Jeff Dube is a 20-year real estate investor from Jacksonville, Florida who has found success in diverse areas of real estate investing, specializing in rental properties but having extensive experience in many different aspects of real estate. Jeff has recently begun bidding at tax auctions in both Florida and Georgia, and his experiences as a relative newcomer can give you valuable insight into what to expect at your first few auctions.
What You Will Learn:
In the first half of the episode, Ted speaks with Bill Williams about a recent tax auction he attended in Florida. Bill discusses how there were around 10,000 tax lien certificates available at the auction. Bill shares how Florida holds almost all of its auctions entirely online, and he shares how Florida requires a 10% deposit based upon your maximum bid. Bill discusses how auctions in Florida work and explains why it isn’t necessary to visit the property in person in that state. Bill shares how he used tools provided by the company that conducts tax auctions in Florida to filter out interesting properties from the list of 10,000 available. Bill discusses how the auction was conducted in two-hour blocks. He provides details of a specific example from the previous year’s auction and how he received a 5% return in just 2 1/2 months on the property. Bill explains how a computer randomly selects a winner from all of the matching winning bids. Bill shares some of the key takeaways he learned at the auction. He shares the story of one of Ted’s students named Josie, who had a massive win at a tax auction in Texas that resulted in around a $30,000 profit in about nine months.
In the second half of the episode, Ted speaks with his special guest, Jeff Dube. Jeff is a skilled real estate investor with more than 20 years of experience primarily in rentals, though he has recently begun attending tax auctions. In this section of the episode, you will learn:
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