STORIES - STORIES - STORIES 

AND MORE STORIES

PLEASE SHARE YOUR EXPERIENCES - GOOD OR BAD - WITH US. JUST E-MAIL YOUR STORY TO roys@taxsales.com, AND I WILL INSERT IT BELOW FOR THE BENEFIT OF OTHERS.


24 Sep 99 COMMENT: The following customer purchased a Georgia Manual in June of this year. Look what he did at his first Auction.

Well Roy,

Things seem to working out pretty good for us. My sister and I decided to join forces and attended an auction here in Georgia. There were a lot of bidders, but we waited for the right moment and the right property. Apparently, no one bothered to go look at the properties because this deep water-lot came up for sale. There was one other bidder giving us trouble, but he was bidding in $25 at a time and we were bidding $100 at a time. Well, when the bidding reached $1000, he quit bidding and we received a tax deed for the lot. I have checked around and found out that these deep-water lots are selling for $39,000 to $45,000. I just couldn't believe our good fortune. I'm looking forward to our next adventure.

Best Regards,

David R. Swindell 


5 October 1999

Roy,

I ordered the _____ (Name of State removed at customer's request) manual some time ago, and have just received a copy of my first deed on 2 wooded acres(the original to follow soon)I paid $1000 and it is assesed at $54,000. I did'nt think this was too bad for my first time :-)

Thanks for all the newsletters etc. I really appreciate the insight. If you want to let people know of my success that would be fine , but I'm kind of reluctant to have the state (at least the area anyway)name divulged, as you can appreciate.

Once again thanks for all the help,

Brandan 


Date: Wed, 22 Sep 1999 09:13:27 +0900 From: "kyosai" <kyosai@comlink.ne.jp [Add to Address Book] Subject: Success Story To: taxsales@excite.com

24 September 1999

Hi Roy!

Well, it's been an incredible 6 months since I first met you in your sites Chat Room! After ordering your CA, AZ, NV and USVI manuals, I realized that there definitely plenty of fun and profits in tax forfeited lands for everyone, even me. Living in Japan, however, I also realized that I either had to wait until I returned to the U.S. to start working your fantastic strategies or modify them in some way for people living overseas like myself. It was exactly at that time that you discussed another possible methods for safely buying land "free and clear" from the State for pennies on the dollar. Well, Roy, you'd be proud of me! You gave me the ball and I ran like crazy. After obtaining the proper maps, making contacts with local and State officials and reading through lists of 12,000 to 15,000 properties, I've done it! My first three "free and clear" Deeds arrived in the mail last week. I was able to purchase three residentially zoned lots in a beautiful wooded resort community nestled in the Ozark Mountains. Each lot has a FMV (Fair Market Value) of $1500. I bought all three lots for a total of $260!!! It was indeed well worth the wait and the initial money that I invested in your manuals. I am currently using the same method to purchase two lakefront lots that have a FMV of $30,000 - $35,000 each. If successful, I'll be able to pick up both of these lots "free and clear" for $3,000! That's $60,000 worth of extremely marketable property for just $3,000! I truly never thought that I'd be buying land for $0.05 on the dollar, especially from a foreign country. Roy, your willingness to share your strategies and patiently answer my many "rookie" questions in the Chat Room prove once again that you are not only a man of your word, but also a man of immense honesty and goodwill. Thank you for everything and I sincerely look forward to treating you and your wife to a fabulous steak dinner once I return to the U.S.!

Warmest Regards,

Todd Barrett Yamanashi, JAPAN 


24 Sep 99

COMMENT: The following customer purchased a Georgia Manual in June of this year. Look what he did at his first Auction.

Well Roy,

Things seem to working out pretty good for us. My sister and I decided to join forces and attended an auction here in Georgia. There were a lot of bidders, but we waited for the right moment and the right property. Apparently, no one bothered to go look at the properties because this deep water-lot came up for sale. There was one other bidder giving us trouble, but he was bidding in $25 at a time and we were bidding $100 at a time. Well, when the bidding reached $1000, he quit bidding and we received a tax deed for the lot. I have checked around and found out that these deep-water lots are selling for $39,000 to $45,000. I just couldn't believe our good fortune. I'm looking forward to our next adventure.

Best Regards,

David R. Swindell 


23 September, 1999

Roy,

Two last things to pass on to you- first, I tried to download the Florida, PA, and MI deal you emailed (prior to the last OH download)and they would not download properly. So, when you get a chance, please email those again in MS WORD format just like the last OH manual you did. Second, I want to thank you again for the effort you've put in on helping me on this first deal. I have been in business for myself for about 3 years now, and realize the efforts one must put forward to provide superior customer service to the public. You have provided me with FAR better service than ANYONE OR ANY COMPANY has via the internet. I thank you very much for your efforts, and professionalism. In addition, Gina has been very quick to respond to me. Once the first property goes through, I will be sending money to Gina/You to start the coaching program immediately. Anyone interested in real estate should purchase your manuals. I have a few rental properties now, and could have 50 if I started this program 2-3 years ago. Thanks again! Feel free to edit this email in anyway you want to use on your website, or any other advertising you do! Thanks again.

Shawn 


20 September 1999 (This customer has some really valuable ideas).

Hello Roy:

I recently purchased your jumbo tax/trust pack and find it to be a wealth of information. I have not begun to absorb it all, but am focusing initially on the states of Alaska (where I live - Matanuska-Susitna Borough has a tax sale October 23rd - www.co.mat-su.ak.us ), Oklahoma, Texas, and Arkansas for starters. They seem to have fairly easily available tax deeds. Is any one of these stateside states better in your mind than the others as a starting point? Or maybe even another state? Matanuska-Susitna Borough will hold a sealed bid sale, which means you have no way to know what your competition is bidding. In my mind this is a high risk strategy game that is best avoided. One may overbid or underbid easily without the usual feedback outcry auctions provide the bidder. Either way one can be a loser. My plan to avoid it is this: Alaska law AS29.45.440 (a) terminates redemption rights when the court deeds the property to the municipality long before the tax sale. However, the record owner or assigns of the record owner can repurchase the property within 10 years and before the sale or contract of sale of the foreclosed property. The tax sale, then, terminates any repurchase rights of the record owner. I plan to capitalize on this point by mailing modified copies of your letter to all past record owners to ask if they would be interested in selling a quit-claim deed (for $50.00) before the sale, if they had no plans to repurchase the property. Along with this letter I would offer to mail those who agree to sell a deed an additional $10.00 upon receipt of a completed questionnaire in which they would provide details concerning the nature of their property and any access, utilities, improvements, etc. or lack thereof. This would be payable only to those who actually sold me a deed. For the most promising of those properties that agree sell, I would then do my courthouse research on these properties before offering to purchase a deed from them. Finally, I would record the deeds and repurchase the best properties as an "assign" before the sale per AS 29.45.470. (a) [only if the property makes economic sense]. I live your newsletters. I have received the last two, having just found you and signed up this month. Is it possible to receive back issues of these? They are a virtual goldmine of information. I want to know all that I have missed in the past, even if they describe long gone sales. Those they illustrate the future possibilities of the next sale in that county. I would be glad to purchase all back issues if they can be made available to me. I hope to sit in on your chat session (my first)this Sunday (if I can get an internet hookup while at work). Maybe you'd like to comment on the above Mat-Su Borough plan then. I appreciate your generous attitude and unselfish willingness to help all of us on our way to success.

Best regards,

Dan Nicholson 


22 Aug 99

Hello Roy,

I am a subscriber to your website and, I have been purchasing tax forfeited land for about 4 years now and have had some good success with how I have done it in the past. I wanted to tell you that with some of the information I have gotten with your e-mails from others that I have had even better success in the last year, so thank you for all the information that you provide.

Thank You.

Shawn Peterson 


Date: Fri, 20 Aug 1999 22:13:50 EDT Subject: Success Story

Hello Roy,

I've been working diligently on purchasing property in my state of North Carolina. So far, due to your methods as presented in your manuals, I was able to purchase 3 properties with a total assessed value of $60,000 for $25.00 each by quit claim deed. Indeed, it does take some work and elbow grease but with the knowledge that you give through your state manual I believe anyone can prosper! Thanks A Million Times Over!!!

Vanessa, North Carolina 


From: "trev" trev@powernet.net

To: <roys@wt.net

Subject: Thank You

Date: Tue, 20 Jul 1999 01:14:24 -0700 >X-MSMail-Priority: Normal

Hi Roy,

Just wanted to drop you a line and let you know about my success, using you techniques. I ordered your arizona manual. I did the research and mailed out 45 letters to property owners. One week later i got two responses, The first accepted my offer of $50 for 10 acres, and the second accepted my offer of $10 for one acre. My second week i recieved back three letters, and all three property owners accepted my offers of less than $50 for each property. Thank you very much. I was surprised at how easy it was. Feel free to use this email. I am excited, because this is only thebeginning.

Thanks

K.Dinkins 


HE INVESTED $5100 - ACQUIRED PROPERTIES VALUED AT $81,000.

