Tax Deed Auction Part 4: I Bid on 50+ Tax Deed Properties. Here's What Happened...
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- เผยแพร่เมื่อ 9 ก.ค. 2024
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I just got through the annual tax deed auction in Michigan, and here are the results. Are there opportunities here? Sort of. It depends on what you're looking for and expecting to find there.
0:00 - Intro
0:48 - Recap: What is a Tax Deed Auction? How does it work?
2:53 - Upsides and Downsides of Tax Deed Auctions
4:27 - Everything Online: The new era of tax deed auctions
5:21 - The Results
16:59 - What a “deal” is from a land flipper’s perspective
14:42 - Setting Proper Expectations and Finding a Competitive Advantage
19:36 - Disclaimers
21:58 - The Dangers of Emotional Buying
24:43 - Conclusions and Takeaways (and Better Ways to Find Deals)
Land Investing Masterclass: landinvestingmasterclass.com/?...
The Beginner’s Deal Finding Guide: dealfindingguide.com/?...
Tax Deed Auctions Part 1: When, Where, and How to Find Deals at a Tax Deed Sale - • Tax Deed Auction Part ...
Tax Deed Auctions Part 2: Live Bidding War and the Aftermath - • Tax Deed Auction Part ...
Tax Deed Auctions Part 2: Finding the Right Tax Deed Properties to Bid On - • Tax Deed Auction Part ...
Tax Deed Auction Part 4: I Bid on 50+ Tax Deed Properties. Here's What Happened (YOU ARE HERE)
Hey Seth, just thought I'd let you know how your videos have helped me. I've been watching your videos for years and was able to buy an undeveloped lot at the county's tax sale where I lived in Alaska. It was a little over an acre and I paid $2,200 for it when comparable lots were selling retail for $10,000+. As the years went by I eventually built a house on it and our children grew up there. I retired this year and my wife and I moved to Texas where I put the knowledge I gained from your videos to use again and this time bought a 1 acre lot in a subdivision with electricity AND water line with VERY LIBERAL building conditions for a little over $5,000 at the county tax sale. I do have to agree with you though. Both of these properties were in person auctions and no online so there was much less competition than I believe there is online. Anyway, I just wanted to say Thanks!
That's so great to hear! Thanks for letting me know! Nice work on getting those deals done. :)
Yes,Seth is a very inspiring person.
I did two auctions in WA this year on Bid4Asseets. My results matched yours 100%! Send that mail!!!
Love your content man. Im about to dig in on the rest of your videos
Alright! Glad to hear it!
Thanks for this. I was researching going into this format and you saved me alot of time. I will succomb to world of mailers :)
Happy I could help, Carl! Good luck to you.
Thank you so much for this video series- very helpful, most honest & transparent info I've been able to find on the subject!
Thanks for watching! I'm glad it helped!
I so appreciate your videos; thank you!!
Thanks for watching! I'm glad it helped.
I think your timestamp format in your description is using the incorrect format. If you want it to show up in the video, you type
Video section name: (hh:mm:ss)
For each timestamp.
You don't need the first digit if it's a single digit number and it's the leading number. For example you can type (5:15) instead of (05:15).
@retipster, please make videos on tax deed sales on boat slips. please provide your detailed analysis on boat slips, ty
Thank you.
You bet!
I live in Brasil , I would like to know how can I invest in tax lien certificate
Great educational videos! Fellow Michigander here, Grand Rapidian, and I was wondering aside from cash/credit card, what are some other financing options given that you only have 5 days to pay in full. Thanks!
You could get yourself a HELOC or a HEL (if you have any home equity available). If you have a rich uncle who is willing to throw money at you, that could also work, lol.
Seth, do you offer 1 on 1 mentorship. I'm also in Michigan myself
I have a question would you go for interest in common areas or undivided interest properties?
thanks
You're welcome!
@@Retipster One thing I was wondering though, could you afford to pay more than 30% of market value if you consider the savings in marketing / time dealing with sellers? Or does the cost to clear title with the quiet claim negate those savings?
👏👏👏
How would you find out if the property still has a mortgage, I’m from TN and I’m not sure how to see any details on that
That would happen through a title search. Here's some more info on how that works: retipster.com/how-to-do-your-own-title-search/
Wait, this is the wrong video- this is Part 1 again.
Just fast forward to 5:21 and you can skip all the recap stuff from Part 1. :)
Just as I though ,all other so called gurus pushing their fake knowledge while there nothing to gains.
What else can one expect if everybody is online these days.
It's hard to say for sure. I was probably doing something wrong, but at the same time, the "right way" isn't exactly easy or obvious, even to a seasoned investor. A specific strategy is needed if you want any hope of finding an opportunity.
@@Retipster You’re absolutely right,every opportunity have expiration date, it’s like those were still digging for gold in Alaska and went bankrupt because all the gold was already taken.I’m sure tax deed auction was the gold one some 15 years ago but as more people have learned about it became unprofitable ,same applies to other market niches as well that are not limited by licensing.I remember back then I could walk in to a thrift store and pick up the vintage great full dead tee for two bucks but nowadays I can’t even dream of it ,so many Kids competing for the same tee.
Can we get in contact. I really need to learn from the best. Wish u consider my request
What exactly are you trying to learn?