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Land Profit Generator Tips: Potential Pitfalls of IRS Liens on Propert

Potential Pitfalls of IRS Liens As stated in the new Land Profit Generator by Jack Bosch, IRS liens are incurred when a property owner does not pay their federal income taxes. Although they are rare, it is important to be knowledgeable about IRS liens because they do not go away. They are attached, like...

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Land Profit Generaor: How to Sell Property without using a Realtor

Posted by admin | Posted in Land Profit Generator | Posted on 30-10-2009

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Land Profit Generator:  How to Sell Property without Using a Realtor

When it comes to selling property, most people think they only have two options. Either use a realtor or offer it for sale by owner (FSBO). There are actually several other ways to sell your land fast, at the right price, without using either of these methods.  Here are several ways that our outlined in the new Land Profit Generator.

Here are just a few considerations for selling your property without a realtor.
• Before attempting to sell any property, you should make simple improvements. There are numerous options for improving a piece of land in order to attract the most number of possible buyers. These are relatively simple and inexpensive enhancements that can dramatically increase a property’s value. Be creative and take an objective look at your property.
• Give bartering a try. The concept of bartering or trading is experiencing resurgence in popularity. You can find a network with a quick internet search. Join the group and offer your property for sale. Once sold, you receive barter dollars that you can use to purchase services or products from other network members.
• Create your own webpage. Developing a webpage is fast and relatively inexpensive depending on the complexity of the site. If you are a remotely savvy computer user, you can even do it yourself. A simple Google search will give you plenty of information to get started. You can even find templates that make it extremely easy. Just be creative and selective with your content.
• Use eBay. eBay is the premier online auction site for buyers and sellers around the world. Take advantage of the sheer volume of potential buyers available here.
• Exchange your property as a down payment for another piece of real estate. Do a little networking to locate a builder or other investors who may have an interest in your property.
• Consider donating the property in order to take advantage of the tax benefits. If you choose to go this route, seek the advice of a qualified tax attorney or CPA. There are numerous legalities involved in this process, and a professional can help you navigate the pros and cons of such a transaction.
• Offer seller financing. In this scenario, you become the bank or note holder. Using this method, you can potentially increase the price tag of your property above market value. For example, if you purchase a property for $1,000 that is valued at $15,000, you could offer the property for $17,000 which includes a $2,000 down payment. You then finance the remaining $15,000 taking payments of $200 per month for eight to ten years yielding a ten to thirteen percent rate of return.

For more information on my techniques or to learn the other secrets offered in the new Land Profit Generator, please visit http://www.landprofitsreview.com. Also, you will have the opportunity to sign up for our free list that brings real estate investing tips and discounts right to your inbox. No spam, just content!

Land Profit Generator: How to Find the Right Land

Posted by admin | Posted in Land Profit Generator | Posted on 30-10-2009

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Land Profit Generator:  How to Find the Right Land

Once you have made the decision to begin investing in real estate, you want to consider raw land as part of your investment strategy. A well chosen piece of undeveloped property can exponentially increase your initial investment. The great news is there is still plenty of vacant land available for you to purchase at a fraction of its real value. So, how do you go about finding these gems?  The Land Profit Generator will show you the way.

There are numerous ways to locate any type of real estate including raw land. One of the first places to check papers is going to be your local paper. There are also regional, national, and trade papers that contain valuable real estate listings. Property may also be offered by real estate brokers, or advertised on bulletin boards, and even using homemade signs placed along the roadside. You just have to be willing to dig deep to find the best deals. The internet is another great resource for finding bargain property.

You could start by visiting the county treasurer’s office in the area you want to buy. Here you will find lists of owners who are delinquent on their taxes. Contact them directly to gauge their level of interest in selling. Just remember to be polite and friendly. You do not want to create an uncomfortable situation for the individual. The best case scenario is to find an owner who lives out of state. They are usually pretty willing to deal just to avoid the hassles and expense of a long distance sale.

