Vanilla Ice: I Built My Real Estate Empire Buying Homes with Tax Liens (Part 5)
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- Опубліковано 12 гру 2023
- Watch the full interview now as a VladTV UA-cam Member - ua-cam.com/users/vladtvjoin
Part 4: • Vanilla Ice Shows His ...
Part 1: • Vanilla Ice Shows His ...
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Vanilla Ice shared his tactic of purchasing homes and properties. The recording artist revealed his primary focus is on the appraised value and the opportunity for profit. He often procures homes at rates lower than their appraised value using an attorney to find tax liens on properties. He explained that many of the properties he acquires are in severe disrepair, and he often does not rent them out. Despite their condition, these properties have significantly appreciated over time, proving to be a winning strategy. Vanilla Ice added that real estate proved resilient even during the 2008 housing crisis, making it a good investment. He recommended reinvesting capital gains from the sale of homes to compound wealth and evoked listeners to consider real estate as a viable and simpler investment strategy than stocks. - Розваги
Watch the full interview now as a VladTV UA-cam Member - ua-cam.com/users/vladtvjoin
The game is to be sold, & not to be told! This man just gave up THE REAL MILLION DOLLARS WORTH OF GAME! Blessings and Abundance to this man! Shout out to V.I.P💯💯
@@Goldenoldies550 Blessings and Abundance that was still major on your part... 💯💯🔥
and you just helped him 😂. but most people wont take action anyway so its fine
This man is smart as hell, love it.
that botox got his face looking crazy 😂
Exactly he invested his money unlike hammer
One of the most educational clips vlad has had all year
tbh, I think the most educational clip in have seen on Vlad. Maybe a TK clip is just as good, but this one applys to everyone.
@@EX001 In a 3 min clip! Lol
@@theimpeccable1069 On God. Million dollar advice in 3 min.
Ice ice baby
lol out of all the financial people out there, selling books and all kinds of gizmos - VANILLA ICE taught me what I needed to really know in 2min LOL. Thanks Ice, you still da man....word to your mother........
Man this guy is so simple grounded and intelligent 😮
Vanilla Ice just gave us some real game!
Partially, heres where hes lying. He MAYBE, MAYBE MAYBE held a couple and never rented them and STILL holds them today. DAMN RARE OCCURANCE. what i think he meant and didnt clarify is typically he buys unseen and then flips becuase he mentioned the 1031 exchange. THERES NO WAY he has tens or even 15-20-30 properties that hes never seen and collects cobwebs, because the city would fine him for curb appeal and not keeping up maintenance. SO most likely he buys unseen maybe holds a while till a better resale market bubble comes around THEN sells without seeing it, but he does not hold decades without seen it nor up keeping maintenance, its literally illegal and he would have the home repossessed by the city for falling apart. Thats a law too up keeping the outside looks, also the pipes and mold and all sorts of shit would devalue the property almost to the same it appreciated. Yeah Im a realtor and licensed appraiser. I know
@@hoopslaa5235 Thanks for clearing that up! Now you just gave us some game!😁👍
@@hoopslaa5235 Vanilla Ice never lies he charges for his bullsh''t seminars Scientology style
@@hassyg4083 🤣 Wow didn’t know that!😆
You ain’t gonna do nothing with it though 🤣
My boi went from ice ice baby to money money baby
I got new found respect for Vanilla Ice. Salute bro.
One of the most entertaining interviews.
He blessed the community with this. REAL, practical info. Probably the most useful information I've ever heard on any UA-cam channel and most of the videos I watch are about making money.
Facts
Common knowledge.
@@joshuagibson2520not at all lol
@@flowskii it really is. Every county court, nationwide, does a delinquent tax sale at least yearly. If not monthly.
And you don't need an attorney if you can do some legwork.
Vanilla Ice just put me on game, and Vlad is the goat for posting this
He's literally explaining the problem with this country right now like no hate on the hustle but imagine all the rich dudes doing the same shit just holding onto a bunch of vacant homes while people struggle to become homeowners and build families because everything's overpriced and the cheap stuff is just sitting there
Exactly. If everyone does this nobody has a home. Just making money but providing no value. But yeah rap is destroying the country lmao.
@@davruck1that’s because not everyone thinks about being an owner. People are happy being at the bottom.
