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Frequently Asked Questions
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Additional Resources
How To Earn Extra Seed Money For Your Forever Cash Investments?
Jack has recorded a few video on some simple ways you can earn extra cash on the side that you can use to start the ball rolling towards your Forever Cash lifestyle.
Check them out here...
- http://www.forevercash.com/new-video-on-how-to-make-extra-money-from-home-outside-of-your-job/
- http://www.forevercash.com/video-2-how-to-make-more-money-drop-shipping-on-ebay/
- http://www.forevercash.com/video-3-how-to-make-more-money-becoming-a-bird-dog/
- http://www.forevercash.com/video-3-how-to-make-extra-money/
- http://www.forevercash.com/earn-one-time-temporary-and-forever-cash-by-promoting-popular-telecom-and-business-services/
- http://www.jackbosch.com/products/
What Can I do to learn more about investing in tax delinquent Properties?
You can sign up for my newsletter and receive FREE weekly educational emails about the different subjects in the area of tax delinquent properties. I also recommend you get my www.Landforpennies.com course that includes descriptions of the Tax Delinquent Property processes and focuses on highly effective but little known way of investing in Tax Delinquent Property worth Tens of thousands of dollars for literally as little as $100.00 to $500.00. If you are interested in investing in tax liens, I am currently writing a Detailed Investment Manual that is specific to tax lien investing. You can send an e-mail to jack@secretlandprofits.com to be notified when this Investment Manual is completed. In the meantime you can e-mail me your questions and I will be glad to answer them.
Buying Questions
How do I find a good area to invest in?
Great question, the best advice (and the way we ourselves find good areas) is to do some research online.
Start thinking backwards...
Meaning if you plan to sell the properties on Craigslist or eBay after you buy them then look on Craigslist and ebay now to see what area are selling, get the most activity (bids) and which areas do not.
Likewise if you are going to list the properties with a realtor then research on Truila.com or Realtor.com and look at recently sold properties.
What we have found is that it really doesn't matter what state you are in, but each state has pockets of activity where people are interested in buying land. If you go after those areas then 1) you know the market values and 2) you know when you buy a property at 5% to 10% of market value you will have a buyer quickly because you can list it at 90% or event 80% of market value and that discount will set you apart form other listings in that area.
One last note: You never want to go into an area that has no activity, the reason being is that it is a 50%/ 50% chance of being a "good area". On the flip side going into an area that has a ton of activity (like 100s of properties for sale) will also effect the speed of which you can sell. The trick is to find an area that has some activity where you can see that 4 to 20 properties (that meet Jack's criteria) are listed and you see a historic record of properties being sold in the last 3 months.
How do I know if I have a deal or not?
There are 3 main important factors to consider when determining if you have a deal or not...
- The market value of the property
- Any liens or obligations on the property
- Your profit and exit strategy
Watch this quick video to learn more about how to quickly determine if you have a deal or no deal...
How do know if a property is worth investing in?
There are several Steps in going from start to finish in the Tax Delinquent Property Investment Arena, depending on your Investing Goals and the Investing Channels you ultimately choose, all of which are meticulously described in my products (www.LandForPennies.com is already released, the other two www.TaxDeedSecrets.com and www.TaxLienManuals.com are coming soon), and in each of these strategies several of the steps consist of the different part of “doing your due diligence.” For example one that is part of all three methods is to drive by the property and see what it looks like. Another one is to do a preliminary title search.
You said you could show us how to buy tax Delinquent Land directly from the owner for pennies on the dollar. Why would they sell if the property is valuable?
There are hundreds of reasons why people stop paying their property taxes on perfectly good parcels and are willing to sell these parcels for just some nominal amount of money, fully well knowing that the buyer (you) will make a profit on them. One reason is that they have moved away and don’t want to deal with the hassle of a long distance sale. Another is that they have inherited the property and have no emotional affiliation to it. They have no interest in becoming landlords, don’t want to be responsible for the upkeep and just see the property they own as a burden. YOU are their solution!!
Sending Deeds for Recording
You should contact the county recorder's or clerk's department to inquire about additional documents needed when sending a deed for recording.
