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