Thanks for subscribing to my "Go Ahead, Be a DeedGrabber!" Mini-Course.  You're about to learn about one of the least known, but most profitable niches in real estate - DeedGrabbing.

Over the next 5 days I'm going to debunk many of the myths about tax sale investing, and show you the "loophole" that allows anyone to profit from tax sale properties, without investing a bunch of money or waiting.

I really get a diverse group of people who subscribe to this email course. 

Some of you are just getting started and have heard that tax sales are the best opportunity to get real estate for pennies on the dollar - even free and clear properties for under $1000. 

If I'm talking to YOU now, I'm about to save you a lot of time, frustration, and money.

Others of you are modestly successful, own some properties already, and maybe even have done some creative or pre-foreclosure deals. You're looking for another, more profitable niche to pursue. 

And I get people now and then who are experienced tax sale investors. If you've invested at a tax sale before, what I'm about to tell you is not news.

Whatever the case is, I'm sure you'd like to make money in the tax sale arena, and you recognize that now is the time to get bargain purchases.  And you're looking for a way to do it.

Here's the central point I want to make to each and every one of you:

Direct tax sale investing is not a good way to acquire bargain property unless you have hundreds of thousands of dollars to invest, and are willing to wait months and months, or years, to acquire your properties.

This is because you will have to face other bidders at a tax deed auction or buy dozens of tax liens and wait to get one that results in a property acquisition - most tax liens pay you off and leave you with no property...though you do usually earn a nice rate of return.

Tax Sale Basics

A tax sale usually happens in one of two formats - tax lien sale or tax deed sale. If you're completely new to tax sales you can read my article, Tax Sale Basics to catch up. But here's a little more information about both:

TAX LIEN SALE - The county allows investors to "purchase" unpaid taxes. An investor pays the taxes owed, on behalf of a delinqent owner, and is given a first-priority lien on the property. The investor earns a high percentage return on his investment if the owner pays him off (quite often, it's 10-20%+ per year). 

A deadline is set for the owner to pay off the lien.  If the owner fails to pay this amount by the deadline, in most states the property is deeded to the investor free and clear. 

TAX DEED SALE -  A sale date is set for all properties with delinquent taxes.  Anyone who has not paid by that date has their property sold to the highest bidder. 

Each state's law is different, but your state should be similar to one of the two formats.

On the face of it, it appears that bargains would be everywhere. Simply pay off someone's taxes, wait a while, then acquire their property for just the tax amount.  Or bid on their property at the tax deed sale and get it for the amount of taxes owed.

The Realities of Tax Lien Investing

1.  Many states have a bidding system for tax liens as well, so tax liens for valuable properties will be bid far past the minimum amount.

2.  If you manage to buy a bargain tax lien, you will be paid off by the owner 95%+ of the time.

3.  You will have to wait many months or years to acquire the property and there are legal pitfalls throughout the process.

The Realities of Tax Deed Investing

1.  Tax deed auctions are well known, and well attended by investors. They will bid up the price on valuable properties to near retail value, or certainly to 70-90% of value.

2.  You need all cash in hand at the sale.

3.  Enough said.

Tax lien investing is great for people who want to park large sums of money making double digit returns, and end up with a bargain property once in a while. 

In fact, large institutions come in and spend millions of dollars on tax liens at one sale, in my county alone.

OK, I'm Convinced...What About the Loophole?

Sorry if I've burst your bubble about making money at tax auctions. But here's the good news: there's a loophole that gets us around all the downsides of attending tax sales to buy liens or deeds.

We're going to get $200 properties like those folks on TV (though the properties might not be as pretty as the phony pictures shown on the infomercial). 

We're going to get them now, and use the loophole: we're going to buy directly from the owner who is about to lose the property.

Tomorrow's lesson is called:

"The Real Source of Tax Sale Bargains - The At-Risk Owner"

Sincerely,

Rick Dawson

Rick Dawson

The DeedGrabber

Everything You Need to Know to Profit From Tax Property Before the Sale - The DeedGrabber Ebook

Yes, I'd like to get the DeedGrabber information NOW!

Choose your version (click one):

Ebook Digital Download ($59): "Go Ahead, Be a DeedGrabber" in digital format for immediate download. Takes you step-by-step through the process of DeedGrabbing, from getting your list of owners, to contacting the owners, what to say to them, and how to research the property for value and title issues before you buy. Then, how to sell the properties you get for big paydays.

DeedGrabber Study Course ($147): Immediate download of the ebook PLUS the ebook in written format shipped to you free by UPS. Additional materials include Legal Forms CD which itself can save you thousands of dollars developing your paperwork. Also includes seminar DVD, Quick Start CD, and Introduction to DeedGrabbing CD with Jackie Lange of CREWealth.com.

Find Out More About the
"Go Ahead - Be a DeedGrabber" Ebook Here

"I cannot tell you how helpful your e-mail course was.   I have been doing what you suggested over the past 3 weeks and I have sent out about 100 letters. 

I received about 20 phone calls back and of that, I have three really (potentially) great opportunities.  Vacant properties, in decent shape with out of town owners.  One person just said "make me an offer"!  Hopefully, at least one of these three deals will be a great success for my wife and I."
- William M., New Jersey

[Update: Bill has closed on two of these properties at less than half of market value - watch for our upcoming conference call]

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"I have known Rick almost 10 years now and throughout that time I have had the opportunity to observe closely Rick's real estate business.  As a real estate investor and innovator, Rick has no equal.  He has developed investment strategies that are both unique and highly profitable.

I have had the luck to co-invest with Rick on some of his deals and witnessed first-hand how he shapes a real estate opportunity into a profitable business venture.  My door is always open when Rick wants to discuss real estate.

I strongly recommend Rick Dawson to anyone who wishes to learn and profit from real estate investing…He is the real deal!"

-Attorney Jonathan Petersen, Hammond, Indiana
AttorneyPetersen.com

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Rick,

I soon obtained a "General Warranty Deed" 3 days prior to a tax sale, and subsequently paid late taxes and homeowners fees.

I could have been in a position to sell the property but I rented it back to the prior owner for one year at a reduced rate - I considered this a concession for the deed.

Thanks
-Ronald Moss

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I found the information in the ebook to be right on target. It is a step by step system that is easy to follow and implement. Even if you get off course, you can quickly go back to the ebook and see where you strayed so you can get back on track.

The information is up to date and complete. If you follow Rick’s direction you can’t go wrong. Rick takes his stuff to the N-th degree by telling you word-for-word what to say at the different govt. department employees to get what you came for. And IT WORKS!

Thanks for a very valuable ebook and an extremely valuable course!

Cathy A.
Michigan

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I bought an e-book from another real estate trainer and it was mostly fluff. Rick Dawson gives realistic, practical and useful information.

-Yen Morris