How To Become A Deed Grabber

by Joseph Saunders

If the competition to get profitable investment properties has been too much for you, you should look into becoming a Deed Grabber. Because of the economic downturn, there’s more properties available than ever before. The way to get tax property with the least competition and risk is outside the tax sale. Here’s how.

1. Bide your time until the tax sale has passed. Too many bidders means not enough good deals. Most good properties will get bid up close to retail value. Also, if you do win the bidding, you’ll have to pay the entire thing in cash, and then wait at least a year to foreclose. A lot can happen to the condition of a property in a year’s time. So skip the tax sale, and get your properties after the auction – just like a true Deed Grabber.

2. The end of the redemption period will be your golden time. At this point, most properties left are free and clear. The owners that are left probably aren’t going to pay their taxes. This is a good thing – this will make it easy for you to get these properties.

3. Obtain the tax-delinquent owners’ contact info. There are a ton of sites on the internet that can help you accomplish this. If you can locate a phone number, that will be best. Email also works, but a call is what we want.

4. Most owners just want the deed out of their names – so simply offer to do that for them. Ask them if $200 for their time in signing over the deed would suffice. It’s that simple – since they don’t want the deed, getting it is cheap and easy. That’s how a Deed Grabber does it.

5. Decide if you want to keep or sell the property. Want to keep the property? Go pay the taxes off. Or, you can skip paying the taxes and just sell right away. No matter which you choose, you’ve improved your bottom line! Try the above method and you’ll be pleasantly surprised at the results. Don’t sit on your hands any longer – take the plunge and get started today. Click here for more info

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There is no better way to become independently wealthy than by becoming a Deed Grabber. A rich investor who doesn’t know what he’s doing won’t be able to hold a candle to you, once you know the secrets of which properties are the best to invest in. Follow these rules, and you’ll find investing in tax property – outside the auction – to be the best move you’ve ever made.

Isn’t the simplest way to get tax property just to bid at auction? No, no, no. For starters, you’ll never win the bidding on a property you want – there’s way too much competition. Not only that, but you can’t inspect the property, or finance it – you have to pay for your purchase immediately, sight unseen. Here’s the kicker: if you do win the bidding, and pay the money, the owner will probably pay off the taxes before you get the property anyway.

Good news: this isn’t how you want to buy tax property in the first place – not if you’re a true Deed Grabber. What to do is to wait until the redemption period after tax sale has almost expired, and then buy property from the delinquent owners directly. The only people you’ll find left at this point are those that don’t want the property, or are letting it go to tax sale.

Buying these properties will be easy. Amongst these owners you’ll find heirs, landlords, and owners of investment properties. All have one thing in common – they don’t want the property anymore. You don’t need to do much else but ask, and these folks will sign over the deed. Tell them it’ll only take a few minutes to sign the paperwork, and you’ll pay them $200 for their time. Then the exciting part – redeem the property, and it’s yours! Or sell immediately, and let the new buyer pay the taxes.

This investing technique blows all the others out of the water. And there is a huge inventory of tax properties right now.

Want to know the tax sale investors’ biggest secret – outside of already being a successful Deed Grabber? When bidders overpay for a property at tax sale, that extra money over the taxes owed are usually held for the original owner. But the former owners are often unaware of this! Usually notices about the overages go to the tax sale address – and they don’t live there anymore. After a year or so, legally, the money becomes property of the government, and the owner loses it forever – even if it’s $50,000.

But there is some good news. Since this money isn’t held by the state, state laws capping out finder’s fees don’t apply. That means that by helping these owners collect their forgotten money, you can charge up to 50% as a finder’s fee. And as you can imagine, real estate surpluses are often for a lot of money – $10,000-$50,000. You do the math! Click here for more info

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