Flipper · Mesa, AZ · Member since 2013 · 5 posts · 3 votes
Does anyone currently have a marketing strategy that they use to make this happen?
I've been wanting to see if there is anyone out there that is coming up with deals in this way.
For example: Tax payer owes 10k in Back taxes. they wind up on your mail list. and you work out a deal to pay their back taxes and give them some cash as well?
Any thoughts of experiences would be helpful, Thanks!
Here in Florida it's like shooting fish in a barrel, simply get the tax certificate list for your county and mail the people.
Tax Deed people is another story but you can easily get that list too and do the same thing, just have to be sure to do some Lien searches cause even if they only owe $10k in back taxes, there might be other crap on there that a tax deed sale would wipe out but a purchase from the owner won't.
Here in Florida it's like shooting fish in a barrel, simply get the tax certificate list for your county and mail the people.
Tax Deed people is another story but you can easily get that list too and do the same thing, just have to be sure to do some Lien searches cause even if they only owe $10k in back taxes, there might be other crap on there that a tax deed sale would wipe out but a purchase from the owner won't.
I've been looking into this too. Make sure to research the tax sale laws to see how long the redemption period is in your area (if it's a tax lien state). The closer to the redemption cut off, the more motivation there will be.
Keep us posted and good luck!
This is a tried and true method to find deals. Of course like most things it sounds easier than it is. If the property has a mortgage they still have to have enough equity to make it a deal. If the seller is in tax sale there may be other financial issues to deal with.
Thanks guys i'm really looking to learn much more about this topic. I feel like i'm just hitting the tip of the Iceberg but i'm wanting to get started on my Mail marketing within the next two months.
@David Sicherman Awesome David. Where do I get the lists from? Can I get them online or does it have to be in Person? I'm really going to try and go after Delinquencies and not so much Tax deed - Unless they are the same thing?
An ideal situation would be like a paid off home that was passed down to a family member, and that person neglected the taxes for a few years and was at risk of losing the home. We work out a deal to pay the back taxes and then the Seller make some money on the home as well. - I think the BiggerPockets Podcast show 39 talked about doing this with Vacant Land.
@Ned Carey Thanks for the input Ned. I'm hoping to find a situation where the property is free and clear(the reason they are behind on taxes) - and then maybe we can make it a Win/Win for the Distressed seller and Myself
@Harry Asnien Thanks for your feedback Harry. I think i'll be looking more at situations before they've been taken for delinquent taxes - Say maybe they are a month away from the property actually being Taken. Thanks for the well wishes!