Have you tried talking to a bank about getting a loan lately?

If not you should try and my guess is you will appreciate this Product Review.

It has gotten so difficult to get any kind of bank loan that many real estate investors have just plainly given up on and have left the field to anyone with loads of Cash.

But it doesn’t have to be that way.

What most people forget is that 35-40% of all homes in the U.S. are owned Free and Clear (or almost free and clear). And these sellers are begging you to buy their home from them (their buyers can’t get a bank loan) and are even willing to finance you without a bank involved.

In his new Home Study Course Richard Roop has created a compact yet very usable and detailed program on how the average investor and even a new investor, attracted by the low prices in the current real estate market can get into the game in a low risk but high rewards kind of way.

www.FreeAndClearCashFlowMachine.com

Low Risk, because Richard Roop teaches how you can get deals with lots of equity in them, at prices and more important terms that beat any bank.

Low Risk, because you don’t ever have to talk to a bank to make them happen.

Low Risk because you will only enter into a deal if you know upfront that – It will cash flow – Exactly what profit you can reasonably expect from the deal. – How you can extract some or all of that profit not when you sell but when you buy. (how to get paid when you buy) Low Risk because you never need to put your credit rating at risk and never even talk to a bank. Low Risk because you don’t use any of your own money to make these happen.

High Reward, because Richard Roop teaches you in detail how you can - Calculate upfront what to offer to virtually lock in your profits. If you can’t get that price, then don’t buy the house. – Structure deals such that you often get $500 and even up to $1000 per house in positive cash flow. – Design the deal such that you get paid up front when you close.

If you can believe for yourself that it is possible to make $6,000 to $30,000 per deal targeting properties that have lots of equity and Free And Clear Properties then this Program might be the perfect fit for you.

www.FreeAndClearCashFlowMachine.com

This system fits the current environment of “Credit Crunch”, Bank Bailouts, and Tightened Lending requirements perfectly. Instead of complaining about the bad economy Richard Roop has come out with a killer program that allows you and anyone interested in taking advantage of this unique and narrow window of time and opportunity, to buy homes with better terms than anyone else and build a portfolio of free and clear homes that can provide the financial stability and wealth so many are looking for.

To get more details about how this program works click on the link below and watch the Free Video where Richard’s program is being explained in detail.

www.FreeAndClearCashFlowMachine.com

Have you tried talking to a bank about getting a loan lately?
If not you should try and my guess is you will appreciate what I am about to share with you.

It has gotten so difficult to get any kind of bank loan that many real estate investors have just plainly given up on and have left the field to anyone with loads of Cash.

But it doesn’t have to be that way.
What most people forget is that 35-40% of all homes in the U.S. are owned Free and Clear (or almost free and clear). And these sellers are begging you to buy their home from them (their buyers can’t get a bank loan) and are even willing to finance you without a bank involved.

Join our No-cost Webinar with Richard Roop on Tuesday 6/30/2009.

To make sure you have time for this we even have provided two options for you.
We will have 2 webinars broadcasts the same night.

Once at 6:00 PM Pacific time (= 9 PM EASTERN)
https://www2.gotomeeting.com/register/546976954
And once at 9:00 PM Pacific Time in an Encore Presentation.
https://www2.gotomeeting.com/register/641671379

Chose one of them or attend both (repetition of great information is a good thing)

But you can’t miss this because it might just change your life.

Learn how to find these sellers and how to structure deals that make
- Any property cash flow.
- Allow you to buy more properties than you can handle without ever talking to bank.
- Building a Free and Clear portfolio of houses in no time

Again that registration information is

https://www2.gotomeeting.com/register/546976954
For the 6:00 PM PACIFIC Time Webinar
And
https://www2.gotomeeting.com/register/641671379
for the 9:00 PM Pacific Time Encore Presentation.

As a matter of fact I have personally done 10 such deals in 12 weeks by just learning what Richard is teaching (and I plan to buy another 30-40 houses this year using his techniques).