21 Jul 99

Hi Roy,

I have been on the coaching program for a month only. I attended the auction in Kern County last week. I bought 9 parcels for a total of $5100. The assessed values are $81,000. I can probably turn them quickly for $20,000 or so. I cannot wait to get the deeds so that I can begin to sell them!! This is so much fun! The values are unbelievable. It almost sounded too good to be true. It is good and it IS true! I will keep you posted as to the actual amount I get for the properties when sold. I will be attending the auction in Riverside, CA in September. I am mailing out my first batch of letters this week. I am looking forward to the responses from the mailings. I have 200 letters going out today.

Carl Parker


A PARTICIPANT IN OUR COACHING PROGRAM ACQUIRES 6 PROPERTIES FOR $100 EACH - VALUE OF $27,000.

From: SharDel@aol.com

Date: Thu, 22 Jul 1999 08:53:58 EDT

Subject: Good News

To: roys@wt.net CC: Hinds1@prodigy.net

Hi Roy and Gina: This is fun and profitable! I have received 6 Quit Claim Deeds back from my mailing to Baxter County. Total assessed value is $5400, making a total of $27,000. I still have 3 QCD's to go (have not received them yet) and I have 7 more letters requesting me to send a Quit Claim Deed ( 3 from Baxter County, 3 from Van Buren County, and 1 from Bella Vista Village in Benton County). I also have received 3 E-mails requesting Quit Claim Deeds I am back from vacation and will get back to work on my mailings! Thank you so much for sharing this with us!!!!!!

Sharon Deloy. 


23 Jul 99 Email.

Hello Roy.

Really been enjoying the extra information through your newsletters on e-mail.You might recall me the guy from Hawaii who bought the land for $100.Enjoyed seeing my experience.I now recently live in Newyork,looking forward to sales coming up.I always appricate your insights so thought I would atleast get your manual for Newyork.Ive used your Hawaii and Washington manuals to my benifit so far.Thanks for the extra guidelines.Looking forward to what you have to say in Newyork..Thanks...

Sincerly..Bevan White 


31 Jul 99

From: "Tom Martin" TMM@lrf-kc.com

To: roys@wt.net

Subject: Re: Wyandotte county sale.

Went to the tax sale and purchased five parcels of land. One tract is very nice (probably 1/4 to ½ acres) in a good area. I paid 200.00 for it. Thanks for the info and materials. I keep you posted about our efforts to sell.

Tom


From: batabor.@gulftel.com

To: <roys@wt.net

Subject: recent shipment

Date: Thu, 29 Jul 1999 15:23:13 -0500

Hi Roy:

My books arrived in 2 days.They are the best work of anyone in the USA.

Its so hot here in Alabama today the tax certificates are smoking! thanks again for the super deal... best wishes,

Bruce Tabor


16 June 99

From: Ralph Martone <swm@sunco.com>

Subject: Florida Manual Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii"

Greetings Roy!

Signed up for your Florida manual and received it the following day by E-Mail - thanks for the excellent service!

I was apprehensive about purchasing this manual because of the some 98 million solicitations I receive on how to make money. However; upon receiving it, I found it was the most comprhensive manual on Tax Forfeited Lands and truly amazed at how you could assemble and distribute this manual for such a low price! I DO SMELL SUCCESS!

You may use my E-Mail address for anyone who wishes to confirm my satisfaction with you manual.

Thanks again!


12 May 99

From: "Pasteur, Reginald" <Reginald.Pasteur@usda.gov> To: "'roys@wt.net'" <roys@wt.net> Subject: Maryland Success Story Date: Wed, 12 May 1999 13:00:44 -0400 MIME-Version: 1.0 X-Mailer: Internet Mail Service (5.5.2232.9) Content-Type: text/plain; charset="iso-8859-1"

Roy,

Your manual helped me get a certificate on a 4 BR brick home w/garage assesed at $125,000 for $2,000!!! I received your manual around the end of April. I studied and applied your tecniques the day of the auction which was May 10th and won the bid!!! I did the research you stated in the manual and the chances are very low that they will redeem the certificate. Even if they redeem, I've made a profit due to the interest in the county. I was a little nervous and only got one......next time 2, 3, 5, and so on!!!

Thank you very, very much. The week of the auction will be my small vacation time from work every year!!! If I get this house, I can turn around and sell it for 3X my income!

RP


10 May 99

Gina from Montery County, California, at hinds1@prodigy.net, has just informed me that she is getting a deed to a property in Smith County, Texsas. There are two parcels involved totaling 21.17 acres. She paid $100 for a deed. There are a little over $3000 in taxes due but the property has an assessed value of $15,000 and the fair market value is probably around $25,000.


5 May 1999

"Dear Roy, Sorry my email is so late, I had to leave for Arizona unexpectedly.

However, when I spoke with you on the phone several days ago, I was telling you about two properties that I was purchasing after using the techniques described in your manual.

I purchased your manual in early February, followed the instructions, and sent out approximately eighteen letters. I received back several "Undeliverables" or "Return to Senders", and those went in my file for later purchase. I send all my letters with an SASE attached so that it will be easy for the owner, if he or she so chooses, to return my letter about purchasing their property.

I received one such letter back. A man in Florida who received title to two properties after his son passed away in 1986, took up my offer to quit claim the properties to me. One property is in Colorado, approximately one half acre, on a paved road, with all utilities to the lot line, heavily pine treed, and in between a golf course and a lake. This property is worth about $13,000.00 dollars. The other is acreage just north of Houston. I haven't researched this property as of yet to determine its value, however, the owner agreed to sell them to me for only a hundred dollars each. ($200.00 total)

I also purchased a tax sale certificate on a property for $687.50, and applied for a Treasurer's deed, an additional $300.00. The owners of record no longer live at the listed address, and the taxes have been unpaid since the early 90's. This property is 2.87 Acres, wooded, on a paved road, and> with most utilities in place. It's value is approximately $11,000.00 dollars.

For my fourth property, I purchased the tax sale certificate and applied for a treasurer's deed as well. This property is 3.26 Acres, in a prestigious subdivision with views overlooking the local mountain range. A similar property in the gated subdivision, with less acreage > just sold for $48,000.00.

My fifth property I am in the process of aquiring, will cost me $1200.00 dollars, and is worth approximately $15,000.00.

I have just sent away for another list of owner's addresses, and I hope that my next mailing will yield one or two additional properties for $100.00 each, using the method described in your book. I do have one question that I hope you could answer: The $48,000.00 dollar property I purchased tax sale certificate and treasurer's deed for, sold last year to an out of state business owner.Whether or not he knew of the delinquent taxes owed on the property is unknown. I have approximately four months left before a treasurer's deed is issued. If for some reason he declares bankruptcy, what becomes of the investment I made to purchase the tax sale certificate and treasurer's deed? This is something that recently crossed my mind, and I would appreciate your input on this. Also, I would like to get together with you sometime in the future and have you show me how to purchase houses at auctions. (All your expenses paid, of course.) Thank you for your wisdom,

Chad Carpenter Simi Valley, California"


21 Jan 99

Roy

Sincerely

Jesse

I WILL HONOR JESSE'S REQUEST - I KNOW HIM WELL AND HE HAS WORKED VERY HARD FOR THE SUCCESS HE HAS ACHIEVED.

I started part-time in late 1997. I bought my first property which was a 1.9 acre tract valued at $12,000 - $16,000 for $3,100. I have a contract pending for $10,000 cash.

Again, in late 1997, I bought a 3-bedroom home on a golf course valued at $102,000 for $6,703.40.

In July 1997 bought a 16 acres tract for $9100.00 dollars or $569.00 an acre. There was a sign on a property across the street for $4500.00 an acres. The tax rolls have this 16 acres assessed for a value of $31,000.00. . This property will easly sell for the aassessed value of $31,000.00 I am going to start my asking price at $3000.00 an acre or $48000.00 What a great return on my investment.

In August 1998 I bough a small house valued at about $30,000 for 2,879.00.

By November 1998 I was getting more comfortable so I bough a 6 acre tract with two houses for $15,595.00. This property is valued at $175,000 since the frontage is on a major farm road and may be used as commercial property.

In December 1998 I bought a one-acre tract with a mobile home valued at $17,000 for $2,800.00.

Also about a year ago I made an offer on a 5-acre tract owned by a school district valued at about $120,000. We have come to terms on this tract for $15,000.00. This tract is over valued But I feel it is still worth about $60,000 to 70,000.00 wholesale.

Roy you have permission to use and edit this information. Please do not use the county name and my last name.

Jesse


LAS VEGAS EXPERIENCE:

From: beachgt@aol.com Date: Thu, 17 Apr 1997 01:50:34 -0400

I went to a TD sale here in Las Vegas during lunch break today. It was a surprise after I found myself to be the ONLY bidder. About a dozen properties were listed for sale. Among those was a 4-bedroom, single-story house located in North Las Vegas with NO minimum bid. I stopped by that house last weekend and decided to bid on it for under $20,000. The house itself may need some work if I want to sell it, but it has a huge lot and the neighours are reasonably decent.

I was quickly told that the sale of this house is postponed til June since the owner filed bankrupcy. The public auction however, soon became a private conversation between me and the lonely sales guy. And here's some highlights according to this man:

1. Only cash and casher's check is accepted. 2. Most successful bids fall in the $60,000-80,000 range. They are usually located in the best residential areas. 3. He has a few clients buying and selling one house at a time and roughly make $5,000 a month. 4. Institutional investors are generally interested in properties with big profit margin, say, over $20,000. 5. Last month, he sold a house in Henderson (15 minutes from LV, quality residential area) for $7,000. Fair market value was over 100k.