As you do speak with property owners, you will find that most people who are delinquent have either simply lost interest in the property, did not want it to begin with, or just do not have the ability to pay the taxes. And occasionally, you will find a person who forgot to pay the taxes and now do not want to incur the fees and penalties associated with delinquency. Regardless of the specific reason, you have nothing to lose by simply asking if they are interested in getting rid of the property. This is how I got started with real estate investing, and the rewards have been substantial. I buy the land at an incredibly discounted rate then quickly sell it to another investor. Believe it or not, I can get the property so cheap, that another investor will have no problem making money for him on the same property.

Find out how to invest like the pros at http://www.landprofitsreview.com. Be sure to look for information about my course, the Land Profit Generator. Also, you will have the opportunity to sign up for our free list that brings real estate investing tips and discounts right to your inbox. No spam, just content!

Land Profit Generator: How to do a Title Search before a Tax Sale

Posted by admin | Posted in Land Profit Generator | Posted on 30-10-2009

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Land Profit Generator:  How to do a Title Search before a Tax Lien Sale

Are you planning to attend a tax lien or tax deed sale? Is there a specific property that you are interested in? If so, you must do a title search beforehand in order to ensure that you are not purchasing any title headaches.

Before investing in any real estate, it is critical to do some background research on the property. Your research is not complete until you have done a thorough title search on the property. A title search alerts you to any liens or claims against the property. In the event you purchase real estate that does not have a “free and clear” title, you become legally responsible for any liens against the property.  Doing a proper title search is one of the teachings found in the new Land Profit Generator.

I do not always recommend hiring a title company to do this for you. Why invest money for a service when you may not even buy the property? You can easily do this on your own by following a few simple steps.
1. Your first stop should always be the county records office. This office will have various names depending on the county and state involved. You are looking for the county official who keeps records of all real estate transactions such as deeds, mortgages, and liens. Specifically, look for the “Grantor/Grantee” index. The grantor is typically the seller. The grantee is usually the buyer. Conveniently, most counties provide online access to this information.
2. Once you’ve located the index, look for the name of the property owner. The index is usually organized not only by name, but also by book, page, and legal description. You can search the index using any of these details and find all associated documents for the property you are interested in.
3. After locating the property in the index, go through all the documents available. Keep an eye out for things such as IRS tax liens, bankruptcies, environmental claims, and mortgages. If a bank is holding a mortgage, they are unlikely to allow a property to go due to taxes.
4. In general, if you find any of these issues, you will want to avoid purchasing the property in most cases. There are plenty of other options available without all the headaches.
5. After you get used to this process, expect to spend only five to ten minutes per property.

Never skip doing a title search. A few simple steps up front will save you a lot of obstacles later on. For more information on my course, the Land Profit Generator, visit http://www.landprofitsreview.com. Also, you will have the opportunity to sign up for our free list that brings real estate investing tips and discounts right to your inbox. No spam, just content!

Land Profit Generator: How to Buy Tax Delinquint Property

Posted by admin | Posted in Land Profit Generator | Posted on 30-10-2009

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Land Profit Generator:  How to Buy Tax Delinquent Property 

Figuring out how to navigate the various county offices can be frustrating, but it is absolutely necessary to be successful in the tax delinquent investment business. When I began investing in tax delinquent properties, I was not only confused by what each department’s function was, but I was also unsure about how to use their services.  Below you will find several steps that are included in the new Land Profit Generator by Jack Bosch.

There are typically three to five departments that you will work with when investing in tax delinquent properties. Sometimes the names vary from county to county and state to state, but this overview should get you started.

