As you probably know I like real estate as a vehicle to make and hold wealth
And it is AWESOME as a vehicle to create ongoing cash flow.
Yet many people have been burned with real estate and might shy away from it.
In this free video (no optin needed and nothing for sale) I will show you a method
That allows you to make BIG checks without ever putting anything at risk.
Check it out and I think you will like it
And leave a comment underneath it.
I want to hear from you.
Jack
Hi Jack,
I like this video because it’s a great summary of what we have to do. Last fall I was searching a list of a county’s over the counter tax lien certificates. I found some commercial land that I would like to know if that could also be used in the flip it fast formula? But, so far the only single family homes on the list were homestead homes where the owner(s) live in them.
Should I first look for areas where the retail market is selling?
The key question is what is the best list I should look at?
I have read your FOREVER CASH book and I like it. I bought 3 extra books and gave them as Christmas presents to 3 friends.
In addition to my job, I have almost finished reading 1 of 5 fat books to study for 5 exams (hopefully starting March 25th -an exam every 2 weeks) to get my provincial license to be able to distribute life insurance products through WFG(World Financial Group). That could also be one of the “forever cash streams”.
I look forward to your answer about the best type of list (at a cheap cost and that I can view online) for me to search.
Thank you.
Margaret
Hi there, Jack here.
yes the list of over the counter available Tax lien certificates is NOT the correct list because as you have noticed it only has the leftovers from the auction on it. If you do the flip it fast formula you want to ideally get the list of all properties where the owners have not paid the property taxes, no matter if they haven’t paid them for 1 month, 1 year, 3 years or 10 years. … not just what is left over from the auction.
I want to see how it done
i think one thing that is not being discussed is the rise in property taxes I find you can raise rents 20 or 30 dollars and they grumble, call you ever name in the book but when you raise your rent 100-200 dollars to cover the increase in taxes they general move and destroy things
Hi there, while you are right in that if you raise rents for any reason from let’s say $800 to $1,000 the tenants will move, they key here is to not focus on properties that you can buy so cheap that you will make money even if property taxes go up a lot. But here is the good news. if property taxes go up by so much that you have to increase rents by up to $200, then that means usually that the property has gone up in VALUE by at least $100,000 and that is a GREAT thing. so in that case, either rents will go up across the board, and even if your tenants leave they will have to pay the same higher amount somewhere else (and new tenants will come who can afford the higher rent – better tenants) or if you really are at a point where you are not making any more money from the rent (unlikely if you follow my advice) you can now sell the properties make an extra $100K in profits from the higher value, and then (important) RE-INVEST that money into new properties in areas where property taxes are lower (or into commercial properties…)… So higher property taxes could mean that something good is happening.
Yeah…it’s called “wholesaling.” We know.
Perry,
absolutely, it’s called wholesaling.
but have you ever seen a house in a highly sought after market you could buy for $1500?
That is the power of THIS KIND OF WHOLESALING!!
Hope you join us on the live event http://www.foreverCashAcademy.com
Nice and simply explained, thanks!
I am making some efforts with this and have sent some letter. If and when I get some responses, I will submit to the flipitfastformula to see if you all are interested. I am in
the San Francisco Bay Area.
Do you all want off market properties only? What about properties that are
listed with Realtor’s?
This is Wholesaling, I am making some efforts with this and have
sent some letter. If and when I get some responses, I will submit
to the flipitfastformula to see if your interested. I am in the San Francisco
Bay Area.
Do you all want off market properties only? What about properties that
are listed with Realtor’s? and or fixer uppers?
Best Regards,
Brian Mitchell
hi there,
we are only looking for off market properties. if they are listed with a realtor chances are there is not enough margin in them.