Today I’m answering your question about how to flip properties, and the topics I’m going to cover are:
- An Alternative Way to Find Cheap Investment Property
- Is It Easy to Flip Property?
- How to Find Properties to Flip in Any Economy
- Where to Find Cheap Properties
- How to Buy and Sell Property for Profit
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.
An Alternative Way to Find Cheap Investment Property
I’m Ted Thomas, and I‘ve spent the last 30 years working in the arena called tax defaulted real estate. This is a subset, a very small part, of the traditional real estate market.
Traditional real estate is considered by most to be homes, vacant buildable lots, small farms, small apartment properties, and even small office buildings. Tax defaulted real estate is the same real estate, except the property owner has defaulted on paying the property tax.
The county is responsible for collecting property taxes from these property owners because the county uses property tax revenue to pay the school teachers, firefighters, police county employees, and many other bills.
The consequences of no collection of taxes means the county will have to confiscate the property or sell a tax lien certificate to get money.
Is It Easy to Flip Property?
Now let’s talk about how to flip properties.
Unlike what you might see on TV, buying and flipping properties is not as easy as it appears. However, I will show you how to have a competitive advantage and be able to get properties for just pennies on the dollar which you can resell, or as some people say, “flip” and make money. Just a few minutes to explain.
To be successful in flipping real estate, you need to spend your money wisely. You need to research and invest in undervalued real estate that you can either fix or resell for a profit.
In my business, I teach buyers to buy low and then resell low and do it fast. That’s an easy statement to make, but it works. Many buyers become bargain hunters, and they do so at the tax defaulted auctions.
How to Find Properties to Flip in Any Economy
I’ll show you how to flip properties in any economy. If the market conditions are soft and slow and interest rates high, everything slows down in real estate.
Needless to say, there are bargains because the easy-to-sell properties have already been sold, and the properties that may need minor or major repairs are sitting on the market.
Real estate has cycles and can be volatile. Many times the cycle can go up and back down again over 3-4 years. Other times, it takes 5-7 years. It’s never perfect, but what is perfect is tax defaulted real estate.
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.
Where to Find Cheap Properties
In all counties across the United States, properties are falling into tax default. These may be owners who passed away or people who just walked away.
In the traditional markets, those who consider themselves flippers are trying to buy at a low enough price so they can sell it to another person and the other entity will fix it up.
They’re constantly looking for properties where the after-repair value will be much higher than the purchase price. They want to buy and have a margin to resell. Flippers are constantly searching, but I’m about to tell you how to flip properties that you can purchase for pennies on the dollar.
The theory is to buy the property, find a person or entity that wants to fix it up and resell it quickly or as a bargain into the normal marketplace.
This business requires significant money. What do I mean by that? Desperate sellers who are willing to sell want cash. The theory is the flipper will purchase, resell quickly, and the new buyer will either fix or live in the property… or both.
How to Buy and Sell Property for Profit
Tax defaulted real estate is an almost hidden market, and it is a solution. This is how to flip properties with a large profit margin.
When I discovered this lucrative market, I was surprised to find large auctions and small auctions of properties seized by local governments.
All 3,000+ counties auction real estate for pennies on the dollar. The county either confiscates and resells the tax delinquent property or they sell a tax lien certificate.
To incentivize buyers, counties will start the bidding process for these confiscated properties at very close to the back taxes. Additionally, the treasurer will cancel, that is delete, the mortgage or deed of trust loan when the property is sold at auction.
If you could buy at 10 cents on the dollar and then resell for 60 cents on the dollar with no mortgage and no deed of trust to pay, how many properties would you buy at a tax-defaulted auction? Especially, if you knew you could sell them using eBay, Craigslist, the Multiple Listing Service (MLS), Zillow, and Trulia sitting at home on your computer.
We hope you enjoyed Ted’s lesson, “How to Flip Properties”
One of the keys to successfully flipping properties is to purchase at a price that leaves you with a large profit margin.
An excellent place to buy real estate is at a tax defaulted property auction, where property is sold mortgage-free for pennies one the dollar. Ask yourself, how would you feel if this learning material could help you earn $25,000 or even $50,000 more annually.
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.