Jack
P.S. This could be a live changing event for you. I am not kidding.
https://www2.gotomeeting.com/register/546976954
For the 6:00 PM PACIFIC Time Webinar

And

https://www2.gotomeeting.com/register/641671379
for the 9:00 PM Pacific Time Encore Presentation.

www.FreeAndClearCashFlowMachine.com

Hi, Jack Bosch here.

Yesterday I sent to you a link over to a Free Teaching on how to buy Free and Clear Houses in addition to my land business.

Didn’t get it? Go here www.FreeAndClearCashFlowMachine.com

In that email I have told you I had personally done such deals.

Well anyone can say that right?

To prove my bold statements I have put together the above special video of me (and my wife Michelle) walking you through some of the Free and Clear Houses.

In this video I am showing you how I bought each of these houses for under $50,000 (and one for $26,000) and how I

Make them Cash-Flow at rates of $500 and more per month (per house)

If you want to learn more about how I created this brand new and exciting business goto

www.FreeAndClearCashFlowMachine.com

Jack

P.S. As I said in yesterday’s email, I bought 10 homes in 12 weeks and just this week I am about to buy another 3 houses.

If you want to convince yourself that these deals exist and that you can buy them with little or none of your own money and still have them cash flow at $400 to $600 per month

Go here.

www.FreeAndClearCashFlowMachine.com

Tax Lien Auctions are just similar to traditional auctions. It has a very unique characteristic that should be observed and studied before effectively becoming an active bidder at one. Counties often have rules and regulations regarding the types of sales and foreclosure, which need to reviewed before bidding in a tax lien auction, this is to ensure that bidders walk away with the property they want & understand their rights in purchasing the lien.
Tax lien auctions are premeditated to allow taxing authorities to earn back lost tax revenue by selling either tax lien certificates (which pays the government all back taxes, but allows the land owner more time to raise the needed cash before permanently losing their property), or selling the property absolutely and transferring the deed to a new owner.
At the auction or the courthouse or the assessor’s office, a referee or trustee controls the proceedings by first explaining the sale terms and required deposits. Most county oblige payment immediately after a sale, but allow 48 hours for payment, if the buyer has been approved by the trustee beforehand.
There is usually only minimal information given out on the properties at tax lien auctions. That is why it is important for you do thoroughly research the properties, there locations, conditions, etc. before the auction day arrives. Knowing the properties well before the auction will allow you to place better bids.
The types of auction sales are: the tax lien certificate sale and the tax deed sale. Both are exclusive and need to be considered carefully before placing the first bid.
What happens in the auction of a tax lien certificate is that the investor is given the rights to lend the homeowner the money to pay outstanding tax debt, if he wins the bid of the lien, which is auctioned. In the event the property owner fails to pay the lien certificate and interest in full by a pre-determined date, the investor assumes ownership rights to the property for just the amount of taxes paid.
Tax Lien bidding varies from a standard auction rules in the fact that possible buyers “bid down” or bid on the lowest interest rate they are willing to accept for laying out the cash for the taxes. The lower the interest rate accepted, however, can drastically reduce any potential profit, should the current owner finds the funds necessary to pay the lien certificate in time and regain ownership of the property.
Investing and participating at a tax lien auction basically guarantees some amount of profit for the investor by means of interest rates, while tax deed sales offer the opportunity to resell a promising property for a profit. Regardless of the type of bidding process used, investors have more opportunity for profit at Tax Delinquent Investment properties since they can usually obtain them at deep discounts whether through Tax Deeds or Tax Liens.

When investing in Free and Clear Real Estate (or Real Estate with high Equity) it is crucial to know what steps to need to take to make sure you achieve the success you are out to get.

