How to Get Out of The Rat Race: Where to Start
If you want to get out of the rat race, it starts with the right mindset. Working day in and day out at a job you don’t enjoy for less money than you’re worth can get discouraging – quickly.
Years ago, I read a book written by Victor Frankl. He was a citizen of Germany, a Jewish citizen during the Nazi era. He ended up in a Nazi concentration camp as a laborer with the intentions of the Nazi guards working him until he starved to death. Millions suffered this fate. Based on his faith, and his principles and his mindset, he survived. When I read this story, I was amazed.
Victor Frankl said the guards could control his every physical movement. But they couldn’t control his mindset. They couldn’t control his thoughts. Think about that. Only you can control your thoughts. Think about what you want. Constantly think about what you want. Victor Frankl knew and now you know, no one will be there to rescue you. Change your mindset. Your mind belongs to you. You can create your future. And here’s a way to do it.
How I Was Able to Get Out of The Rat Race
My discovery wasn’t something new to the business world. It was a subset of the traditional real estate business which most people consider houses, residential lots, small farms, small office buildings, but mostly homes. They also think about real estate agents, brokers and title companies. That’s the traditional business.
I was blind to my discovery for some reason. When I finally woke up and discovered tax liens and tax deeds, I was shocked and themore I investigated, the more excited I became.
It’s not difficult to understand. It works like this. Local governments which we call county governments and municipalities have employees like school teachers and fire fighters and a sheriff and police department. These employees must be paid.
To pay for these people, the state legislature which is the government body that runs the state, authorizes actually mandates that the local county supervisors or county commissioners to have a treasurer to levy property taxes to collect property taxes and if they cannot collect property taxes, the treasurer is authorized by the legislature to seize the delinquent property.
The treasurer confiscates the property and then evicts the tenant or owner and pushes them off the property and finally, the treasurer sells the property at a public auction which they announce on the county website and in the newspaper.
The treasurer sets the sale price to sell the property quickly. Tax assessor has assessed the property however, the treasurer will discount the sales price 60%, 70%, 80% below the tax value. They do that to facilitate a quick fast sale. The auction property will be sold to the highest bidder without a mortgage or a deed of trust loan.
The county treasurer is authorized by the state legislature to cancel the mortgage and the deed of trust loan. The auction purchaser receives a treasury deed to the property with no mortgage or deed of trust loan.
If you’d like to get started today, you can begin now at no cost by taking advantage of Ted’s FREE Master Class. It’s only about 1 hour of streaming video and will open your eyes to the incredible opportunities available in tax delinquent real estate investment.
How to Get Out of The Rat Race:
How Many Properties areAuctioned?
In all 3000+ counties across the United States, local governments will have dozens, sometimes hundreds although I’ve seen thousands of properties to auction every year. Some of the properties are junk. Don’t buy junk. Many are used and abused and will require some clean up and maybe some fix up. Large population counties will have hundreds of properties.
For example, a buildable residential lot in a nice subdivision may have a value of $50,000 according to the assessor. However, at the public auction, starting bid could only be 5 cents on the dollar. If you were the high bidder at 20 cents on the dollar, you would own a $50,000 lot for $10,000.
What would you do to cash out? Advertise on Craig’s list or eBay or Zillow. Contact a broker. Put it on the MLS system. Use Zillow or Trulia. Or put signs on the property. Here’s an example broken down:
- Tax assessed value $50,000
- Quick Sale Price $25,000
- Your investment $10,000
- Your profit: $15,000
Wow, $15,000 profit potential. Nice deal – low risk, high reward. For over 200 years the government locally has been selling tax defaulted real estate. You would forever get out of the rat race.
How to Get Out of The Rat Race:
How Can I Start Investing?
If you want to get out of the rat race, then I have a free gift for you, a 1-hour, streaming-video mini course that will teach you the secrets of one of the safest high yielding investments available and how to generate cash flow in real estate.
If you’ve decided it’s time to take charge of your financial future, then this Free Course is the best way to get yourself started on the road to success!