What about the overage business? Is there any money trying to find money after the foreclosure and returning it to the person who lost their property?

If you can connect with a property owner that has just lost their property to tax deed sale, then you can definitely reach that same person before it goes to auction and that's far more profitable than trying to get a piece of an overage. Use that skill of being able to connect with such people BEFORE it goes to auction. @@CoffeewithJesusTalk

@@freedom_mentor thank you. I’ve been to your website. I’m not sure how to be a trainee. The book intro was so inspiring. My wife and i are retired educators. We also once ran our own private Christian school for 20 years in a church I founded. We helped a lot of families. Now we run a before/after care in OKC. At 58 and 63 we want more free time. We work from sun up till sundown. It’s hard to find employees. I would love to find something that will help me and my wife to retire in comfort, but enough to keep the ministry of kid care running.

We've had tremendous success in Oklahoma. There are several graduates of my Apprentice Program scattered across the state (these are people that have made more than $500,000 in net profits in this business as a result of my mentoring). Apply to be my Apprentice here: www.freedommentor.com/apprentice @@CoffeewithJesusTalk

what are the statute of limitations when you get one year behind in your property taxes well I h a d a manufacturer double-sided on a piece of property so I freaked out and called a realtor well he made me put 6 000 dollars into escrow for a date that I would have to move out well I w a s out in plenty of time he and his title lady never asked me so when did you move I took it upon myself to say hey I've been out wh r res my 6000 dollars well I never received it he stole my money and I want to sue him and to fi❤n❤d❤ out there w a s more property there th we y never told me a bout it and when I sign my life away my home was paid for but I only got 52,000 thousand dollars on my house I want my money back he made 125,000 off my property and he snuck in a purchase agreement on me while I was drinking I never was told what it was can someone help me im almost t homeless

Hi Fred have you been doing taxe lien and deed for nearly 40 years? and in which state.

Eh, it's okay. You sure you've been doing this 40 years? He acts like you have no choice but to risk getting stuck with bad property and lists it as a con. I've only been doing this two years and even I know how to not pick a 6 foot by 200 foot sliver of land.

@@justinclaycomb9618 This video raised more questions than answers. For example i thought that investors were buying the property not lending the money to the county for a couple of years. So is there a way to attain outright full ownership via tax liensales???

@@scrappydogfinance8434 I think some states have tax lien sales, and other states have tax deed sales. The latter you're actually buying the property.

@@scrappydogfinance8434 yes just go to a tax auction instead to buy like phil said to do. My friend did this with a pro and he bid on a property and won it a condo for only 20 000. Worth 40 000 no liens gud condition . needed to evict homeowner unfortunately. But it worked for him. I wldnt buy a condo a house is better.

I wonder what the look on her face is going to be like when she finds out you took her house 😂

Sounds like Jessie pinkman when he bought his parents house lol

@@bwilkesiii Why don’t you wiggle yourself on down to 400, and we have a deal?

😆

LMFAO

See 17:22

UMommy mwas morning k P you

UThank umk

@@kiararashea8429.

What site can I buy tax liens ??

In our area its 12% a day after 3 years its yours.

@@ToomersCorner where are you located?

CENTRAL Alabama

You are correct! Tax liens can redeem as long as 5 years... We just put out a webinar on the ins and outs of this strategy... check it out in your free time.

@@ToomersCorner You live near Birmingham? I have thought about investing in some liens around there.

Thanks!

You sound like my wife lol.

So after watching did you agree with him or not??

How is the progress??

What happened

What a great partner!

U dont hav ta put a new roof on land, dont hav ta mow the woods

@@patrickhunter882 no but you do need to do something profitable with it and have a way into and out of it without crossing someone else's property or crossing dangerous terrain

"Sold"??? Did you mean "Bought"???

+michael bailey Talk to an attorney who specializes in that.

What state are you in ? I'm trying to find the laws in my state . I'm in North Carolina

JET FPC in which state your father did it?

fill me in on some more pros

Thanks! Have you gone through our course? If not, check it out here: courses.freedommentor.com/

Thank you! Have you gone through this training yet? courses.freedommentor.com

Depends on the state some states the bank might try and auction it off after/before they pay back the lien but honestly only about 1% reach foreclosure s

How long does it take for you to own the property?

@@silverchariot9180 qtna

@@silverchariot9180 I think there's like a 2 year thing at least in NJ, where the lien holder can then go to court to take over the property, but you have to keep up with the taxes.NJ taxes are so high, I would not invest here. Plus millions of bankruptcies here. Which puts a pause,sometimes years,on the tax lien holders ability to foreclose.I am no expert but I guess that would mean having to pay those extra years of taxes above what you were expecting.i think it's 18% interest here. Sounds great but how do you get blood out of a rock? I mean, if the lot or house gets taken over by the city because the lien holder could not keep up with the extra taxes, how does that work? would you lose all the money you invested? I'm afraid I have more questions than answers.

