Wholesaling Real Estate with delinquent taxes
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- เผยแพร่เมื่อ 10 ก.ย. 2024
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So you're basically bundling the backed taxes into your offer. Makes sense. Great vid
Sensei Max teaching his students the art of never being broke again 😂😂 I hope I get to meet this guy soon
Your analogies are great. It makes the concepts easier to understand. Keep it up!
Best Video so far! This is how you have to break it down! Don't make it hard on yourself folks...IT IS JUST THAT SIMPLE! Keep 'em coming....do one just like this for coming up with REPAIR #'s, closing cost and any other expense that gets deducted during closing! Thank you Max!
I've been watching Max for a little while know and he's really the best man.
He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
I just asked this same question. I didn't know tax "lien" properties could be wholesaled. Good stuff.
Man, I freaking love your videos! You explain things very well and make them look so simple and easy to do. I've never given so many likes on TH-cam before. Cheers!
The more I'm watching the more I'm understanding it. Peace and love to all...
This is a great concept because you can just zero out in the transaction when it comes to the wholesaler/ seller transaction. But you can pick up the profit from when the wholesaler transaction. Very very intelligent. This is what I live for.
Got it, add what's owed to the offer. This was such a simplistic way to understand this ADDING the phone example was excellent. Thanks
My state is a Tax Deed state. Found the Hot Zips and worked the zips closest to my zip. In deal machine placed mailers on 6 deals found over two days. The first day of the challenge asked for this comment. Ima Keep going.
I would LOVE to see more videos like this Max. Very informative and easy to understand when you break things down like that. Thank you so much for all your content
Hey!!! Team Andriod!!!! 😂😂😂 I was offended by your comment! lol jk!!! Great tips! I like how you explained it with the cellphone. Its sort of the same thing with a car. When your car is "upside down" in payments.
Added to playlist. Good info. Hey, I switched from IOS to Android after 10 years. Makes lots of sense trust me 😛 I should have done it much sooner.
Yes it does androids are the best
Why? I feel like IOS works stronger than android
Now you know welcome to the sqaud😂💪
Read my comment above
@@Thinkbig2025 ... its learned behavior a marketing tool.. and mind programming like purposely making android text green to make apple users feel exclusive... why green.. its mind programming... and 100 other things I could say
I've done it. It's easy. Great explanation!
I've been watching Max for a little while know and he's really the best man.
He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
Max can you please do a video about the interaction with the seller in terms of them finding out that your not the end buyer. When should I tell them, if at all? How do you handle it when they are angry or find out your profiting, etc... im just worried about building rapport and then having it all crumble bc they feel theyve been lied to. No one is talking about this, why??? Thanx!
Derick Robinson -I know you asked Max. I’d personally want to hear from him.
However, If I may interject- I thought when you were speaking (face to face) with the “seller” that you ALWAYS tell them YOU’RE AN INVESTOR. This way they know you’re there to HELP them solve their challenge.
Max actually has great video on that subject. Maybe you hadn’t gotten to it at the time you posed your question.
Wishing you well.
🇿🇦🇺🇸
You're the man Max! Exactly what I needed, I am diving into the game this week all thanks to you. Testing out a new lead source too. I'll let the group know how it goes on FB.
I've been watching Max for a little while know and he's really the best man.
He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
Thanks for breaking it down where I could understand 😅
Omg thank you so much for this video. I’ve heard of this happening but I wasn’t completely sure how to approach it if it happened to me. Thank you for all you do!
When you break it down like that this type of situation seems really simple. Thanks for explaining this type of deal in the video.
Shalom Max, Blessings
Great Video !! Thanks ✌
Thank you! I’ve been watching video after video because I was getting so confused about how the debt & equity aspects factor into these kinds of deals and in one video you made it make perfect, simple sense.
Your content is priceless brother!! I appreciate all that you do for everyone
😂😂😂 finally got it. Appreciate you bradda for what you do. God bless
Thanks Max! Simple and straight to the point!
