Saturday, May 7, 2016

More From Capital Retail Group You will learn so much

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.

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:





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:


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You can also call our offices and place your
order by phone: 844-240-2399

Wednesday, May 4, 2016

Why do people get a second mortgage