If you’ve been paying attention, you’ve come to the quite correct conclusion that investing in real estate is one of the best things you can do to build a secure future. You’ve probably done a lot of research into the topic, and perhaps you’ve run across the term “deedgrabber” or “deedgrabbing.” I’m guessing if you have, it’s only been once or twice. Deed grabbing isn’t a very widely known real estate investing system. And since there are so few deed grabbers out there, that makes it a great one.
Watching newbies invest in real estate is always an amusing thing for me. I say that in the fondest way possible, of course. They usually start with rehabbing or flipping a property, move on to trying to buy properties in mortgage foreclosue, and after that delve into a very competitive niche- taxlien investing, or purchasing tax liens against tax delinquent property at tax sale. Or in some states where they don’t offer tax liens, you can actually bid on the deed to the propery, and in many cases, take ownership immediately.
That last part sounds great- unfortunately, making any big money this way is becoming a very rare thing. If you’re looking to acquire property, tax liens are not the way to go. You have to hold liens for years, sometimes, before the point where you can apply for ownership, and more often than not, your lien will get paid off long before you get to that point. In the right states, you can make some nice interest on your money in those cases, but that’s about it. The competition is so fierce that by the time everyone’s done bidding, most properties are bid up near retail value anyway- so there’s not much money to be made there.
Buying tax deeds at tax sale poses a similar problem- all the ones you’d want to buy are being bid up by other people just like you who want to buy cheap property. The end result? Deeds for near retail value. The investment of time and cash is just too much for the small amounts of money to be made here.
Deed grabbers take the back road to making BIG money off of tax delinquent property- you’ll never find them at tax deed sales or tax lien auctions. You’ll find them searching for who the owners of these tax sale properties are, and making every effort to contact them as the sale approaches. Oftentimes, these are absentee owners who aren’t even aware their property is about to be lost. And many times, they are owners who have simply gotten tired of being property owners and are about to let the property go rather than bail it out. Either way, the end result is the same: deedgrabbers are finding owners that are highly motivated to sell, and at an extremely cheap price. Best of all? Properties this close to the tax sale or tax lien redemption deadline are almost always free and clear. Yep, you read that right. The equity in these places is through the roof, and the owners are dying to sell. That’s the deedgrabber formula for profits.
Want to learn the secrets of deedgrabbing? Go to deedgrabber.info.
Olliver Kennedy is a successful entrepreneur and real estate expert.
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