What is an abstractor?
An abstractor is a hired service that can research a property based on the criteria you select. Abstractors do not provide title insurance.
Hybrid Closing
You simply get a 3rd party involved, whether it is a bank, attorney, mail box ect. store. Somewhere there is a notary public or employee you can bring in as a neutral party to assist with closing the deal.
Closing
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
Who do you contact to get more information about the probate process?
You contact the Superior Court for that particular county.
Does probate need to be handled by an attorney?
In some cases yes. But in others no. You will need to research the probate laws in the county/state you are working in.
If a property needs probate, can you still buy it?
Yes, you simply contact the superior court in the county the property is located. Find out if there is a small/short probate process. If so, find out if you can do this without an attorney. If so, inquire what the process is.
What do you do when one of the owner's of record is deceased?
You need to determine if recording a death certificate is sufficient for removing them from title. If not, more than likely the property will need to go through probate.
If the owner is deceased can you still buy the property?
Yes, but most likely the property will need to go through probate.
Sending Deeds for Recording
You should contact the county recorder's or clerk's department to inquire about additional documents needed when sending a deed for recording.
How much does it cost to record a deed?
You should contact the county recorder's or clerk's department to inquire about the fees.
How do you know what documents to use?
Generally when transferring title of a property, you will need to use some form of a deed. Whether it's a Warranty Deed or Grant Deed.
Each state may use a different title for the standard deed they accept. You will need to contact the county recorder's department directly to ask what type of deed is used to transfer title.
Also inquire if there is anything else they require when recording the deed.
How do you find an abstractor?
You can simply do a search using Google.com or Yahoo.com and search for an abstractor in the county/state you are working in.
What is an abstractor?
An abstractor is a hired service that can research a property based on the criteria you select. Abstractors do not provide title insurance.
How long does it take to close through a title company?
The average time to close through a title company is 2-4 weeks. The closing can occur sooner in some cases.
How much are the fees when closing through a title company?
You will need to contact a title company and inquire to their fees. Each title company is different.
Do I have to close through a title company?
No, you do not have to close through a title company. Some options are having an abstracter research your property or if you have knowledge and training on how to research a property you can do this yourself.
How do I select a title company to use?
You can contact a few local title companies in the area where the property is located to get information on their rates and determine which title company will work for you.
How do I determine the close of escrow date on the sale agreement?
This is the date that you will want to have the transaction completed. As a rule of thumb, you may want to allow anywhere from 3-4 weeks (from acceptance date) to close. There will be cases when the closing can and will occur sooner, each case is different.
How do I determine the acceptance date on the sale agreement?
This is the date that you will allow for your offer to be received, reviewed and accepted by the seller. You should allow 7-10 days from the date the sale agreement is generated (i.e.. date at top of sale agreement).
What is the difference between a Warranty Deed and a Quit Claim Deed?
A Warranty Deed is where the grantor (seller) guarantees that he or she holds clear title to a property and has the right to sell the property. He also guarantee the clear title back to the property origins.
A Quit Claim deed is where the grantor (seller) is transferring his interest to someone (grantee). He is relinquishing his right and claim to the property, allowing the claim to transfer to the grantee.
How do I know what type of deed to use?
Generally a Warranty Deed is accepted in all states. You should contact the recorder/clerk's department in the county and ask them what type of deeds are accepted for title transfer.
Some states may require a different type of deed (i.e.. Grant Deed, Grant Bargain & Sale Deed, etc...).
Do you need a separate deed for each property you are purchasing?
You should have one deed per county. If you have multiple properties you are purchasing from one seller and they are all in the same county, you can have one deed listing all properties.
If you are buying properties from one seller were there are different counties, you will need a separate deed for each county.
Sale Agreement - Properties located in different areas
You should have one sale agreement per state. It does not matter if you have multiple properties in multiple counties as long as they are all located within the same state.
Hybrid Closing
You simply get a 3rd party involved, whether it is a bank, attorney, mail box ect. store. Somewhere there is a notary public or employee you can bring in as a neutral party to assist with closing the deal.