I heard that TLC interests rates are often bidden down to 4-5%, or 7-8% in counties like Maricopa, AZ. I always had a hard time trying to figure out the true advantage of an investment making a simple interest rate under 10% and may tide up for 3-5 years. Comparing to TLC, a TD purchase and sell may require a certain amount of starting captial but has much more potential. Has anyone done both TD and TLC. I'd appreciate for your advice. By the way, if you are interested in the Las Vegas area, feel free to drop me a line: BeachGT@aol.com.

FOLLOWING ARE SOME RECENT SUCCESS STORIES: I hope I can add you to this list soon.

Robert, in Phoenix, Arizona, just acquired 3 properties which consisted of 2 vacant lots and a small home. He paid $50.00 for each from the delinquent property owner who had no intention of redeeming, using one of the techniques in our manual.

Paul in California, acquired a home worth about $60,000 for less than $5,000 prior to the tax sale, using one of the techniques in our manuals.

Jesse, in Texas, just acquired a home on a golf course worth about $110,000 for a little over $7,000 total. He did not have to go to the Auction and compete. He used one of the techniques which we have developed over the years and is revealed in our manuals.

Another couple in Northern California have acquired several properties for $100 from the delinquent property owner prior to the tax sale.

John, in Oklahoma acquired a nice two bedroom home for less then $2500 even after paying all the taxes and fixing it up for resale. He used one of the techniques in our manuals.

Rudy, from California, recently acquired a very valuable lot in Little Rock, Arkansas, for a little over $200, using one of our techniques. He is having a Realtor sell the property for him.


Here is a recent email from a satisfied customer:

“Subject: Hi :-

"I finally found the secrets I've been looking for. Your manual Tells all and has given me the tools I need to succeed. You're the best. I'm making your manual into my Bible! Thanks a million! I am going to order your Super Special.

Best Regards, (Satisfied customer) Florida”


Hello Roy:

Just would like you to know that I have just acquired 8 properties in Maricopa County, Arizona, using the method of contacting the deliquent property owner as explained in your manuals and offering him a token payment. Each of the properties was acquired for $100. The eight properties total 24.74 acres and have a FCV (Fair Cash Value) of $32,147 according to the county tax tax assessor. According to the assessment ratio this means the properties are worth well over $50,000. The total amount of delinquent taxes due is $5581. I mailed out less than 400 letters to acquire these properties. I will probably recieve a few more from this first mailing. There are over 15,000 other properties on the list that I bought from you. I am going to send out another 500 letters very soon. In the meantime, I think I can sell these with small down payments with the buyer agreeing to pay the past due taxes. Quite a return for an investment of only $800 plus the $49.00 which I paid you for the list.

Thanks a million.

Al


Subj: Re: New Texas Proposed Law Date: 97-04-19 21:31:16 EDT From: ArisAcadmy To: STUBBLEFI

Dear Roy; Firstly thank you very much for your Texas Manual. It is the most complete information someone has ever edited. We will for sure recommend you to everyone interested in TLCs and foreclosures. We will focus on other states besides Texas, too, and will come back with you. Then, please keep us informed about any up-grades and up-dates. Have a nice weekend

Robert & Lilia Schedel

Robert, in Phoenix, Arizona, just acquired 3 properties which consisted of 2 vacant lots and a small home. He paid $50.00 for each from the delinquent property owner who had no intention of redeeming, using one of the techniques in our manual.

Paul in California, acquired a home worth about $60,000 for less than $5,000 prior to the tax sale, using one of the techniques in our manuals.

Jesse, in Texas, just acquired a home on a golf course worth about $110,000 for a little over $7,000 total. He did not have to go to the Auction and compete. He used one of the techniques which we have developed over the years and is revealed in our manuals.

Another couple in Northern California have acquired several properties for $100 from the delinquent property owner prior to the tax sale.

John, in Oklahoma acquired a nice two bedroom home for less then $2500 even after paying all the taxes and fixing it up for resale. The property is worth well over $30,000. He used one of the techniques in our manuals.

Rudy, from California, recently acquired a very valuable lot in Little Rock, Arkansas, for a little over $200, using one of our techniques. He is having a Realtor sell the property for him.


Roy

As a past purchaser of your manual and trust agreement for Florida it has been helpful. What other states do not allow for redemption of property after sale. Also an interesting thing happened to one of my purchases.The county did not properly notice a big finance company forclosing on the 4/2 lakefront property that I purchased for $4030. and had sold to the renter for $30,000 with terms.My attorney advised settlement with the finance company and I still made $6000.00 on the deal.The county has had a nice lawsuit filed against the assesors office and tax deed dept because it was a decertified homestead that was not reoffered for sale at the new price.I glad to be out of this one with some money.

Thank You

Joe Tripp


Hello:

I read with considerable interest you posting about tax sales.

I became sufficiently interested in the Chicago tax sales several years ago to be ready to put a large limited partnership together to invest in them for the reasons you outlined. At that time the returns were very high. But several years ago very deep pocket investors got involved and the returns dropped to, as I understand it, money market rates or slightly higher.

If you know of locations where the returns are still very high I would be very interested. In the meantime we began a loan program to rehabbers of single family homes and two to four flats that is proving to be very successful and produces returns, I believe, that are similar to returns in the past at Chicago tax sales.

Perhaps there is something we can do together.

Our first mortgage 68% maximum loan to value loans to rehabbers of single family homes and two to four flats produce 25% to 30% total annualized returns from: (1) 18% per annum interest (actually 20.1% on the actual "net" amount invested), and (2) Lenders' bonuses that are a minimum of $750 or 1.5% of the loan plus .5% per month for each month after three months that a loan remains outstanding.

Having closed 37 loans with over $1,000,000 outstanding we now have increased demand from experienced rehabbers.

The loans are designed for entrepreneurs who rehab and sell or refinance their properties quickly to minimize the impact of our higher than interest rate and loan costs. Few banks lend for rehabbing so for most rehabbers the only alternative to private investor loans like ours are personal finance companies at similar costs with lengthly paper processing delays. Rehabbers often need cash quickly, for example to negotiate low property purchase prices.

At 68% maximum loan ratios to properties' appraised values in completed rehabbed condition there is little risk to inves tors' capital. The actual worst case is that we ourselves or another rehabber would take over a project in difficulty and repay the loan, which has not be necessary to date. Invest ors have reasonable liquidity since loans are typically repaid in three to six months. These loans are not complicated. We have absolutely no access to your capital. Funds are received and disbursed by a local title company where your funds are guaranteed by a nationwide title company.

Sincerely yours,

Dave Bean 


Roy,

I've finally had some time to write you a nice thank you note and share my experiences to illustrate how your techniques and strategies have played a major part in successful transactions. Your expert advice, feedback, and insight over the past several months via e-mail, your website, and investorsnet contributions has been immensely helpful. I really can't stress that enough here, but you'll at least see lots of evidence in the stories recounted below.

I started off early in the year getting my feet wet in California by attending sales, bidding (unsuccesfully) on some improved parcels, but picking up some residential lots which were good buys. All the while, I was writing you with questions about my experiences, mostly on title insurance, CA codes, and minimum bids.

Things changed quickly in the space of 24 hours with 2 county tax sales at the end of May which I had spent the prior 2 weeks preparing for. I picked up 3 nice houses in that 24 hour period all at or less than 1/3 fair market value.

One of the houses was *before* the sale. Using switchboard.com I was able to reach the owner of a house in Eureka, CA - he lived in Florida. I reached him the morning prior to the day of the sale - no one else had called him. He'd inherited the property a few years ago and hadn't seen it in 20 years when he was a teenager and was just going to let it go to sale since he was in the armed forces and was out on duty most of the time and the last thing he wanted was to manage a property 3,000 miles away. Plus, he figured the property was only worth its assessed value of around $20k. Well, since the property was originally owned by his great grandmother who bought it in the 50's and he had no idea how Proposition 13 affected assessed values in CA he didn't know it's really worth 65k (I had a comp on the same floorplan next door and many others in the neighborhood). So I offered him $1000 to grant deed the property to me by 5pm that day since that was the redemption deadline. I coordinated between 2 First American Title Offices - one in CA and one in FL. Around 3pm that day the deed was signed and notarized. And it was time to pay off the back taxes - fast. I'd made arrangements with the tax collector to deposit certified funds into the county Bank of America account since I was still in the San Francisco area (where I live) at the time and couldn't physically walk a cashier's check into the tax office by 5pm. To my pleasant surprise, the county had set the minimum bid above the actual taxes due. The minimum bid was I believe $10,182. Since it wasn't an even rounded figure like I've seen other counties do in marking up property, I assumed that this was the actual back taxes due, however when I asked the treasurer for the precise redemption amount, she said $4,663 - they hadn't been paid since '89. By the way, the title company had done a fast prelim on the property and it was totally free & clear (had been for 30 years). Here's a picture of the house:

http://www.best.com/~tomg/humboldt/harris.jpg

I expect the house would have been bid at least to 30k-40k had it gone to sale. You should have seen the long faces on the bidders faces at the registration table when they got the "final tax sale list" (after redemptions) the morning of the auction with last-minute black marker line through this parcel. Needless to say, this 1 transaction alone has made me a huge believer in your before the sale purchase strategy.

