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    Monthly ArchiveAugust 2009



    Previous Posts Jack Bosch on 26 Aug 2009

    SIMS is sooo cool

    I know, I should have let you know about this when it was just released.

    I owe it to you to keep you up to date when something Truly Great comes up.
    But I snoozed and missed it.

    What am I talking about?

    Continue Reading »

    Previous Posts Jack Bosch on 26 Aug 2009

    The significance of tax delinquent letters

    When a property becomes delinquent, some homeowners are not aware that there are options available to them. That is the purpose why you are sending these letters to the owners of properties with delinquent taxes. In Tax Delinquent Investing, you have to learn to develop the right tone in writing correspondence so that you won’t scare the recipient when they receive it. In this case, you don’t want to freak out the delinquent property owner. The letter should be neutral and not intimidating. The letter should also be informative, telling the property owners that there are available options and that if they are interested on these options to contact you.

    Your source of information is the tax delinquent roll, which must not be older than three weeks, at most.

    Your letter may look like this: Continue Reading »

    Previous Posts Jack Bosch on 25 Aug 2009

    Looking For the Good Green

    Checking for brownfields or environmentally-critical areas is a must in filtering the list of tax delinquent properties. Filtering will direct you to the right property and prevent your from unnecessary inspection of all properties. www.datatree.com and www.dataquick.com could well provide you the list of brownfields, but the following quicklist could guide you verify online references during property tours:

    Here follows are the key areas to check: Continue Reading »

    Previous Posts Jack Bosch on 24 Aug 2009

    Bad Stocks, Good Delinquents

    Stock trading is a popular and aged portfolio investment. Blue chip stocks are the most profitable because big companies sell the shares. Stock revenues are dependent on the market performance of the companies, where investors buy their shares through stockbrokers. If you buy shares from Coca-Cola, your stock revenues are certainly high because the company has always been the leading soda drink producer. When you had invested in Enron, you probably had lost your wealth because the company crashed out from the stock trading after a financial controversy.

    Investors, stockbrokers and market analysts regularly watched these investment returns and risks because market performance is just too volatile. A single-day market change would either largely increase or decrease stock revenue margins. A mere dollar increase in oil would trim revenues to hundred. Worst market speculations alone would fright and most probably crash the some in the stock market. As investor, you spend more and pay stockbrokers and market analysts to forecast and analyze the market performance to mitigate revenue losses.

    Stock trading is rewarding, but requires volume of money to earn much. It is rewarding when you buy shares from stable and big companies, which often are expensive. Even if you buy shares from these companies, you still do not earn much if you only buy few expensive shares. Stock trading just requires more shares to earn more. Stocks are risky especially when they are not big companies. Moreover, they are risky because the market performance is just too uncertain. Though market analysts and stockbrokers are at work, market is just too volatile to predict.

    Tax delinquent property investment is opposite. It is low risk; you do not need much money to start with; you do not need market analysis; no need for financing; there is less competition; less market speculations; profits are easy; and the best thing is you still earn some profit even at worst-case scenario.

    Previous Posts Jack Bosch on 19 Aug 2009

    Maps

    Though basic maps can suffice in inspecting properties, technical maps are also useful to supplement the information of the basic maps and other documents

    Technical maps can range as follows:
    1. flood map;
    2. soil map;
    3. soil erosion map;
    4. topography map;
    5. land use map;

    Related to typhoon, tornado and earthquake maps, flood map plots critical environment areas because it shows the flood area. It will inform you if a property is flood-prone or not. It sometimes details frequency and intensity of the flood. If the property is within the flood area, drop the property from the list. Also, check the water sewerage or drainage map. A property might be flooded but quickly drained with the presence of good sewerage and/or drainage map. Soil map is likely an advance map but can be a basic document if you are planning to sell farmlands. Soil map informs you the type of soil that a property has. It sometimes details appropriate crops for each type of soil.

    Soil erosion map plots the area where heavy or slight erosions happen. Knowing it is essential in building houses and farms. A highly eroded property provides weaker house foundation or uncultivable farm. Topography map maps the terrain of the property and adjacent communities. It draws how flat or steep or hilly a property is. The closer the contour lines, the steeper.

    The land use map shows the different land uses of a community. It identifies the commercial, industrial, agricultural, residential, protected areas and other classifications. Commercial lands are often expensive. Industrial lands too are expensive and definitely prohibited from human settlements. Often, only the residential and agricultural areas are cheap and marketable.

    Most counties will post these maps on their websites or can fax you copies for a minimal fee.

    Previous Posts Jack Bosch on 18 Aug 2009

    Sorting A Tax List

    First you have to get hold of a Tax Roll List. Then you have to prepare a spreadsheet to find out which properties would qualify for a great Tax Lien investment. In a spreadsheet, you will need to gather the APN, contact information, use code, market value, the outstanding property taxes, and the base tax amount just to name a few of the information required for a great list.

    Your primary source of information would be the County Assessor’s Office. You can either go to their office and ask for a list of properties with delinquent property taxes or go their website. Most of the County Assessor’s offices have their own website which includes a lot of information valuable to Tax delinquent investors. From the counties website, you should able to find the require bits of information for each property.

    Expensive properties with small tax delinquent dues are more likely to be redeemed by the owner before the auction. However, the owner might not pay for high-priced properties with huge delinquent property taxes. So, you have to consider how much you are willing to invest. The less expensive properties with high delinquent property taxes have a good chance that the owners will not pay them and forego with the property. If you intend to obtain the actual property keep these properties in your final list as they are your best bet.