Closing the deal
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
How do I know if I have a deal or not?
There are 3 main important factors to consider when determining if you have a deal or not...
- The market value of the property
- Any liens or obligations on the property
- Your profit and exit strategy
Watch this quick video to learn more about how to quickly determine if you have a deal or no deal...
Forever Cash
How To Earn Extra Seed Money For Your Forever Cash Investments?
Jack has recorded a few video on some simple ways you can earn extra cash on the side that you can use to start the ball rolling towards your Forever Cash lifestyle.
Check them out here...
- http://www.forevercash.com/new-video-on-how-to-make-extra-money-from-home-outside-of-your-job/
- http://www.forevercash.com/video-2-how-to-make-more-money-drop-shipping-on-ebay/
- http://www.forevercash.com/video-3-how-to-make-more-money-becoming-a-bird-dog/
- http://www.forevercash.com/video-3-how-to-make-extra-money/
- http://www.forevercash.com/earn-one-time-temporary-and-forever-cash-by-promoting-popular-telecom-and-business-services/
- http://www.jackbosch.com/products/
Gold Program - Land For Pennies Gold (Membership Program)
How do I find a good area to invest in?
Great question, the best advice (and the way we ourselves find good areas) is to do some research online.
Start thinking backwards...
Meaning if you plan to sell the properties on Craigslist or eBay after you buy them then look on Craigslist and ebay now to see what area are selling, get the most activity (bids) and which areas do not.
Likewise if you are going to list the properties with a realtor then research on Truila.com or Realtor.com and look at recently sold properties.
What we have found is that it really doesn't matter what state you are in, but each state has pockets of activity where people are interested in buying land. If you go after those areas then 1) you know the market values and 2) you know when you buy a property at 5% to 10% of market value you will have a buyer quickly because you can list it at 90% or event 80% of market value and that discount will set you apart form other listings in that area.
One last note: You never want to go into an area that has no activity, the reason being is that it is a 50%/ 50% chance of being a "good area". On the flip side going into an area that has a ton of activity (like 100s of properties for sale) will also effect the speed of which you can sell. The trick is to find an area that has some activity where you can see that 4 to 20 properties (that meet Jack's criteria) are listed and you see a historic record of properties being sold in the last 3 months.
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
Can't Login to Jack Bosch University (members.JackBosch.com)
We have recently made an update to the login function of this site so if you are used to login in with a username please instead login with your email as your username. Your password has stayed the same, but your old username will no longer be accepted.
Posted: September 2012
How do know if a property is worth investing in?
There are several Steps in going from start to finish in the Tax Delinquent Property Investment Arena, depending on your Investing Goals and the Investing Channels you ultimately choose, all of which are meticulously described in my products (www.LandForPennies.com is already released, the other two www.TaxDeedSecrets.com and www.TaxLienManuals.com are coming soon), and in each of these strategies several of the steps consist of the different part of “doing your due diligence.” For example one that is part of all three methods is to drive by the property and see what it looks like. Another one is to do a preliminary title search.
How to Find stuff on JackBosch.com and your courses
What Can I do to learn more about investing in tax delinquent Properties?
You can sign up for my newsletter and receive FREE weekly educational emails about the different subjects in the area of tax delinquent properties. I also recommend you get my www.Landforpennies.com course that includes descriptions of the Tax Delinquent Property processes and focuses on highly effective but little known way of investing in Tax Delinquent Property worth Tens of thousands of dollars for literally as little as $100.00 to $500.00. If you are interested in investing in tax liens, I am currently writing a Detailed Investment Manual that is specific to tax lien investing. You can send an e-mail to jack@secretlandprofits.com to be notified when this Investment Manual is completed. In the meantime you can e-mail me your questions and I will be glad to answer them.
Land Profit Formula
How do I find a good area to invest in?
Great question, the best advice (and the way we ourselves find good areas) is to do some research online.
Start thinking backwards...
Meaning if you plan to sell the properties on Craigslist or eBay after you buy them then look on Craigslist and ebay now to see what area are selling, get the most activity (bids) and which areas do not.