I went on to buy 2 houses the next day out of the tax sales at 1/3 market value. Here's a picture of the other house in Humboldt County:

http://www.best.com/~tomg/humboldt/placer.jpg

By the way, I found out about the Humboldt sale from your posting it on investorsnet. The third house was out of Solano County and it's the nicest of the 3 - I brought in a partner to bid that one since the 2 sales were held concurrently. I thought that day would be a good day since Alameda County (Oakland) was having its sale that day too which would spread out the competition over 3 concurrent sales.

Everything is going nicely with regard to Title Insurance on all 3 properties. I've gotten almost all of the DOT reconveyances and quitclaims for the Title Company's County Manager to approve things. Anyway, that's probably too much detail on these 3 properties for one e-mail. The bottom line is THANKS FOR THE EDUCATION AND INSPIRATION.

By the way, 2 days after these sales, I got on a plane to San Antonio to see all the property in Bexar County that I'd been researching for the June sale. I did not get anything at the sale (outbidded) nor did I have time to work a deal prior, but the main objective was to get my feet wet in Texas which I successfully did in learning their process with the law firm tax suits, sheriff's sale, various taxing authorities, etc. It's the same game but it's played a little differently in TX from CA is what I found. I tried calling you that day (Jun 3) since you had sent an e-mail offering an open invite to Manvel but your phone just kept ringing. It wasn't until I got back to CA that I saw your e-mail saying you were having phone problems and mentioning the trustee's sale. I wish I'd seen the e-mail sooner since I was already in Texas and would have liked to partner on the trustee's sale property you were targeting (BTW, I read the results and based on your valuations I had the cash to bid that property higher had we partnered; don't know if that would have made a difference). In fact, that's an open invitation to you - I'd like to partner on any transaction you deem worthy. I'll put up most (or all) the funds and I can be on a plane with not a lot of notice.

I'd be more than happy to write a nice testimonial for your website (please don't use this one - I'd like to rewrite it a bit for public consumption). Also, if need work done on your web site for graphics, content, whatever I can probably get that done for you for no (or very little) charge. Don't hesitate to ask if there's anything I can do for you whether it's helping fund a property, research, web site work, whatever - I'm indebted.

Thanks and Cheers, Tom Gallagher


To: Roy

We would be very interested in knowing how to obtain manuals and/or other materials written by you. Having scanned the Q and A on the Investors' Network we think you deserve resounding applause for your willingness to share so much time and information.

We are just two more people who have been burned by NASI. Oh, not through their seminars. We believe that there is the potential for a good income from tax liens and tax deeds with hard work and good advice. The first "free" seminar really gives a lot a information if one has any experience with real estate.

Our mistake was in purchasing a piece of property from them at Lake of the Ozarks.

Supposedly the roads were in and the property was worth from $10,000.00 to 15,000.00 a lot and it would take them 3 months to get the title changed. We shelled out $5,500.00 thinking that we could make a small profit by selling for around $7,500.00. It is now nearly 8 months and at least 100 phone calls later. Still no deed. But then, who cares, when I contacted a local real estate agent in Missouri for a market analysis he informed us that not only is there no road into this place (he drove out to look at it), but it's value is around $1,500.00 and there are in the neighborhood of 800 on the market. Just goes to show that even savvy investors (in 25 years of buying and selling real estate, this is a first for us) sometimes get taken.

We're most interested in Texas, because it sounds lucrative, and in Arizona, because we love that state.

Our own state is pretty much a bust so we need to go further afield.

Thanks, and we look forward to hearing from you.

John and Victoria MacLeod Seattle, WA 


March 8, 1998

Mr. Stubblefield,

Thank you for sending me the manual "Fun and Profits in Tax Forfeited Lands" and other related info. About myself, I am a 24 year old male, married, and father of one, I am college educated and of Mexican decent.

I am in a successful and rewarding career, however, after speaking with an aquintance at a builders show, I became extremely interested in this endeavor. I proceeded to research tax certificates via the internet and became even more interested after reading your website. I fully understand that this is not a quick fix and will require immense amounts of research. However, if this venture proves successful, I will have acomplished that which I first intended - provide additional worth for my family.

It is 11:30 pm and I am downloading all of this info right now, I am looking forward to working in this field, if there are any additional pieces of advice, please, I am more than willing to listen! Thank you.

Sincerely,

Jaime Manzo, Jr.


AN INCREDIBLE SUCCESS STORY

I recently received the following email. This is a real success story from a very nice couple from Monterey County, Calif.

About six months ago this couple purchased a Fun and Profits in Tax Forfeited Lands manual from Tax Research Foundation for only $25.00. My comments are in green.

Update - Since this was first published this couple has acquired many more properties. She and her husband have increased their net worth by over $700,000.  They have both left high paying positions with fortune 500 companies and are not full time in this business.


To: Roys@wt.net Subject: Re: Details of Purchases

Hi Roy,

Here's some specifics, if I'm too detailed just let me know for the future but here it is:

Our first purchase we probably shouldn't have made but we were "hungry" for that first piece. It is a triangle piece of property across the street from Squaw Valley and about our only chance of selling it is for the property owner next door to add it to their property. It was inadvertently left out of the purchase deal when they purchased the house. We purchased it for $100 from a quit claim and we paid the taxes of $700.00 which in hindsight we shouldn't have.

MY COMMENT: This couple can obtained the fair market value of this property from the county tax assessor. They can then donate it to any 501(c)(3) organization or the church of their choice and take a tax deduction for the full fair market value at the time of donation, f they cannot dispose of it. This will probably save them more in taxes than they paid for the property.

Our next properties are in Shasta county. We purchased one that is 1.51 acres and one that is 1.24 acres in a subdivision in Round Mountain. We paid the minimum bid at the tax auction of $1,000 and the first piece surrounding neighbors is $9,000 and the second surrounding neighbors is $7,000. We also purchased a piece that we are not selling right now located right next to the Redding airport for $2,000 and the land on either side of ours is valued at $10,000 and $20,000. We just received a notice that they re-valued our land at $10,000, it had been around $5,000. We also received a notice telling us that there was a mobile home on this parcel that was ours but that the previous owner had trashed it, but it just goes to show you never know what exactly you will be getting.

MY COMMENT: The total amount of money invested in these two properties is $3,000. The approximate fair market value is a minimum of $23,000. This represents a potential profit of almost 800%.

We then went to the El Dorado county auction and purchased a piece of land nestled in the mountains of Pollock Pines for $7,000 and we purchased the easement from the previous owner for $1,000. This property is .7 acres next to a stream and we are estimating it to be worth $30,000 - $40,000.

MY COMMENT: This appears to represent a total investment of $8,000 for a fine piece of real estate work approximately $35,000, a profit potential of over 400%.

We then went to San Luis Obispo county and purchased land in an area that is being hailed as the next Palm Springs, it is prime property for developing. There are street signs up but streets haven't been added as yet, there is a lake in the area and the area is being planned for a retirement community, so we feel the land values do not reflect what the future land values will be. We purchased 11 parcels each 2 l/2 acre lots, we got 4 parcels adjoining and a couple of the others had 2 adjoining. These parcels have a land value of $2,400-8,000 each.

MY COMMENT: Assuming they paid $500 for each of these parcels, they have invested $5,500 for property worth approximately $55,000.00. Not bad for amateurs in this business - huh!

The house we purchased for $3,300 (minimum bid) is a 2 BD, 2 BA that cost the owner $49,000 to build and the land value is valued at $10,000. We estimate it will probably cost us about 3,000-$5,000 to get it in prime condition. The previous owner left us building materials to finish as well as cast iron bathtubs, terra cotta roof tiles (100+); cement mixer; wire; fencing, the entire 2 l/2 acre is fenced with chain link fence. I would estimate that this would be worth about $70,000+. At the auction it did not state that it had a house on it, it just showed some type of improvement, so we did further research with the planning department and found out it was a house that had all the permits done on except for the final permit.

MY COMMENT: A total of approximately $6800 will be invested in this $70,000 plus property, over 1000% gain. Fantastic! You two are to be congratulated on your hard work and expertise. You learn fast. It looks like you are having a lot of fun while making a lot of money. Up to this point in time you have invested approximately $21,200 and you have approximately $184,00 fair market value property. And, in less than six months. Just keep reading. There is more to the story.

We have two more projects pending. We received a response from our $100 offer after the auction ended and there was no bid on the property, again in the same town as our other parcels, so we are working on purchasing this.

COMMENT: Maybe another big gain for only $100 investment. What they did here as to use one of the form letters and a technique that I suggest in each of my state manuals to contact the property owner prior to the sale and buy the property for a token payment. This is a highly profitable technique that works.

