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MOTIVATIONS FOR THIS WEEK

 GOALS
"When you want something you've never had, you've got to do
something you've never done"

FUN AND PROFITS IN TAX FORFEITED LANDS

HOW TO START WITH A FEW DOLLARS AND WORK YOUR WAY UP TO A FORTUNE.

I have had so many questions regarding how much it takes to get started in this business and make a success.  This newsletter tis dedicated to trying to answer that question.

Here is what I would do knowing what I now know.  Let suppose that I only had $500.00 or less.  Here would be my plan of attack.

One:  I would purchase a Fun and Profits in Tax Forfeited Lands Manual for the state in which I live. Cost $79.00.

Two:  I would read it over and over again until I understood exactly how tax liens were handled in my local area.

Second.  I would use the form letters in the manual and write to each tax collector in the State and ask that my name be placed on the mailing list to receive all notices of tax sales.  I would make a file folder for each county and I wuld place my responses in those file folders.  Cost is about fifty cents per county including stamps, paper, and envelopes.  I would include a self-addressed (no stamp) envelope for the use of the public official in responding.  Estimated cost in a state with 100 or less counties is $50.00.

Third:  As soon as I received a tax sale notice whether it be a tax lien certificate sale or an actual auction of tax forfeited real estate, I would immediately obtain the addresses of the delinquent property owners.

In most cases the copy of the newspaper in which the advertisment appeared will have the name of the property owner.  I would then use People Finder on the internet (I use Select Phone CD'S (Cost about $80.00) to obtain their addresses.  The internet is FREE.

I would than make up a mailing list of the delinquent property owners and write each of them a letter.  The form letter is in the manual.  I would include a copy of the Aricle on How to Create a Tax Deductible Loss and the article from the Arizona Republic which are also in the manual.

I would offer the delinquent property owner $50.00 to $100 (never more) for a quit claim deed to the property.  As an alternative to this, if you live in the same city where the property owner is located you can call him/her on the phone and attempt to determine if they intend to redeem or not.  If not, they will be open to your offer of a token payment.  You should acquire about two properties for every 100 letters or phone contacts.  Costs for postage, envelopes, and the $100 payment per property about $250.00.

Fourth:  Record the deed. Cost from $6.00 to $12.00 approximately.

Fifth:  Obtain a plat map of the property. Obtain an assessment card showing the real fair market value of the property from the Tax Assessor. Obtain the names and addresses of the adjoining property owners.  Contact the adjoining property owner  and offer to sell the property for about 1/2 of its real fair market value with  an agreement that the buyer will pay the past due taxes.

Sixth:  Advertise the property in local throw-away type of newspapers such as Penny Savers, Thrifty Shoppers, etc.  Cost of an average ad is about $20.00.  Send a package to those who reply showing how much you want for the property, the plat map (showing them the location of the property - a photo would be great) and a copy of the tax assessment record showing the full value of the property.

Offer to sell the property for a small down payment.  I usually ask for ten percent of the selling price as a down payment and the balance payable at 1% of the total selling price per month including 10% interest until paid in full.  As an example, I would sell a property worth $20,000 according to the tax assessor for $10,000.  I would accept $1000 as a down payment and payments of $100 per month including 10% interest.  This will take the buyer about 13 years to pay off the property.

This idea works especially well in those states that hold tax lien certificate sales and where the redemption period is a long time.  If you can get the list prior to or even after the tax lien certifiicate sale and obtain a deed, you have a long time to do something with the property.  You do not have to redeem until it is to your advantage.

If you live in a state that only holds what are know as Tax Deed Sales, then it is a good idea to visit the court house and get a list of delinquent property owners from the tax collector or write and ask for such a list. There is a form letter in the manual for this exact purpose.

Using this technique you can get started with a minimum amount of money and you can make huge profits over a short period of time.

I can guarantee you this method works.  I have received deeds to thousands of properties using this method.  I pay from $25.00 to $100 for a property.  The most I have ever paid is $200 and that was a special occasion where I knew I could make several thousand dollars very quickly.

So, my suggestion to you is to invest $79.00 in yourself.  Get a state manual for the state in which you now live and get to work.  Before very long you will be spreading out  and will probably want a state manual for every state in the country.

And, I know I will be getting great success stories from you.

I hope this helps making your investing more enjoyable and more profitable.

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FUN AND PROFITS IN TAX FORFEITED LANDS MANUAL ONLY $ 25.00

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