Follow these steps to make offers on free and clear houses:

1. Determine what price you expect to get quickly offering flexible owner financing to a buyer
2. Determine the minimum monthly income you can get each month
3. Determine the minimum profit you want make
4. Add up your projected costs for marketing, buying, funding and selling
5. Add up your projected costs for repairs and holding until occupied
6. Decide if you are going to pull out some extra cash when buying
7. Determine how much cash you need to raise to fund the deal
8. Determine the monthly cost of raising these funds on a private investor first mortgage
9. Determine the net positive cash flow (without offering monthly payments to the seller on a second mortgage)

Your maximum allowable offer (MAO) on a free and clear deal equals:

• Your resale price, less your target profit, less all your cost to buy, hold and sell, then
• For the term of your seller carry back note – add the total positive cash flow then
• For the term of your seller carry back note – add the total principal reduction

If you do not offer more than this final number, then you’ll meet your target profit goal.

The beauty of this investing approach is that you structure 0% seller financing with the homeowner. And there so many different reasons why sellers are accepting offers with no interest on their equity.

Many investors don’t think sellers will accept 0% financing, or wait 5 to 15 years for their money… but they do… and they do it all the time. But only when you ask.

The benefits for you are awesome.

• You can collect all the positive cash flow on the property when the seller accepts no payments. If you could net $1,000 a month for 84 months, would that be worth getting involved?
• You can make any property cash flow by only offering the seller payments based on what the houses can afford. Any monthly payments you do make are principal only and will rapidly pay off the house… creating a huge backend. If you could buy a house with no money down, get at least a breakeven cash flow, and then collect $50,000 or $100,000 within 3 to 10 years, would that be a deal?
• And if you like, you can pull most of your profit out in advance… in cash… on the day you buy it. There’s no rush to quick-turn these properties when you have no money tied up in the deal and you’ve collected an extra $10,000 or $30,000 in cash on the day you bought it.

It may seem complicated, but it is not. The marketing is easy. Prescreening these leads is simple (Hint: if there’s a lot of equity… go see the seller!). Negotiating and deal structuring is systematic. The deals you buy using this investing model are super easy to quickly resale or occupy.

Use the steps above to structure multiple offers and then recalculate different offers based on:

1. Having the seller wait for ALL their equity,
2. Giving the seller the net cash flow each month,
3. Giving the seller a down payment and
4. Some combination of cash now, cash flow and cash later to the seller

Sound too good to be true? You’ll never try it unless you believe it work for you. Register right Below HERE (or on the top right of the page) and learn exactly how many people have done this and how you can also do this.

Here’s some proof to get you motivated and excited…

• How Mark from Virginia netted an extra $10,000 in cash at closing buying a $165,000 house with no money down, creating 0% financing with the seller for 7 years at $400 a month.
• How Mike from Washington collected an extra $25,000 in cash at closing when he bought a $120,000 house no money down, creating 0% seller financing at $500 a month for 8 ½ years.
• How Denise and Mark from California bought a newly remodeled $400,000 house which can rent at $1,800 for just $290,000 with no money down, creating 0% financing with the seller at $800 a month for 10 years.
• How Brenda from Ohio netted an extra $10,000 in cash at closing when she bought a $180,000 house with no money down, getting 0% seller financing for 6 years at $360 a month.

For more FREE information about Free and Clear Cash Flow Investing visit
www.free-and-clear-cash-machine.com

We all have heard about and are living through the biggest Downturn in US Real Estate Values since the 1930s. This has created a lot of challenges for Real Estate Investors but it also has create some incredible opportunities if you’re willing to make a few adjustment in the type of Real Estate Deals you pursue.

Most investors are still stuck in their ways of doing business that worked last year but this year the world is different.

The key today is to look for Proven methods for collecting big checks as a Real Estate Entrepreneur while taking into consideration the tighter credit markets which make getting loans for YOU as well as for the people you SELL to more difficult.

And one of the ways you can successfully leverage this exact scenario of a Market Flooded with Properties, Very little Credit is investing in “Free & Clear” Properties with “Owner Financing”

Free & Clear Owner Financing
One of the easiest and safest ways to create a quick and profitable Real Estate business throwing off enough cash each month for you and your family to have some options in life is to target and buy free and clear houses… or properties with lots of equity.
I call this “The Ultimate Strategy” for buying and selling real estate because:

• It works on any type of property including single family houses, condos, townhomes, and even on mobile homes, multi-family, apartments, land and commercial
• It works on property in any price range including low end, rental markets, bread butter homes, executive homes and even high end luxury homes
• It works in any market climate including slow markets, normal markets, hot markets, post-hot markets, uncertain markets and especially in today’s ‘skittish’ market climate.