We also received another late response to our initial $100 letter in a community right on the coast. This gentlemen has raw land with his partners whom they don't want at all anymore and said that we could have it for no charge. We went to the planning department and did some research and found it was not in a "flood zone" and that a preliminary report would have to be done before building of about $1,000 but not any large sums like the property owner was led to believe. I then called a local realtor and I gave her the parcel number, etc. and she ran some comps and said it was valued at approximately $50,000, so we typed up the paperwork and are awaiting the response.

COMMENT: Incredible! Just using one of my form letters (in each state manual) they are acquiring a $50,000 property for NOTHING. That deserves repeating - NOTHING. Now, they still only have a little over $21,000 invested and the FMV of their property is over $225,000. Is this business a lot of fun and profitable - or not? But, keep reading. We are not through yet.

Last but not least, on the Shasta County auction there was a parcel that went for $7,000 over the min. bid, so we received our letter back from our initial $200 offer after the auction and a few months later received the quit claim deed and power of attorney back from him. After submitting this to Shasta County they decided that the notary signature was not 100% clear so they refused to record, so we had to get this gentlemen to re-sign the papers which he did and know we are awaiting getting these papers recorded and then getting from the county the correct excess distribution forms and submitting these.

COMMENT: This is another top secret money making technique that is disclosed in my manuals. They have acquired this property for only $200.00 using one of my TIME tested and proven form letters that work. They have a guaranteed profit of $6800.00 on this property and will be paid almost immediately after the paper work is complete. Now, they still have over $225,000 FMV in real estate with only about $15,000 invested. Isn't that incredible?

Again, we couldn't have gotten here without all your help and I truly appreciate it.

Gina & Mike Hinds Monterey County, California.

Hi Roy, Just thought I'd drop a quick note and tell you what's been going on. We just got back from the Shasta auction and it was great!!We bought 3 properties - with one person making us an offer before we even left the auction. We'll have to see how serious he was. This county was allot of hard work because of the far distance from our house - it was about a 5 hour drive in each direction.

So now we are in the process of sending out letters and I'll use the agreement you sent me in regards to excess distribution and we'll see if we have any luck with these responses.

Now for the details:

One property is .40 acres by the Redding airport - minimum bid was $739.00 and we bought it for $2,100. The properties in the vicinity for this same size are in the neighborhood of $9,000 to $20,000.

The next two properties are both in Oak Run. One parcel is 1.52 acres that we bought for min. bid of $1,200 and the other parcel is 1.34 acres that we bought for min. bid of $1,100. These both have suggested values of surrounding properties of about $9,000+. So now all we need to do is sell these and we'll have more capitol for next years auctions.

The auction was really allot of fun. There was about 75-100 people attending and there was a few bankers/investors but about 30% of the properties went for minimum bid. There was 6 that I really had my eye on and we were able to come away with 3, so that was really exciting.

We are also working on Napa County; El Dorado County and Calaveras County. I just received a response back from Calaveras, but have not had time to find out what we just purchased. Shasta County has been taking up all my free time so now I can get caught up and concentrate on the others.

This is allot of fun and I THANK YOU VERY MUCH for all your great help. I feel like everyday I am learning something new.

Regards,

Gina


Subject: thank you!

hi there roy! just wanted to tell you how much I appreciate you taking the time to listen and help me out with priceless advise everytime I call you. please put this testimonial in your web page and hopes it will make a least one more person buy your manual!

hi my name is Rudy Ampie with Coldwell banker in california and I just want to say that ever since I bought my first manual form Roy my outlook in life has completely changed! Being a real estate agent for 3 years and an investor for one year I have to say that what I have learned from Roy is the best kept secret in real estate investing that I know of. Even my broker that has been in the business for over 25 years has never heard of the opportunities there are buying tax deeds and tax certificates. I do have to say that this is less of a headache and less competition than buying "fixer uppers". I can honestly say that at the rate that I am going within 6 months I will no longer need my real estate license to make a living. Once again thank you Roy for all the support and for being the mentor I have been looking for!

Rudy

STORIES - STORIES - STORIES AND
                                 MORE STORIES
 

PLEASE SHARE YOUR EXPERIENCES - GOOD OR BAD - WITH US. JUST E-MAIL YOUR STORY TO
roys@wt.net, AND I WILL INSERT IT BELOW FOR THE BENEFIT OF OTHERS.

24 September 1999

Hi Roy!

Well, it's been an incredible 6 months since I first met you in your sites Chat Room! After ordering your CA, AZ,
NV and USVI manuals, I realized that there definitely plenty of fun and profits in tax forfeited lands for everyone,
even me. Living in Japan, however, I also realized that I either had to wait until I returned to the U.S. to start
working your fantastic strategies or modify them in some way for people living overseas like myself. It was exactly at
that time that you discussed another possible methods for safely buying land "free and clear" from the State for
pennies on the dollar. Well, Roy, you'd be proud of me! You gave me the ball and I ran like crazy. After obtaining
the proper maps, making contacts with local and State officials and reading through lists of 12,000 to 15,000
properties, I've done it! My first three "free and clear" Deeds arrived in the mail last week. I was able to purchase
three residentially zoned lots in a beautiful wooded resort community nestled in the Ozark Mountains. Each lot has
a FMV (Fair Market Value) of $1500. I bought all three lots for a total of $260!!! It was indeed well worth the wait
and the initial money that I invested in your manuals. I am currently using the same method to purchase two
lakefront lots that have a FMV of $30,000 - $35,000 each. If successful, I'll be able to pick up both of these lots
"free and clear" for $3,000! That's $60,000 worth of extremely marketable property for just $3,000! I truly never
thought that I'd be buying land for $0.05 on the dollar, especially from a foreign country. Roy, your willingness to
share your strategies and patiently answer my many "rookie" questions in the Chat Room prove once again that
you are not only a man of your word, but also a man of immense honesty and goodwill. Thank you for everything
and I sincerely look forward to treating you and your wife to a fabulous steak dinner once I return to the U.S.!

Warmest Regards,

Todd Barrett Yamanashi, JAPAN kyosai@comlink.ne.jp

24 Sep 99

COMMENT: The following customer purchased a Georgia Manual in June of this year. Look what he did at his
first Auction.

Well Roy,

Things seem to working out pretty good for us. My sister and I decided to join forces and attended an auction here
in Georgia. There were a lot of bidders, but we waited for the right moment and the right property. Apparently, no
one bothered to go look at the properties because this deep water-lot came up for sale. There was one other bidder
giving us trouble, but he was bidding in $25 at a time and we were bidding $100 at a time. Well, when the bidding
reached $1000, he quit bidding and we received a tax deed for the lot. I have checked around and found out that
these deep-water lots are selling for $39,000 to $45,000. I just couldn't believe our good fortune. I'm looking
forward to our next adventure.

Best Regards,

David R. Swindell
 

23 September, 1999

Roy,

Two last things to pass on to you- first, I tried to download the Florida, PA, and MI deal you emailed (prior to the
last OH download)and they would not download properly. So, when you get a chance, please email those again in
MS WORD format just like the last OH manual you did. Second, I want to thank you again for the effort you've put
in on helping me on this first deal. I have been in business for myself for about 3 years now, and realize the efforts
one must put forward to provide superior customer service to the public. You have provided me with FAR better
service than ANYONE OR ANY COMPANY has via the internet. I thank you very much for your efforts, and
professionalism. In addition, Gina has been very quick to respond to me. Once the first property goes through, I will
be sending money to Gina/You to start the coaching program immediately. Anyone interested in real estate should
purchase your manuals. I have a few rental properties now, and could have 50 if I started this program 2-3 years
ago. Thanks again! Feel free to edit this email in anyway you want to use on your website, or any other advertising
you do! Thanks again.

Shawn

20 September 1999 (This customer has some really valuable ideas).

Hello Roy:

I recently purchased your jumbo tax/trust pack and find it to be a wealth of information. I have not begun to absorb
it all, but am focusing initially on the states of Alaska (where I live - Matanuska-Susitna Borough has a tax sale
October 23rd - www.co.mat-su.ak.us ), Oklahoma, Texas, and Arkansas for starters. They seem to have fairly easily
available tax deeds. Is any one of these stateside states better in your mind than the others as a starting point? Or
maybe even another state? Matanuska-Susitna Borough will hold a sealed bid sale, which means you have no way
to know what your competition is bidding. In my mind this is a high risk strategy game that is best avoided. One
may overbid or underbid easily without the usual feedback outcry auctions provide the bidder. Either way one can
be a loser. My plan to avoid it is this: Alaska law AS29.45.440 (a) terminates redemption rights when the court
deeds the property to the municipality long before the tax sale. However, the record owner or assigns of the record
owner can repurchase the property within 10 years and before the sale or contract of sale of the foreclosed property.
The tax sale, then, terminates any repurchase rights of the record owner. I plan to capitalize on this point by
mailing modified copies of your letter to all past record owners to ask if they would be interested in selling a
quit-claim deed (for $50.00) before the sale, if they had no plans to repurchase the property. Along with this letter I
would offer to mail those who agree to sell a deed an additional $10.00 upon receipt of a completed questionnaire
in which they would provide details concerning the nature of their property and any access, utilities, improvements,
etc. or lack thereof. This would be payable only to those who actually sold me a deed. For the most promising of
those properties that agree sell, I would then do my courthouse research on these properties before offering to
purchase a deed from them. Finally, I would record the deeds and repurchase the best properties as an "assign"
before the sale per AS 29.45.470. (a) [only if the property makes economic sense]. I live your newsletters. I have
received the last two, having just found you and signed up this month. Is it possible to receive back issues of these?
They are a virtual goldmine of information. I want to know all that I have missed in the past, even if they describe
long gone sales. Those they illustrate the future possibilities of the next sale in that county. I would be glad to
purchase all back issues if they can be made available to me. I hope to sit in on your chat session (my first)this
Sunday (if I can get an internet hookup while at work). Maybe you'd like to comment on the above Mat-Su Borough
plan then. I appreciate your generous attitude and unselfish willingness to help all of us on our way to success.

