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Full Description
Get the confidence and tools to take advantage of this growing method of investing Tax liens sales and tax deed auctions, conducted by governmental agencies for delinquent taxes on real estate, are not new—they have been around for more than 200 years. But until recently, they remained a small niche market for investors. However, as more people become delinquent on their real estate taxes due to the increased foreclosure market, and local governments look for revenues wherever they can find them, this investing methodology has become increasingly popular - and it can be done from anywhere. Zero Risk Real Estate shows readers exactly what to look for, what to avoid, and how to get the biggest return with the smallest amount of risk.
Explains how to utilize the internet for research and investing from anywhere in the world!
Gives step-by-step advice on how to determine your investment objectives and where to find tax sale listings
Details how to take advantage of "over-the-counter" bargains and increase your returns
Shows what to do once you have your new tax certificate, and how to "cash in"
This is not a get-rich-quick infomercial approach—it is a real investing strategy that is expected to grow over the next several years as an appealing alternative to the stock market and other investments. Using real-life examples and case studies, this book walks you through the process step-by-step to make it easy for beginners, and shares advanced investing techniques for more experienced investors.
Contents
Foreword Sharon Lechter xiii
Acknowledgments xv
Introduction xvii
Downloadable Letters, Forms, and Scripts xix
Demonstration Videos xxi
Chapter 1 Understanding Tax Liens and Deeds 1
Real Estate and the Property Tax Process 4
What Is a Tax Lien? 6
What Is a Tax Deed? 9
Understanding Redemption Periods 11
What About the Real Estate Market Collapse? 12
What Makes These Types of Investments Zero Risk? 14
Chapter 2 Getting Started 17
Selecting Your Location 20
Finding Tax Sale Listings 24
Filtering Your Data 32
Evaluating Different Types of Properties 33
Conducting Internet Property Research 41
Recruiting Local Help 43
10 Rules for Qualifying Every Property 46
Setting Your Bids 46
Chapter 3 Going, Going, Gone! 49
The First Auctions 51
Types of Auctions 52
Onsite Auction Tips 56
Online Auctions—Bidding in Your Pajamas! 60
Online Auction Strategies 61
Cancelling Your Bid 63
Over-The-Counter Bargains 64
Paying for Your Winning Bid 65
Chapter 4 Protecting Your Investment 67
What To Do First 69
Protecting Your Tax Lien Interest 72
Protecting Your Tax Deed 73
Insurance and Property Maintenance 75
What To Do When Your Property Doesn't Redeem 76
Chapter 5 Taking Control of Your Property 79
Do You Really Want To Own It? 81
Understanding the Foreclosure Process 83
The Costs of Foreclosure and Possession 86
Adverse Possession 87
Eminent Domain and Condemnation 88
The Art of Eviction—or Not! 89
Dealing with Former Owners 92
Other Legal or Equitable Interest Holders 94
Chapter 6 Avoiding and Eliminating Risk 95
Risk Elimination 97
The Risks of Illiquidity 103
Managing the Property 104
Chapter 7 Liquidation and Cashing In 107
Creating an Exit Plan 109
Hold and Rent Strategy 111
Rapid Liquidation 116
Creating Long-Term Wealth Using Installments 117
Chapter 8 Advanced Strategies 121
Using Traditional Funding 123
Tapping into Private Money 124
Corporate Investing 125
Locating Investment Capital 126
Investing Using Retirement Accounts 127
Tax Strategies 130
Unique Types of Property Deals 131
Chapter 9 Tracking Your Investments 133
Setting Up a Simple System 135
Accruals and Yield Information 138
Maintaining Contacts and Lien Lists 139
Generating Reports 139
Chapter 10 Taking Action 143
What To Do Now! 145
The Complete 13-Step Checklist 145
Measuring Your Success 151
Setting Goals and Evaluating Results 152
Final Thoughts 152
Appendix A 101 Online Resources 155
Appendix B State Listings 161
Glossary 165
About the Author 179
Index 181
Free Bonus Forms and Videos 186
