Is Jack Bosch just another phony?
AL · Member since 2010 · 519 posts · 29 votes
Is Jack Bosch just another phony?
Most Popular Reply
Lender · Greater LA/Orange County area, CA · Member since 2012 · 3k+ posts · 3k+ votes
13yThe 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.
33 Replies
- 13ySeth WilliamsPro MemberSpecialist · Grand Rapids, MI · Member since 2012 · 582 posts · 353 votes
Hey Antonio,
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.
Seth
- Lender · Greater LA/Orange County area, CA · Member since 2012 · 3k+ posts · 3k+ votes13y
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!
- Real Estate Investor · Audubon, PA · Member since 2009 · 13k+ posts · 8k+ votes13y
Rick Harmon - care to share an outline of some of the things this system instructs one to perform in order to acquire the target property? Thanks!
- Lender · Greater LA/Orange County area, CA · Member since 2012 · 3k+ posts · 3k+ votes13y
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.
- 13ySeth WilliamsPro MemberSpecialist · Grand Rapids, MI · Member since 2012 · 582 posts · 353 votes
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.
- Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes13y
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.
- Lender · Greater LA/Orange County area, CA · Member since 2012 · 3k+ posts · 3k+ votes13y
@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).
- Rocky Mount, NC · Member since 2014 · 1 post · 4 votes12y
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.
- Involved In Real Estate · Los Angeles, CA · Member since 2014 · 4 posts · 1 vote12y
Tell me about it Yvette I get so confused on the free advice Im thinking about Jack Bosch course also I saw a webinar and it sounds like it teaches you from buying Tax Lien buying from A-Z but I know from experience there is always a up sale or something you dont find out about until after you have spent your hard earned money.
- Saint Louis, MO · Member since 2012 · 16 posts · 17 votes11y
@Rick H. I'm curious, how much did you spend on marketing and how much out of pocket did you pay for those two properties before they went to tax sale? Also, any ancillary costs associated with researching the title and making sure there are no additional hidden liens you may be responsible for?
And making $62-63K profit per house (granted its CA) seems very lucrative, especially since you did not have to do anything to fix up or market or actively sell the properties. Why on *earth* did you stop working the tax sale system and move back to probates or whatever other RE niches you used to work in? On paper, this sounds like a really great, simple system that pays astronomical dividends given the initial time and investment. Is there some hidden catch or hidden risk you were uncomfortable with that ultimately made you shy away from this technique? Was there a lot of resistance or red tape from the tax assessor's office or whoever handles refunding the overages, or did a government agent start investigating you as potentially gaming the system? Because this technique does seem a little too good to be true...
- Lender · Greater LA/Orange County area, CA · Member since 2012 · 3k+ posts · 3k+ votes11y
I work a lot of systems (when I work). I admit that I had more tools available than most people, and certainly than the BP community. Frankly, I enjoy working a wide variety of deal types and I'd be bored only working tax deals.
I paid $1250 combined for two unbuildable vacant parcels with soil stability issues.
My marketing budget is private and my methods are proprietary. I market in niches that others would not understand nor know exist.
I think I spent $997 on Bosch's tax program and believe it a good value and delivered what promised. I do not know Jack however I think I was on Rick Dawson's mailing list (deedgrabber) and was solicited for the tax course.
- Saint Louis, MO · Member since 2015 · 8 posts · 1 vote11y
Originally posted by @Yvette Harris:
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.
I feel ur pain. Keep reading these guys post and join a Real Estate Assoc. in ur area.
- Real Estate Investor · Saint Augustine, FL · Member since 2014 · 5 posts · 3 votes11y
Here's my take. I'm a tech guy and very resourceful so JB doesn't impress me. Basically his formula is as follows: Find a person that is delinquent in paying his taxes, send him an offer for his land with a little cash bonus and transfer the deed.
If you're a real estate investor you should know how to find such a person, the information is public and easily attainable on the net.
The buying is easy, the sale is another story. I have yet to see a comprehensive real estate program that focuses on powerful online sales techniques and I don't mean buying some "buyer's list" then soliciting, no, I mean tried and true methods in selling real property.
- Wholesaler · Land O Lakes, FL · Member since 2015 · 2 posts · 1 vote11y
The tax deed sale will not show up as a foreclosure in your name because you technically did not assume the previous owner's debt.
All you are trying to do is to position yourself on title as property owner before the auction sale so that you're the rightful owner of the property before the tax deed sale. Only the owner of record or his/her legal representative is able to file a claim for the excess tax proceeds. That is assuming there were no outstanding liens at the time of the sale. Yes there is a pecking order and the owner is last in line to get paid.
If there are any liens and they are greater than the excess proceeds then you most likely just wasted your time and money. If they are smaller, there is a chance for you to collect. Doing so would require strategies outside the scope of this post. Hey, maybe I should be a self-proclaimed guru and start selling my knowledge....nah...lol.