Best regards,

Dan Nicholson

22 Aug 99

Hello Roy,

I am a subscriber to your website and, I have been purchasing tax forfeited land for about 4 years now and have had
some good success with how I have done it in the past. I wanted to tell you that with some of the information I have
gotten with your e-mails from others that I have had even better success in the last year, so thank you for all the
information that you provide.

Thank You.

Shawn Peterson

Date: Fri, 20 Aug 1999 22:13:50 EDT Subject: Success Story

Hello Roy,

I've been working diligently on purchasing property in my state of North Carolina. So far, due to your methods as
presented in your manuals, I was able to purchase 3 properties with a total assessed value of $60,000 for $25.00
each by quit claim deed. Indeed, it does take some work and elbow grease but with the knowledge that you give
through your state manual I believe anyone can prosper! Thanks A Million Times Over!!!

Vanessa, North Carolina
 

From: "trev" trev@powernet.net

To: <roys@wt.net

Subject: Thank You

Date: Tue, 20 Jul 1999 01:14:24 -0700 >X-MSMail-Priority: Normal

Hi Roy,

Just wanted to drop you a line and let you know about my success, using you techniques. I ordered your arizona
manual. I did the research and mailed out 45 letters to property owners. One week later i got two responses, The
first accepted my offer of $50 for 10 acres, and the second accepted my offer of $10 for one acre. My second week i
recieved back three letters, and all three property owners accepted my offers of less than $50 for each property.
Thank you very much. I was surprised at how easy it was. Feel free to use this email. I am excited, because this is
only thebeginning.

Thanks

K.Dinkins
 

HE INVESTED $5100 - ACQUIRED PROPERTIES VALUED AT $81,000.

21 Jul 99

Hi Roy,

I have been on the coaching program for a month only. I attended the auction in Kern County last week. I bought 9
parcels for a total of $5100. The assessed values are $81,000. I can probably turn them quickly for $20,000 or so. I
cannot wait to get the deeds so that I can begin to sell them!! This is so much fun! The values are unbelievable. It
almost sounded too good to be true. It is good and it IS true! I will keep you posted as to the actual amount I get for
the properties when sold. I will be attending the auction in Riverside, CA in September. I am mailing out my first
batch of letters this week. I am looking forward to the responses from the mailings. I have 200 letters going out
today.

Carl Parker
 

A PARTICIPANT IN OUR COACHING PROGRAM ACQUIRES 6 PROPERTIES FOR $100 EACH - VALUE
OF $27,000.

From: SharDel@aol.com

Date: Thu, 22 Jul 1999 08:53:58 EDT

Subject: Good News

To: roys@wt.net CC: Hinds1@prodigy.net

Hi Roy and Gina: This is fun and profitable! I have received 6 Quit Claim Deeds back from my mailing to Baxter
County. Total assessed value is $5400, making a total of $27,000. I still have 3 QCD's to go (have not received
them yet) and I have 7 more letters requesting me to send a Quit Claim Deed ( 3 from Baxter County, 3 from Van
Buren County, and 1 from Bella Vista Village in Benton County). I also have received 3 E-mails requesting Quit
Claim Deeds I am back from vacation and will get back to work on my mailings! Thank you so much for sharing this
with us!!!!!!

Sharon Deloy.
 

23 Jul 99 Email.

Hello Roy.

Really been enjoying the extra information through your newsletters on e-mail.You might recall me the guy from
Hawaii who bought the land for $100.Enjoyed seeing my experience.I now recently live in Newyork,looking forward
to sales coming up.I always appricate your insights so thought I would atleast get your manual for Newyork.Ive used
your Hawaii and Washington manuals to my benifit so far.Thanks for the extra guidelines.Looking forward to what
you have to say in Newyork..Thanks...

Sincerly..Bevan White
 

31 Jul 99

From: "Tom Martin" TMM@lrf-kc.com

To: roys@wt.net

Subject: Re: Wyandotte county sale.

Went to the tax sale and purchased five parcels of land. One tract is very nice (probably 1/4 to ½ acres) in a good
area. I paid 200.00 for it. Thanks for the info and materials. I keep you posted about our efforts to sell.

Tom
 

From: batabor.@gulftel.com

To: <roys@wt.net

Subject: recent shipment

Date: Thu, 29 Jul 1999 15:23:13 -0500

Hi Roy:

My books arrived in 2 days.They are the best work of anyone in the USA.

Its so hot here in Alabama today the tax certificates are smoking! thanks again for the super deal... best wishes,

Bruce Tabor
 

16 June 99

From: Ralph Martone <swm@sunco.com>

Subject: Florida Manual Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii"

Greetings Roy!

Signed up for your Florida manual and received it the following day by E-Mail - thanks for the excellent service!

I was apprehensive about purchasing this manual because of the some 98 million solicitations I receive on how to
make money. However; upon receiving it, I found it was the most comprhensive manual on Tax Forfeited Lands and
truly amazed at how you could assemble and distribute this manual for such a low price! I DO SMELL SUCCESS!

You may use my E-Mail address for anyone who wishes to confirm my satisfaction with you manual.

Thanks again!
 

12 May 99

From: "Pasteur, Reginald" <Reginald.Pasteur@usda.gov> To: "'roys@wt.net'" <roys@wt.net> Subject: Maryland
Success Story Date: Wed, 12 May 1999 13:00:44 -0400 MIME-Version: 1.0 X-Mailer: Internet Mail Service
(5.5.2232.9) Content-Type: text/plain; charset="iso-8859-1"

Roy,

Your manual helped me get a certificate on a 4 BR brick home w/garage assesed at $125,000 for $2,000!!! I
received your manual around the end of April. I studied and applied your tecniques the day of the auction which was
May 10th and won the bid!!! I did the research you stated in the manual and the chances are very low that they will
redeem the certificate. Even if they redeem, I've made a profit due to the interest in the county. I was a little
nervous and only got one......next time 2, 3, 5, and so on!!!

Thank you very, very much. The week of the auction will be my small vacation time from work every year!!! If I get
this house, I can turn around and sell it for 3X my income!

RP
 

10 May 99

Gina from Montery County, California, at hinds1@prodigy.net, has just informed me that she is getting a deed to a
property in Smith County, Texsas. There are two parcels involved totaling 21.17 acres. She paid $100 for a deed.
There are a little over $3000 in taxes due but the property has an assessed value of $15,000 and the fair market
value is probably around $25,000.
 
 

5 May 1999

"Dear Roy, Sorry my email is so late, I had to leave for Arizona unexpectedly.

However, when I spoke with you on the phone several days ago, I was telling you about two properties that I was
purchasing after using the techniques described in your manual.

I purchased your manual in early February, followed the instructions, and sent out approximately eighteen letters. I
received back several "Undeliverables" or "Return to Senders", and those went in my file for later purchase. I
send all my letters with an SASE attached so that it will be easy for the owner, if he or she so chooses, to return my
letter about purchasing their property.

I received one such letter back. A man in Florida who received title to two properties after his son passed away in
1986, took up my offer to quit claim the properties to me. One property is in Colorado, approximately one half acre,
on a paved road, with all utilities to the lot line, heavily pine treed, and in between a golf course and a lake. This
property is worth about $13,000.00 dollars. The other is acreage just north of Houston. I haven't researched this
property as of yet to determine its value, however, the owner agreed to sell them to me for only a hundred dollars
each. ($200.00 total)

I also purchased a tax sale certificate on a property for $687.50, and applied for a Treasurer's deed, an additional
$300.00. The owners of record no longer live at the listed address, and the taxes have been unpaid since the early
90's. This property is 2.87 Acres, wooded, on a paved road, and> with most utilities in place. It's value is
approximately $11,000.00 dollars.

For my fourth property, I purchased the tax sale certificate and applied for a treasurer's deed as well. This property
is 3.26 Acres, in a prestigious subdivision with views overlooking the local mountain range. A similar property in the
gated subdivision, with less acreage > just sold for $48,000.00.

My fifth property I am in the process of aquiring, will cost me $1200.00 dollars, and is worth approximately
$15,000.00.

