to know if there are tax implications on a quitclaim deed? If you do, then just watch this video to learn what you need to do if you get one!

Key Moments In This Episode:
00:00 Intro & Summary
01:03 Quitclaim Deeds
01:59 Implications
04:53 Example
07:25 GIS Maps
08:56 Don't Do These

Learn more about Ted Thomas

Ted is an American Original - teaching people just like you for over 30 years how to buy houses in good neighborhoods for 30% to 50% of their market value. He teaches how you can sell properties fast for thousands in profit, and how you can ‘rinse and repeat’ this process over and over again - just like his students have - and make your financial dreams a reality.

Ted Thomas is America´s Tax Lien Certificate and Tax Deeds Authority. As an international speaker, Ted has dedicated himself to finding and teaching the best, and safest, investment strategies. He teaches how to create wealth with minimum risk with easy-to-learn methods. Ted’s strategies developed over decades of successful real estate investing can help everyone. From regular hard-working families, to senior citizens, to young families and professionals.

Ted chose to teach Tax Lien Certificate and Tax Defaulted Property investing because it is Certain, Predictable, and Secure. He is a specialist at teaching Advanced Tax Lien Certificate and the Tax Defaulted Auction processes and concepts to investors and professionals. Industry insiders consider Ted Thomas to be America’s Tax Lien Certificate and Tax Deed Authority. In the past three decades, he has pioneered many new techniques and strategies for Investors and Professionals.
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60 - Quitclaim Deed Tax Implications - SOLO

[breezexue]

I love your video Mr.Ted! So clear and always clear my confusions ❤

[letgo]

I’m so glad I watched this! Now I understand what a quit claim deed really means and what to watch for, thank you 🙂

[caddesignline]

Im so glad im listen to ted.if mostly counties also give us a quit claim deed in tax deed we bought, could we also sell the same property using the Quit claim deed to the buyer?

[marydoxsey]

do you know where I can download a Florida quit claim form?

[andrejerry]

I’m SO glad I ran across Ted and his coaches. Tax lien and tax deed investing is just the type of passive income opportunity I was looking for. I signed-up for his coaching yesterday and look forward to making my first deal! 🏠 💵 🚀

[dianaridgway]

I am removing a name from my property and after listening to your video I feel like a quick claim deed would hurt me because he me have received liens against the property for money owed. Would I be responsible for paying back those liens even though they’re in his name?

[robertbain]

Thank you for your content! Just got divorce papers ex wifes law attorney wants me to sign quit claim for payoff researching if this is non good

[chrismartind.]

I’ve heard the term “quiet title”. What does that mean?

[rhondagenesis]

How does the seller get paid by the buyer in a quit claim deed? and would the buyer ever give money to the bank instead of the seller? Thank you!

[christinam]

Why do quit claim deeds cause taxes to increase ??

[-BROWNMONK-]

So basically, flipping a quit claim deed is taking someone’s financial problems with the home and selling those problems to someone who specializes in sorting out the problems and restoring the property to good standing?! Am i understanding it correctly?!