Numerous
websites
have popped up offering to sell you information on how to buy and sell Tax Deeds and
Tax Liens. Many have jumped on the bandwagon trying to cash in on the
opportunities to make money in this specialized field of real estate.
They offer courses with pricey weekend seminars, motivational speakers and
slickly packaged manuals with self help DVD's and of course the infomercials
both on TV and YouTube. Some offer you paid subscriptions to sales
lists and auction venues which are generally free if you know where to go.
The basic theme with all of these is that you can make thousands of dollars
with very little experience, almost no effort and for a relatively small investment.
Be very careful because you get what you pay for and it will depend on what you purchase, how much you
pay for it, where it is located and most importantly if you
can legally resell it in a timely manner. This is what will
determine your eventual success.
- No Better Time
Too
many of these tax deed and lien overnight "Gurus" do a disservice
to people by giving them incomplete, misleading and often incorrect information.
Their money is made from hosting seminars, the sale of their course materials
and administration fees. You can pay thousands of dollars for
their material without receiving a dollar in return. At the
end of which you might well be saying, now that I have all of this what do I do
next?
They can be
easily spotted because they will use terms such as "buying houses wholesale"
(there is no such thing as a wholesale house); or buying houses with
"built-in equity" (equity cannot be built-in as it fluctuates and is determined by
factors affecting the market price); or
"flipping a house for instant big profits" (impossible without
first addressing
redemption statutes, insurable ownership issues, new valuation issues,
as compliant with predatory lender constraints in place today); and of course the
newly invented term of "ARV" or "After Repaired Value" (the implied but
unverified value placed on a house after it is renovated. There is
no way to predetermine this value accurately without first obtaining a
reliable appraisal and only after renovations have been completed). This is
all nonsense and will land
you in trouble.
Do Your "Due Diligence" 
Real
Estate fraud is the #1 fraud perpetrated in the country, surpassing personal
identity theft according to the F.B.I. The real estate
"bubble" burst in 2007 is testimony to this. There have been
companies, banks,
appraisers, mortgage loan officers, property managers, attorneys and real estate agents
who have
been involved and convicted for fraudulent "flipping" or
"flopping" schemes.
Before deciding on
who to go with, you need good, reliable information. Check them
out
. What are
their credentials? Do they have a physical office presence? How long have they been in business?
How long have they been involved in tax deed and lien sales? Check
public records for any complaints. Find out if they are licensed
and bonded. Here's why this is important:
-
√
If they are licensed = They are regulated =
You have oversight and recourse.
-
√
If they are bonded
= They are insured =
You are protected against losses by fraud.
Only 2
Ways
to become successful
The first,
is to
learn yourself and go it
alone, by getting all of the correct information from the right
sources, studying it, learning it then having learned what to do, to have the confidence in knowing
exactly how to do it.
If you have the time to devote and you are a good student, if you have at least a general understanding of
real estate to begin undertaking all of the numerous tasks to make a sound
analysis, conduct thorough "due
diligence", have the financial resources to travel to auction venues, obtain a clear and marketable title
which will include "quieting the title", organize and supervise
renovations and
finally market it to a successful
resale.
The Second,
is to start by going with someone as a
co-partner, with a good
reputation, who has been doing this for sometime. A fulltime
working partner who knows how
to
determine a good property, buy it at the right price, schedule and
oversee renovations, supervise the marketing to
successful resale. This is
exactly the oversight partnership we offer. It sets our program apart from the others.
Find out more by getting some information on exactly what we can offer:
Ask yourself this question. Would you go into court without an
attorney at your side? Would you go into surgery without a
surgeon at your side? Despite what others may have you believe, this is a
highly specialized field requiring great attention to detail and the
Law and there are certainly risks to the uninformed. Don't go into it without having a
real estate professional who is knowledgeable with tax deeds
at your side. Preferably someone who will be an equal co-partner who will not only share any downside risk
with you, but who will only make money when you do.
"Turnkey"
Investment
We do this full
time and this is all we do. We have more than 40 years experience in the field of real estate
in back of us, the past 19 of which have been dedicated
exclusively to the
purchase and resale of Tax Deeds, Tax Lien Certificates and Federal Judicial Sales
of undervalued properties.
We have an established network of real
estate professionals stretching across the United States. In-other-words, we
know what to do and how to do it correctly. We are one of the
first to develop a cooperative venture program for people in this remarkable field and we are still here, growing
and prospering. Many competitors have come and many have gone during that
time.
In a joint venture with us we are invested with you as both your co-partner and mentor, we will gladly will teach you
how to do this so you can be successful on your own one day. There
is no cost to you and we do not charge administrative or management
fees. Certain restrictions may apply.
"Buying Real Estate is the best way to become wealthy"
Marshall Fields
Built-in
Safeguards
With the current
state of the economy, we are in uncertain times especially when it comes
to making prudent investments of any kind. Recovery will almost certainly be
slow in other markets. However, when it comes to investing in Tax
Deeds, general economic conditions are never a factor. Keep in
mind that everything is cyclic and that real estate is a
local market
meaning not all real estate is the same in its price volatility. We only target those localities which are stable, always in demand and
the least affected by the general downward trends. It's a fact,
that real estate cannot purchased by any other method for a lower
price period!
"Real Estate is the basis for all wealth" Theodore
Roosevelt
Can real
estate really be purchased for "pennies on the dollar"?
Yes it can,
but know that you always get what you pay for!
