1 Fancy Trick For Beating Out The Online Tax Sale Competition LIVE SALE! (TLVT Ep. 25)
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- เผยแพร่เมื่อ 4 ก.ย. 2016
- Online Tax Deed Sales can extremely competitive, but we've got a really ninja tip that can help you secure the property you want, right away. (LIVE at a california Tax Deed sale)
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Great strategy! Just pay retail price for a house! 🤣🤣🤣🤣🤣🤣🤣🤣
I agree with your strategy. I think some of the other people commenting here don't fully understand what a "blind auction" is. You're not revealing your intentions. In fact, you're smart to weed out the low bidders and bidders that aren't that serious. In some cases, all of those little $100-200 bids can drive the price through the roof since anyone can afford to "overpay" by a few hundred bucks. By scaring those little fish out of the game early, you can get a more honest feel for who's actually playing to win. Something that I feel you might have forgotten to mention, is that I'm sure this is just a single strategy that you use when you feel you've got a seriously competitor & want to call his/her bluff. If that's the case, then yes, it's an effective strategy. KEEP THE VIDEOS COMING 😃
Love it! Thanks Chantoya. We appreciate the comment and kind words!
I want to see more videos like this but live, that would be awesome 👍🏾👍🏾👍🏾👍🏾
Awesome Jummy! We'll work on it :)
I wonder if the guy who was bragging about having loads of doe, did he wear a top hat and a monocle?
Thank you very much for the response…
Wow!!’ Brilliant
What are the properties to look for that are good to place your bid and properties that you should avoid?
$150,000 buy… .. cash means… that $1500/ rent minus cover costs ( max, taxes, insurance etc) = $1000/ month cash flow… = 13 years to get your cash back…. Or…. Five years to sell for $ $200.000 maybe … .
Please what’s your strategy?
Thx
This guys (investors) have money if they want a house they will have it ,, period dont even matter if you bid up by 100 or 1000s ....
nice!
When they have auctions like this taxes tend to keep rising, What the city needs to auction off is all the city jobs then property tax would be fair and affordable, If somebody wants to win the position of mayor or governor they could announce this is there new plan and guess what, it would be a for sure win! What do you think?
I learned this trick buying on ebay. Good tips on doorknocking though.
so what wording would I use to find out if this the rules for the tax auction im trying win in cal
How do I get the list of all the Tax collectors that you mentioned in one of your video?
I'm interested on learn how to do this
Nice, check out the link below the video for a free training.
Are most auctions setup this way?
The worst strategy ever. Ebay works the same way and this si how you end up overpaying and competing with top dollar
Why not wait to the last ten seconds of the auction and make your max bid?
you could totally do that! we've done it before!
so theyll keep jumping it by 5k each time and you r still paying the same game. they will keep putting in low bids to imcrease your pay amount.
This was Dope!
are all states tax sales that way as far as being able to bid way up and it only taking 100 more than the last bitter
Sounds to me like you got played by the owner...
So the buyer who acts like an investor tells you "I got lots of money, I'm going to outbid you", so you go, "I'm going to win this, I'm going to bid 90% value". The owner's plan worked perfectly....And the the renter (owner's wife) moves out after you win the bid....lol
“ we are prepared to go 90% ARV on this priority”…?!
Would you please explain your exit strategy when you buy with no equity?
Thx
Yeah we don't buy if there's no equity. Not sure where we said that above statement. But if we were buying to hold for a while we MIGHT buy that high, but likely not, unless we have boatloads of cash and the only other option was lighting fire to it. :D
Can you guys stop being greedy and let us common folks buy one… smh F Your portfolio
ljb money thanks you.
How long are the auctions? How many days?
3-4 Days for the trip. The auctions usually last only a couple hours
how do you research California tax deed properties to ensure they do not have any additional liens, encumbrances?
You ever get the answer to this question? I’d love to know too
@@jordanferrerfer9914 me2
What online auction platform is that?
Hey It's Bid4Assets.com
eBay works exactly the same way.
oh yeah!
I was thinking exactly the same LOL
so, does that mean if nobody else bids, you win the bid and have to pay $125,000 for it?
Hey!
Yeah, If you're bid is $125,000, then that's what you'd have to pay :)
Once you see that no one else is bidding can you change max bid to a lesser amount than 125k to just like 80k or something right before the bid end?
no you cant lower your bid, in this case it's like Ebay, when the auction ends the highest bidder wins, and I might have waited till the last few minutes to bid 125,000 so the guy at 70,000 doesn't have time to keep raising it
If nobody bids above this amount (72k I think), then they will have to pay only this amount. It doesn't matter what's their max amount is.
@@latashac2432 That's not needed. You'll pay only what your latest winning bid is
So if the bidding stops at $75,000 and you by putting $125,000 . How much you pay to take it ? The 125,000 or 75,000 plus????
You pay the $75,000, which is the highest bid!
Tax Lien Certificate School so it’s just like Ebay but in this case it’s tax lean!!! Would you get your money back if the original owner starts pay the tax and what if he doesn’t?
@@DustinHahnREI I have the same question and do not understand why the $125k is not what needs to be paid?
Yeah, you get your money back if he pays the original amount plus the interest. They'll need to pay it all back to get ownership of the lien or satisfy it.
In this instance, if the highest bid is $75,000, you only pay $75,000, not the $125,000 because no one bid you up that high!
You are not an emotional bidder
I have always wanted to see how tax deed vs leins goes!
Awesome!
I don't understand. If the bid for example was $70k and you increased it by $50k ($120k) and nobody bid past the $70k wouldn't you have to pay $120k? My apologies but I thought the highest bidder wins and $120k in this example is the heighest bid.
So his MAXIMUM amount is $125k he is willing to pay for the property. Now if the highest bid is $75K that means he is still the leader because no one was able to come close to $125k. He has $50k back up money to outbid someone. If someone outbids his Maximum amount of $125K then he has to up his Maximum amount to become a leader again.
Ha Ha. Dumb trick. Why not bid toward the end of auction. Called sniping.
I don't think it's that great of a strategy to be honest but I am curious did u win this property
Thanks Ann. I don't believe we won this property, but we did get one at this sale!
Thats Awesome!
@@DustinHahnREI Which website are you showing here
I don’t understand, you hate the competition; trying different strategies to beat it yet you are trying to teach people this “business” creating potential competition.
WHY
Why all these different people trying to convince us to get us in the game when we will be your competition; is TH-cam money soo good ? Or there are other reasons
bad strategy dude
Wanna share a better one?
Don't signal your intentions. Keep your bid to yourself until the very last minute. Your "fancy trick" is just based on the fact that you are willing to pay more than anybody else.
good video but why am i getting the homosexual vibe from each n every person in the video
wild times! We hope that clears up for you ;)