Land Profit Generator Review

Land Profit Generator:  Tax Delinquent Properties, Trash or Treasure?

There are a lot of misinformation surrounding tax delinquent property investments which we will try to rectify in the Land Profit Generator. Most notable is the widespread belief that these properties are junk. This has to do with a lack of understanding about why people relinquish their property over unpaid taxes.

Let’s examine a few of the common reasons.One of the primary reasons is divorce. Statistics reveal that over half of all marriages will end in divorce. While some situations are resolved amicably, there are plenty that get ugly. In these cases, the property is just a bad reminder of the former spouse, and the emotional baggage is simply more than they can tolerate. I’ve personally purchased properties in this situation for a few hundred dollars and then sold them days later for thousands of dollars.

You may be surprised to learn that retirement is another reason property owners allow their property taxes to lapse. An individual may purchase property with the intention of relocating there some day. As circumstances change, and they are no longer interested in moving, it is just easier to let the property go rather than dealing with the hassles of involving a realtor and investing a lot of effort in selling the property.

Another common source of tax delinquent property is inheritance. An individual may inherit a piece of property that they have no use for or no desire to own. Many times the real estate is simply too far away and becomes a source of frustration for the owner especially when there is no emotional attachment to the property. Additionally, they may not have the resources available to pay the property taxes. In this case, the land is a financial burden that they are glad to get rid of. All of these are an excellent source of leads for real estate investors.

To learn more about how you can make money investing in tax delinquent real estate, visit my website http://www.landprofitsreview.com . Look for information on 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:  Pitfalls to Avoid when Investing in Tax Deeds and Tax Liens

If these uncertain economic times have you wondering about safe, alternative investment options, then you should consider tax lien and tax deed investments. With the right tools and a little research, you can achieve returns as high as 16% to 36%. How does it work?  We will explain it all in our new course, the Land Profit Generator.

Local tax authorities collect property taxes in order to fund their municipal infrastructure such as their school system. A property’s tax rate is a percentage of the property’s assessed value. When a property owner is unable or unwilling to pay the taxes, the taxing authority has a couple of options for recourse. One option is to place a tax lien on the property and sell it at auction, but only after a statutory waiting period of 2-5 years. Or they can sell the property tax lien to investors who will eventually be able to foreclose on the lien.
When considering this type of investment option, it is important to understand some potential pitfalls. In many cases, these are easily remedied, but only if you know what to do.

First, examine the usability of the property. The best thing is to go out and take a look at the property you wish to purchase or bid on. Although there may not be anything wrong with the property itself, you may find that it is not useful for building. Things like measuring mistakes, zoning issues, and a poor or inaccessible location can ruin the value of a property and make resale a nightmare.

You can easily avoid these situations by following a few simple steps for every property that you are considering.
• Get the plat map. This is simply the record of the property’s survey and can be obtained from the county.
• Visit the property. If it is difficult to get to, then chances are it is not a property you want to invest in.
• Find out if the property is in a flood zone.
A second problem you may run into is that a property’s value is less than the amount of taxes owed. You typically see this in properties that have low value from the start or when it takes too long for the property to be offered at a tax lien or deed sale. Additionally, the county adds penalties every year to property with delinquent taxes. The back taxes itself, the year over year penalties, and the accrued interest can all add up and remove any potential for a good resale price. A property with an annual tax bill of only $200 can have thousands of dollars worth of unpaid taxes, penalties, and fees. Getting a good estimate of the property’s value is the best way to avoid getting into an unprofitable situation.

A third problem to watch out for is environmental issues. This is a problem many investors fear the most especially when buying vacant land. Follow these simple steps to minimize the risk:
• Obtain a list of condemned properties from the county
• Visit the property and take a look around. If the property is occupied, you may not be able to do this.
• Contact the state’s office for environmental issues (for example, the “Arizona Department of Environmental Quality”). They will be able to let you know if the property in question has any known issues.
• Look at the property records to see if any environmental concerns have been recorded.

Learn more about tax lien and tax deed investing at http://www.landprofitsreview.com ,and check out my course entitled 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:  Purchase Land Using a Self-directed IRA

Millions of Americans invest in very popular Individual Retirement Accounts or IRAs. Unfortunately, the rate of return on these accounts can be woefully inadequate to retire in the fashion that most people envision. Neither traditional nor Roth IRAs are generating sufficient retirement income, and the recent economic downturn has not helped matters at all.  Land Profit Generator will work well with growing your self-directed IRA.  

