What is a DeedGrabber? What is DeedGrabbing?
By Rick Dawson
The first question I am often asked is, “What is a DeedGrabber?”
Here is the short answer: A DeedGrabber is an investor who gets a deed to (buys) property that is about to be lost to a tax sale investor.
Read my article Tax Sale Basics for a more complete understanding of how most tax sales work.
We’re not going to be investing at tax lien auctions or tax deed auctions, because we will not get bargain properties often enough. We will be bidding against too many people or waiting too long to acquire properties, and may not even end up with any properties if we buy tax liens.
Even though it is rare to acquire a bargain property at a tax sale auction, or from buying a tax sale lien, it DOES happen occasionally.
There is an infomercial playing now by John Beck on late night TV that shows spectacular student success stories. Students show how they acquired properties worth $50,000 - $200,000 for less than $2,000. I highly doubt these examples are made up; they’re probably real!
What John Beck does not share with you is how many tax liens the student had to buy, and how long the student had to wait, in order to get the first property.
Perhaps a student had beginner’s luck and acquired a property for pennies on his first try. I highly doubt that the student will be able to continue his success acquiring bargain properties in the long term.
You see, an investor must typically buy dozens of tax liens, and wait a number of years, to acquire even one property.
This also means tying up tens of thousands of dollars of investment for years. Most of the tax liens will pay off, and you’ll be left with a relatively small return on your investment and no property.
Why not let the investors do all the research to buy the best liens, and let them wait for most of them to pay off.
Then, when they’re about to get a “John Beck Infomercial” bargain property, you’ll go to the owner and buy the property right before the tax sale investor gets it!
You’ll hear the tax sale investors curse under their breath “Must’ve been one of those darn DeedGrabbers again!?!?”
Everything You Need to Know to Profit From
Tax Property Before the Sale -
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Ebook Digital Download: "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: 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.