Hey Mark, You mentioned tax deeds can earn 300-1000% profit return. Can you give me an example of a property that gave you those figures? I appreciate it. I have gone to 3 auctions in the last 2 months and I have not seen any property that could potentially be close to that when the investor would flip the home. I have recently flipped two homes in the last 12 months from just buying 2 bank owned condos on the MLS. My profit was 13,500 on the first one and 16,500 on the second. It turned out that I made 25% profit on the first and 27% profit on the second one. I would like to understand why you mentioned in your video that a person can profit 300-1000% from buying a property from a tax deed sale. Can you help me understand why you mentioned 300-1000% potential profit? Thanks Mark, I would like to hear your thoughts.
25 and 27% is a home run in this market. 300 ~ 1000% is smoke and mirrors where the "investor" invested other peoples money to make that 25% and it's all a smoke and mirrors internet hype. We're 20 year flippers and only the very minority of the insiders are seeing returns worthy of the serious cash investment. Everybody is in the game.
I am looking into buying some tax deed land in Alabama. Their site (Alabama department of revenue)only offers a description of the land and not the address. How do I ascertain the physical location of the property without the address. Thanks for any help.
This can be tricky. It depends on the county. While the state DOR compiles a list of all of the tax delinquent properties, it's up to each individual county to keep track of taxable properties. Some counties make this very easy with online databases, some don't. The easy way to do it is to figure out which county you want to buy in, taking into account how easy it is to get information from them. For example, Jefferson County Alabama has a really good "Citizen Access Portal". (eringcapture.jccal.org/caportal/) Just look up the property by the owner's name.
The best way is to get the parcel ID and go to the county GIS website. Look up the parcel ID and it will give you the address in most cases as well as the current owner and tax information
except one thing...I've researched tax liens for some time now and always hear about counties where they work the exact way he mentions....however, when I speak to these countries I tend to get the same answer. No, you don't get the property after filing for foreclosure. What actually happens is if the person does not pay the lien back to the investor then the county still forecloses and if you want the property you must go bid on that property at the auction. So, basically if you invest in tax liens then you might get the 12-14% he mentions if the owner pays you back, but if they don't then you file a grievance or whatever with the county and THEY foreclose, not you. Then, again, if you want it then you are just another buyer at an auction.
new to this, how does buying deed after a redemption period help!? isnt the purpose to buy deeds from county as soon as owner fails to pay the back taxes
What state is that? In Missouri, if you buy a tax lien, there is a redemption period (one year for first and second tax lien sale postings, 90 days for subsequent listings). If the owner repays the back taxes within the redemption period, you get your money back plus interest (no interest on the excess you paid over the taxes due). If not, you can apply for a Collector's Deed. Just make sure you file all of the paperwork properly and send out the proper notices at the proper times.
Daya Vazquez Olá , también estoy estudando tax deed, necessito conecer bien sobre esse assunto para não perder mi dinheiro, soy de Florida e usted? Se quieras pudemos hablar mi email esilvestre742@gmail.com, gracia
I don't know how much you mean by "life savings," but if it's more than about $ 10,000 don't do that. It's too risky to have all of your eggs in one basket. There are tax liens (Missouri sells liens) that are available for under $ 5,000 all the time in my state. The properties aren't large, but if you pick up a 2 bed/1 bath in St. Louis County for ~ $ 4,000, you're almost guaranteed to make $ 400 per month in rent. If the owner pays the taxes, you get your $ 4,000 back plus 8% interest to try again. (Interest is only on the amount of taxes due, not on any excess.) Doing it this way, you won't have a huge cash flow property, but you've got very little risk. The trick is finding properties with decent homes on them and owners that are unlikely to be able to pay their back taxes. Missouri has another nice feature in this regard: CaseNet. CaseNet is an online database of criminal and civil court proceedings. You can get a very good feel for someone's ability to pay back taxes based on his court history.
The only thing left of my home would be a heap of ashes. I might wait till it gets sold to someone else that doesn't care about how I lost it though. Just to stress the point and get more people involved.
Mark, are you seriously claiming that 300% to 1000% is achievable? Have you ever made any investments or are you just a theory guy! C'mon dude - stop spreading lies!!! Tax deed sales are just as competitive as tax lien sales. In a tax deed sales in CA at best you can purchase the property for 50 cents on the dollar. Then you have to spend the time + money fixing it up. You can not borrow and have to pay cash for the property and the renovation - hence you can't use leverage so claiming 300% to 1000% return is so RIDICULOUS. Realistically if all goes well you can expect 20% to 30% return on your invested capital - and that is IF ALL GOES WELL. I would love to hear your explanation of how to achieve 300% to 1000% return!!!! Humor me with your explanation.
+jim buchens HAHAHAHA of course it 404'd this guy said tons of bogus stuff in his video...I would NEVER buy his program. especially when you can easily find out how to get into tax liens/deeds by doing simple research.
Hey Mark,
You mentioned tax deeds can earn 300-1000% profit return. Can you give me an example of a property that gave you those figures? I appreciate it. I have gone to 3 auctions in the last 2 months and I have not seen any property that could potentially be close to that when the investor would flip the home. I have recently flipped two homes in the last 12 months from just buying 2 bank owned condos on the MLS. My profit was 13,500 on the first one and 16,500 on the second. It turned out that I made 25% profit on the first and 27% profit on the second one. I would like to understand why you mentioned in your video that a person can profit 300-1000% from buying a property from a tax deed sale. Can you help me understand why you mentioned 300-1000% potential profit? Thanks Mark, I would like to hear your thoughts.