I have just sent away for another list of owner's addresses, and I hope that my next mailing will yield one or two
additional properties for $100.00 each, using the method described in your book. I do have one question that I hope
you could answer: The $48,000.00 dollar property I purchased tax sale certificate and treasurer's deed for, sold last
year to an out of state business owner.Whether or not he knew of the delinquent taxes owed on the property is
unknown. I have approximately four months left before a treasurer's deed is issued. If for some reason he declares
bankruptcy, what becomes of the investment I made to purchase the tax sale certificate and treasurer's deed? This
is something that recently crossed my mind, and I would appreciate your input on this. Also, I would like to get
together with you sometime in the future and have you show me how to purchase houses at auctions. (All your
expenses paid, of course.) Thank you for your wisdom,

Chad Carpenter Simi Valley, California"
 

21 Jan 99

Roy

Sincerely

Jesse

I WILL HONOR JESSE'S REQUEST - I KNOW HIM WELL AND HE HAS WORKED VERY HARD FOR THE
SUCCESS HE HAS ACHIEVED.

I started part-time in late 1997. I bought my first property which was a 1.9 acre tract valued at $12,000 - $16,000 for
$3,100. I have a contract pending for $10,000 cash.

Again, in late 1997, I bought a 3-bedroom home on a golf course valued at $102,000 for $6,703.40.

In July 1997 bought a 16 acres tract for $9100.00 dollars or $569.00 an acre. There was a sign on a property across
the street for $4500.00 an acres. The tax rolls have this 16 acres assessed for a value of $31,000.00. . This property
will easly sell for the aassessed value of $31,000.00 I am going to start my asking price at $3000.00 an acre or
$48000.00 What a great return on my investment.

In August 1998 I bough a small house valued at about $30,000 for 2,879.00.

By November 1998 I was getting more comfortable so I bough a 6 acre tract with two houses for $15,595.00. This
property is valued at $175,000 since the frontage is on a major farm road and may be used as commercial property.

In December 1998 I bought a one-acre tract with a mobile home valued at $17,000 for $2,800.00.

Also about a year ago I made an offer on a 5-acre tract owned by a school district valued at about $120,000. We
have come to terms on this tract for $15,000.00. This tract is over valued But I feel it is still worth about $60,000 to
70,000.00 wholesale.

Roy you have permission to use and edit this information. Please do not use the county name and my last name.

Jesse
 

                              LAS VEGAS EXPERIENCE:

From: beachgt@aol.com Date: Thu, 17 Apr 1997 01:50:34 -0400

I went to a TD sale here in Las Vegas during lunch break today. It was a surprise after I found myself to be the
ONLY bidder. About a dozen properties were listed for sale. Among those was a 4-bedroom, single-story house
located in North Las Vegas with NO minimum bid. I stopped by that house last weekend and decided to bid on it for
under $20,000. The house itself may need some work if I want to sell it, but it has a huge lot and the neighours are
reasonably decent.

I was quickly told that the sale of this house is postponed til June since the owner filed bankrupcy. The public
auction however, soon became a private conversation between me and the lonely sales guy. And here's some
highlights according to this man:

1. Only cash and casher's check is accepted. 2. Most successful bids fall in the $60,000-80,000 range. They are
usually located in the best residential areas. 3. He has a few clients buying and selling one house at a time and
roughly make $5,000 a month. 4. Institutional investors are generally interested in properties with big profit margin,
say, over $20,000. 5. Last month, he sold a house in Henderson (15 minutes from LV, quality residential area) for
$7,000. Fair market value was over 100k.

I heard that TLC interests rates are often bidden down to 4-5%, or 7-8% in counties like Maricopa, AZ. I always
had a hard time trying to figure out the true advantage of an investment making a simple interest rate under 10%
and may tide up for 3-5 years. Comparing to TLC, a TD purchase and sell may require a certain amount of starting
captial but has much more potential. Has anyone done both TD and TLC. I'd appreciate for your advice. By the way,
if you are interested in the Las Vegas area, feel free to drop me a line: BeachGT@aol.com.

FOLLOWING ARE SOME RECENT SUCCESS STORIES: I hope I can add you to this list soon.

Robert, in Phoenix, Arizona, just acquired 3 properties which consisted of 2 vacant lots and a small home. He paid
$50.00 for each from the delinquent property owner who had no intention of redeeming, using one of the techniques
in our manual.

Paul in California, acquired a home worth about $60,000 for less than $5,000 prior to the tax sale, using one of the
techniques in our manuals.

Jesse, in Texas, just acquired a home on a golf course worth about $110,000 for a little over $7,000 total. He did not
have to go to the Auction and compete. He used one of the techniques which we have developed over the years and
is revealed in our manuals.

Another couple in Northern California have acquired several properties for $100 from the delinquent property
owner prior to the tax sale.

John, in Oklahoma acquired a nice two bedroom home for less then $2500 even after paying all the taxes and fixing
it up for resale. He used one of the techniques in our manuals.

Rudy, from California, recently acquired a very valuable lot in Little Rock, Arkansas, for a little over $200, using
one of our techniques. He is having a Realtor sell the property for him.
 

Here is a recent email from a satisfied customer:

“Subject: Hi :-

"I finally found the secrets I've been looking for. Your manual Tells all and has given me the tools I need to
succeed. You're the best. I'm making your manual into my Bible! Thanks a million! I am going to order your Super
Special.”

Best Regards, (Satisfied customer) Florida”
 

Hello Roy:

Just would like you to know that I have just acquired 8 properties in Maricopa County, Arizona, using the method of
contacting the deliquent property owner as explained in your manuals and offering him a token payment. Each of the
properties was acquired for $100. The eight properties total 24.74 acres and have a FCV (Fair Cash Value) of
$32,147 according to the county tax tax assessor. According to the assessment ratio this means the properties are
worth well over $50,000. The total amount of delinquent taxes due is $5581. I mailed out less than 400 letters to
acquire these properties. I will probably recieve a few more from this first mailing. There are over 15,000 other
properties on the list that I bought from you. I am going to send out another 500 letters very soon. In the meantime,
I think I can sell these with small down payments with the buyer agreeing to pay the past due taxes. Quite a return
for an investment of only $800 plus the $49.00 which I paid you for the list.

Thanks a million.

Al
 

Subj: Re: New Texas Proposed Law Date: 97-04-19 21:31:16 EDT From: ArisAcadmy To: STUBBLEFI

Dear Roy; Firstly thank you very much for your Texas Manual. It is the most complete information someone has
ever edited. We will for sure recommend you to everyone interested in TLCs and foreclosures. We will focus on
other states besides Texas, too, and will come back with you. Then, please keep us informed about any up-grades
and up-dates. Have a nice weekend

Robert & Lilia Schedel

Robert, in Phoenix, Arizona, just acquired 3 properties which consisted of 2 vacant lots and a small home. He paid
$50.00 for each from the delinquent property owner who had no intention of redeeming, using one of the techniques
in our manual.

Paul in California, acquired a home worth about $60,000 for less than $5,000 prior to the tax sale, using one of the
techniques in our manuals.

Jesse, in Texas, just acquired a home on a golf course worth about $110,000 for a little over $7,000 total. He did not
have to go to the Auction and compete. He used one of the techniques which we have developed over the years and
is revealed in our manuals.

Another couple in Northern California have acquired several properties for $100 from the delinquent property
owner prior to the tax sale.

John, in Oklahoma acquired a nice two bedroom home for less then $2500 even after paying all the taxes and fixing
it up for resale. The property is worth well over $30,000. He used one of the techniques in our manuals.

Rudy, from California, recently acquired a very valuable lot in Little Rock, Arkansas, for a little over $200, using
one of our techniques. He is having a Realtor sell the property for him.
 

Roy

As a past purchaser of your manual and trust agreement for Florida it has been helpful. What other states do not
allow for redemption of property after sale. Also an interesting thing happened to one of my purchases.The county
did not properly notice a big finance company forclosing on the 4/2 lakefront property that I purchased for $4030.
and had sold to the renter for $30,000 with terms.My attorney advised settlement with the finance company and I
still made $6000.00 on the deal.The county has had a nice lawsuit filed against the assesors office and tax deed dept
because it was a decertified homestead that was not reoffered for sale at the new price.I glad to be out of this one
with some money.

Thank You

Joe Tripp
 

Hello:

I read with considerable interest you posting about tax sales.

I became sufficiently interested in the Chicago tax sales several years ago to be ready to put a large limited
partnership together to invest in them for the reasons you outlined. At that time the returns were very high. But
several years ago very deep pocket investors got involved and the returns dropped to, as I understand it, money
market rates or slightly higher.

If you know of locations where the returns are still very high I would be very interested. In the meantime we began a
loan program to rehabbers of single family homes and two to four flats that is proving to be very successful and
produces returns, I believe, that are similar to returns in the past at Chicago tax sales.

Perhaps there is something we can do together.

Our first mortgage 68% maximum loan to value loans to rehabbers of single family homes and two to four flats
produce 25% to 30% total annualized returns from: (1) 18% per annum interest (actually 20.1% on the actual "net"
amount invested), and (2) Lenders' bonuses that are a minimum of $750 or 1.5% of the loan plus .5% per month for
each month after three months that a loan remains outstanding.

Having closed 37 loans with over $1,000,000 outstanding we now have increased demand from experienced
rehabbers.

The loans are designed for entrepreneurs who rehab and sell or refinance their properties quickly to minimize the
impact of our higher than interest rate and loan costs. Few banks lend for rehabbing so for most rehabbers the only
alternative to private investor loans like ours are personal finance companies at similar costs with lengthly paper
processing delays. Rehabbers often need cash quickly, for example to negotiate low property purchase prices.

