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    Monthly ArchiveNovember 2008



    Previous Posts Jack Bosch on 25 Nov 2008

    800 x 24 = Profit

    The traditional employment rarely compensates and saves substantial money to make way for early retirement. Senior management jobs do, only under big corporations or organizations. Self-employment or portfolio investment offers promising relief from these less compensating economic activities, but often only break-even after few years. Real profits do not surface instantly with no guarantees of being sustained.

    The investment I found which I had no expertise at all claimed to be satisfying, compensating, low risk and high potential with less competition and small capital requirement.

    This is definitely not gambling, but this relatively shares the same principle: easy win.

    Profit is essentially within your reach in just 6 weeks with lesser effort of the learning the tricks of the new trade and investment capitalization. My training program comes in 2 affordable payment installments with a money-back guarantee. Even after the class, where you could substantially learn the basics and some advance workshops and access some sample forms, a 100% guarantee will be given back immediately if you find my training program useless.

    Withdrawal from the training program alone would give you profit on the first deal. Assuming you applied my 3-week system and withdrew the registration fee, making a $20,000-deal would obviously be instant profit—an instant win. Considering more the effects on property prices of the most recent economic downturn caused by weakening of dollar, oil price increases and global food crisis, you could potentially earn more upon a cheaper buy.

    Previous Posts Jack Bosch on 24 Nov 2008

    The Bigger List or Smaller List?

    Knowing how to find properties that are currently delinquent for nonpayment of property taxes is a must for a successful Tax Delinquent Investor. There are two ways of getting that. You can go for a smaller list, or you can go for a bigger list. What I have been teaching so far is really going for the bigger list. This is the list of the entire tax roll, meaning every single detail about the property which you usually get from the treasurer’s office. Or you go for the assessment roll, which is also sometimes called the tax roll.

    In most counties the language is really inaccurate. If you ask the assessor for the assessor’s roll they might also refer to it as the tax roll. But, ask them for the entire property roll. Either one of those will give you a list of every single delinquent property available in the county.

    The smaller list is a list of all properties that is coming up for tax lien sale. Included in this list are also those properties that have gone through tax lien sale. Remember it is not just what is left over. Left over properties are not typically good especially if you are working in a populated county. But, you can work with it and buy from that too. Going for the smaller list is easier especially when you are just starting out. Use it to help you build some confidence as a Tax Delinquent Investor. Build some knowledge in the area of that investing method. As you will notice then over time, you will see that after doing a couple deals, sending a few letters, and getting some responses off of the properties you got from the smaller list, you start getting more comfortable with the business. At any rate, one you feel that you now have an eye for the right kind of tax delinquent investment property; any of these lists will get you success and get you properties.

    Previous Posts Jack Bosch on 21 Nov 2008

    The rule of 100

    Insurance and telemarketing taught us this: list the first 100 people you know, contact and sell them the goods. Out of a hundred, a conservative probability of 5-10% will respond to your call and actually buy the goods. Another list of 100 buyers will crop up from the original 100 by charming (or forceful) referral. As buyers are convinced, the list stretches but we gradually developed a more methodical way of getting more buyers. The next list is then filtered, as criteria of target market are identified.

    That listing method is also applicable and mandatory in the tax delinquent properties, so as the conservative response rate. The differences are:

    1. the big list comes from the county or assessor or treasurer or IT guy or clerk or recorder, not from your personal phonebook;
    2. target market is already known;
    3. the list of 100 is a filtered list;
    4. the next list of 100 comes from the same sources; referrals are rare because friends or neighbors of a tax delinquent, who is selling his/her property, just would not clearly know that the property owner is tax delinquent; and

    The following criterion filtered the big list to 100 properties:

    1. real property tax delinquents;
    2. rural land;
    3. land without houses;
    4. accessible location;
    5. real property without mortgages;
    6. real property without zoning issues;
    7. real property without environmental issues;

    The list is essential. Without it, you will not know where to send your letters and your transaction cost of buying and selling properties will be high.

    By experience, I buy around 35 of 100 properties at around $300. I sell each property at $5,000, but only 2-3 properties. I earned a net profit of $4,500 for a start. Those properties nowadays are sold at $20,000-$150,000, which is an 8-fold profit based $5,000.

