Of all the ways you can go about property investment buying, one field beats all the rest: tax foreclosures. Tax properties that makes it all the way to, and through, the tax sale, all have one thing in common: they don’t have a mortgage. Yep. Free and clear, and that’s what you want to go after when buying property.
Within this niche there is also a right and wrong way to go about property investment buying. Attending the tax sale auction will likely be a waste of your time. The competition has made it all but impossible to get a really good deal on anything, and if you buy a property at tax sale, you’ll have no way to inspect it beforehand. That’s quite the opposite of smart investing.
The only surefire way to know what you’re getting, and to get a really profitable deal, is to wait until after the tax sale has already happened, and the owner is about to lose their property. This is usually about 9 months after the tax sale, in states where there is a year redemption period. When it gets that close to the final foreclosure date, owners are resigned to losing their homes and are ready to make all kinds of deals with you to let go of their deed for as little as a few hundred dollars.
If property investment buying is what you’re after, and you’re looking for motivated sellers, there’s no better time than a few months before that redemption period’s up.
Another little secret you should add to your repertoire: collecting tax sale overages. You can usually do both of these strategies simultaneously with some overlapping information (or make collecting overages your full-time career and work all over the country). When there is more bid at auction than is owed in taxes, the overage is usually due back to the owner in both tax and mortgage foreclosure cases. But for some reason, many owners don’t realize this and they never collect the money.
Since these funds aren’t subject to state laws governing finder’s fee caps, you can charge 30-50% for your information and assistance in collecting for these owners. You can imagine the rate at which these overages are being created with the skyrocketing foreclosure rate right now. Without people to reconnect these owners with their funds, the money is lost, usually within a few years, to the government agency holding it. There’s a great need for this service, and there’s never been a better time to break into these fields.
So where to find records of these funds, and how to find their owners? Read the *free* Hooked On Overages “Insider’s Guide.” Visit http://Tax-Sale-Overages.com now.
Or, learn insider deedgrabbing strategies from this *free* report. Visit http://DeedGrabber.net now.
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