Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds

Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds

by Chip Cummings
Released October 2012
Publisher(s): Wiley
ISBN: 9781118356470

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Book description

Get the confidence and tools to take advantage of this growing method of investing

Tax liens sales and tax deed auctions, conducted by governmental agencies for delinquent taxes on real estate, are not new—they have been around for more than 200 years. But until recently, they remained a small niche market for investors. However, as more people become delinquent on their real estate taxes due to the increased foreclosure market, and local governments look for revenues wherever they can find them, this investing methodology has become increasingly popular - and it can be done from anywhere. Zero Risk Real Estate shows readers exactly what to look for, what to avoid, and how to get the biggest return with the smallest amount of risk.

  • Explains how to utilize the internet for research and investing from anywhere in the world!

  • Gives step-by-step advice on how to determine your investment objectives and where to find tax sale listings

  • Details how to take advantage of "over-the-counter" bargains and increase your returns

  • Shows what to do once you have your new tax certificate, and how to "cash in"

This is not a get-rich-quick infomercial approach—it is a real investing strategy that is expected to grow over the next several years as an appealing alternative to the stock market and other investments. Using real-life examples and case studies, this book walks you through the process step-by-step to make it easy for beginners, and shares advanced investing techniques for more experienced investors.

Table of contents

  1. Cover
  2. Contents
  3. Title
  4. Copyright
  5. Dedication
  6. Foreword
  7. Acknowledgments
  8. Introduction
  9. Downloadable Letters, Forms, and Scripts
  10. Demonstration Videos
  11. Chapter 1: Understanding Tax Liens and Deeds
    1. Real Estate and the Property Tax Process
    2. What Is a Tax Lien?
    3. What Is a Tax Deed?
    4. Understanding Redemption Periods
    5. What About the Real Estate Market Collapse?
    6. What Makes These Types of Investments Zero Risk?
  12. Chapter 2: Getting Started
    1. Selecting Your Location
    2. Finding Tax Sale Listings
    3. Filtering Your Data
    4. Evaluating Different Types of Properties
    5. Conducting Internet Property Research
    6. Recruiting Local Help
    7. 10 Rules for Qualifying Every Property
    8. Setting Your Bids
  13. Chapter 3: Going, Going, Gone!
    1. The First Auctions
    2. Types of Auctions
    3. Onsite Auction Tips
    4. Online Auctions—Bidding in Your Pajamas!
    5. Online Auction Strategies
    6. Cancelling Your Bid
    7. Over-The-Counter Bargains
    8. Paying for Your Winning Bid
  14. Chapter 4: Protecting Your Investment
    1. What To Do First
    2. Protecting Your Tax Lien Interest
    3. Protecting Your Tax Deed
    4. Insurance and Property Maintenance
    5. What To Do When Your Property Doesn’t Redeem
  15. Chapter 5: Taking Control of Your Property
    1. Do You Really Want To Own It?
    2. Understanding the Foreclosure Process
    3. The Costs of Foreclosure and Possession
    4. Adverse Possession
    5. Eminent Domain and Condemnation
    6. The Art of Eviction—or Not!
    7. Dealing with Former Owners
    8. Other Legal or Equitable Interest Holders
  16. Chapter 6: Avoiding and Eliminating Risk
    1. Risk Elimination
    2. The Risks of Illiquidity
    3. Managing the Property
  17. Chapter 7: Liquidation and Cashing In
    1. Creating an Exit Plan
    2. Hold and Rent Strategy
    3. Rapid Liquidation
    4. Creating Long-Term Wealth Using Installments
  18. Chapter 8: Advanced Strategies
    1. Using Traditional Funding
    2. Tapping into Private Money
    3. Corporate Investing
    4. Locating Investment Capital
    5. Investing Using Retirement Accounts
    6. Tax Strategies
    7. Unique Types of Property Deals
  19. Chapter 9: Tracking Your Investments
    1. Setting Up a Simple System
    2. Accruals and Yield Information
    3. Maintaining Contacts and Lien Lists
    4. Generating Reports
  20. Chapter 10: Taking Action
    1. What To Do Now!
    2. The Complete 13-Step Checklist
    3. Measuring Your Success
    4. Setting Goals and Evaluating Results
    5. Final Thoughts
  21. Appendix A: 101 Online Resources
  22. Appendix B: State Listings
  23. Glossary
  24. About the Author
  25. Index
  26. Free Bonus Forms and Videos

Product information

  • Title: Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds
  • Author(s): Chip Cummings
  • Release date: October 2012
  • Publisher(s): Wiley
  • ISBN: 9781118356470