Ice isn’t the only one making these moves, I am too just in my own smaller way.
It’s not hard you just have to be willing to struggle to the first one and go onto the next it gets easier each time
@@thetraveler1182 bro you’re just a sheep, a useful idiot. He’s not an owner he’s a leech like most wealthy people who don’t care that what they’re doing is bad for society and the planet. He drives up prices so he can make money. People who think like you are the real problem with society. White people are by far the biggest leeches on the planet. The ones at the bottom are the ones who actually add value to society.
@@thetraveler1182 you think like a white man. How can you own a living planet? How can you profit off shit you didn’t make like land? Do you even think about this? I can see why Vlad has such a gullible audience.
Ultimately the government is to blame for any societal problems we have.
Ice just gave a mini-Master Class!!!
We need education like this,not gossip
This helps nobody.
Vlads Best Segment In VladTv History 💯
This info is Gold
I need to learn that
Smart dude , gotta respect it!
“Everybody would if they could. But they don’t know my tactics.” ….give us all his tactics
But ull b mad if he didn’t right lol
But you don’t have thousands in cash lying around
Good for you ice
You know it’s real game because it’s fast and to the point
Cold piece 🥶
Man Vanilla has been secretly sitting back for the past 30 years getting rich asf💰💰 low key genius 🤓✌️
He is education on self made. Respect.
Alright. Props to vanilla ice man. Giving game back to the culture finally.
Smart guy....watch vlad do this
Ice of one of the most greatest and phenomenal examples of how you start out to be a rapper but turn yourself into into a multi million dollar true business man!!!! 💯💯💯💯💯💯
Now, this is some good game!
Thank you Mr. Ice 💪🏾🔥
Thanks for the tip!
When they say you can learn something form ANYONE. Prime example.
Word to your mother
Vanilla just dropped a million dollars worth of game right now
Solid info from Vanilia Ice. He didn't have to tell people his procedure. And most people if they did tell it, would have sat there and complicated it.
Real Game!
It’s easy to borrow money with leverage when you a millionaire
It’s not the IRS that sells the houses. It’s the county that has the tax deed sales for not paying your property tax. Property tax is what pays your local governments salaries like Teachers, County officials and workers to name a few.
From the thumbnail, I thought he was pissed
Lol I know but he's not pissed it's just his focus and intensity really lit up when he started talking business...
A friend of mine lost his mother a few years ago. The husband didn't pay taxes and they lost the home. Other family members weren't notified of the situation. The house was completely paid off too. Lost it over peanuts. I think that is a predatory way of earning income in my opinion
It wasn’t other family members responsibility to be honest. The husband should’ve reached out. It’s not predatory; it’s business. If the taxes aren’t paid, it can be sold.
preach!@@kimberlyb6522
And unfortunately people don’t know the law. In Alabama if your property is lost due to taxes, you have three years to get it back by simply paying the taxes and a relatively small fee for late payment. Each state has their own time frame for Redemption. Yet people don’t know this and just walk away when they hear their property was sold due to past due taxes.
@@kimberlyb6522that’s what the government said when they stole Black folks property. Y’all have been corrupted into thinking like these devils.
must suck being american know theres lots of countries where u have no such tax lol
Bro 😃Ice is a real hustler👏🏼👏🏼👏🏼 very smart
Ice ice baby speaking sum cold game
Just learned alot of in a few minutes
I teach all these tactics he's speaking of I will say the title stats tax lien , which depends on the state he lives in or purchases in because all states are not considered tax lien states they could be tax deed states these are two different entities I've been investing for over 15years now and I will say this was great to see someone actually mentioning it
💯 percent correct. It's different laws for different states, tho. But buying those tax liens is the money maker indeed...
sounds a scam it goes to auction in florida
Vanilla Ice is & allways has been one of fave peeps in the rap game. I knew he was smart . Id ask him about that head bopping in " Ice Ice Baby " video 📹 🤣🤣🤣🤣 i remember doing something simular at a school disco here in UK 🇬🇧. Errrr my teacher thought was having a funny turn 🤣🤣🤣🤣🤣😝🫡
Educational content let’s all learn 👀👀👀
Glad has many positive headlines for the man of his own race
I own so many houses ive never seen . Barz
hows that possible?
How can I like this video 1000 times ?
