Storage Wins EP046: Everything You Need to Know About Tax Delinquent Properties
Jack Bosch is back with another masterclass. Jack joined us for the first time on episode 40, and spoke about how to achieve 'forever cash.' Be sure to check his interview out! This week, Jack discusses how investors can capitalize on tax delinquent properties within a reasonable amount of time. If you're able to time it right, tax delinquent properties can give you the largest margins out of any real estate niche.
Key Takeaways:
- Jack does a quick overview on investing in tax delinquent properties.
- In many states, you can end up owning a $100,000 home by only spending $8,000, over the course of a few years. How? Through tax liens.
- As investors, how can we take advantage of these tax delinquent properties?
- You have to be wise about the kind of properties you pick. Chances are the million dollar homes will get paid off. The owner just forgot to pay it.
- Look for homes on the outskirts of the city. It is likely the boarded up house will not have their taxes paid.
- Remember, this strategy is a multi-year game play. What about the investors who want to make money now?
- The margins are huge in tax delinquent properties compared to other real estate niches.
- How can investors get a list of tax delinquent properties in their county?
- You have to know how many years the homeowner has owed property taxes for, before you get into the deal.
- What do investors need to look out for when trying to get their hands on the county's tax delinquent list?
- Jack has two versions of direct mail letters he sends to owners who owe property taxes.
- Out of the 5 phone calls you receive, you are able to do one to two deals.
- Interested in knowing more? Join Jack's course, to get the leverage you need.
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