Real+estate+auction Land Foreclosure – How You Can Make Six Figures From A Horrendous Economy Poste
Oh, what a terrible economy. The real estate market tanked. The stock market tanked. Everyone’s unemployed, and there’s no way to make money anymore… right? WRONG. When there’s a bad economy, there’s still plenty of opportunity – it’s just in different places than it was before. Mortgage, property tax and land foreclosure is at an all-time high, and there’s ways to make money from each, even when you’re broke to start out with.
When it comes to tax and land foreclosure, you can make a lot of money simply by avoiding purchasing at the tax sale – way too much competition – and buying deeds to property directly from the tax delinquent land owners. This works best if you wait until after the tax sale. Most investors don’t realize you can still legally buy the property even after it’s already been “sold.”
There’s a short redemption period after tax sale where owners can pay off the taxes, and that’s a great time to approach them. If they can’t pay the taxes, their deed is essentially worthless. They’re often willing to sell their deeds to you for a few hundred dollars, just to get something out of the property. You can also make deals on land foreclosure property to buy the deed, and then give the owner a percentage of the proceeds of the property later, once it’s been sold.
If you’re not interested in owning mortgage, tax or land foreclosure property itself, you can still make money from the tax sale process. The overages created at tax sale (when more is paid at auction than is owed in back debt) often are held for the owner. Sadly, many owners aren’t property informed of this, don’t realize it themselves, and the money eventually escheats to the government.
You can legally collect these funds on behalf of the owner. And due to a largely unknown loophole, the funds are not subject to finder’s fee caps in most states. Because you provide such a valuable service – without you, these owners would likely never even know about their money – you can charge up to 50%, or more depending on the case, to provide your service… and you need less than $1000 to run this business.
The horrendous economy is providing these opportunities at an all-time high now. You’re going to continue to see these funds created rapidly for at least several more years, so right now is a prime time to get into business collecting overages.
You’ve got to know how to find lists of these funds, and how to find and approach these owners so that they don’t try to collect without you and avoid your fee.
So where to find records of these funds, and how to find their owners? Read the *free* Hooked On Overages “Insider’s Guide.” Visit http://Tax-Sale-Overages.com now.
Or, learn insider deedgrabbing strategies from this *free* report. Visit http://DeedGrabber.net now.
Real Estate Auction: Property Auctions
Article Source: www.articlesnatch.com
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- January 23, 2010 / 12:52 am
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