    In Tax Delinquent Investing a Tax Roll is helpful. Your objective when you sort a tax roll list is to find out which properties would be profitable and within your budget. You have to bear in mind that you are not the only investor. So, you have to prepare your figures ahead of the auction so that come auction day you know exactly what to do.

    Previous Posts Jack Bosch on 17 Aug 2009

    Honesty is still the best policy in Tax Delinquent Property Investment

    I can imagine that there are probably a few people that have deceived their sellers into selling their properties to them just shortly before the auction. There are people out there that basically lie to their sellers to make them sell the property to them. Very often these are the black sheep that are discrediting the Tax Delinquent Investment industry.

    I am asking you as starters in the Tax Delinquent Investment business, is that while you are in this industry, you should be completely frank and honest. This is valuable to what you are trying to do in this business. You should be proud of what you are doing. You have no reason to be afraid, and never be nervous. Just as long as you are confident that, although you are making a huge potential fortune, it doesn’t mean you are using someone else to get it. What you are doing also benefits them to a certain extent. You are lifting their burden of piling back taxes.

    What we are trying to find here are people who have given up on their property and will let it go for tax sale. You are willing to buy these properties faster and give them more money than they usually end up with otherwise. You bring this property back on the tax roll, pay the taxes, and sell it to somebody. Take it from the hands of somebody that is not happy with it. And quite often in the end you will receive a thank you letter from your sellers.

    Never, ever go and tell your sellers or the county office something that is not true. When you decide on selling properties on your own discretion always be honest about what it has with it. In the Tax Delinquent Investment business, it is always wise to tell the truth for it ill always set you free to the road of fortune.

    Previous Posts Jack Bosch on 14 Aug 2009

    I need your feedback…

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    O.k. I will make it short.

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    Previous Posts Jack Bosch on 11 Aug 2009

    DIGITS The importance of getting the number of the tax delinquent investment seller

    Establishing a trusting relationship has always been heightened with an effective style of communication. It is a basic component of a successful tax delinquent investment transaction. Without which, even the technical aspects that you learn here cannot be effectively delivered without a clear notion of that concept. Making or receiving a phone call is our means of communicating with the seller of the property in the Tax Delinquent Investment business. It is our way where we plea our interest and goals with concerns to the tax delinquent property. Understanding the importance of phoning is of no use unless we learn a few ways in which we can improve on in the tax delinquent investment industry.

    Being confidential with the personal datum we acquire about the tax delinquent and his property is very essential in promoting trust and establishing a good relationship with the seller. You should learn to treat everything as confidential and classified information for your own good and the seller’s privacy. You have to practice proper telephone etiquette and conscious with it. The importance of getting the direct phone number of the tax delinquent investment seller helps you contact the seller without passing through the red tape or gatekeepers. You go straight to him or her directly. Through your initiative in getting the seller’s digits, you just made your life easier. There may be instances where you need to contact the seller again to either make an offer once you’re ready or verify and confirm the information you have about the tax delinquent investment property so it’s good to have those digits handy. Once the seller gives you his or her mobile number, keep it as if it’s a gem. Never ever share it with anybody else, it is not for you to give out. He or she gave it to you because he or she trusts you and doesn’t want to be contacted by other people regardless of who they are. Another important thing is, you should not sell your leads to anyone. Consider your acquired contact leads information priceless.

    The digits of the seller are considered beyond price. You didn’t buy it, you asked for it and you really gave up blood, sweat and tear to get that. How much do you think your hard work is worth? So, put a high value on your efforts and the trust that was given to you. Once you have it, use it only to make valid phoning. No chit chatting or useless ringing. That is your key in closing a fabulous deal and a good fortune. In the tax delinquent investment business, the digits of the seller are as vital to any other contact information and property background you acquire. Use it your advantage but in discretion.

    Previous Posts Jack Bosch on 10 Aug 2009

    Tax Delinquent Investing

    First thing that you need when starting in tax delinquent investing is to pick a specific county to invest in and get a list of all tax delinquent property owners in the county and of all the properties that are currently delinquent on property taxes.

    What to do: Get a list of all properties that are currently tax delinquent.
    Where to get the list: Ask the treasurer’s office or the tax collector office in your county.

    Take special note of where the owners reside. Out of state owners are less likely to redeem their property. While owners that live in close proximity to the tax delinquent parcel are more likely to sell the property before the tax sale.

    You can pretty much assume that you can make a better deal with the out of state owner than the one that lives in the area. They are less likely to have a connection with the delinquent property and more likely just to let it go. It is much simpler just to have somebody else take that burden off of them than to have a think about it and taking care of it themselves. What you are offering them is more important than money; you are offering to take away having to worry about a property they don’t really care about. You are offering peace of mind. That is worth more and will result to a more positive outcome for a tax delinquent investor such as you.

    Whether the property owner lives out of state or just around the corner, a tax delinquent investor must know how to communicate with this person. One sure way of starting this communication line is through a well-written letter. It is your way of expressing your interest and intent with their tax delinquent property. You want to be direct and straightforward with them without being invasive. There are standard letters I know works, but in time, you will develop your own style that works for you.

    So, from the county treasurer, to the assessor’s office to the actual property owner, communication is key. Knowing how to communicate with each of the parties involved can build or halt your tax delinquent investing career. With each transaction the buying and selling process of tax delinquent land investing will go faster and smoother, and will that comes great success!

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