By targeting free and clear houses you can structure offers with owner financing that allow you to collect extra cash on the day you buy, reliable cash flow each month and huge backend paydays for cash later.

For this investing model you’re going to buy on terms and then sell with terms. Or you can even hold for passive cash flow and long term wealth building.

Sound too good to be true?

You’ll never try it unless you believe it work for you. Register right Below HERE and learn exactly how many people have done this and how you can also do this.

Here’s some proof to get you motivated and excited…

• How Mark from Virginia netted an extra $10,000 in cash at closing buying a $165,000 house with no money down, creating 0% financing with the seller for 7 years at $400 a month.
• How Mike from Washington collected an extra $25,000 in cash at closing when he bought a $120,000 house no money down, creating 0% seller financing at $500 a month for 8 ½ years.
• How Denise and Mark from California bought a newly remodeled $400,000 house which can rent at $1,800 for just $290,000 with no money down, creating 0% financing with the seller at $800 a month for 10 years.
• How Brenda from Ohio netted an extra $10,000 in cash at closing when she bought a $180,000 house with no money down, getting 0% seller financing for 6 years at $360 a month.
• How Marc from Minnesota buys a free and clear house each month and how he recently collected $50,000 in extra cash buying a $240,000 house for $212,000 with 6 years of 0% seller financing at $1,000 a month.
• How Rob from Oregon created $15,000 in extra cash and a positive cash flow of $1,200 a month buying two houses in just 10 minutes with no money down funded with owner financing requiring no interest and no payments for 6 years.

The bottom line…
Regardless of what investing models you’re using today, you’ll enjoy more consistent success and be able to generate more immediate cash profits by targeting houses with more and more equity.

For more FREE information about Free and Clear Cash Flow Investing visit
www.free-and-clear-cash-machine.com

In handling Tax Delinquent Investments, you need to master your brew and craft in transacting a sale or a buy that is dependent on how effective you project your interest and agenda to the other party. If you wish to have an effective communication with your client, never ignore the power of a well-constructed letter. Designing an effective form of letter being sent to real estate tax delinquents varies from one personality to another. This means some letters work well with certain clients, while some do not have any effect at all.

It’s been 4 years that I have constructed and tested my three letter formulas in producing the most concise, effective and apt material, a result from my experiment-based outcome.

There are 3 types of letter formulas I came up with and use.
The first type, which I discuss here, is what I call as “short letter”.
It is more direct and straightforward and usually consists of 3 to 5 sentences. It yields the highest response because it only sends your intention and interest to purchase the abandoned property from a tax delinquency.

One advantage to this type of letter is you get to speak to the seller first through a phone call and get a feel of his enthusiasm and motivations. This way you develop a connection and build rapport with the seller.
In other words, “you put your best foot forward” in building a much more trusting relationship; a more personal and professional feel.

Researching about more detailed information about the property value and marketability will be much easier then since, you get to speak with the owner. A good rapport leads to a good transaction and better relationship with the seller. This is where SUCCESS in your tax delinquent investment starts!

In conclusion, letters with proven success speak better of your interest with a certain property and using the ‘short type’ of letter yields the highest response because of its simplicity and clarity.

The U.S. Senate is considering a bill that would severely limit the way you do business as a creative investor and, more importantly, is an inexcusable infringement of the property rights of all Americans.

HR 1728, which you can view in its entirety here: www.govtrack.us/congress/bill.xpd?bill=h111-1728

It covers a lot of different topics but here’s the important part. You will NOT be able to sell more than 1 property with owner financing every 3 years!

Their definition of Seller financing includes land contract, owner-held mortgage or wrap-around mortgage-and who knows if they’ll define lease/options as owner financing, too?