I know an investor who knew real estate extremely well. He explained this tax lien strategy to me bullet by bullet. After he explained it nonstop for maybe 20 minutes without stopping, he ending with saying "but I can't bring myself to do it." Somebody in the back end is losing a house; and as they continue being delinquent, you are hoping they default. One of the ways he told me one can make this more humanitarian is make an agreement with the person losing the house; buy the lien and allow them to pay you something in exchange (I am simplifying). But again, not sure what happens if no one buys the lien (is there a deferral by govt etc).
He is an idiot. They are losing their house either way. An investor stepping in and getting that house back on the market (for sale or as a rental) actually helps a housing and economic downturn recover.
Yes I use to have the same feeling "how could I hope someone lose their house so I can gain?" but I realize here in Georgia, in the county I live in when there is a tax lien sale, its too late they have already defaulted on the house, and it has already been taken by the county. I brought a house for $27k fix and flipped it for $150k
I buy tax liens as well Florida return rate is great
There's a little more to it than that, but it is a good way. I brought a tax lien. I had to register with the county, but being a register investor helps. Ice said he obtained listings through an attorney, so it was probably a real estate attorney. He probably also had his business registered as an investor (which is the easiest instead of registering as an real estate agency). Also, being aware of auctions are also important...
And most people don't have an excess of money to not go in there and either live in it rent it out fix it up and try to flip it
That's how I got my house at a foreclosure auction
@@sebeku2 foreclosure auction is different than a tax lien auction
@@pjaycez5354 there is a way around that too. If the business is registered, which is not that expensive, people can apply for a business loan. But it is a risk. The house I got was liveable. I had to shell out money for HVAC repair and some electric upgrades. The cosmetic issues I was able to repair myself. I rented rooms out though, which helped me do the repairs...
IRL auctions are amazing & I’m glad not that many people go to them 😂 last summer I got a ‘73 Mark I Rhodes in great condition with no bids challenging. Kinda regret selling it sometimes but I was able to with 1400% profit so it felt too good to pass up
tax lien and tax deed investing. each state is different. some states do tax liens while others do tax deeds.
Rob is no expert but very smart to hire an attorney and team . No doubt its drive and work ethic that got him where he is today . Lots of talent as well . The Irs has nothing to do with tax liens . its the local municipality that applies an ad valorem tax to every property in America . THe Master Commissioner foreclosure auction properties hes buying from county governments sales are usually held every month in every county in America at the courthouse door .
I am not into real estate but was curious how the IRS gets involved with houses. I thought its the local cities and towns or counties you pay your home tax to which is true. I just looked up and it does seem in some circumstances the IRS will put a lien on your house for unpaid taxes.
Are you telling me that in America when you owe the federal government back taxes they cannot garnish bank accounts and place a lien on your property/assets and sell it?
Federal law enforcement agencies can also seize homes and sell them.
Property tax liens
Shout out to him for speaking at my boy Quentin Flores's events
Salute from 🇹🇿 tanzania
Game!
He’s so vanilla… ✌🏽❤️
Smart smart man
That's how we've been doing it
Vlad present Ice to envy and Cesar for real estate knowledge
Vanilla ice just put Glad on 😂
Smart
all those homes he said that are just sitting there, collecting cobwebs, grass growing - they must not be in HOAs. Otherwise I don't know how he could get away with that unless he willingly pays fines (he probably can afford to).
As someone in the realestate industry it always not that simple do your homework on tax leans
He just dropped a Gem 💎 don't let it go over your head...
he spitting facts I have bought land through this method 💯🎯🎯🔋🔋🔋
Renting them out would be a whole new level of passive income on top of the equity and appreciation especially if u own them out right ...... this is the part that is missing in his advice he has an excess of money to just let real estate sit and treat it as if its a long term stocc or prime piece of just land
they get fixed up for free in your world?
rtenting isnt passive
Renting is a headache. If you’re not close to them you need to hire a property manager. Repairs and maintenance are on your dime. All that costs money. Sometimes more than what you get in return
I have 2 tax liens right now, gonna fix them & flip them.
1032 baby!
Just this bit of information... just commercialized its process 😂. Berkshire stand by ... 😶🌫️😉
Ice Ice Baby… it’s a Cold Game 🥶
Maybe im lost, if so help me. But wouldnt you still have the debt(liens) as an expense when you sell after buying it for the price of the irs tax?
