Today I’m going to show you where to find houses to flip at bargain prices
The topics I’m going to cover are:
- Real Estate Flipping
- Buying Flipper Real Estate From the County
- How to Find Cheap Houses to Flip
- My ‘Buy Low, Sell Low’ Flipping Strategy
- How to Find Tax Delinquent Properties in Your Area
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 take advantage of this FREE Gift.
Real Estate Flipping
Real estate entrepreneurs are always searching for the next good deal. Those who consider themselves real estate flippers are looking for undervalued properties to buy or get into contract to sell quickly.
Renovators are looking for mediocre homes that they can make into mansion lookalikes for home owners that want an upgraded look.
Dozens of real estate foreclosure buyers are looking for fixers that they can make pretty for a quick resale. My point is that a lot of people are searching for used and abused real estate to sell, and I’m going to show you where to find houses to flip.
Buying Flipper Real Estate From the County
I’m Ted Thomas, and I’ve been involved in a subset of traditional real estate for the past 30 years. It’s called tax defaulted real estate. When I discovered that these properties were not all abandoned, wasteland, or junk, I never looked back.
Tax defaulted real estate includes houses, vacant residential buildable lots, small office buildings, and even small farms, and in all cases, the property owners have failed to pay property taxes.
The local county where you live is one of over 3,000 counties across the United States, and the county uses property tax revenue to pay its employees and maintain infrastructure. Delinquent property taxes are a problem for the county treasurer.
The laws are enforced at the local county by the board of supervisors or the county commissioners. These officials will demand that the treasurer levy and collect property tax. If the tax cannot be collected, the treasurer is authorized to seize the property then sell it to the highest bidder at a public auction. Anyone with money may attend and purchase.
Tax defaulted property has assessed values which are clearly disclosed. Observers and bidders are welcome to inspect the exterior of the tax defaulted properties.
I have a free gift for you that will show you how to profit with tax lien certificates and reveal the secrets of tax deed investing, and I’ll also include an auction list. Get it all now for FREE.
How to Find Cheap Houses to Flip
Now let’s talk about where to find houses to flip. What I’m about to share with you is a solution to purchase bargain real estate for pennies on the dollar. I’ve discovered what works so you won’t have to figure it out. This is the piece of the puzzle that baffles rehabbers, renovators, fixers, and other tax defaulted auction buyers.
The county only wants the revenue, so the treasurer will start the auction bidding usually at very close to the delinquent back taxes. Since the treasurer wants to encourage bidders, the bidding may begin at 20 or 30 cents on the dollar of the assessed value. Many auctions will sell property at 60%, 70%, or 80% below the tax assessed value.
Also, a big plus takes place when the auction is completed. The local treasurer will wipe out the mortgage or deed of trust loan as a result of the auction. This is the law.
Anyone with a little ambition and the right guidance can claim their share of the small fortune being generated in this market.
This system of purchasing for pennies on the dollar, can turn around your financial situation in no time because, as I will show you, I teach investors to buy low and then sell low quickly to generate revenue.
My ‘Buy Low, Sell Low’ Flipping Strategy
Tax defaulted real estate is sold for as low as the delinquent back taxes. Now that you know where to find houses to flip, what’s a quick way to flip them?
Many of my students follow a process which I call “buy low at the tax defaulted auction, and sell low to the public for fast cash.” It’s simple and it works because there are dozens of buyers for these used and abused properties.
Some buyers are real estate flippers. Many are people who fix properties, and some renovate the property. However, there is a large group of buyers who are eager to purchase real estate, but they’ve been rejected for loans by financial institutions because of low FICO scores. A low FICO score means poor credit.
How to Find Tax Delinquent Properties in Your Area
If you’re wondering where to find houses to flip, finding tax defaulted properties will not be an issue. All counties across the United States have tax defaulted real estate up for auction with starting bids of pennies on the dollar.
These auctions are announced on the county website and in the local newspaper.
If you’re buying real estate for 10, 20, or 30 cents on the dollar, and you’ve evaluated the property you’re purchasing and found it to have a large margin between the purchase price and your possible sales price, then tax delinquent property investing makes sense.
Conclusion
We hope you enjoyed Ted’s lesson, “Where to Find Houses to Flip.”
If you want to purchase real estate at bargain basement prices, then seriously consider tax delinquent property. At tax defaulted property auctions, real estate is sold mortgage-free for cents on the dollar.
You can find these auctions and lists of properties for sale on county websites and in local newspapers.
If you’d like to learn how to reap huge rewards from 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.
Get started today by taking advantage of this Free Gift from Ted. 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.
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