It means that you will have to comply with a long, confusing, and penalty-filled piece of national legislation. Here are the types of transactions that you would be restricted from doing more than once every 36 months:

• Selling YOUR OWN HOME using a land contract or owner-held mortgage so that you can get a quicker sale, higher sale price, or better rate of interest than is available in other investments
• Carrying back owner-held second mortgages on investment properties that you sell
• Doing any kind of installment sale on residential properties including homes, condos, mobile homes, and even raw land that is zoned residential

The bottom line is, this law has to be stopped and it has to be stopped NOW. Here’s why:

1. Congress is trying to regulate the wrong thing. The deals we make are not “loans”-they don’t involve the transfer of money, or points or closing costs or adjustable rates or any of the other things that caused the mortgage crisis to begin with. They are INSTALLMENT SALES. We don’t give money to the “borrower” and wait for it to be paid back: we give a property to the borrower and wait for it to be paid off. Regulating this will have no effect on the foreclosure crisis

2. It is a completely unacceptable infringement on private property rights. When I own a piece of property and find a ready, willing, and able purchaser, I should be able to control the sale of that property within the existing laws of my state, which already regulate the interest rate that I am able to charge and some of the terms of the sale. The government does not have the right to tell us that we need special licensing to sell our own properties; nor do they have the right to further regulate the terms under which we can sell or burden small investors with a new set of rules that we can’t comply with.

Not only will this new law, if passed as written, effectively choke off owner financing as an exit strategy for you, it will also take away housing choice for your buyers. The millions of Americans who’ve been through foreclosure in the last 3 years can’t buy a house in any way OTHER THAN to negotiate owner financing with a seller-and HR 1728 would greatly reduce the number of properties available in this way. Millions of potential home owners who would otherwise be able to re-start the process of paying off a home, and get the tax advantages of ownership, will be reduced to renting until they are able to qualify for bank financing.
What to Do Right Now

This bill has already passed the House and is waiting for Senate approval. Please contact your senator via email, Fax or US mail and let them know that this law MUST NOT PASS in its current form.

Senator Jon Kyle
730 Hart Senate Building
Washington, D.C. 20510
Fax: (202) 224-2207

Senator John McCain
241 Russell Senate Office Building
Washington, DC 20510
Fax: 202-228-2862

As always in cases like this, you have an automatic handicap to overcome-the fact that you are a real estate investor and are therefore viewed as part of the problem. So when you write, don’t emphasize the nature of your business, just that you and your buyers would be greatly adversely affected by the new law. SEE BELOW FOR SAMPLE LETTERS to fax, email or mail.

We need THOUSANDS of these communications to go out in the next few days to have a CHANCE of stopping this in its tracks. So whether you’re a new or experienced investor, PLEASE take the time right now to write your elected representative!

Here are some sample letters or emails.

IF YOU HAVE A REAL ESTATE LICENSE
Dear Senator [name]

My name is (insert name here) and I am a life-long resident of (insert city name here).

I am writing you to encourage you to vote NO on HR 1728, the “Mortgage Reform and Anti-Predatory Lending Act”.

While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act, see section 101(3)(e), will enormously reduce the housing choice of (your state) and the ability of home owners to sell properties in this already-slow market.

As a real estate broker, I have seen several dozen cases in the past year of home sellers and buyers coming to an agreement for an installment sale on a property that the owner desperately needed to sell (often to avoid foreclosure) and the buyer desperately wanted to buy, but could not raise the down payment needed for conventional financing.

In all cases, these sales turn out to be win-win deals for the buyer and seller; the seller was able to get rid of an unwanted property to a buyer who loved it, and the buyer was able to get his new home at an affordable payment and interest rate with none of the usual costs (points, application fees, etc.) inherent in more conventional mortgage transactions.

In (your state) these transactions are already regulated by state law: a low maximum interest rate is already in place, and both the buyer and seller are protected by other regulations at the state level.

In defense of private property rights, owners should be exempted from the burdensome and unnecessary rules that this law foists upon them. In its current form, it would all but shut off the “owner financing” market that is the only way that many sellers can sell and many buyers can buy right now.

