Real estate is one of few markets where just about anyone, of any educational background, can become extremely successful - if they know what they're doing.
But not just any investment will work - you have to know what the best property to invest in is, and how and when to purchase it.
What's this "secret?" Buying properties with back taxes...
but only bought after the tax sale.
If you're thinking it would be easier to just attend tax sale, consider this.
There's essentially no way to get property for low enough to profit, due to the competition.
And if you're short on cash, consider this as well: you have to pay for your entire bid, right then and there, at tax sale.
It's futile, even if you do get a deed.
the owners have a year to pay off, and usually do.
Buying properties with back taxes will be extremely difficult this way.
Don't fret! You can still buy property for next to nothing.
The best time for buying properties with back taxes is after the tax sale, at the end of the redemption period - directly from the owners themselves.
At this point, the owners that are left are probably not planning to redeem the property.
These are the exact type of people you want to work with.
These are often absentee owners that just want the property gone.
Since you're already letting it go, you ask, can I have the deed? It's that simple.
Offer $200 for the hassle of signing the documents.
Now you've got a property for $200...
will you redeem it, or just sell for immediate profits? Buying properties with back taxes outside the auction is really that simple.
This investing technique blows all the others out of the water.
And it just so happens that a bad economy creates the perfect conditions for buying properties with back taxes - jump right into the business.