Freelancers and entrepreneurs have a tendency to look at the future through rose-colored glasses, which causes them to think success is just around the corner, and the results of their efforts will be enormous.
Wealth building is not easy. I don’t want to sugarcoat this lesson. Freelancers and entrepreneurial people and most newcomers envision disproportionately high results.
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Discovering a Hidden Real Estate Market
Today I’m answering your question about how to earn good money working from home. I’m going to reveal from my experience of over 30 years of entrepreneurship what I discovered about a subset of traditional real estate that for most people is almost hidden.
I will tell you that it’s lucrative, and it’s doable. However, it’s not glamorous, and it’s not a cookie cutter like franchising.
Hard Work and Persistence
To start with, dreamers expect a lot for doing a little. That’s not going to happen. If you become a freelancer from home or an entrepreneur, it will probably be a lot of work for little reward.
There are a ton of experts claiming that they will teach you how to earn good money working from home whether it’s real estate, YouTube, drop shipping or selling products on Amazon.
The big promise is always freedom from a boss. The challenge they don’t mention is you must stick with it for years.
Are you willing to work your day job for 3 – 5 years and spend nights and weekends building a business? If so, it’s time to get to work.
Remember: One Step at a Time
Small business is one small step up the stairway at a time.
I’ll outline the right approach for you to take. The learning curve can be rapid, and you can generate positive wealth building income.
Starting a new business, growing and making money is not easy. However, it’s worth it. Absolutely, it’s worth it. Let’s make sure that you can take care of your family on the way.
A Lucrative Part-Time Business
You’ll need a moderate amount of money to get started. Every business has a cost.
The business I’ll suggest has been available for 200 years, and it’s administered by the local government.
Entrepreneurs who take a minimum amount of training can be successful and earn $25,000 – $50,000 on one transaction. It’s not sexy, but it works part time.
Tax Lien and Tax Deed Investing
My name is Ted Thomas, and for 30 years, I’ve been an entrepreneur working from home. I discovered a little-known and highly lucrative subset of the traditional real estate business.
The Role of Property Taxes
It’s not difficult to understand, and it works like this. Local governments which we call county governments and municipalities have employees like school teachers and firefighters and police. These employees must be paid.
To pay for these people, the state legislature mandates that the treasurer collects property taxes.
Profiting From Unpaid Property Taxes
If they cannot collect property taxes, the treasurer is authorized by the legislature to seize the tax delinquent property.
The treasurer confiscates the property, evicts the tenant or owner, and finally, the treasurer sells the property at a public auction which is announced on the county website and in the newspaper.
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Bargain Real Estate Without a Mortgage
The treasurer sets the sale price to sell the property quickly and will discount the sales price to 60%, 70%, or 80% or more below the tax assessed value.
What I’ve just said is the county treasurer is going to auction real estate with starting prices sometimes as low as 10 cents or 20 cents on the dollar, and the 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 delete the mortgage or the deed of trust loan, so the auction purchaser receives a treasury deed to the property mortgage-free.
Tax Delinquent Property Auctions Nationwide
Today I’m discussing your question on how to earn good money working from home. If you understand what I’m saying, the treasurer of the county is auctioning properties for 10 and 20 cents on the dollar starting bid.
Since auctions are held online and offline, you can make money from home online from tax defaulted property investing.
In all 3000+ counties across the United States, local governments will have dozens, sometimes hundreds, and I’ve even seen thousands of properties up for auction every year. Large population counties will have hundreds of properties.
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.
Tax-Defaulted Property Investing: Case Study
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, the 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 Craigslist or eBay or Zillow. Contact a broker. Put it on the Multiple Listing Service system. Use Zillow or Trulia. Or put signs on the property.
Low Risk and High Reward
Here’s the example:
- Tax assessed value $50,000
- Quick Sale Price $25,000
- Your investment $10,000
Wow, a $15000 profit potential. A nice deal, low risk and high reward.
For over 200-years, the local governments have been selling tax defaulted real estate. As a tax delinquent property investor, you would never worry about having a boss.
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.
You can learn how to reap the huge rewards from tax lien and tax defaulted property 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!