PLEASE DO NOT LET THIS RESTRICTION ON PRIVATE PROPERTY RIGHTS PASS THE SENATE. It is unnecessary to stop private buyers and sellers from transacting business that is beneficial to both of them – they are not the problem that the bill seeks to solve. HR 1728 would be extremely harmful to thousands of your constituents.

It will exacerbate the problem OF foreclosure, as fewer sellers will be able to sell their homes to avoid it, and CAUSED BY foreclosure, as fewer buyers who have recently experienced foreclosure will be able to re-start the process of home ownership inexpensively and easily by negotiating owner financing.

Thank you for your consideration;

Insert Name
Licensed Real Estate Broker license #
Phone #
email

IF YOU SELL HOUSES WITH OWNER FINANCING
Dear Senator [name]

My name is (insert name here) and I am a life-long resident of (insert city name here).

I am writing you to encourage you to vote NO on HR 1728, the “Mortgage Reform and Anti-Predatory Lending Act”.

While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act, see section 101(3)(e), will enormously reduce the housing choice of Ohioans and the ability of home owners to sell properties in this already-slow market.

As a professional housing provider, I sell several houses each year to home buyers on installment sale [or, if you have not purchased a property, add here: "I had planned to sell several houses this year on installment sale]-a practice that would become impossible under this law in its current form.

I find that in today’s slow market, the best way for me to help buyers who desperately want to become homeowners, but who cannot raise the down payment or meet the other terms needed for conventional financing, is to allow them to make payments directly to me.

These sales are win-win deals for both the buyer and myself; I am able to turn over homes that I’ve bought and renovated (often from homeowners facing foreclosure or banks who took back the property) to buyers who love and can afford them, and the buyer can get his new home at an affordable payment and interest rate with none of the usual costs (points, application fees, etc.) inherent in more conventional mortgage transactions.

In (your state), these transactions are already regulated by state law: a low maximum interest rate is already in place, and both the buyer and seller are protected by other regulations at the state level.

Without the ability to sell homes in this way, I will no longer be able to invest in and renovate any of the tens of thousands of vacant, ugly houses placed on the market by the foreclosure crisis, and my small-but-beneficial business will literally be in ruins. Perhaps more importantly, the homeowner-buyers that I serve will be forced to rent rather than moving toward the American dream of home ownership.

In defense of private property rights, owners should be exempted from the burdensome and unnecessary rules that this law imposes on them. In its current form, it would all but shut off the “owner financing” market that is the only way that many sellers can sell and many buyers can buy right now.

PLEASE DO NOT LET THIS RESTRICTION ON PRIVATE PROPERTY RIGHTS PASS THE SENATE. It is unnecessary to stop private buyers and sellers from transacting business that is beneficial to both of them-they are not the problem that the bill seeks to solve. HR 1728 would be extremely harmful to thousands of your constituents.

It will exacerbate the problem of foreclosure, as fewer sellers will be able to sell their homes to avoid it, and CAUSED BY foreclosure, as fewer buyers who have recently experienced foreclosure will be able to re-start the process of home ownership inexpensively and easily by negotiating owner financing.

Thank you for your consideration;

Insert Name
Perfect Properties, inc.
Phone number
email

IF YOU BUY HOUSES WITH OWNER FINANCING
Dear Senator [name]

My name is (insert name here) and I am a life-long resident of (insert city name here).

I am writing you to encourage you to vote NO on HR 1728, the “Mortgage Reform and Anti-Predatory Lending Act”.

While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act, see section 101(3)(e), will enormously reduce the housing choice of Ohioans and the ability of home owners to sell properties in this already-slow market.

In the past year, I have purchased and renovated several homes made possible because the sellers of these homes were able to sell to me using owner financing in an unrestricted way.

For many of these property owners, seller financing was the only way to unburden themselves of an unwanted property that, in some cases, was headed toward foreclosure before I purchased it.

