However this like saying that putting a fishing rod with a fly into the sea is the only way to fish. It is ONE way but for sure not the only way.
Here are some additional ways you can profit from Tax Delinquent property investments.
- Buy multiple years of Tax Lien Certificates over the counter from the county and immediately proceed to foreclosure.
- Buy the list of Tax Lien Investors from the County and ask them to buy the Tax Lien Certificates (TLC) from them. Remember, times and circumstances change and a Tax Lien Investor who might have had lots of money to invest a few years ago might be strapped of cash right now and willing to sell that TLC for a discount. Once you have multiple years of TLCs proceed to foreclose immediately.
- My Favorite method. Buy the Properties directly from Tax Delinquent Property owners prior to the auction for pennies on the dollar. All you need to do is find out who of the sometimes VAST lists of tax delinquent properties might be willing to sell the property for a steep discount because they have given up on their property. I have developed such a method to filter these lists. Visit www.landforpennies.com for more information.
Any of these methods will bring you properties for as little as 5-10% of the true market value (meaning a property worth 20,000 can be bought for as little as $500 to $1000) without any measurable competition.
And the best is that you can do almost everything here from the comfort of your home. All you need is a computer, internet access, a small printer, a telephone, and some postage.