Olliver Kennedy offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Tax Sales - The Latest Craze In Real Estate Investing Author: Olliver Kennedy Category: Real Estate, Investing, Wealth Building Word Count: 529 Keywords: tax sale, tax sales, tax deed sale, tax deed sales, tax lien, tax deed, tax lien sale, tax foreclosu Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
I've got news for ya, and I'm sorry to say that it's not good news. If you're just now looking into investing in tax delinquent property at tax sales, you may be too late to make any real money. If you don't believe me, go ahead- attend an auction. You'll be lucky if you can squeeze into the auditorium where the auction is being held. So many people have seen the infomercials or heard the radio ads about tax sales investing that now this "niche" is overcrowded. It used to be that you could go to the tax sales auction and perhaps walk away with a deed to a great property for much less than it was worth, or bid on a lien that, if it didn't yield you a property before the owner showed up to redeem, would at least earn you a nice return on your investment (up to 18%, in some states). But now, the auctions are crowded with eager investors who are all bidding on the same properties. The end result? All the desireable properties are bid up close to their retail value, so it's extremely difficult to make any money off these properties. You can still make some money off of tax liens, if all you're looking for is a nice return on your investment like I mentioned before. Bid on a lien on a nice property in a nice area, and you'll likely end up getting paid off by the owner, including the nice interest rate that's been applied while you owned the lien. However, there is a pitfall here- since to buy the lien you had to compete with other bidders and bid the price up close to retail value, if that owner doesn't show up, you're stuck with the retail-value property, whether you wanted it or not. And if you're looking to acquire property to rent or sell? Tax liens are not the way to go, since they get paid off 95% of the time- and you often have to hold a lien for years on the ones that don't, before you can apply for ownership. There is a much easier way to go about obtaining cheap tax delinquent property, without attending tax sales. Not too many people have figured it out, either, which makes this a great time to get in. It's called "deedgrabbing," and what it basically amounts to is getting to the owners of the properties just when they are about to go to tax sale, or at the end of the lien redemption period- this is when they are about to lose all their equity, which makes them highly motivated to sell to you to at least recover something from the property. The success rate is through the roof with this method. In almost all cases, the properties about to be lost don't have a mortgage, because the mortgage company would have paid off the taxes to keep from losing the property to the government- and often, by the time the tax sale rolls around, the owners are so sick of dealing with the issue that they just want to be done with the situation. That's where you come in! Want to learn the secrets of deedgrabbing? Go to http://deedgrabber.info. Olliver Kennedy is a successful entrepreneur and real estate expert. ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