The information is awesome. I have been afraid because of scams and really no education on the subject. But know is the time. My time. Trust is a big factor for me. I can truly say i Trust your word. I am on my way by April i will have had my first deal completed. Thanks again
So you just add the cost of the taxes into your offer I was wondering how I was going to deal with that problem I was just thinking about this today
Pure gold !!! Thankyou Max
Thanks for the cut and dry breakdown. Sorry i missed the live the other night. IG kept crashing on me. I think people are going to get some serious value out of this. Keep it up max.
GREAT VIDEO! We were talking about this the other day.
Brilliant analogy! Great video as usual 👍🏾
Understood. Great way to break it down 👍🏽
Omggg this is perfect !!! This is just what I needed!!! Thank you so much!!
That was a perfect simple explanation man thanks so much
Damn this is a very informative straight to the point video many thanks for sharing.
OK my bad I get it now your putting the mortgage or taxes into your offer dah I'm little tired I get it now that rocks I was worried about dealings like that but it's so simple now thanx
The disrespect to us Android users was real 😂. Great video. Simple breakdown. Very easy to understand. 💯
Thank you I’ve been looking for a video to exactly explain this!! Thank you
You low balled Android? Have to unsubscribe man now but seriously great video because I was looking at a property out here in Vegas and this was a thought I had in mind. Thanks for the great info vid!
Indeed. This video gives a clear answer. Thank you!
Just was a great video. It explained something that I've wondered about for a while. Thank you so much
Thanks Max, your vids are always informative!
What a great and clear video. Easy to understand. So if the house has both the Delinquent taxes and Mortgage then : then we have to consider both of those and then offer lil bit more off of that for the seller correct? and For Taxes we will have to deal with commissioner and for Mortgage we will have to deal with the sellers bank to finish process?
No title disperses it all that lien positions they get paid accordingly
Thank you for the nugget!! I sent you an email about a distressed home with a mortgage- this vid answered my questions
Tax goes into the offer price so seller can clear that. Easy peasy.
Great video Max!! Much appreciated.
Great accurate info....go do it...thanks Max
PH
That was a good one Max
Great vid, taught me something new!
Good video!
This is a great video, I’m soaking up all your game. I’ll be REInvesting soon come, lickle more seeeen!!! 👊🏾
I’m kinda confused on that 30% brotha. What discount is that? Do you have to do on every wholesale buy? Thank you again. I’m grabbing a spung and soaking up this intel from u. I appreciated it
TUFFNUTz the 30% is taken off the arv so when you sell it the buyer has more room to make their money on the deal
Thanks Max, very nicely explained.
🌹Super Helpful as always‼️ #encumbrances 💰
Much appreciation for the info brother.!!!!
Thank you brother. Very informative....
Android: Come to the dark side, Max
Max: Nah, I’m good.
I’m confused on the discount portion of this video everything else makes perfect sense. Can you explain further
Greetings, the 70% of ARV is sometimes referred to as the “investors discount” If the figures are correct, a fix and flipper should be able to make that 30% at minimum as profit, once the property has been rehabbed. 🙏🏾
Thank you Max!!! 🤗
Max can I wholesale a house that only one year behind in taxes?
THANKS MAX FOR THAT INFORMATION
Thanks for sharing Max.
what happens if you purchase a tax lien for a house that you would claim as yours after a 1 year grace period passes without the owner paying you back.......but the owner has a mortgage on it and a bank is involved?
This makes sense. Thanks for making this.
Great video!! thx
It took me 2 weeks, 18 youtube videos to finally stumble on this and finally get it!!!!! THANK YOU!
Great explanation, Max!
This is GOLD!!!!!!!!!!!
It sounds like youre assuming the owner is going to be completely honest or knowledgeable about all the encumbrances. If theyre not how would you know what all the encumbrances are without doing a title search?