1. Treasurer/Tax Collector’s Office – As the name suggests, this is the office that collects property taxes. Here you can find the amount of taxes owed on delinquent properties. They can also tell you when the next tax lien or tax deed sale will be. Additionally, some states allow over the counter purchases of tax liens and tax deeds following the auction. So you would do this here as well

2. Assessor – The county assessor determines property values for taxing purposes. Perhaps you have received a “Property Tax Valuation Notice” from this office giving the estimated value of your property. When real estate is sold, the assessor is notified of the sale price as well as some of the terms of the sale. This gives them the ability to assess the value of all property in the county. You may also find that the assessor’s office has copies of all property maps or plat maps. While these maps are available from the records office, they are typically in large, non-user friendly formats. The assessor has maps in more convenient formats and sizes. The assessor is my first stop when I’m looking at multiple properties. Getting copies of all the plat maps helps me easily locate the properties I am looking for.

3. Clerk/Recorder – Here you will find all recorded documents in the history of the county. Records such as ownership changes, deeds, agreements, mortgages, liens, and court judgments are kept here. Depending on the county, records may be stored in electronic format, paper or microfiche. You will find that most counties have converted from paper and microfiche to electronic format. The records are sorted chronologically by book and page providing the ability to do a detailed title search.

4. Mapping department – I primarily use the mapping department when I need a comprehensive county map with roads and reference points. These maps are typically available for a nominal fee of around $10. Additionally, if the assessor does not have copies of the plat maps, you can get them here.

5. Planning and Zoning – If you have questions about what is permitted to be built on a particular property, you will need to consult the planning and zoning department. You can also check for limitations of allowed uses. For instance, if you want to bid on a property with a house that is located on a busy intersection, you will want to see if the property is zoned for commercial or residential use. In the case of a vacant lot on the edge of town, you definitely want to confirm how the property is zoned. It may be possible to have the property rezoned to significantly increase the property’s value.

Check out http://www.landprofitsreview.com for more tips and information about the new Jack Bosch course, the Land Profit Generator. Also, you will have the opportunity to sign up for our free list that brings real estate investing tips and discounts right to your inbox. No spam, just content!

Land Profit Generator: How to Buy Property for as little as $100 Free and Clear

Posted by admin | Posted in Land Profit Generator | Posted on 30-10-2009

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Land Profit Generator:  How to Buy Property for as Little as $100 Free and Clear

Have you ever seen one of those infomercials claiming that it is possible to buy prime real estate worth thousands for only a $100? Of course! We have all seen these advertisements and have wondered if it really is as easy as they say. Like most people, it probably captured your interest briefly, but not enough for you to actually give it a try.  In the new Land Profit Generator by Jack Bosch, we will show you how it is accomplished.

The difference between you and me is that I did decide to give it a shot. I bought a manual in 1999 that promised to show how to purchase tax delinquent properties for just hundreds of dollars. The initial results were dismal to say the least. I stuck it out anyway and learned through trial and error what worked and what didn’t. In 2002, I was finally able to put all the pieces together to create a system that really works. Since then, I have participated in over 5,000 transactions and have been successful in all financial market climates.

Before I tell you about how the system works, let me explain how I started. I was basically advised to send out letters to property owners offering a small token payment such as $50 for their property. How well do you think this strategy worked? You are right! It didn’t work well at all. Although this seemed like an exercise in futility, I eventually came to an important realization. Those who did respond had one thing in common. They owed property taxes and, for whatever reason, were willing to let the property go rather than pay the taxes. In reality, many of these people were about to lose the property to a tax foreclosure anyway.

So I adjusted my strategy and developed a system that allows me to locate these individuals in mass and target my letters to their situation and offer them slightly more than $50. My system dramatically increases the odds that if I send X number of letters and receive Y number of responses; I’ll buy Z number of properties. You won’t have to make any cold calls, and sales experience is not necessary. The land owner contacts you if they are interested. You provide a written offer which they either accept or reject, all without any uncomfortable negotiations. It really is that simple.

This isn’t a matter of guessing, gambling, or hoping. I offer a targeted, systematic approach that uses a simple formula. For more information on how you can achieve success investing in real estate visit my website http://www.landprofitsreview.com and look for information on my friend Jack Bosch’s new course, the Land Profit Generator. Also, you will have the opportunity to sign up for our free list that brings real estate investing tips and discounts right to your inbox. No spam, just content!