Likewise if you are going to list the properties with a realtor then research on Truila.com or Realtor.com and look at recently sold properties.
What we have found is that it really doesn't matter what state you are in, but each state has pockets of activity where people are interested in buying land. If you go after those areas then 1) you know the market values and 2) you know when you buy a property at 5% to 10% of market value you will have a buyer quickly because you can list it at 90% or event 80% of market value and that discount will set you apart form other listings in that area.
One last note: You never want to go into an area that has no activity, the reason being is that it is a 50%/ 50% chance of being a "good area". On the flip side going into an area that has a ton of activity (like 100s of properties for sale) will also effect the speed of which you can sell. The trick is to find an area that has some activity where you can see that 4 to 20 properties (that meet Jack's criteria) are listed and you see a historic record of properties being sold in the last 3 months.
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
Can't Login to Jack Bosch University (members.JackBosch.com)
We have recently made an update to the login function of this site so if you are used to login in with a username please instead login with your email as your username. Your password has stayed the same, but your old username will no longer be accepted.
Posted: September 2012
How do I know if I have a deal or not?
There are 3 main important factors to consider when determining if you have a deal or not...
- The market value of the property
- Any liens or obligations on the property
- Your profit and exit strategy
Watch this quick video to learn more about how to quickly determine if you have a deal or no deal...
How can I schedule a Consultation call?
Simply send a message to us through www.JackBoschSupport.com and let us know that you would like to schedule a consultation call. Include your Name, Email and Phone number in the request so that we can look up your account.
How do know if a property is worth investing in?
There are several Steps in going from start to finish in the Tax Delinquent Property Investment Arena, depending on your Investing Goals and the Investing Channels you ultimately choose, all of which are meticulously described in my products (www.LandForPennies.com is already released, the other two www.TaxDeedSecrets.com and www.TaxLienManuals.com are coming soon), and in each of these strategies several of the steps consist of the different part of “doing your due diligence.” For example one that is part of all three methods is to drive by the property and see what it looks like. Another one is to do a preliminary title search.
You said you could show us how to buy tax Delinquent Land directly from the owner for pennies on the dollar. Why would they sell if the property is valuable?
There are hundreds of reasons why people stop paying their property taxes on perfectly good parcels and are willing to sell these parcels for just some nominal amount of money, fully well knowing that the buyer (you) will make a profit on them. One reason is that they have moved away and don’t want to deal with the hassle of a long distance sale. Another is that they have inherited the property and have no emotional affiliation to it. They have no interest in becoming landlords, don’t want to be responsible for the upkeep and just see the property they own as a burden. YOU are their solution!!
I can't find the address of the piece of land I am interested in.
Many pieces of land don't have addresses. An address is often only given once the land has been issued a building permit or once it is fully developed with city water, sewer... If it does have an address the county Assessor's website should have that information also.
Sending Deeds for Recording
You should contact the county recorder's or clerk's department to inquire about additional documents needed when sending a deed for recording.
Land Profit Generator
How do I find a good area to invest in?
Great question, the best advice (and the way we ourselves find good areas) is to do some research online.
Start thinking backwards...
Meaning if you plan to sell the properties on Craigslist or eBay after you buy them then look on Craigslist and ebay now to see what area are selling, get the most activity (bids) and which areas do not.
Likewise if you are going to list the properties with a realtor then research on Truila.com or Realtor.com and look at recently sold properties.
What we have found is that it really doesn't matter what state you are in, but each state has pockets of activity where people are interested in buying land. If you go after those areas then 1) you know the market values and 2) you know when you buy a property at 5% to 10% of market value you will have a buyer quickly because you can list it at 90% or event 80% of market value and that discount will set you apart form other listings in that area.
One last note: You never want to go into an area that has no activity, the reason being is that it is a 50%/ 50% chance of being a "good area". On the flip side going into an area that has a ton of activity (like 100s of properties for sale) will also effect the speed of which you can sell. The trick is to find an area that has some activity where you can see that 4 to 20 properties (that meet Jack's criteria) are listed and you see a historic record of properties being sold in the last 3 months.
