What about times in between auctions? I'm in a deed state that holds auctions once a year then does county owned properties. That list doesn't get new added throughout the year. I've looked at every county owned lists and there is nothing. This will be my first purchase so I was trying to stay in my state
In the states that hold one auction a year, you really don’t have too many options. You can either wait until the next year or invest out of state - the majority of members in Tax Sale Academy make their first investments out of state, so it isn’t difficult once you know the process. Outside of that check for OTC properties I’d offered in your state.
I'm educating myself on TH-cam, later this year I'd like to start a mentorship, I've been listening to several people who do this. This does appear to be more immediately profitable than the Angle investments I'm still waiting to pay off.
Thank you. Quick question so I know what to expect. Got a prop home in my state that is tax foreclose auction. Opening bid is 25k. Zillow and others have the value at 600k. In your experience how much would that be bidded up to winning bid. This would be a house my daughter, her husband and I would be going in together to live in as our first tax foreclosure
Hi David: There is really no telling - it's highly dependent on where the auction is, who shows up, etc. I've seen properties go for opening bids many times and properties sold higher than market value many times. Just too many variables. I would be careful and run your own valuation outside of Zillow and the other computer-generated numbers. They're getting better, but can definitely screw up still. And don't forget to do a driveby!
Tax Liens will usually produce your return when they're redeemed - in other words, there's no additional work most of the time after purchase. With Tax Deeds, you'll need to market and sell that property in order to produce your return. Liens are lower returns and less work. Deeds are higher returns, with more work.
I'm subscribing and leaving a comment because you told me to. but I also appreciate this channel and your expertise. I want you the previous video and then went to your channel and subscribed. I hope to get involved in this activity. I am still very nervous about so much. I'm gonna check out the rest of your videos and see what you have to offer. Thank you again for sharing your knowledge and wisdom
I would love to join a mentorship . I work in finance in the auto industry , I been reading and watching so many videos , I also have seen so many mentor ship but after reviews and research I’m struggling to find one worth the money .
There are far too many "mentors" out there that are great at marketing, but bad at teaching/investing. My suggestion is to go through all of my TH-cam videos and podcasts. After that you can grab my book at www.TaxSaleBook.com (it's less than $5, which covers shipping). If you'd like more detailed training and support after that, then consider joining The Tax Sale Academy. If you don't want to join us, I'd suggest trying to find someone local to you. If you do go the online route, be very careful. Many people join us after having paid for others' trainings and the stories I hear are quite shocking. Best of luck to you!
@@TaxSaleAcademy thank you I been watching your videos religiously and I love your style of teaching . I have a note book full of notes and you really are amazing at what you do ! You provide so much content and information I’m going to grab your book . Let’s say I want to join the tax sale academy will I be able to reach someone in regards to what I should be expecting from the academy?
I live in Smith County, TX. Weird.... It's a sign!! Joking. Thanks for all the good stuff!!
Hahaha!
I live in Gregg county👊
Can’t emphasize how important it is to learn. Make the investment of time and money or you’ll end up buying something you can’t do anything with.
Absolutely! I’ve seen it far too many times!
Enjoyed this episode; and greatly appreciate the research/information you are sharing!
Awesome, so glad to hear that. Thanks for watching!
Happy to learn from your experience. Thank you
Thanks for watching!
Very informative. Thank you.
Mr Denman-
What is the best bank or investment platform to have my tax lien/deed on? What companies/banks would you recommend?
I just want the book
It’s at www.TaxSaleBook.com
What about times in between auctions? I'm in a deed state that holds auctions once a year then does county owned properties. That list doesn't get new added throughout the year. I've looked at every county owned lists and there is nothing. This will be my first purchase so I was trying to stay in my state
In the states that hold one auction a year, you really don’t have too many options. You can either wait until the next year or invest out of state - the majority of members in Tax Sale Academy make their first investments out of state, so it isn’t difficult once you know the process. Outside of that check for OTC properties I’d offered in your state.
Thank you for the response! Your podcasts, TH-cam, and book have made this all seem very attainable. I'm excited to buy my first tax sale investment!
O.T.C.Tax Deeds,for me
Yes, can be extremely profitable. But also the riskiest form of tax deed investing if someone doesn’t know what they’re doing.
I'm educating myself on TH-cam, later this year I'd like to start a mentorship, I've been listening to several people who do this. This does appear to be more immediately profitable than the Angle investments I'm still waiting to pay off.
awesome content!
Appreciate it!
Great job!
Is it TRUE, that I can buy deeds for as little as 50.00 for OTCs ??
Possible, yes. Likely, no. I've seen tens of thousands of properties sold and it's pretty rare they go that cheap . . . but I have seen it.
Thank you. Quick question so I know what to expect. Got a prop home in my state that is tax foreclose auction. Opening bid is 25k. Zillow and others have the value at 600k. In your experience how much would that be bidded up to winning bid. This would be a house my daughter, her husband and I would be going in together to live in as our first tax foreclosure
Hi David: There is really no telling - it's highly dependent on where the auction is, who shows up, etc. I've seen properties go for opening bids many times and properties sold higher than market value many times. Just too many variables. I would be careful and run your own valuation outside of Zillow and the other computer-generated numbers. They're getting better, but can definitely screw up still. And don't forget to do a driveby!
What kind of more work on tax teed ?
Tax Liens will usually produce your return when they're redeemed - in other words, there's no additional work most of the time after purchase. With Tax Deeds, you'll need to market and sell that property in order to produce your return. Liens are lower returns and less work. Deeds are higher returns, with more work.
I'm subscribing and leaving a comment because you told me to. but I also appreciate this channel and your expertise. I want you the previous video and then went to your channel and subscribed. I hope to get involved in this activity. I am still very nervous about so much. I'm gonna check out the rest of your videos and see what you have to offer. Thank you again for sharing your knowledge and wisdom
Awesome, thanks so much for your comment and subscribing. Keep watching and learning and you’ll be ready to go in no time.
thank you for the very point of facts way of explaining. very refreshing.
Absolutely, thanks for watching.
I would love to join a mentorship . I work in finance in the auto industry , I been reading and watching so many videos , I also have seen so many mentor ship but after reviews and research I’m struggling to find one worth the money .
There are far too many "mentors" out there that are great at marketing, but bad at teaching/investing. My suggestion is to go through all of my TH-cam videos and podcasts. After that you can grab my book at www.TaxSaleBook.com (it's less than $5, which covers shipping). If you'd like more detailed training and support after that, then consider joining The Tax Sale Academy. If you don't want to join us, I'd suggest trying to find someone local to you. If you do go the online route, be very careful. Many people join us after having paid for others' trainings and the stories I hear are quite shocking. Best of luck to you!
@@TaxSaleAcademy thank you I been watching your videos religiously and I love your style of teaching . I have a note book full of notes and you really are amazing at what you do ! You provide so much content and information I’m going to grab your book . Let’s say I want to join the tax sale academy will I be able to reach someone in regards to what I should be expecting from the academy?