Today I’m answering your questions about buying a rental property, and the topics I’m going to cover are:
- A Whole New World of Real Estate Investing
- Save Money With Alternative Real Estate Investing
- The Best Cash Flow Real Estate
- Getting into the Tax Defaulted Property Business
Want to learn how to purchase bargain real estate? Would you like to buy mortgage-free property for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then you don’t want to miss this FREE Mini Course.
A Whole New World of Real Estate Investing
I’m about to introduce you to a whole new world of real estate. Rental real estate has been around for centuries. However, I’ll guide you through the process of saving thousands of dollars on the purchase price and show you methods to quickly rent or sell the property.
I’m not a real estate broker or an attorney at law. This is not about legal advice; it’s about an alternative to the standard traditional real estate education. This is a process to build cash flow and appreciation long-term or short-term.
This little-known real estate process has been available for over 200 years, and like all real estate investing, it will have benefits and challenges.
I’m Ted Thomas, and I’ve been involved as an investor, guide, and educator for more than 30 years in a subset of the traditional real estate business.
Traditional real estate includes homes, residential buildable lots, apartment buildings, farms, and commercial real estate, and thousands of people from home inspectors to handymen are employed in the real estate business.
I’ve been involved in a subset of the traditional real estate business called tax defaulted real estate. These are properties with an owner who has failed to pay property tax, and the local government has placed the property on a default list. The county will soon seize and confiscate the property.
Save Money With Alternative Real Estate Investing
Tax defaulted property investing is a money-saving alternative to the regular traditional way to acquire real estate. Buying a rental property at huge discounts will solve the cash flow problem very quickly.
Tax defaulted real estate is a huge business happening in all 3,000+ counties across the United States. These little-known auctions are conducted by local county governments, and the properties are sometimes sold for starting bids as low as the back delinquent taxes which could be 5 to 10 cents on the dollar.
I’m sure you’re wondering what is going on here. If you’re an investor who’s interested in buying a rental property for a bargain and desire cash flow, you can be assured I’m about to cover that.
This system works in all 50 states. The legislature of each state enacts rules that govern the state, and all 50 states have mandated that property owners must pay property tax.
In the event a property owner fails to pay property tax, the local board of supervisors or county commissioners are authorized by the state to seize the property and sell it at a public auction to the highest bidder.
The law allows the treasurer to cancel the mortgage or deed of trust loans and auction the property for pennies on the dollar.
I have a free gift for you, a special mini course that will show you how to profit with tax lien certificates and reveal the secrets of tax deed investing. Get your FREE gift today.
The Best Cash Flow Real Estate
The challenge of buying a rental property in the traditional market is that prices in the retail market are high.
Investors with a normal down payment of 20% and 80% loans find themselves in a negative cash flow position, and this assumes the retail buyer has a good FICO score. The situation creates a negative cash flow and that is a problem.
Here’s an example of how buying a rental property at a tax defaulted property auction solves the cash flow issue.
In a local county with only a small population just north of Tampa, Florida, my student investor only invested $9,100 at a tax defaulted auction. The property was a used and abused single-family home completely overgrown with small trees.
The tax assessor valued the property at $91,000. Using techniques he learned in our training, he checked more thoroughly and found other comparable values (comps) which estimated the market value at $150,000 or more.
My student sold the property to a tenant for $5,000 down with an option to buy for a purchase price at $150,000.
Ask yourself, would one deal like that a year make a difference in your life?
Getting into the Tax Defaulted Property Business
Don’t get me wrong, I’m not saying that buying and selling tax defaulted property is as easy as falling out of your chair. I can assure you that it’s a lot more exciting than most people will tell you, but it is work.
This can be a start-up business that you can do as a side hustle while working a full-time job. It requires a low commitment in time, but like every business, you get out of the business what you put into it.
I’m not a pessimist, but I’m not about to sugarcoat it either. The auctions will have used and abused properties. This way isn’t going to be glamorous or risk-free.
You need to think differently and control your own future and destiny. If you want to make big money, you will need to follow a specific system of some kind. There are many opportunities when your eyes are open.
We hope you enjoyed Ted’s lesson, “Buying a Rental Property: The Strategy That Will Save You Money”
The best way to solve your cash flow problems is buying a rental property mortgage-free for pennies on the dollar at a tax defaulted property auction.
If you’d like to know more about tax delinquent property investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
Learn how to reap huge rewards from tax lien and tax deed investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!
Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.