Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds

Zero Risk Real Estate: Creating Wealth through Tax Liens and Tax Deeds......Page 7
Copyright......Page 8
Contents......Page 11
Foreword......Page 15
Acknowledgments......Page 17
Introduction......Page 19
Downloadable Letters, Forms, and Scripts......Page 21
 Important Disclosure Notice......Page 23
Chapter 1: Understanding Tax Liens and Deeds......Page 25
 Real Estate and the Property Tax Process......Page 28
 What Is a Tax Lien?......Page 30
 What Is a Tax Deed?......Page 33
 Understanding Redemption Periods......Page 35
 What About the Real Estate Market Collapse?......Page 36
 What Makes These Types of Investments Zero Risk?......Page 38
Chapter 2: Getting Started......Page 41
 Selecting Your Location......Page 44
  Estimated Annual Returns on a Tax Lien Certificate......Page 45
  County Website......Page 48
  Call or Visit the County Office......Page 49
  Check Local Newspapers......Page 50
  Auction Request Letters......Page 51
 Filtering Your Data......Page 56
 Evaluating Different Types of Properties......Page 57
  Residential......Page 58
  Commercial and Industrial......Page 62
  Unimproved Vacant Land......Page 63
  Special Use......Page 64
 Conducting Internet Property Research......Page 65
 Recruiting Local Help......Page 67
 Setting Your Bids......Page 70
Chapter 3: Going, Going, Gone!......Page 73
 The First Auctions......Page 75
 Types of Auctions......Page 76
  Bidding Down Ownership......Page 78
  Lottery or Rotational Bidding......Page 79
 Onsite Auction Tips......Page 80
 Online Auctions—Bidding in Your Pajamas!......Page 84
 Online Auction Strategies......Page 85
  Advantages and Disadvantages......Page 86
 Cancelling Your Bid......Page 87
 Over-The-Counter Bargains......Page 88
 Paying for Your Winning Bid......Page 89
Chapter 4: Protecting Your Investment......Page 91
 What To Do First......Page 93
  Record Certificate......Page 94
 Protecting Your Tax Lien Interest......Page 96
 Protecting Your Tax Deed......Page 97
 Insurance and Property Maintenance......Page 99
 What To Do When Your Property Doesn't Redeem......Page 100
Chapter 5: Taking Control of Your Property......Page 103
 Do You Really Want To Own It?......Page 105
 Understanding the Foreclosure Process......Page 107
 The Costs of Foreclosure and Possession......Page 110
 Adverse Possession......Page 111
 Eminent Domain and Condemnation......Page 112
 The Art of Eviction—or Not!......Page 113
 Dealing with Former Owners......Page 116
 Other Legal or Equitable Interest Holders......Page 118
Chapter 6: Avoiding and Eliminating Risk......Page 119
  Market Risk......Page 121
  Property Risk......Page 122
  Liquidity Risk......Page 123
  Price......Page 124
  IRS Liens......Page 125
  Mechanic's Liens......Page 126
 The Risks of Illiquidity......Page 127
 Managing the Property......Page 128
Chapter 7: Liquidation and Cashing In......Page 131
 Creating an Exit Plan......Page 133
  Tax Deed......Page 134
  Making Repairs......Page 135
  Dealing with Problem Tenants......Page 136
  Surviving Evictions......Page 137
  Keeping Your Property Safe......Page 138
  Paying Taxes......Page 139
 Rapid Liquidation......Page 140
 Creating Long-Term Wealth Using Installments......Page 141
  Zero Risk Liquidation Results......Page 142
  Rinse and Repeat......Page 143
Chapter 8: Advanced Strategies......Page 145
 Using Traditional Funding......Page 147
 Tapping into Private Money......Page 148
 Corporate Investing......Page 149
 Locating Investment Capital......Page 150
 Investing Using Retirement Accounts......Page 151
 Tax Strategies......Page 154
 Unique Types of Property Deals......Page 155
Chapter 9: Tracking Your Investments......Page 157
 Setting Up a Simple System......Page 159
 Accruals and Yield Information......Page 162
 Generating Reports......Page 163
Chapter 10: Taking Action......Page 167
  1. Decide Where to Invest......Page 169
  2. Decide How to Invest......Page 170
  4. Investment Strategy......Page 171
  7. Conduct the Research......Page 172
  9. Set Your Limit......Page 173
  12. Track Your Investment......Page 174
 Measuring Your Success......Page 175
 Final Thoughts......Page 176
Appendix A: 101 Online Resources......Page 179
Appendix B: State Listings......Page 185
Glossary......Page 189
About the Author......Page 203
Index......Page 205
Free Bonus Forms and Videos......Page 210