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
Can't Login to Jack Bosch University (members.JackBosch.com)
We have recently made an update to the login function of this site so if you are used to login in with a username please instead login with your email as your username. Your password has stayed the same, but your old username will no longer be accepted.
Posted: September 2012
How To Sell your Property
Jack has a ton of selling techniques (both online and offline) thaw work in his Masses Of Buyers Course (which is also a part of his Land Profit Generator Course.
Here are a few important factors to keep in mind...
- Your offer
- Your Ad
- Your Exposure
How do I know if I have a deal or not?
There are 3 main important factors to consider when determining if you have a deal or not...
- The market value of the property
- Any liens or obligations on the property
- Your profit and exit strategy
Watch this quick video to learn more about how to quickly determine if you have a deal or no deal...
How can I schedule a Consultation call?
Simply send a message to us through www.JackBoschSupport.com and let us know that you would like to schedule a consultation call. Include your Name, Email and Phone number in the request so that we can look up your account.
How do know if a property is worth investing in?
There are several Steps in going from start to finish in the Tax Delinquent Property Investment Arena, depending on your Investing Goals and the Investing Channels you ultimately choose, all of which are meticulously described in my products (www.LandForPennies.com is already released, the other two www.TaxDeedSecrets.com and www.TaxLienManuals.com are coming soon), and in each of these strategies several of the steps consist of the different part of “doing your due diligence.” For example one that is part of all three methods is to drive by the property and see what it looks like. Another one is to do a preliminary title search.
You said you could show us how to buy tax Delinquent Land directly from the owner for pennies on the dollar. Why would they sell if the property is valuable?
There are hundreds of reasons why people stop paying their property taxes on perfectly good parcels and are willing to sell these parcels for just some nominal amount of money, fully well knowing that the buyer (you) will make a profit on them. One reason is that they have moved away and don’t want to deal with the hassle of a long distance sale. Another is that they have inherited the property and have no emotional affiliation to it. They have no interest in becoming landlords, don’t want to be responsible for the upkeep and just see the property they own as a burden. YOU are their solution!!
I can't find the address of the piece of land I am interested in.
Many pieces of land don't have addresses. An address is often only given once the land has been issued a building permit or once it is fully developed with city water, sewer... If it does have an address the county Assessor's website should have that information also.
Sending Deeds for Recording
You should contact the county recorder's or clerk's department to inquire about additional documents needed when sending a deed for recording.
Marketing to buy or sell
You said you could show us how to buy tax Delinquent Land directly from the owner for pennies on the dollar. Why would they sell if the property is valuable?
There are hundreds of reasons why people stop paying their property taxes on perfectly good parcels and are willing to sell these parcels for just some nominal amount of money, fully well knowing that the buyer (you) will make a profit on them. One reason is that they have moved away and don’t want to deal with the hassle of a long distance sale. Another is that they have inherited the property and have no emotional affiliation to it. They have no interest in becoming landlords, don’t want to be responsible for the upkeep and just see the property they own as a burden. YOU are their solution!!
Masses of Buyers
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
Can't Login to Jack Bosch University (members.JackBosch.com)
We have recently made an update to the login function of this site so if you are used to login in with a username please instead login with your email as your username. Your password has stayed the same, but your old username will no longer be accepted.
Posted: September 2012
How To Sell your Property
Jack has a ton of selling techniques (both online and offline) thaw work in his Masses Of Buyers Course (which is also a part of his Land Profit Generator Course.
Here are a few important factors to keep in mind...
- Your offer
- Your Ad
- Your Exposure
Quick Start Action Steps
How do I find a good area to invest in?
Great question, the best advice (and the way we ourselves find good areas) is to do some research online.
Start thinking backwards...
Meaning if you plan to sell the properties on Craigslist or eBay after you buy them then look on Craigslist and ebay now to see what area are selling, get the most activity (bids) and which areas do not.
Likewise if you are going to list the properties with a realtor then research on Truila.com or Realtor.com and look at recently sold properties.
