A few days ago I showed you how to bid on
government owned houses at a tax auction.
One of our subscribers - Carolyn - responded with
a great question.
I'm paraphrasing, but it went like this:
"Should I bid on an auction house if I haven't seen
the inside of it?"
No.
You should not buy a house if you're not able to
see the inside.
(Only the most experienced investors should be
bidding on houses where they cannot see the inside
first.)
So what should you do if you want to see a property
before bidding on it?
Some of the properties will be occupied. If
occupied, then you won't be getting inside before
the auction.
Don't bother with the houses that are occupied.
Other houses will be vacant. In some areas,
the county will schedule a "showing" of each property
before an upcoming auction.
It is like an abbreviated open house - but without
any milk or cookies.
You might have about 15 minutes to walk around.
Bring your flashlight and camera so you can review
with a contractor afterward.
Your county's tax bureau or treasurer's website
should indicate if, and when these viewings are
scheduled.
Each county handles their auctions differently so
it is important to familiarize yourself with the local
rules before placing any bids.
Remember, the idea of buying a tax auction
property is to get it at a price where you have
immediate equity and plenty of room for any surprises
or mistakes. (I call this "screw up" insurance.)
Here are some more examples of tax auction houses:
Do you feel like you could fix and flip a tax
auction property?
Are you ready to go but feel like a step-by-step
plan of action is what you need?
If so, grab our Pro House Flipping DVD PackagePro House Flipping DVD Package. It
is a complete video guide that shows you each step
of the flipping process. Order by midnight and we will
pay your shipping.
flipping houses real estate investing forum real estate investing companies real estate investing 101 flipping real estate real estate market real estate short sales carlton sheets
Saturday, May 7, 2016
Great Flip Capital Rehab Group
This is why I get so excited about
real estate: deals like this one!
This is an extremely inexpensive
flip with big profit margins. The asking
price is just $3,000.
That is not an auction starting bid: that
is the actual asking price.
Let's take a look at this property:
real estate: deals like this one!
This is an extremely inexpensive
flip with big profit margins. The asking
price is just $3,000.
That is not an auction starting bid: that
is the actual asking price.
Let's take a look at this property:
Now for the exciting part: let's look
at the numbers:
Purchase Price: $3,000
Rehab costs: $30,000
ARV quick sale price: $59,000
Total profit: $26,000
This is the perfect type of flip for a
first time rehabber. The cost is low,
and the relative profits are high.
And best of all, if you get a Home
Depot credit card, you can float
most of the costs of your materials.
In other words, if you can come up
with the $3,000 purchase price,
you stand to make $26,000 in
profit.
Does this get you excited? I sure hope
it does!
If you want to flip a house just like this
one, grab your copy of the Capital
Rehab Group Pro House Flipping
Guide.
The videos will show you exactly how
to find amazing deals just like this one
near you.
Grab yours now:
https://www.capitalrehabgroup.com/order
Coach Dave
P.S. Order today and we will include free
shipping and email you a tracking number:
https://www.capitalrehabgroup.com/order
at the numbers:
Purchase Price: $3,000
Rehab costs: $30,000
ARV quick sale price: $59,000
Total profit: $26,000
This is the perfect type of flip for a
first time rehabber. The cost is low,
and the relative profits are high.
And best of all, if you get a Home
Depot credit card, you can float
most of the costs of your materials.
In other words, if you can come up
with the $3,000 purchase price,
you stand to make $26,000 in
profit.
Does this get you excited? I sure hope
it does!
If you want to flip a house just like this
one, grab your copy of the Capital
Rehab Group Pro House Flipping
Guide.
The videos will show you exactly how
to find amazing deals just like this one
near you.
Grab yours now:
https://www.capitalrehabgroup.com/order
Coach Dave
P.S. Order today and we will include free
shipping and email you a tracking number:
https://www.capitalrehabgroup.com/order
You can also call our offices and place your
order by phone: 844-240-2399
order by phone: 844-240-2399
Wednesday, May 4, 2016
Why do people get a second mortgage
- 1.to avoid paying PMI on their first mortgage
- 2.consolidate other higher interest debts into a single lower interest payments
- 3.creating a home equity line of credit (HELOC)
- 4.home repairsFree Mortgage Calculator & improvements
Wednesday, April 27, 2016
Friday, January 1, 2016
Monday, December 21, 2015
FOR SALE BY OWNER WEBSITES
The following list contains the web address of various FSBO websites. For
the most convenient use of this list, copy it into a separate file on your hard
drive. Once on line on the Internet, you can click on any of the sites to open
them up. (They will also load from the floppy disk, but it will be slower).
If they will not load automatically to your browser, you can highlight any
of the web addresses and click on "edit" then "copy". On your Internet
home page (make sure you are on line), highlight the web address already
there (ie: http://www.etc)
Then, paste the saved website into that box (Edit, paste or CTRL V). Hit
the enter key to open the website.
Some websites may not be relevant to your particular marketing area.
Others will contain a wealth of potential sellers who are advertising their
own home for sale. Most of these sites will give you details on the home
PLUS the seller's name and address.
The best part is your competition probably does not know
Monday, December 7, 2015
Subscribe to:
Posts (Atom)