He looks like he could play scar from lion king in a musical. Or even jafar from Aladdin. He has a villain look to him lol
REO's are a good buy as well no tax liens on them
Foreclosures
Like how ppl make real estate sound so easy🤦🏾♂️
the prize of land is always up
So glad when I see smart rappers who’ve made the most of their opportunities instead of jacking it all off on bs.
Dj envy taking notes
He should've gave envy & ceasar a class then they wouldn't be getting sued
😂 facts
😂
Hysterical. 😂
Nice to see the end game of this when too many people like him flood into the market and push out people who actually need homes
They dont need them if they cant afford them
You mean the result of people not paying their bills.
@@hassyg4083OMG, tell us youre uneducated AND Broke without telling us, he said he buys tax liens, The city already repossessed the property and its at auction now, that means the old owners were already kicked out BY THE CITY over a year ago. He bought the house from the city empty. God damn you broke fools are dumb. He didnt kick anyone out, NO ONE LIVED IN IT WHEN HE BOUGHT IT FOOL
KEN- are there 'too many people' out there able to afford a loan to buy homes? How could there be too many buyers doing this same tactic then? God damn youre dumb. AND JEALOUS. If you knew anything about the RE Cycle and bubble/recession polarization youd not have embarrassed yourself. Blackrock and Vanguard are in the residential game now, you think theyre gonna let it fail? DUMMY!
This Should Have Over A Million Views But We Black Folks Like Struggling, Begging, And VictimHood
Lmao patricks an vanilla ice like em young an insured
At least Vanilla is happy doing something that's better than writing rap verses.
Cafe Ken ☕
How is being an opportunist and collecting empty houses better? Imagine if everyone did that?
@davruck1 if everybody did that, the prices of all the houses would rise exponentially. WAIT A MINUTE
@@davruck1he can do it bc not everyone does it.
@@storagebox1793 so the rich will always get richer by exploiting the less fortunate. That’s why I have more respect for rappers who go broke trying to show love than for leeches.
I remember Vlad said he wouldn't ever do real estate... I bet he do it in the future
Tax lien, and tax deeds! 🤔
Based on the time now it looks like vanilla ices in playing any type of games
Vanilla ice look like a Def jam FFNY Character in the thumbnail 😂
uuuuhhhhh what does the IRS have to do with property taxes?
And from stealing materials from unfinished job sites/abandoned houses
people do this in the ghetto in cleveland all the time. theyll buy the house for how much taxes is owed which is usually only a couple thousand. the best scenario to do in this situation if you want to have a somewhat peacefull life living in the ghetto is as soon as the people are out and that house is sitting, get it condemed, wait for it to get bulldozed before someone buys it. then no more loud neighbor. i knew a guy who lived by me he did that for the entire side of his street he would burn the houses, get them condemed until the whole street was gone but him and then he let the property all sit there and you can either buy it and use it or just let the city deal with cutting the grass because pretty much no one wants to pay taxes on empty land in the ghetto. or you can even just fence it off and make ityours and no one will say anything because you start maintaining it and the city will skip cutting it. this guy pretty much owns one side of a entire block and has his little shitty house. but thats just for the ghetto. but still you can make a decent living buying up all the houses in the ghetto if your form there and can deal with a bit of theft and bullshit. but its basically the same theory
"If my rhyme was a drug, I'd sell it by the gram" 💵
How much up front money will I need to even do this? I only have 3 grand saved up!
The majority don't hear what Vanilla Ice is saying he's "buying is houses with cash" NOT buying his houses with mortgages.
Dont put all your financial biz out there Vanilla Ice. The feds are watching! 😂😂
U sound dumb af
And folks, this why we have abandoned homes and lots in the hood.
People like Mr Ice buy property in the hood to hold on to, for no other reason, but to live off leveraging the appreciated value. I bet everything we've seen in these Vanilla Ice videos was financed.
Make money on the buy. Just like flipping cars.
So how does he pay the taxes on all these homes?
When you buy a Lien you aren’t buying the house you only end up with the property if they never pay the owed money which is rare
But what you are buying is the tax lien Certificate, with the potential of owning the property. If the lien is paid off you pocket the interest and penalties. Kind of a win win as long as its not a complete shithole