What we have found is that it really doesn't matter what state you are in, but each state has pockets of activity where people are interested in buying land. If you go after those areas then 1) you know the market values and 2) you know when you buy a property at 5% to 10% of market value you will have a buyer quickly because you can list it at 90% or event 80% of market value and that discount will set you apart form other listings in that area.
One last note: You never want to go into an area that has no activity, the reason being is that it is a 50%/ 50% chance of being a "good area". On the flip side going into an area that has a ton of activity (like 100s of properties for sale) will also effect the speed of which you can sell. The trick is to find an area that has some activity where you can see that 4 to 20 properties (that meet Jack's criteria) are listed and you see a historic record of properties being sold in the last 3 months.
Why are some states missing from the State Quick Start Guides of the Hidden Tax Sale Cash course?
Because the Hidden Tax Sale Cash course only works in Tax Deed states. States where the county sells the actual deeds at auction not a lien. This accounts for about half of the US states.
To get a complete list of each state this technique works in please reference the HTSC State By State Overview document that is located under the Quick Start section of the Hidden Tax Sale Cash course.
Research
How do I find a good area to invest in?
Great question, the best advice (and the way we ourselves find good areas) is to do some research online.
Start thinking backwards...
Meaning if you plan to sell the properties on Craigslist or eBay after you buy them then look on Craigslist and ebay now to see what area are selling, get the most activity (bids) and which areas do not.
Likewise if you are going to list the properties with a realtor then research on Truila.com or Realtor.com and look at recently sold properties.
What we have found is that it really doesn't matter what state you are in, but each state has pockets of activity where people are interested in buying land. If you go after those areas then 1) you know the market values and 2) you know when you buy a property at 5% to 10% of market value you will have a buyer quickly because you can list it at 90% or event 80% of market value and that discount will set you apart form other listings in that area.
One last note: You never want to go into an area that has no activity, the reason being is that it is a 50%/ 50% chance of being a "good area". On the flip side going into an area that has a ton of activity (like 100s of properties for sale) will also effect the speed of which you can sell. The trick is to find an area that has some activity where you can see that 4 to 20 properties (that meet Jack's criteria) are listed and you see a historic record of properties being sold in the last 3 months.
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
How do I know if I have a deal or not?
There are 3 main important factors to consider when determining if you have a deal or not...
- The market value of the property
- Any liens or obligations on the property
- Your profit and exit strategy
Watch this quick video to learn more about how to quickly determine if you have a deal or no deal...
How do know if a property is worth investing in?
There are several Steps in going from start to finish in the Tax Delinquent Property Investment Arena, depending on your Investing Goals and the Investing Channels you ultimately choose, all of which are meticulously described in my products (www.LandForPennies.com is already released, the other two www.TaxDeedSecrets.com and www.TaxLienManuals.com are coming soon), and in each of these strategies several of the steps consist of the different part of “doing your due diligence.” For example one that is part of all three methods is to drive by the property and see what it looks like. Another one is to do a preliminary title search.
When going to a Tax Lien Sale, should I get a title company to run a Title search on the property or properties I want to bid on?
No, that is WAY too expensive and too early to do. Who knows if you are really going to be the winning bidder in the Tax Lien Auction? If you are not you would have wasted the money it cost to run the Title search. However you DO need to do a quick title search on the properties you are planning to invest in, but Instead of hiring someone to do that, you need to learn how to do that yourself. It is not difficult to learn and at this point it does not have to be a very thorough search. The same is true if you go to a Tax Deed Auction, only here the title search needs to be a little more thorough and include a few more steps.
I can't find the address of the piece of land I am interested in.
Many pieces of land don't have addresses. An address is often only given once the land has been issued a building permit or once it is fully developed with city water, sewer... If it does have an address the county Assessor's website should have that information also.
Can I do this course from out of the country?
Yes, typically all you need is a virtual mail box located in the US (like EarthClassMail.com) at US phone number or 1800 Number and also a virtual fax number.
Do you have a list of Jack's course that he offers?
Yes you can go to http://www.jackbosch.com/products/
How do you know if a property has any liens?