25 and 27% is a home run in this market. 300 ~ 1000% is smoke and mirrors where the "investor" invested other peoples money to make that 25% and it's all a smoke and mirrors internet hype. We're 20 year flippers and only the very minority of the insiders are seeing returns worthy of the serious cash investment. Everybody is in the game.
There are some Tax Liens that are non-competitive and let you get the property immediately.
where
Your my new favorite youtuber
Hi Mark I registered for your webinar but got to webinarjam can you help me get to your land investing webinar tried contacting couldn't reach .
I am looking into buying some tax deed land in Alabama. Their site (Alabama department of revenue)only offers a description of the land and not the address. How do I ascertain the physical location of the property without the address. Thanks for any help.
This can be tricky. It depends on the county. While the state DOR compiles a list of all of the tax delinquent properties, it's up to each individual county to keep track of taxable properties. Some counties make this very easy with online databases, some don't. The easy way to do it is to figure out which county you want to buy in, taking into account how easy it is to get information from them.
For example, Jefferson County Alabama has a really good "Citizen Access Portal". (eringcapture.jccal.org/caportal/) Just look up the property by the owner's name.
The best way is to get the parcel ID and go to the county GIS website. Look up the parcel ID and it will give you the address in most cases as well as the current owner and tax information
except one thing...I've researched tax liens for some time now and always hear about counties where they work the exact way he mentions....however, when I speak to these countries I tend to get the same answer. No, you don't get the property after filing for foreclosure. What actually happens is if the person does not pay the lien back to the investor then the county still forecloses and if you want the property you must go bid on that property at the auction. So, basically if you invest in tax liens then you might get the 12-14% he mentions if the owner pays you back, but if they don't then you file a grievance or whatever with the county and THEY foreclose, not you. Then, again, if you want it then you are just another buyer at an auction.
buy the lien AFTER the redemption period
new to this, how does buying deed after a redemption period help!? isnt the purpose to buy deeds from county as soon as owner fails to pay the back taxes
What state is that? In Missouri, if you buy a tax lien, there is a redemption period (one year for first and second tax lien sale postings, 90 days for subsequent listings). If the owner repays the back taxes within the redemption period, you get your money back plus interest (no interest on the excess you paid over the taxes due). If not, you can apply for a Collector's Deed. Just make sure you file all of the paperwork properly and send out the proper notices at the proper times.
@@mikesouth3032 Lien holder has 1st position over county/IRS
Mark your amazing I'm buying my first tax deed property with my life savings hopefully I do good
Daniel Rivera Fierro
Hola me gustaría me contara su experiencia,gracias,7863709477
Daya Vazquez Olá , también estoy estudando tax deed, necessito conecer bien sobre esse assunto para não perder mi dinheiro, soy de Florida e usted? Se quieras pudemos hablar mi email esilvestre742@gmail.com, gracia
You don't have to use your full life savings. Look for Discounts.
I don't know how much you mean by "life savings," but if it's more than about $ 10,000 don't do that. It's too risky to have all of your eggs in one basket.
There are tax liens (Missouri sells liens) that are available for under $ 5,000 all the time in my state. The properties aren't large, but if you pick up a 2 bed/1 bath in St. Louis County for ~ $ 4,000, you're almost guaranteed to make $ 400 per month in rent. If the owner pays the taxes, you get your $ 4,000 back plus 8% interest to try again. (Interest is only on the amount of taxes due, not on any excess.) Doing it this way, you won't have a huge cash flow property, but you've got very little risk. The trick is finding properties with decent homes on them and owners that are unlikely to be able to pay their back taxes. Missouri has another nice feature in this regard: CaseNet. CaseNet is an online database of criminal and civil court proceedings. You can get a very good feel for someone's ability to pay back taxes based on his court history.
The only thing left of my home would be a heap of ashes. I might wait till it gets sold to someone else that doesn't care about how I lost it though. Just to stress the point and get more people involved.
You would commit arson because you couldn't pay your tax debts?
OTC tax deeds
this dude is lit
Mark, are you seriously claiming that 300% to 1000% is achievable? Have you ever made any investments or are you just a theory guy! C'mon dude - stop spreading lies!!! Tax deed sales are just as competitive as tax lien sales. In a tax deed sales in CA at best you can purchase the property for 50 cents on the dollar. Then you have to spend the time + money fixing it up. You can not borrow and have to pay cash for the property and the renovation - hence you can't use leverage so claiming 300% to 1000% return is so RIDICULOUS. Realistically if all goes well you can expect 20% to 30% return on your invested capital - and that is IF ALL GOES WELL. I would love to hear your explanation of how to achieve 300% to 1000% return!!!! Humor me with your explanation.
+jim buchens HAHAHAHA of course it 404'd this guy said tons of bogus stuff in his video...I would NEVER buy his program. especially when you can easily find out how to get into tax liens/deeds by doing simple research.
TheVeryfunnydude as