Growing up in the U.S Virgin Islands, the only major purchase made by families was usually the buying of land. Unlike in the U.S where people buy homes built by a builder, in the islands the process is done by buying land, getting an architect to help you design your layout, then hiring a contractor to build the final product, your HOME. In this article credit to
Jeff Frantz their is alternative in buying land at a discounted rate known as Tax Deeds. In a nutshell the property owner fails to pay the taxes on the land causing the govt to take control because of the default, in this situation you could become Superman and pay the tax debt off where the former owner can pay you back with interest on the money you fronted to them, to forfeiting the property to you at a discounted rate.
credit to the author Jeff Frantz
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