08 Sep Land Focus
When you are a Tax Delinquent Investor, search for a good piece of land rather then trying to find that single family house with at front yard and a white picket fence. Land is for the most part the neglected child of real estate; however there are thousands of highly profitable deals on land each day right in your County. I strongly suggest finding an area in the outskirts of a metropolitan city to focus on. There are thousands of people that want to buy a property that is surrounded by greeneries and fresh air away from the hustle and bustle. If the property is amidst nature with tons of vegetation where they could build a cabin or just have a place to go walk and chill. Maybe even a place to park their RV. Wherever it is that they can spend some leisure time away from the smoggy city. This kind of area can be really affordable and because of the space availability, there is usually a wide selection of affordable smaller parcels of land available, with affordable prices. Typically you can net $3,000, $5,000, $10,000, or $15,000 per deal just by focusing on these types of real estate transactions.
When it comes to tax deed or tax lien investing, another great feature of investing in rural land is that it can give you a better interest rate or price for your property, which of course is always a wonderful thing. Basically, the county auction competition is considerable lower then the more developed counties, and although the downtown properties can sold at a higher price, the outskirts can get you just as much profit if you deal in volume.
With rural land you are buying and selling an open slate and limitless possibilities. There is less that you need to inspect. No need to worry about termites or old roofs or sewer problems. A house may be an attractive investment, but when upon closer inspection you can find a myriad of things that can go wrong. For that piece of land in the outskirts of the Metro, that piece of land is less hassle, less detailed inspections to be performed, more flexibility, less out of pocket cost and in turn more for your money. It holds a solid foundation to your Tax Delinquent Investment portfolio.
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