@@pattiannepascual that's not how it works. You would either get your investment with interest or you would become owner of property

Get the started early! I like your style! -- We just posted a few webinars on tax liens... if you have some free time check it out (subscribe if you like the content)

Absolutely a great idea! Do this instead of pushing them into college

Good luck... My son ignores everything I introduce to him, but I still introduce it to him

@@KnowledgeSeeker78491 I was just about to ask how does he get a teenager to give a rats ass about "investments". Had some minor success with mine but i see im not the only one struggling lol

That's a long wait. I would argue that finding deals that you can act on immediately is a MUCH better model.

Marsha Klein tax deeds?

😂😃😂

😄

Came here for the same reason...

Thank you I was wondering about this. In Illinois they have 2.5 years redemption period, and I wondered if we had to pay every year's tax lien balance to be qualified for the deed redemption if ultimately the owner never pays.

@@SFMsjojohi Jono, not sure if you invested in the Illinois tax lien, I’m also from Illinois and interested in the Tax lien investment. I have some questions if you can help for the beginner like me. Thanks in advance.

would you have a listing but you don't have the addresses to the property. how do you go about getting it

Use the Tax Parcel ID to cross reference with the tax office to figure it out

Why don't you just explain the difference for us....

No.

You're welcome! Would you like to see us produce any other content ?

Not so fast. What if they don't redeem? What if you get stuck with the property? Sometimes getting stuck with a property is not a good situation.

I am going to make sure that it's property that I wouldn't mind being stuck and I'm only focusing on single family homes

Phil Pustejovsky Thanks for the information I look into it for Sacramento California.

@@benjaminwilliams2741 Hey how did you do in your tax lien investing? It’s been 8 years I wonder if it’s worth it?

It's called real estate investing

Because you never asked for it. They quieted title and you got nothing.

+Sam Priddy You don't understand the process. Once you are the winning bidder, after the statutory holding period (1 year for my county), you can foreclose and own the property. There is no auction after you hold the property.

+Banjo Ninja you are in one of the few counties that allow you to simply take the property in that manner. As I said I have researched this and spoken to many county clerks and real estate lawyers about tax liens and the process tends to be pretty much like this: step 1, you bid on the tax lien itself. step 2, you win the lien. 3, you notify the owner of the home that you hold a lien on their property due to taxes and they must pay you or you will foreclose on the property. 4, eventually over time if they do not pay you back your investment plus the interest you actually do foreclose. 5, after foreclosure the county will put the property up for auction and now if you want this house bad enough you have to bid on it again at this auction. and it's usually 2- 3 years not just after 1. You, my friend, find yourself in one of the very few counties that I have been searching for for several years. Where is this county? and are there any houses there that are worth it?

+Sam Priddy Wow, it seems like those counties really don't want to sell the properties. That would be a royal pain. I am in GA and it's that way all over the state from what I understand. I've heard FL is pretty good too for tax deeds. I've had some initial success buying a vacant land tax lien (got a $150k property for $7k) but the competition for the houses is pretty fierce so I've tried to find a niche. Every auction I've been to they bid up the prices to more than I'm willing to pay, which is typical for what I've seen at auctions. I can get deals like that buying REO without the hassle of dealing with a tax lien. From my experience so far, the real trick is finding the gems that everyone is ignoring and that's what I did with my first deal. Hopefully I can repeat in the future.

Hi i would like to get into real estate, I was a an agent back home in africa

Well spoken! The problem is that most lay people would never figure out how to find buyers of tax lien assignments nor be able to pull it off. So for the vast majority of people who will ever watch this, they are basically illiquid to them.

@@freedom_mentor hi ... once i purchase a tax lien, and i end up getting the property because the owner never paid. do i get a QUIT CLAIM DEED or A WARRANTY DEED?

Reach out to an attorney who handles these situations.

Lisa Kennedy I live in NOLA as well and purchased a tax sale certificate which is abandoned since Katrina. After doing more research on the redemption period expiration on "blighted" properties, I've discovered that there is a difference between a "recordation" of blight and a "declaration " of blight. The 18 month redemption period applies to declared blight which defaults the redemption period back to 3 years if the house is recorded and not declared. I was so pissed to find out that NOLA has so much red tape in the terms used. The homeowner or representative has paid the taxes due to the city to redeem and I am in the process of gathering receipts of all expenses beyond the taxes that I paid. Let me know how you made out and what steps or legal assistance you received. The city is set up for investors to profit, not the citizens who were born and raised in NOLA.

Explained in much more detail in this video: kzfaq.info/get/bejne/ipuJhZSrs56xoZc.html

Cameron Nafziger ask yourself, do you ever in you life met someone who needed to get out of a house they own for $10k? If you do let know because I have 10k under my mattress and I'd love to buy them out. That answer your question about where you find those people.

@@zskywalker23z what your address.under your mattress you say.😏😏😂

You're welcome!

They tend to have the same bidders as the foreclosure auctions so the prices are almost always bid up to the market amount. One hiccup with tax foreclosures is that oftentimes you have to pay a few thousand more, after the auction, for quiet title to obtain clear title.

Learn about it here: kzfaq.info/get/bejne/ipuJhZSrs56xoZc.html

Thank you so much! That means a lot to me and our team.

By paying the Seller for their Deed, you become the owner of the property and (or you get their Right of Redemption) and now you can do whatever you want with the property (sell it or rent it).