Generally liens are recorded with the county recorder. You can research this by going to the recording index of the county you are working in and research the property.
How do you know if a property has a mortgage?
Generally mortgages are recorded with the county recorder. You can research this by going to the recording index of the county you are working in and do a property search.
How do you know if a property has back taxes?
Most counties have where you can research taxes at the Treasurer's website. If not, call them directly and ask for the amount.
Researching Properties
You can research property by going to the county departments directly. You can also do further research on properties by subscribing to services such as LandAgentPro247.com, LexisNexis.com, DataQuick.com and DataTree.com.
Self Directed IRA Profits
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
Can't Login to Jack Bosch University (members.JackBosch.com)
We have recently made an update to the login function of this site so if you are used to login in with a username please instead login with your email as your username. Your password has stayed the same, but your old username will no longer be accepted.
Posted: September 2012
Selling Real Estate
How To Sell your Property
Jack has a ton of selling techniques (both online and offline) thaw work in his Masses Of Buyers Course (which is also a part of his Land Profit Generator Course.
Here are a few important factors to keep in mind...
- Your offer
- Your Ad
- Your Exposure
Selling one property when multiple properties are acquired on one deed.
Yes, you can sell just one property. When your deed is issued at the sale you would simply put the one legal description on the deed transferring title for that one property. Title will not transfer for the others until a sale takes place.
Tax Deed / Tax Lien Secrets
How do I find a good area to invest in?
Great question, the best advice (and the way we ourselves find good areas) is to do some research online.
Start thinking backwards...
Meaning if you plan to sell the properties on Craigslist or eBay after you buy them then look on Craigslist and ebay now to see what area are selling, get the most activity (bids) and which areas do not.
Likewise if you are going to list the properties with a realtor then research on Truila.com or Realtor.com and look at recently sold properties.
What we have found is that it really doesn't matter what state you are in, but each state has pockets of activity where people are interested in buying land. If you go after those areas then 1) you know the market values and 2) you know when you buy a property at 5% to 10% of market value you will have a buyer quickly because you can list it at 90% or event 80% of market value and that discount will set you apart form other listings in that area.
One last note: You never want to go into an area that has no activity, the reason being is that it is a 50%/ 50% chance of being a "good area". On the flip side going into an area that has a ton of activity (like 100s of properties for sale) will also effect the speed of which you can sell. The trick is to find an area that has some activity where you can see that 4 to 20 properties (that meet Jack's criteria) are listed and you see a historic record of properties being sold in the last 3 months.
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
Can't Login to Jack Bosch University (members.JackBosch.com)
We have recently made an update to the login function of this site so if you are used to login in with a username please instead login with your email as your username. Your password has stayed the same, but your old username will no longer be accepted.
Posted: September 2012
How long does it take if the investor in a Tax Lien Certificate can actually foreclose on the property?
Each state has different rules which change over time. But as an orientation usually the time frames are 2-5 years, again depending on the state. In Arizona the time frame is 3 years worth of Tax lien Certificates, which means since the auction in usually in Late January or early February and the next year’s taxes can be purchase as soon as June 1st, an investor has to wait less than 2.5 years. In Other states it is 2 years yet others require the investors to wait 5 years. Usually there is also a ceiling to the time you can wait to foreclose, in Arizona this is 10 years in other states it can be higher.
How do know if a property is worth investing in?
There are several Steps in going from start to finish in the Tax Delinquent Property Investment Arena, depending on your Investing Goals and the Investing Channels you ultimately choose, all of which are meticulously described in my products (www.LandForPennies.com is already released, the other two www.TaxDeedSecrets.com and www.TaxLienManuals.com are coming soon), and in each of these strategies several of the steps consist of the different part of “doing your due diligence.” For example one that is part of all three methods is to drive by the property and see what it looks like. Another one is to do a preliminary title search.
Why would anyone bid the interest in a Tax Lien Down or bid a premium for a Tax lien?