- Denver, CO · Member since 2015 · 7 posts · 2 votes11y
Thanks for the reply, I didn't buy the course so I don't know all the in's and outs, but I'm just not sure how he gets people to give title to their property up ffor $50 or $100 dollars which is what his sales pitch says when I listened to his broadcast on this system....
- Investor · Jacksonville, FL · Member since 2015 · 504 posts · 217 votes9y
I am confused about how the surplus works. I went to an auction and there was a fabulous brick home in an affluent neighborhood for 23k starting bid. 2 men haggle each other to 166 k. The surplus is listed. Does that mean the successful 166k bidder gets the surplus back? Does it mean other people can apply for that surplus and upon what basis is surplus awarded?
- Minneapolis, MN · Member since 2013 · 13 posts · 0 votes9y
@Rick H. Thanks for all the insight & experienced professional advice. I also am seriously thinking of purchasing a program very similar to this one. It is Rick Dawson's Deedgrabber / Free & Clear Foreclosures. What is your opinion of this program compared to Jack Bosch's ? I also notice that Rick Dawson also has a course on Tax Sale Overages as well. Could you please let me know your professional opinion and insight on this program as well, they seem to have a live 3-day workshop that goes along with this one. Any and all insight is extremely appreciated.
- 9yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
@Carolyn Morales overages from a tax sale go to lien holders of record in order of when they were recorded... so if there is a first mortgage boom they get paid second mortgage boom they get paid.
if there is no debt on the home then homeowner gets ALL the overage starting bid is not necessarily the amount of tax owed.
and the owner has to make a claim for it.. check does not just arrive in the mail same with lien holders.
@Lyca Shan its quite easy to get people to sign over homes for those dollars .. these are generally war zone ghetto type properties.. I have teams that do this for me in the mid west. it works. but its a LOT of work and if your out of area or state pretty tough in reality.. but yes we get it done
- Minneapolis, MN · Member since 2013 · 13 posts · 0 votes9y
@Carolyn Morales , thanks for the info. That's realllly important to know, and totally makes sense. Do you know or heard of people being successful at this business ?
@Lyca Shan , This is also good to hear, as I am trying to decide the validity of these businesses, and their real world possibility of a successful & profitable outcomes. Can you please elaborate some more on your experiences, How did you learn this business ? Would love to hear. It is exciting to hear that someone is making it work, and being successful.
Thanks ladies, I really appreciate it a lot
- Lender · Greater LA/Orange County area, CA · Member since 2012 · 3k+ posts · 3k+ votes9y
I have Rick Dawson's course and I think it solid. I happen to know Rick (he's in Munster, IN) and met him back when Joe Kaiser was active and public.
Rick does lots of small deals and clearly has some smart niches.
Rick probably began following me because I've done so many deals over the decades and like to use surplus funds as another profit tool in my arsenal of methods. Surplus is his focus. I like making an extra.$50-100K per yea fining profit opportunities that others must past on.
My sausage factory strategy: use every part of the pig but the squeal.
- Wholesaler · Solano County, CA · Member since 2017 · 20 posts · 7 votes7y
Hello BP I'm reading through all the comments regarding Jack Bosch and thanks for everyone about your insight but i'm wondering about his latest course Land filliping/Investing? I recently attended his webinar about this Land investing, does anyone have experience about it or any comments? appreciate any comments about it. Thanks
- Broker · Phoenix, AZ · Member since 2015 · 151 posts · 55 votes7y
@Ariel I'm sitting at one of Jack Bosch's live all day seminar after the cash flow 2hr session and it sounds good, but all I want from his system is the marketing materials and how to choose the areas to work. Don't see that being worth the $1500 but your needs and milage might vary.
The topic seems solid and I'm seeing dozens of people signing up for his course and 3 day live event going in more depth on his system. It appears he does these around the country, not just here in Phoenix where he lives so might check his website if this is something you'd be interested in.
- 7yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Tim Winter:
@Ariel I'm sitting at one of Jack Bosch's live all day seminar after the cash flow 2hr session and it sounds good, but all I want from his system is the marketing materials and how to choose the areas to work. Don't see that being worth the $1500 but your needs and milage might vary.
The topic seems solid and I'm seeing dozens of people signing up for his course and 3 day live event going in more depth on his system. It appears he does these around the country, not just here in Phoenix where he lives so might check his website if this is something you'd be interested in.
I can give you the system right now for free.
1. follow tax sales.. write vacant land owners that have tax defaults.. Low ball the heck out of as many as you can.. usually just a postcard with your offer written on it..
2. once U have the properties in your name resell them on easy terms ..
this system is well over 100 years old.. there is no magic or nothing new its simply shot gun then low ball then resell.. that's the program
also if you look at the top of the thread 7 years ago he was selling how to do tax overages that most states have now really clamped down on.. now he is selling how to flip land.. its just soup de jour and good marketing. It would be a good question to see how much land he actually flips or how many overages he actually did.. most of these guys don't really do what they teach. there is simply too much money in teaching.
Join the conversationCreate a free account to reply, vote on answers and follow this thread.