Why Deed Grabbing Works

by Joseph Saunders

Looking to increase your income? Start investing in tax property. Tax property presents far fewer headaches than other property types, but is still as or more profitable. The only surefire way to get tax property for less than $200 is outside auction – here’s how.

1. Forget bidding at tax sale. There aren’t bargains to be had anymore… too much competition. Lot of new bidders and big tax invesment companies ensure this. Not only that, but these homes can’t be inspected before purchase. Major structural problems or cosmetic damage could lie within. To get tax sale property, you’ll have to go another direction.

2. You’ll buy property at the end of the redemption period after tax sale. At this point, most properties left are free and clear. The properties that are left will likely stay unredeemed and be lost to the government. This is where you’ll find your best opportunity for deal-making.

3. Find phone numbers for these owners. The owners can usually be found easily – often by just searching them on Facebook! You’ll want to look especially hard for a phone number – it’ll make things a lot easier.

4. Talk to the owner, and offer to take their deed off their hands. Word your offer so that you are paying for their time, and offer $200. You may be shocked to see how many are just glad to get the deed out of their name.

5. Pay off the taxes or sell. If you have the money, pay off the taxes and try to sell for retail, or rent it out. You can still profit even if you don’t pay the taxes by pricing the property to sell quickly before the end of the redemption period. Use this technique, and make six figures in real estate in your first year. And it just so happens that a bad economy creates the perfect conditions for you to jump right into the business. Click here for more info

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Deed Grabbing 101

by Joseph Saunders

Regardless of your experience level or bank balance, if you know what you’re doing, you can make a lot of money in real estate. What you really need to comprehend fully is how to buy property, what type of property to buy, and – important – when to buy it. What’s this “secret” property? Tax sale property… but only bought after the tax sale.

Tax sale is not the place to get this property. In case you need convincing, consider this. Competitive bidding almost never allows a property to be sold for a real bargain. Additionally, this is property you can’t even visit before bidding. It could be a total pit, once you end up seeing it. Don’t bother with tax sale. The owners usually redeem the property anyway, leaving you empty-handed.

That all doesn’t affect you. You’ll be getting your properties an entirely different way. The owners of the tax properties are who you’ll be going after, but only at the very end of the redemption period. Surprisingly, many of the owners that are left unredeemed at this point just don’t want the property.

These are the owners that will sell to you for cheap. Frequently, you’ll find these owners inherited the property and live across the country. They don’t want the property, or to pay the taxes. Getting their deeds are as simple as asking for them. Tell them it’ll only take a few minutes to sign the paperwork, and you’ll pay them $200 for their time. Then pay the back taxes and it’s yours! Or sell quickly, and take your profits before the end of the redemption period.

Using this technique will get you as many $200 properties as you like. Don’t start tomorrow, or next week – get going on this now.

If you thought that was cool, you’re going to love this. generally, when a property is bought at auction for more than the taxes, the extra amount belongs to the owners. But the poor owners usually don’t know this. They’ve often moved, and thus don’t get any notice that’s sent to the tax sale address. Unfortunately for the owner, if they don’t collect the money in time, they’ll lose it – permanently.

But since this money is held outside the state level, the funds aren’t subject to money finder laws (in most states). So if you can find the owners, you can charge up to 50% as a finder’s recovery fee. And since these overages are often for high amounts, you can easily make a huge income from them. Click here for more info

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Deed Grabbers See a Spike In Recent Returns

July 2, 2011

Looking to increase your income? Start investing in tax property. There’s a lot of opportunity out there right now if you know what you’re doing. You should learn to buy tax property outside the auction for the best profits. Here’s how. 1. Don’t bother with the tax foreclosure auction. The bidding process ensures that all [...]

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Learning To Be A Deed Grabber

July 1, 2011

Donald Trump’s no fool – he invests in real estate because it’s the best way to get rich. Even if you have zero experience in the real estate industry, you can start a huge success if you know the right property to buy, and how to get it. We’re talking about tax sale property – [...]

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