At 68% maximum loan ratios to properties' appraised values in completed rehabbed condition there is little risk to
inves tors' capital. The actual worst case is that we ourselves or another rehabber would take over a project in
difficulty and repay the loan, which has not be necessary to date. Invest ors have reasonable liquidity since loans
are typically repaid in three to six months. These loans are not complicated. We have absolutely no access to your
capital. Funds are received and disbursed by a local title company where your funds are guaranteed by a nationwide
title company.

Sincerely yours,

Dave Bean
 

Roy,

I've finally had some time to write you a nice thank you note and share my experiences to illustrate how your
techniques and strategies have played a major part in successful transactions. Your expert advice, feedback, and
insight over the past several months via e-mail, your website, and investorsnet contributions has been immensely
helpful. I really can't stress that enough here, but you'll at least see lots of evidence in the stories recounted below.

I started off early in the year getting my feet wet in California by attending sales, bidding (unsuccesfully) on some
improved parcels, but picking up some residential lots which were good buys. All the while, I was writing you with
questions about my experiences, mostly on title insurance, CA codes, and minimum bids.

Things changed quickly in the space of 24 hours with 2 county tax sales at the end of May which I had spent the
prior 2 weeks preparing for. I picked up 3 nice houses in that 24 hour period all at or less than 1/3 fair market value.

One of the houses was *before* the sale. Using switchboard.com I was able to reach the owner of a house in
Eureka, CA - he lived in Florida. I reached him the morning prior to the day of the sale - no one else had called him.
He'd inherited the property a few years ago and hadn't seen it in 20 years when he was a teenager and was just
going to let it go to sale since he was in the armed forces and was out on duty most of the time and the last thing he
wanted was to manage a property 3,000 miles away. Plus, he figured the property was only worth its assessed value
of around $20k. Well, since the property was originally owned by his great grandmother who bought it in the 50's
and he had no idea how Proposition 13 affected assessed values in CA he didn't know it's really worth 65k (I had a
comp on the same floorplan next door and many others in the neighborhood). So I offered him $1000 to grant deed
the property to me by 5pm that day since that was the redemption deadline. I coordinated between 2 First American
Title Offices - one in CA and one in FL. Around 3pm that day the deed was signed and notarized. And it was time to
pay off the back taxes - fast. I'd made arrangements with the tax collector to deposit certified funds into the county
Bank of America account since I was still in the San Francisco area (where I live) at the time and couldn't physically
walk a cashier's check into the tax office by 5pm. To my pleasant surprise, the county had set the minimum bid
above the actual taxes due. The minimum bid was I believe $10,182. Since it wasn't an even rounded figure like I've
seen other counties do in marking up property, I assumed that this was the actual back taxes due, however when I
asked the treasurer for the precise redemption amount, she said $4,663 - they hadn't been paid since '89. By the
way, the title company had done a fast prelim on the property and it was totally free & clear (had been for 30 years).
Here's a picture of the house:

http://www.best.com/~tomg/humboldt/harris.jpg

I expect the house would have been bid at least to 30k-40k had it gone to sale. You should have seen the long faces
on the bidders faces at the registration table when they got the "final tax sale list" (after redemptions) the morning
of the auction with last-minute black marker line through this parcel. Needless to say, this 1 transaction alone has
made me a huge believer in your before the sale purchase strategy.

I went on to buy 2 houses the next day out of the tax sales at 1/3 market value. Here's a picture of the other house
in Humboldt County:

http://www.best.com/~tomg/humboldt/placer.jpg

By the way, I found out about the Humboldt sale from your posting it on investorsnet. The third house was out of
Solano County and it's the nicest of the 3 - I brought in a partner to bid that one since the 2 sales were held
concurrently. I thought that day would be a good day since Alameda County (Oakland) was having its sale that day
too which would spread out the competition over 3 concurrent sales.

Everything is going nicely with regard to Title Insurance on all 3 properties. I've gotten almost all of the DOT
reconveyances and quitclaims for the Title Company's County Manager to approve things. Anyway, that's probably
too much detail on these 3 properties for one e-mail. The bottom line is THANKS FOR THE EDUCATION AND
INSPIRATION.

By the way, 2 days after these sales, I got on a plane to San Antonio to see all the property in Bexar County that I'd
been researching for the June sale. I did not get anything at the sale (outbidded) nor did I have time to work a deal
prior, but the main objective was to get my feet wet in Texas which I successfully did in learning their process with
the law firm tax suits, sheriff's sale, various taxing authorities, etc. It's the same game but it's played a little
differently in TX from CA is what I found. I tried calling you that day (Jun 3) since you had sent an e-mail offering
an open invite to Manvel but your phone just kept ringing. It wasn't until I got back to CA that I saw your e-mail
saying you were having phone problems and mentioning the trustee's sale. I wish I'd seen the e-mail sooner since I
was already in Texas and would have liked to partner on the trustee's sale property you were targeting (BTW, I
read the results and based on your valuations I had the cash to bid that property higher had we partnered; don't
know if that would have made a difference). In fact, that's an open invitation to you - I'd like to partner on any
transaction you deem worthy. I'll put up most (or all) the funds and I can be on a plane with not a lot of notice.

I'd be more than happy to write a nice testimonial for your website (please don't use this one - I'd like to rewrite it a
bit for public consumption). Also, if need work done on your web site for graphics, content, whatever I can probably
get that done for you for no (or very little) charge. Don't hesitate to ask if there's anything I can do for you whether
it's helping fund a property, research, web site work, whatever - I'm indebted.

Thanks and Cheers, Tom Gallagher
 

To: Roy

We would be very interested in knowing how to obtain manuals and/or other materials written by you. Having
scanned the Q and A on the Investors' Network we think you deserve resounding applause for your willingness to
share so much time and information.

We are just two more people who have been burned by NASI. Oh, not through their seminars. We believe that there
is the potential for a good income from tax liens and tax deeds with hard work and good advice. The first "free"
seminar really gives a lot a information if one has any experience with real estate.

Our mistake was in purchasing a piece of property from them at Lake of the Ozarks.

Supposedly the roads were in and the property was worth from $10,000.00 to 15,000.00 a lot and it would take them
3 months to get the title changed. We shelled out $5,500.00 thinking that we could make a small profit by selling for
around $7,500.00. It is now nearly 8 months and at least 100 phone calls later. Still no deed. But then, who cares,
when I contacted a local real estate agent in Missouri for a market analysis he informed us that not only is there no
road into this place (he drove out to look at it), but it's value is around $1,500.00 and there are in the neighborhood
of 800 on the market. Just goes to show that even savvy investors (in 25 years of buying and selling real estate, this
is a first for us) sometimes get taken.

We're most interested in Texas, because it sounds lucrative, and in Arizona, because we love that state.

Our own state is pretty much a bust so we need to go further afield.

Thanks, and we look forward to hearing from you.

John and Victoria MacLeod Seattle, WA
 

March 8, 1998

Mr. Stubblefield,

Thank you for sending me the manual "Fun and Profits in Tax Forfeited Lands" and other related info. About
myself, I am a 24 year old male, married, and father of one, I am college educated and of Mexican decent.

I am in a successful and rewarding career, however, after speaking with an aquintance at a builders show, I became
extremely interested in this endeavor. I proceeded to research tax certificates via the internet and became even
more interested after reading your website. I fully understand that this is not a quick fix and will require immense
amounts of research. However, if this venture proves successful, I will have acomplished that which I first intended -
provide additional worth for my family.

It is 11:30 pm and I am downloading all of this info right now, I am looking forward to working in this field, if there
are any additional pieces of advice, please, I am more than willing to listen! Thank you.

Sincerely,

Jaime Manzo, Jr.
 

Hi Roy, Just thought I'd drop a quick note and tell you what's been going on. We just got back from the Shasta
auction and it was great!!We bought 3 properties - with one person making us an offer before we even left the
auction. We'll have to see how serious he was. This county was allot of hard work because of the far distance from
our house - it was about a 5 hour drive in each direction.

So now we are in the process of sending out letters and I'll use the agreement you sent me in regards to excess
distribution and we'll see if we have any luck with these responses.

Now for the details:

One property is .40 acres by the Redding airport - minimum bid was $739.00 and we bought it for $2,100. The
properties in the vicinity for this same size are in the neighborhood of $9,000 to $20,000.

The next two properties are both in Oak Run. One parcel is 1.52 acres that we bought for min. bid of $1,200 and the
other parcel is 1.34 acres that we bought for min. bid of $1,100. These both have suggested values of surrounding
properties of about $9,000+. So now all we need to do is sell these and we'll have more capitol for next years
auctions.

The auction was really allot of fun. There was about 75-100 people attending and there was a few bankers/investors
but about 30% of the properties went for minimum bid. There was 6 that I really had my eye on and we were able to
come away with 3, so that was really exciting.

We are also working on Napa County; El Dorado County and Calaveras County. I just received a response back
from Calaveras, but have not had time to find out what we just purchased. Shasta County has been taking up all my
free time so now I can get caught up and concentrate on the others.

This is allot of fun and I THANK YOU VERY MUCH for all your great help. I feel like everyday I am learning
something new.

Regards,

Gina
 
 

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