The main reason that some investors are willing to bid and accept a lower than maximum interest rate (in many cases even 0%), or that they are wiling to pay a premium above and beyond the actual Lien amount, is because they expect this property to have a high chance of NOT being Redeemed and actually going to Tax Foreclosure after the redemption period is over. Therefore, they are willing to get as little as 0% interest for on that invested amount, or increase the invested amount for a lower interest payment, in exchange for the chance to get the actual property. If they do get the property they then get a HIGH multiple on their investment. The other reason is that the winning bidder at a Tax Lien Sale, in most states has the first right to pay subsequent taxes and get the highest interest rates on these subsequent taxes. How EXACTLY to identify properties that have a LOW likelihood of being redeemed, is covered in my Step by Step manual called TaxLienManuals (soon accessible here and through www.TaxLienManuals.com).
At Tax lien Sales, sometimes people pay a “premium” or “bid the interest rates down”!!! What is all that about?
Yes, some states have different rules about Tax Lien Investing. I some the bidding is on the down payment and the bidding actually goes downwards from the Max. of let’s say 18% down to 0. In states that use the Premium system, the bidding is actually for the $$ amount of the Taxes owed and the bidding goes beyond the actual amount owed. The winning bidder then gets the highest interest amount on the Lien amount (but usually 0 interest on the premium).
Why would I want to buy a property that someone else is letting go for taxes, particularly if it is land outside of town and perhaps doesn’t even have utilities?
The short answer is “One man’s junk, is another man’s treasure.” What I mean by that is some people just don’t see what others see. They might see such a piece of land as worthless and they don’t want to (in their mind) throw “Good money after bad” But for someone else this same piece of land if their sanctuary, their place away from it all where they can relax, use their ATVs, feel FREE and in touch with nature and the are willing to pay a premium for this. Particularly since the internet has opened the world to you, selling such properties for full market value is as easy as counting to three and almost as fast.
When going to a Tax Lien Sale, should I get a title company to run a Title search on the property or properties I want to bid on?
No, that is WAY too expensive and too early to do. Who knows if you are really going to be the winning bidder in the Tax Lien Auction? If you are not you would have wasted the money it cost to run the Title search. However you DO need to do a quick title search on the properties you are planning to invest in, but Instead of hiring someone to do that, you need to learn how to do that yourself. It is not difficult to learn and at this point it does not have to be a very thorough search. The same is true if you go to a Tax Deed Auction, only here the title search needs to be a little more thorough and include a few more steps.
What happens if people don’t pay the property taxes on their land or home?
In the United States, if someone does not pay the property taxes on their property, the State through the counties has the right to ultimately take that property away. The Counties rely on that tax revenue for much of their infrastructure, like schools, firefighters, roads... So if you don’t pay they can get their money by either selling what is called a TAX LIEN CERTIFICATE to investors or by selling the property outright. Both usually happen in an auction. In a Tax Lien State, the state only sells the TAXES owed to investors in exchange for them getting a very substantial and attractive interest rate that can go as high as 18% and in some cases even 36%.
VA White Glove Service
County Departments Explained
Here is a brief overview of the different county departments and their functions...
Assessor (also called the Appraiser in some states)
- They are responsible for apprising the properties for tax purposes.
- They keep undated information about the property and owner. (But not tax information)
Treasurer (also called the Tax Collector in some states)
- They are responsible for collecting the taxes in the county
- They are also the department that manages the Tax Deed or Tax Lien auctions for delinquent property.
- They also are responsible for sending out late notices to owners who are late on their property taxes.
- They do not keep detailed property information only information that is related to them collecting taxes.
Recorder (also called the Clerk)
- Responsible for recording and maintaining deeds, liens, plat maps and any public documents relating to a property.
What is the web address of my DFY Buyers Site?
To get the web address of your buyers site...
- Login to the admin of your site by going to http://my.sellyourlandforcash.com/login.php
- Click on the 'Preview Site' tab.
- At the top of your browser you will see that the web address is. (Example: http://sellyourlandforcash.com/yourusername/home)
Please note: If you don't like the URL that has been assigned to you we recommend that you register a domain from a company like GoDaddy.com that use that domain to forward to the web address we provide to you.