    Previous Posts Jack Bosch on 19 Nov 2008

    Slowly but Surely

    You are getting ready to start your Tax Delinquent Investment venture and you might have limited financial resources to buy all the properties you are interested in, you must start out slow and learn how to choose which investments can reap more profits. If you’re on a tight budget on getting your tax delinquent investment portfolio to full speed but don’t want to miss out on the things an attractive investment has to offer such as: great location, complete access to roads and utilities or a great landscape, check out http://landforpennies.com/secretsrevealed and find out how to save a fortune by buying tax delinquent property for pennies on the dollar.

    Tax delinquent properties have been estimated to reach as low as 10-15% of it’s original market value. A prime acre of land that is valued at $300,000 can be yours for $30,000 ONLY. That’s a lot of savings and your money well spent. These properties are available at these low prices because their owner had no interest in the property. It’s usually because of the soaring property tax and they live out of state and have never seen the property. The sooner you can catch that owner that wants to let go of the property, the better the condition of the property is going to be.

    If you visit http://landforpennies.com/secretsrevealed, it gives you a complete step by step detail on how to use tax delinquent properties at your greatest advantage. There’s no need to invest hundreds of thousand in real estate when you can shell out only a few and earn more opportunities for profit which you can then turn around quickly and re-invest. Remember the profit is made when you purchase and only realized when you sell.

    Give your hard earned money some good spending and yourself a break from the hassle of coping up with a high mortgage. Visit http://landforpennies.com/secretsrevealed and be surprised that you can spend less and save more in acquiring a handsome Tax Delinquent Property with everything you ever hoped for from your investment.

    Previous Posts Jack Bosch on 13 Nov 2008

    Learn Cheap, Earn Big

    There are 26 ways of selling properties and you could learn them all as a part of my training course. In my educational course I not only teach you how to buy real estate for literally pennies on the dollar, but I also teach you how to sell your properties for quick profits.

    Learning my tax delinquent property investing system is cheap but you get everything what I use when selling properties. My workshops are not just a teaching session, but also a question and answer session. The average session, which discusses buying and selling real properties, identifying, listing and filtering, land valuation, making an offer, etc., can actually extend to 12 hours or until all questions are answered. I extend the session hours because I really wanted to produce successful investors.

    My students also get direct email access to me and my staff. I always guarantee substantial replies that when my reply is too lengthy, I directly call you to explain everything. You also get copies of all documents I used, ranging from sales agreement, offer inserts, letters and other related documents. You save more under my training program because you learn at home and at your own time.

    Previous Posts Jack Bosch on 10 Nov 2008

    A Question of Deals on Tax Lien Property

    How much do you want to profit from investing in tax delinquent properties? Is this question really valid? Of course the answer will be as much as you possibly can. How much budget do you have in putting into your Tax Delinquent Investments? And, Do you even have a game plan? What is your game plan? Okay, you are now in possession of a list of tax delinquent properties on a regular basis. Then, what you need to do next is review the list and find out which properties would qualify for investment. You would then prepare your letters for the property owners. It’s a way for you to express your intentions in acquiring their tax delinquent property. You have to bear in mind that not all of the property owners that you are going to mail these letters to would reply. They have probably been contacted by a few people, just like you, regarding that same exact property. Try to find ways in getting in touch with then to separate yourself from the rest. You have to expect that the percentage of response would be in the low numbers. Based on the response, you will start to make some serious evaluation and computation as to viability and profitability of each property. Although some property owners responded to your letters, it doesn’t mean that they are not done deals yet. You still need to contact these property owners and set up appointments to talk to them and negotiate terms of the transaction. And this is the process that you have to follow regularly and consistently when dealing with tax delinquent properties.

    Then, this is where you are going to make real money. Once you follow your game plan closely, you will be familiar with the whole idea of tax lien property investment. You can easily spot which property has a better potential for investment. This can be a benchmark for your Tax Delinquent Investment business.