I need help please. I found a property that need repairs the owner asking price is $62000 and he said the house needs 37,000 in work it’s a 3bed/2ba it’s a 908sqft. How should I calculate this? What formula should I use to know what’s my offer is? If I live in Texas
I do Tax Delinquent Scrubbing and Web Scrapping
Great video! Signed up for the Facebook page also!
Office looks clean!
Amazing content man, doing the 30 Day challange! It's timeee!!!
Thanks Max brother
I have a tricky situation, but I think I may have a good deal. I found a property on my city’s tax delinquent list, they owe more than the property’s worth atm.... it’s a fixer upper but the areas comps are amazing so I’m willing offer over what they owe a little. Is this a good idea? Should I contact them? I feel like I could work out a great deal with this one. Someone help!
Maybe you could pull off a Subject to deal. But if what they owe exceeds the ARV, then it's normally not a wholesale deal. If you decide to do a sub 2, make sure you know exactly what you are doing.
Question: how do you know if the property has delinquent taxes on it??
What about if the property was auctioned and an investor holds the title for the property for a year unless the owner redeems the property within a year. Could the owner sell their house since they have a year to redeem it? Or is it not possible since they no longer hold title?
so the mao should always be over the mortgage balance, if so is the seller always obligated to pay the remaining mortgage?
I have a question in Illinois ( cook county) our tax assessor has information on the property including building violations and foreclosure liens. Is this sufficient enough to not hire someone to check the title for liens?? Thank you??
The Title Company will still check to be sure that there aren't both title and liens on the property.
And I thought I wouldn’t needed MATH skills after highschool and college!
what if you pay a tax lien on the house and the person do not pay for the taxes within the year. can you still sell the house
To be clear, A house worth over $100K we do 30%? When do we use 70%?
Black Gold you either multiply by 70% or subtract 30% - same affect
Thank you
I'm currently marketing to the tax delinquent list in my county and appreciate the info. Is the method of making your first offer 15% lower than your max offer an everyday strategy for you or only used in specific situations? I could see how letting the seller negotiate you up to your max offer could help them feel like they got a win, but I'm always concerned about offending.
CC B hey were you successful with that tax delinquent list a year back ? Did you implement the 15% negotiation technique?
That would be smart to make it 15% you always want to start with the lowest max offer not your max offer
Thanks max!
Thanks Max
Thanks for the info!
Hi Max, I doubt you’ll see this but I ask anyway. How do you factor in closing cost?
Thanks for this vid. So how do you approach the sellers if you are cold calling them?
I keep riding by ths for sale by owner property on my way to work is this a good property to start with I haven't done any deals yet but I want to get started
Okay so the seller stays with 20k and the other 20k go towards the balance of mortgage- where do my 10k come from?
Your assignment fee. 50k after repairs - your fee (10k) leaves 40k. Back taxes (or mortgage) is 20k and is subtracted from the 40k. The seller walks away with 20k cash, you walk away with 10k cash, and the taxes (or mortgage) are paid off. All this happens at closing.
Try the Arv Mao quik calc on google play
Please help have a lead arv is 214k there is 132k mortgage still on the house and the seller wants 175k.. I want to wholesale it get under contract for 97k is this right or wrong
Thanks Max! I watched someone else's video on this and was bored and confused. You simplified it very well for me! Thank you for creating this video!
I totally respected you until you said android phone. lol Such a helpful video.
Max Maxwell will I assign my contract for 50k to the investor buyer?
Hey Max! Question for you. If I am looking at tax records from two years ago, how do I know that they haven't paid it off already? Instead of waisting their time and mine with a property that may be resolved. Do counties remove the notice once it has been paid? Or will it stay there as public record. Thanks!
Loved the video but prefer android xD... Well Explained!
Good stuff max!
@Max Maxwell you mentioned a Wholesale Calculator in the video, is this an app if so which one???