Involved In Real Estate · Houston, TX · Member since 2010 · 6 posts · 0 votes
I am new to the real estate investing world. For the past month I have "driven for dollars" one day out of the week and have had some success finding abandoned properties and their owners. My approach with them is simple, I tell them I passed by their house and ask if they are interested in doing something with their house.
I also have come across a list of owners who are behind on their property taxes. My question is, how do you guys approach these owners? Do call them and be straightforward and say you saw that they are behind on property taxes and are they interested in selling? Do I send a mailing before making a phone call? What is the best way to open a conversation with these owners?
Thanks,
Your best bet is to buy the delinquent property tax from the county. That is the investing in tax deeds/tax liens method. Once you own it, you are now a real position of power.
I advertise to delinquent tax owners. I will usually by the house for $1 subject 2 the back taxes. Then I will call up the co who holds the lein and work out a payment plan. The houses in the areas I buy go for 30k or less.
one more thing. I dont waste my time or gas driving around I just look on the county website and see who owes taxes and mail them a letter. If I get a response then I will go and look at the house. You would be surprised at how many houses owe taxes and are not abandoned. You would never know they owed taxes from how they looked.