If you want to know how to make money on tax liens without having to bid on them read here.
How can you make money from tax liens without actually buying tax liens and certificates? Read the article below to find out how you can easily be a finder of tax lien auctions overages and make money by letting the property owners know. Sound weird? Read it all below.
It’s true. You don’t need to buy tax lien certificates, or deeds, or anything else at the tax sale to make a huge amount of money from tax properties. Why would you want to anyway?
The competition these days is so fierce that your odds of being successful bidding at tax sale are going down by the day.Doesn’t matter. You don’t need the tax sale. You don’t even need to hold a lien or a deed, or own property in any way, shape, or form outside of the tax sale to make money from tax foreclosure.
All you really need to do is figure out what happens when investors buy tax lien certificates: which states keep the tax sale overages for the former owners, and which ones keep it all for themselves. The states in the U.S. are split about 50/50 on this one.
After that, it’s simple. Investors buy tax lien certificates. Bidding frequently goes way above and beyond the taxes that are owed on a property. In states that don’t keep the tax sale overages, that excess money is held, and the owner can claim it. But he almost never does.
Why?
Well, because he doesn’t know about it. Obviously. If he did, then he would go and get it. That’s where you come in.
You find these owners that have money being held by the government, and collect it on their behalf for a finder’s fee.It’s a simple concept, but of course, not so simple in practice: you have to know how to get records of these funds (can be complicated), how to find the owners (can be difficult, but that’s a good thing), and how to get them under contract so they can’t just go around you with the valuable information you’ve provided them, and collect without paying you.
That last part sounds tricky, but it’s really easy once you know what you’re doing.Still simpler than the effort it takes to buy tax lien certificates at the auction. And hold. And hope you get paid off.
The important thing is that this is legal, and there is a lot of money just sitting around waiting to be collected. If it’s not collected within a certain window of time, 1-5 years in most cases, it will be lost permanently to the state government. So it’s urgent to find these owners before that happens.
Your service is so valuable, you can collect up to 50% for it– and with the number of properties going to tax sale in the current economy, that translates to thousands of dollars, sometimes tens of thousands of dollars, per claim.
When collecting overages, it’s key to understand how to approach the owners so they don’t try to avoid your fee. Read the *free* Hooked On Overages “Insider’s Guide” Click here now: http://hooked-on-overages.com.
Article by Maggie Dawson
Or, take the *free* 5-day Video Training – Click here now: http://hooked-training.com