Has any one of you heard of Jack's Hidden Tax Sale Cash program? He explains the tax deed loophole where you can buy properties for $100 and make big profits doing nothing but collecting overages from the county after the tax auction is over. You may already know about this program. If not, just Google Hidden Tax Sale Cash.
Give it to me straight about this dude. Is everything that comes out of his mouth all fictional?
I was one of Jack's first students back in 2008 when he first released his "Land Profit Formula" course. While I haven't jumped into his new "hidden tax sale cash" line of business (because in my opinion, this particular system is a little over-hyped), I know that it is a legitimate way to make money in certain states.
All in all, Jack Bosch is the real deal. His systems work very, very well if you're persistent and stick to it. I've done 70+ deals using his system and have made tens of thousands along the way. I wouldn't hesitate for a second to recommend the guy.
Not sure if you ended up buying - but if so, let me know if you ever need help figuring out the details with this system.
They are all scam artists.
I think that @Dave C. May be over-broad in his opinion. Do you have any if Bosch's courses? There are lots of guru wannabies and b.s. artists, however there is some good material out there. When I was starting out, I had difficulty in discerning one from another, and got rather discouraged about how and where to find credible real estate educational material.
I've done pretty well with marketing niches and obscure systems and perfected many of them before some of these guys were born. I heard that Bosch was speaking some months ago at a real estate club that sometimes has a pitch-guy on stage, so I discounted Bosch's program. However, I somehow bit the bullet and purchased the Hidden Tax profit system mentioned. I'm impressed. It's very thorough, accurate as a to my state, CA, and well organized.
I have personally made over $125k profit on two tax surplus deals so I know it works. Up until now, ive never really focused on this technque, however I can show Mr. Nay-sayer the checks, if requested.
I've never met Jack Bosch, probably never will, but can say that that the course would be a good tool to add to an investor's toolbox. You still have to market, though. Sending out a couple of letters or postcards isn't going to make life-changing money.
My point is that there are a number of systems that work, however if you think that you're buying a treasure map, you will still need a shovel to dig with. The most important components that you don't get with these courses is a work habit and persistence.
I'm still working on that home study course: "Market when you're well, market when you're sick, market when you're hungry and even when you're not.". I think that's a tough sell, though!
@Rick H. - care to share an outline of some of the things this system instructs one to perform in order to acquire the target property? Thanks!
The primary objective of this particular system is not the acquisition of the real estate, per se, but to become the record title owner in order to apply for the surplus, referred to as excess proceeds in the post tax sale world.
I would not deprive BP members the privilege of investing $1,000 of their own money in order to learn, implement and perfect their own system, however here are the basics:
1. Create your own target list in the tax sale counties of your choice.
2. Use direct response (I.e., mail) campaigns to generate lead response
3. Acquire and record your interest on the cheap prior to scheduled tax sale
4. Allow tax sale to occur to 3rd party who bids higher than your purchase price + tax
5. Apply for the overbid (surplus)
I think the course has good value. It's a system, and like all systems, requires the buyer to show up and do something. It's not for everybody however those who know me understand that I have no problem calling out the b.s. artists out there, even referring to them by name, when appropriate.
In 1978 I started working foreclosure, did well, got bored, then began focusing on probate deals, then title defects and missing owner properties. There are an almost unlimited number of ways to make money in this business. I just happen to enjoy working a much wider array of niches than most others.
Jack's system is definitely legit - I'll stand behind his stuff all day long. I think a lot of people write him off because he can come across as "sales pitchy" - and while this can distract from his main objective, it doesn't take away from the fact that his program really does work.
It's easy to dismiss people who are selling programs (because many of them come with a lot more hype than is warranted), but I know there are systems out there that work as well - Jack's is one of them.
If you have money to burn through then buy all these Guru courses.
If you are a fledgling investor you need to keep your cash and try to gain info here with help from others to learn knowledge.
You can also go to a book store and also your local library to read up on the basics for free.
You just don't want to go for broke too soon paying someone for a system.
@Joel Owens - Wise and prudent advice for a guy as young as your picture suggests.
The original post queries the legitimacy of Bosch's program. Several, including myself, stepped forward and supported the proposition that there are legitimate merits to the program. Whether its worth a grand is really up to the prospective user.
When I started, I had to use credit cards for capital, although the mortgage interest rates of the day were pretty similar. Money was tight however I was hungry (eager) to be successful in real estate. Initial exposure was to some L.A. area TV real estate people:
Tony Hoffman, Wayne Phillips, Al Lowry. Some are dead, some in prison, some should have died...in prison. The problem is, 'Who are the legitimate trainers and who at full of crap?'
Yep, I wasted money with some. However, here's a short list of early educators that I learned a lot from: Ken Roberts & John Beck. Ken taught how to buy foreclosures from owners (equity deals) and John had the most interesting methods of making money from really different approaches (junior bene buyouts, foreclosure overages, perfecting title through quiet title, etc.).
John has about the most monotone speaking voice I've ever heard, but I've made more money from ideas originally developed from his defunct newsletter than most would believe that don't know me personally. Too bad he went off on the tax lien tangent in later years. He had a great name in the industry and still does in my own book.
In the last few years of his life, I go to know and follow Jack Miller. Jack was a real character and fun to listen to, as a raconteur. There are a few living legends around; Jay Decima, Peter Fortunato, John Schaub et al and I suggest that readers make a social point to hear them while they're still actively speaking (and breathing).
I'm also thinking about purchasing Jack's course but it's too expensive for me. I just don't have the funds at this time. The problem with the free advice is that I'm not sure what I'm getting advice about. It seems all over the place and I get confused.