In spite of this bleak outlook, there are options available to significantly impact the earning potential of IRAs. In a traditional IRA, you do not have the option to purchase real estate. However, with a self-directed IRA, you can invest in real estate. As the name suggests, a self-directed IRA provides you with significant control of how the money is invested. Self -directed IRAs can be used for most IRS permitted investment vehicles including investment property. The only exclusions are life insurance and collectibles.

Self-directed IRAs and real estate make a great combination. Think about it. IRA funds are intended for long term investing. Real estate, and in particular, raw land, is considered a non-liquid investment, so it makes sense to pair funds earmarked for long term growth with an inherently long term investment.

A good piece of land has the potential a significant rate of return, far greater than that of an 8% to 12% stock market investment. Land located in a known path of economic expansion can literally skyrocket in value. Even better, the distribution of earnings and appreciated equity from the property’s resale is tax free when purchased through a self-directed IRA.

As with any investment prospect, seek the advice of a certified professional when utilizing a self-directed IRA. There are numerous rules to be aware of, and a professional can help you accurately interpret and navigate the legalities.

Real estate is great for both short and long term investment strategies. Do not ignore your future or just hope things will work out. “It’s better to look ahead and prepare, than to look back and regret.”

Find more information and learn about my friend Jack Bosch’s new 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!

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 glue, to the property of the delinquent tax payer. The lien follows the property whether you are aware of its existence or not. That is why it is critically important to do a thorough title search on any property you are considering. Never purchase a property without completing this step.

Consider the following scenario: when you buy a $10,000 property that has a $50,000 IRS lien, proceeds from the sale will go to satisfy the debt to the IRS. You will end up with nothing which is obviously a situation you want to avoid.

Keep in mind that title searches are essential, but title insurance is not. Title companies charge a fee for issuing title insurance after completing their title search. In the event an issue surfaces down the road, the title company is responsible for any expenses associated with resolving the issue. But if you do a thorough job yourself, you may not need title insurance.

The Land Profit Generator by Jack Bosch will teach you everything you need to know to do your own title searches. It is pretty easy once you know what to look for. Given that most counties now maintain online property records, you can even do this from home. If online access is not available, you will have to visit the county courthouse or clerk’s office in order to do your research.

One final note: In some cases, it still makes sense to purchase a property with an IRS lien. For example, if you locate a property that is worth $50,000 with a $5,000 IRS lien, and you obtain the property for $10,000, you will still make money. You can pay $15,000 to purchase the property and clear the lien, or negotiate the selling price down to $5,000 to compensate for the lien. Either way, you are still only paying a fraction of what the land is actually worth. IRS liens are uncommon, but they can be devastating when you don’t find out until after purchasing the property.

Learn everything you need to know about Land Profit Generator at http://www.landprofitsreview.com . Look for information on 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:  Little Known Secrets to Making Money on Tax Delinquent Properties

There are multiple ways to invest in tax delinquent properties as you will learn in the Land Profit Generator by Jack Bosch.  The two most common are tax liens and tax deed auctions. But do not limit your options or earning potential. There are a number of other ways to profit on tax delinquent property investments.

1. You can actually buy (or sometimes get for free) a list of tax lien or tax deed investors from the county. Contact these individuals and offer to buy any unwanted tax lien certificates (TLCs). Due to changing economic circumstances, investors who previously had plenty of money to invest may now be strapped for cash and ready to sell at a discount. After obtaining multiple years of TLCs, quickly move to foreclosure.

2. Another option is to purchase multiple years of TLCs from the county over the counter and then immediately proceed to foreclosure.

3. My preferred method is to purchase tax delinquent properties directly from the property owners before they go to auction. It just takes a little effort to go through the vast lists of delinquent properties and contact the owners directly. Many of these people have given up on the property and are willing to sell for a fraction of the property’s actual value.

Use any of these methods to obtain valuable properties for as little as 5% to 10% of the true market value. Let that sink in! You can purchase a property valued at $20,000 for as little as $500 to $1,000. The added bonus is that there is very little competition.

The best part of this business is that almost everything can be done from your home or anywhere else you choose. And all the tools you will need are probably things you already have such as a computer, an internet connection, a printer, a phone, and some postage.

Learn more about my friend Jack Bosch’s new 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!