Without this ability, I can not continue to buy and renovate properties in the neighborhoods that need me and my colleagues to invest our time, energy, and money in rehabbing properties. Bank financing is not an option for these properties because of the condition; only financing carried by the sellers will suffice.

Section 101(3)(e) would keep my sellers from utilizing this method of getting rid of unwanted properties in today’s market, should they have more than one to sell.

In defense of private property rights, owners should be exempted from the burdensome and unnecessary rules that this law imposes on them. In its current form, it would all but shut off the “owner financing” market that is the only way that many sellers can sell and many buyers can buy right now.

PLEASE DO NOT LET THIS RESTRICTION ON PRIVATE PROPERTY RIGHTS PASS THE SENATE. It is unnecessary to stop private buyers and sellers from transacting business that is beneficial to both of them-they are not the problem that the bill seeks to solve. HR 1728 would be extremely harmful to thousands of your constituents.

It will exacerbate the problem of foreclosure, as fewer sellers will be able to sell their homes to avoid it, and CAUSED BY foreclosure, as fewer buyers who have recently experienced foreclosure will be able to re-start the process of home ownership inexpensively and easily by negotiating owner financing.

Thank you for your consideration;

Insert Name
Perfect Properties, inc.
Phone number
email

When you have your big list of tax delinquent properties, filtering the list or trimming the list of properties for purchase follows. The guideline is simple: just focus on properties where the owners will most likely sell to you for a minimal price. Filtering can be done through review of documents (e.g. assessment, treasurer, tax rolls, and maps) and actual visits to the properties. Either approach can be taken first but document reviews is more efficient. Only visit the property to gather more information or validate findings of the document reviews.

Under document reviews, check the land value first. If the tax delinquent property is worth $20,000, automatically drop it from the list. Also drop the land that has huge tax liabilities. Also, check land uses and environmental elements to, further, filter your list. Drop lands even if they are cheap yet located near an industrial zone. If land is cheap but is flood prone, drop the property. Property should be, at least, be on a flat land, flood-free, far from the tornado, typhoon and quake lines, reserves and protected areas. More importantly, properties should not be brownfields, as classified in datatree.com or dataquick.com, or free from critical environmental concerns.

Visit the property though because information from maps, assessment, treasurer and tax rolls can possibly not be true or outdated. Owner of the $20,000-worth property might just sell it at $5,000. A flood-prone property might just not be flooded anymore after the state developed a sewerage system or repaired the drainage system. Least, the flood-prone land might just be flooded once in a year. A property on a hill might just have perfect geological characters (no erosions, not within fault lines, etc.).

These considerations are important because human settlement should foremost be in a safe location and not devastating to the environment like wildlife, forest and water reserves and natural parks.

Establishing the value of a property is an integral part of Tax Delinquent Property Investment. Oftentimes this action can be made easy because some counties in the United States have some kind of a ratio they apply to their assessment.

For instance, in Arizona, they have two-thirds ratio of the selling price of a property. If you have a house in this area and the county’s assessed value is $150,000 that is probably worth about $215,000. That is the thumb rule there. In Arkansas, the assessed value is approximately 10 percent of the true market value. If something is assessed at $10,000 at ten percent; it is really worth in the $100,000 ballpark, more or less.

This is very easily found by browsing or surfing around in the county webpage. There you will be able to see if the sale prices are published there. Often, in the assessor’s page you can see not only what the properties are assessed at, but also what it sold for last time it was in the market. Their records are usually updated for the activity of the properties for the last 20 years or so. If the records are older than 20 years then they probably won’t have it on there. But, if it sold in the last 10 years with the price of $20,000 then it is assessed at $13,000. Calculating it will let you know that it is two-thirds of the last price of the property.

The simplest way to know the value of a property is by calling the county. You may ask the assessor if they have such a ratio which they apply based on the market value to come to the assessor’s value. They will tell you. So, ask them for the rule of thumb or the thumb rule. In Tax Delinquent Investment, knowing the value of the properly will give you a general idea of how much you can offer a tax delinquent property owner for their property. The better your understanding of the property value, the better your chances of maximizing your profit potential in your investment.