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...
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The Lowdown on Land Profit Generator
by Jack Bosch:
After spending some time going through the Land Profit Generator course, I can honestly say that it is one the best courses that I have seen in a long time for long term real estate investors. The focus is to get in contact with people who are behind on their property taxes and to attempt to buy the property before it is sent to auction by the county. Great plan! We have tried it, and it works! You can often pick up the property for little more (if any) than the taxes owed. Delinquint tax property will always be around and this program would be an excellent tool for your long term investing business. Almost no competition, and an endless supply of leads.
Jack has done over 5500 transactions in the last 7 years using the Land Profit Generator program, and has made a lot of money! This is not just another guru selling information, this a guy that is actually buying and selling property every day. He first came out with a course last year called Land Profit Formula, which sold out very quickly. After working with these original students for a year, he decided to improve the course to include more items to cover the needs of all of his students. I am certain that his new course will sell out very quickly as well.
Basically, the Land Profit Generator course teaches you how to contact people who are delinquint on their property taxes and purchase the property before it goes to a tax deed or tax lien sale. He teaches you who to contact to get a list of these people, which leads are best to follow up with, how to contact them, what to say to them, how to put it under contract, and then how to sell it! Very comprehensive, and he even offers support to help get your system set-up.
Sign up at http://www.landprofitsreview.com to be added to our list to be notified when Land Profit Generator will be available and we will work out a disount or rebate program for you when the time comes, but only if you purchase through us will you get the best deal!
In the Land Profit Generator, you will become familiar with redeemable tax deeds? In most states offering tax deeds, the redemption period ends one day before the tax deed sale, but there are a couple of notable exceptions, including Texas. In Texas you can find “redemption tax deeds” also known as “redeemable tax deeds.”
In Texas, counties can auction property after it has been tax delinquent for two years. Many counties in Texas conduct auctions as frequently as once a month, and there is a continuous stream of valuable real estate available to the highest bidder. Contact your local clerk’s office or central appraisal office to find out how often that they auction property.
The distinction of Texas tax deed sales is that the previous owner has the option to redeem the property for up to six months in most cases, or in some cases, up to two years if the property was classified as a homestead. If the property is redeemed within the redemption period, the property owner pays a hefty penalty equal to 25% of the highest bid.
To put it in perspective, if a property sells for $20,000 at a tax deed sale, and the owner redeems it within one month, he pays $20,000 plus the 25% fee of $5,000 for a total of $25,000. As the investor, you can earn a 25% return within a month which translates to an annual return of 300% if done repeatedly.
Here’s a quick money saving tip for you, do not put any money into the property that you purchase until the redemption period is over. If you do, and the property is redeemed, you will lose the money that you have put into improvements.
To learn more about redeemable tax deeds or my course, the 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!
As you will learn in the Land Profit Generator, a marketable title is one in which there are no liens and the line of ownership is very straightforward. You want to make sure that you can trace the chain of title from one owner to another without finding an unpaid lien or unrecorded death certificate.
If you discover any issues, first ask yourself if it can be resolved. If so, consider how much effort will be involved. If it is fairly easy to fix, then go for it. If it is not easy, then weigh the cost of the effort versus the benefit of moving forward. It can be worthwhile if the potential profit is still considerable.
On average, I let anywhere from 50 to 100 properties go every year due to questionable title issues. I prefer easy closings and you probably will too. However, you may find scenarios in which it makes sense to move forward when title issues are present. The great thing is that you decide what is and is not worth your time and effort. When you are first starting out, a quick call to a title company or real estate attorney will usually tell how big an issue that it will be to clear a title.
In order to avoid spending money unnecessarily, learn to do title searches on your own rather than using a title company. It’s a fairly straightforward process, and with a little practice, will not take a lot of time. You will end up saving money in the long run. Many counties will have everything that you need available online.
The key to any successful real estate investment is to thoroughly educate yourself. Learn more secrets and find out about my course, the Land Profit Generator at 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!