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
