This is SO on time!!! I will JUST be getting started next year and I just question if I’ll be able to SELL the land once acquired and HOW to know if the land that I acquire will be profitable.
Great Question, the key is buying the land at the right price. If you buy it at the right price then you will almost always be profitable. But it important to buy land that has both USE and VALUE! When I talk about USE - I mean it can be used for an intended purpose - for example an building lot is large enough to build on. We want to stay away from junk land like side lots, small strips of land, easement properties, ect. With VALUE we need to research both the Assessed and Market values. The Assessed value is what the county places on the property. The Market value is what the land is worth on the open market. We usually try to buy tax deed land for around 10% of the properties value. Some land is worth paying more, some land we want for less. Also as the property goes up in value so will the percentage amount we are wiling to pay. For example a lot worth 10K we would not want to pay more 10% of it value or $1000. But a lot worth 200K, I might be wiling to pay 50K so at 25% of its value. Because as the value goes up so does the cash amount I can make. So you could sell the 10k lot you bought for $1000 and make $9000. Or you could sell the land you paid 50K that is worth 200K and you can make $150,000. Both deals are good, but one deal we are willing to pay more because its worth more. Hopefully that at least help you know what to look for when getting started. Thanks, SJ Swenson
Tax Sale Secrets awesome reply! Thank u so much. I do have plans to join your membership next year as well. I’m also playing with the idea of getting the coaching through my first deal. My market is So. Cal and more so riverside or the like because of the lower register fee... but in short... I will continue to watch the vids until I sign up. Thank you for the comprehensive answer. I understood it more so with that!!!
@@MiaMorinarealway Sounds great, getting educated by watching videos is a great way to start building your knowledge. Once you are ready to get started investing, we will be here to help.. Thanks again, SJ Swenson
Thank you 🙏🏽. I’ve been undergoing my diligence in studying landlots. How long after acquiring the lot would one be able to take the parcel to a community bank to exact a HELOC? A real estate attorney informed me a minimum of “2 years”. I felt this was disinformation so I figured I’d ask the professionals.
Hello and thank you for your question. When it comes to getting a HELOC on Land, it might be a bit difficult regardless of how long you own it. I am not 100% sure on this, but I believe it usually needs to be a home to get a traditional HELOC. You know can get something similar to a HELOC like a "Line of Credit against Real Property" on Land. And getting any type of loan on the property wither it be a mortgage, HELOC or other forms of conventional financing will require some work if its a tax deed. When you get a tax deed, even though the property is owned outright it does not come with a Warranty Deed. And most lending companies want a Warranty Deed to issue any loans on the property. So if you want to get a Warranty deed, we will need to go through whats called "Quiet Title Action" on the property. And getting the Quiet Title would probably be required by most lenders before loaning the money on the land. Sometime you can find lenders that will borrow on Tax Deed Property. But usually they want the Warranty deed before they start borrowing money against the property. Hopefully that at least give you a better idea. Thanks again for watching and your comments. Let us know if we can do anything else. Thanks, SJ Swenson
Hello and thank you for checking us out. Usually we recommend investor get started with our Membership Program before getting started with Coaching. Many investors are able to use our Membership tools to be successful with Tax Liens and Tax Deeds. Our Membership Program includes weekly live webinar trainings (in fact this training is one of our weekly webinars). Membership also includes all our tax sale lists, OTC lists, Overages lists, online auctions and Land Bank links. That does not even get into the 1000 pages of books and the 100s of hours of training videos available to our members. Investors can join month to month for $39, or you can buy a year upfront for $29 a month. We also offer a 30-Day Money back Guarantee so there is no risk to join. If you still needed additional help after joining the membership program, then we would see if the Personal Coaching Program might be a good fit. But for many investors our Membership program is enough to help them get out and invest. Let us know if you have any other questions and thanks for watching our trainings. You can check out what available in the Membership Program at www.taxsalesupport.com/membership Thanks again, Stephen
Great job guys
Can you buy otc deeds online? And if so, what is the website?
We are looking to get started ... as first time investors Excellent Video and Presentation...
Thank you..