    Previous Posts Jack Bosch on 05 Nov 2008

    When Recession is Profit

    The current U.S. economy just plunged and nearly receding after dollar weakened and oil price reached $100 per barrel. The economy even worsened with the global food crisis. Cost of basics immediately inflated to new high and new low. Transportation, food, education became more expensive.

    On the other end though, prices of real property crashed. Real property, specifically housing, became cheap. Being much more a long-term and costly investment, properties are pegged more cheaply to simply sell. Supply of houses just exceeded the demand as more properties are foreclosed, in effect of weaker purchasing power of dollar. Households just suddenly could not afford to pay housing mortgages.

    Gluts, by economic theory, often result to cheaper prices. This housing crash relatively transcends to land value. If land then is sold at $5,000, it is probably sold now at $4,000.

    To most, the near economic recession is really recession. It is otherwise to others, especially dollar earning overseas workers, importers and likewise to tax delinquent investors. Power purchasing of other currencies strengthened, enabling other countries to earn more. Cheap lands are premiums. Though profits would remain or lower, cheap lands would then be more marketable in the real property industry. This is why you must always buy cheap. Buying tax delinquent real estate is profitable in any market be cause you can literally buy land for pennies on the dollar. No matter what the economic state of the country is you can always turn a nice profits by selling at affordable prices.

    Previous Posts Jack Bosch on 04 Nov 2008

    The 25% offer scenario in Delinquent Investing

    In Tax Delinquent Investing you have to know the definitions of assessed value and real value and how it is different from each other. Each property has them. Each value in each county and state is given a value depending on a lot of different factors. The assessed value is typically only a fraction of the true market value.

    So, what I usually do is make an offer of not more than 25 percent of the assessed value. Now, if I want a property badly enough, then I go as far as 25 percent of market value. I usually only do that in areas that are high growth areas, which I know the property price is going to increase. I only do that if I am missing something in my mix of properties that I would like to have one more of these properties in a certain area to have a really good sales package together for somebody. But I do not usually offer more than 25 percent of this higher value.

    This is relatively set, because the higher the property value, the higher percentage I’m willing to offer. When I see that there is a difference between percentage of discount and dollars of discount. I would be willing to pay 60 or 70 percent of market value on a property that is worth $1,000,000 that I could get for $600,000. But, I would not pay $6,000 on a property that is worth $10,000. On a million dollar property, a discount of 60 percent, meaning that I only pay 60 percent of market value, translates to a lot of green dollar bills. This translates to $400,000 in potential profit.

    Bottom line is the amount of money you should be willing to offer a Tax Delinquent property boils down to how much potential profit you would be getting for it when you put it in the open market. Although offering 25 percent of the assessed value is common, you still have to compare it to the market value to know if what you are offering will bear a considerable amount of profit for you.

    Previous Posts Jack Bosch on 03 Nov 2008

    PRICING A TAX DELINQUENT INVESTMENT PROPERTY RIGHTFULLY

    What hikes the value of the tax delinquent investment property? By asking these simple yet relevant questions, you earn yourself more bases. You can now determine how much your offer will be to the seller and how much you will be offering it for sale. The advantage of this technique helps you gain more confidence and background about the tax delinquent investment.

    After getting all the specifics like location, size, background and history of the property, it is now acceptable to ask about the amenities of the property. Now, is the best time to ask if the property has a paved or unpaved road access? Ask if the tax delinquent investment property also has electricity, water supply, and improvements in the property like fences, etc. Also ask if the property has a well, septic system or anything else like that. There is nothing to lose if you ask these questions. It is also important to know if the property is listed with the realtor by the owner. It’ll just direct you to the best person to talk to about the property. There are changes in the process that you normally go through if the property is listed. When you get all these information about the property, now it is wise to transact with your offer. You can either raise it or not. It all depends on what the property has to offer to the market.

    Pricing a tax delinquent investment property rightfully gives you a chance to negotiate with either the owner or realtor. Though the owner and realtor are two different entities, your approach basically varies. The presence of additional amenities adds up to the tax delinquent property’s value. Base your pricing to what the property offers to target your specific, realistic and time bounded goals. There’s nothing to loose by making a low offer but, more to gain now.