Tax Overages Questions
So I see Tax Overages are starting to get popular again. Has anyone had any real success in being a tax overage finder. I see list all the time but Im not sure how to properly do this. Is there anybody out there who can tell me the ins and outs also the pros and cons of tax overages?
Most Popular Reply
It is really an interesting business and doable if you have the time and understand each State and County's rules. There are a lot of Gurus out there to buy from and loads of info on the net.
Do all the free stuff first and see if it is a fits you.
I buy Discounted Mortgage Notes and use the information I've gotten from a Guru to see if there is an overage that I can nab. If I buy a note with a substantial overage as a lender I am entitled to collect it before the borrower. I lose the asset but gain the overage. "IF" the overage is at a good ROI I'll use it as my Exit Strategy. I've done 2
GC