Thank you Zanna, we are glad you enjoyed our training... Good luck and let us know if we can help. Thanks, SJ Swenson
Thank you..I will more than likely be reaching out real soon
I am interested in Tax Deed ( after redemption period) and Tax Lien Certificates
@@zannakristal3754 Sounds great, thanks again for checking us out......
This is SO on time!!! I will JUST be getting started next year and I just question if I’ll be able to SELL the land once acquired and HOW to know if the land that I acquire will be profitable.
Great Question, the key is buying the land at the right price. If you buy it at the right price then you will almost always be profitable. But it important to buy land that has both USE and VALUE! When I talk about USE - I mean it can be used for an intended purpose - for example an building lot is large enough to build on. We want to stay away from junk land like side lots, small strips of land, easement properties, ect. With VALUE we need to research both the Assessed and Market values. The Assessed value is what the county places on the property. The Market value is what the land is worth on the open market. We usually try to buy tax deed land for around 10% of the properties value. Some land is worth paying more, some land we want for less. Also as the property goes up in value so will the percentage amount we are wiling to pay. For example a lot worth 10K we would not want to pay more 10% of it value or $1000. But a lot worth 200K, I might be wiling to pay 50K so at 25% of its value. Because as the value goes up so does the cash amount I can make. So you could sell the 10k lot you bought for $1000 and make $9000. Or you could sell the land you paid 50K that is worth 200K and you can make $150,000. Both deals are good, but one deal we are willing to pay more because its worth more. Hopefully that at least help you know what to look for when getting started. Thanks, SJ Swenson
Tax Sale Secrets awesome reply! Thank u so much. I do have plans to join your membership next year as well. I’m also playing with the idea of getting the coaching through my first deal. My market is So. Cal and more so riverside or the like because of the lower register fee... but in short... I will continue to watch the vids until I sign up. Thank you for the comprehensive answer. I understood it more so with that!!!
@@MiaMorinarealway Sounds great, getting educated by watching videos is a great way to start building your knowledge. Once you are ready to get started investing, we will be here to help.. Thanks again, SJ Swenson
How do you comp land 😅.
Thank you 🙏🏽. I’ve been undergoing my diligence in studying landlots. How long after acquiring the lot would one be able to take the parcel to a community bank to exact a HELOC? A real estate attorney informed me a minimum of “2 years”. I felt this was disinformation so I figured I’d ask the professionals.
Hello and thank you for your question. When it comes to getting a HELOC on Land, it might be a bit difficult regardless of how long you own it. I am not 100% sure on this, but I believe it usually needs to be a home to get a traditional HELOC. You know can get something similar to a HELOC like a "Line of Credit against Real Property" on Land. And getting any type of loan on the property wither it be a mortgage, HELOC or other forms of conventional financing will require some work if its a tax deed. When you get a tax deed, even though the property is owned outright it does not come with a Warranty Deed. And most lending companies want a Warranty Deed to issue any loans on the property. So if you want to get a Warranty deed, we will need to go through whats called "Quiet Title Action" on the property. And getting the Quiet Title would probably be required by most lenders before loaning the money on the land. Sometime you can find lenders that will borrow on Tax Deed Property. But usually they want the Warranty deed before they start borrowing money against the property. Hopefully that at least give you a better idea. Thanks again for watching and your comments. Let us know if we can do anything else. Thanks, SJ Swenson
I am interested in this. How can I get a coaching for it? Thanks
Hello and thank you for checking us out. Usually we recommend investor get started with our Membership Program before getting started with Coaching. Many investors are able to use our Membership tools to be successful with Tax Liens and Tax Deeds. Our Membership Program includes weekly live webinar trainings (in fact this training is one of our weekly webinars). Membership also includes all our tax sale lists, OTC lists, Overages lists, online auctions and Land Bank links. That does not even get into the 1000 pages of books and the 100s of hours of training videos available to our members. Investors can join month to month for $39, or you can buy a year upfront for $29 a month. We also offer a 30-Day Money back Guarantee so there is no risk to join. If you still needed additional help after joining the membership program, then we would see if the Personal Coaching Program might be a good fit. But for many investors our Membership program is enough to help them get out and invest. Let us know if you have any other questions and thanks for watching our trainings. You can check out what available in the Membership Program at www.taxsalesupport.com/membership Thanks again, Stephen