19 Mar Buying Property for $100.00 Free and Clear
Have you ever heard these infomercials advertising that you can buy properties worth tens of thousands of dollars for as little as $100?
The difference between you and me is that you probably did not believe these claims and I did.
So back in 1999 I bought one of these manuals on how to buy Tax Delinquent Properties for as little as $100.00 and guess what, it did not really work but it also did kind of work. So I stuck to it and changed it, improved it and made it better year after year until finally in 2002 I figured out all the missing pieces and had a system that works like a charm and allows anyone to buy properties for as little as $100.00.
Since 2002 I have now personally done over 5000 Real Estate Trasnactions. I have literally bought and sold, not as an agent for other people, but as a principal in each transaction over 5,000 properties and made money consistently in good markets, great markets and in bad markets.
So how does it work. Well back then I was told to send people who own properties a letter just asking them if they would give the property to me for a token payment of let’s say $50.00. You can imagine how well that worked. Of course it did not or almost not work.
However, as I said above, I also kind of worked. I realized that most people who did respond to my letter had one thing in common. They owed property taxes and had decided to let their property go for taxes.
Hmmmm, I thought, so what if I could find these people in masses, and target my letters to them and offer them a little more than $50.00 but not much more? And that is what I set out to do.
Now I have a simple step by step system which allows you to massively increase the odds that one of the people you identify as a target for a mailing campaign is in deed one of the Fed-up Long time property owners who have decided to let their property go for taxes.
Now it is not a crap shoot anymore, but instead a targeted business where I know that if I send X letters I will get Y responses and chances are I will buy Z number of properties. It’s a simple numbers game. And the best is that my system does not require cold calls, or any kind of “sales” technique. No, the property owner actually calls you and you then make an offer in writing without even talking to the seller again. So if he likes the offer, great he will accept, if not he will toss it out but you don’t have to face the uncomfortable situation of having to negotiate with sellers.
So I am here to tell you that buying properties for as little as $100.00 is very possible, you just need to have the right system in place and need to have a targeted approach and not just some vague idea of how to do this.
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