Tax Sales in the Tampa Bay Area, Florida

[Jason Faucher]

Hey everyone. I lost my dad almost 2 years ago and my mother has never worked. When he passed she received 100K in life insurance money. She isn't real interested in doing flips so I mentioned to her about getting into Tax sales. We live in Spring Hill, Fl , but I really don't know a whole lot about it. She has had her money in the bank almost two years and not making anything on it. Do you guys think this would be a good direction or do you have other suggestions? Thanks for all the input.

[Michael Haynes]

@Jason Faucher, Hello, you are taking me back to my first cry for help when I was 17 and graduated from High School in California. I had $25,000 cash when I was 19 years old and I grew up in Palo Alto, the Center of now Silicon Valley. No one teaches the children, "How to make Money." My college counselor told me that Universities do no teach how to make money and I quit. We end up in this situation that you are describing, grasping at straws to find a way to earn some kind of Fixed Income from our savings. That is where all the Banksters are waiting to sell us Snake Oil Solutions. You are a Pro. Make a list of all the different ways that you know of for making money with Real Estate. Go do Google Searches online for each one using youtube in your Search description and look at all the free video lessons on each method. Try and understand that there is nothing that you can do that retains control of your Principal and gives you Daily, Weekly or Monthly Income as if it were a Money Market account, except Stock and Futures Trading. Fixed Income vehicles are all that the "Investment Advisors" have to Sell you and they know nothing on their own. They just regurgitate the crap that they learned from the stupid courses that they took to get a piece of paper on the wall. I hate to say this, but, John Verduzco will see what happens when the Markets hit the Wall again and literally Everything Loses Value as we enter the next Recession. When Obama won the Presidency, he instructed the Fed to loan at Zero Interest, billions of Dollars to Hedge Funds who came to the worst hit States and Buy up tens of thousands of properties in Foreclosure and Rent them to Stimulate the Economy. These Funds, like Black Rock, packaged those "solid performing, single family, Rentals" into Mortgage Backed Securities...the same kind that caused the Meltdown in 2008. They unloaded their Risk position to the unsuspecting Public, who Buys this crap, again Worldwide, thinking that the Monthly Income is Safe until the next Trigger that causes, the Worldwide downturn in all the Economies. Obama did the same thing with the Student Loan Bubble. He prints money to subsidize these Loans that have enslaved our younger generations and indoctrinates them with Liberal Education that produce zero JOB's in the real world. Have you noticed that everyone is driving a new BMW and Mercedes, financed at Zero Percent Interest, for up to six years? The Car companies are doing what the Japanese do when they "Pull" on the Market, instead of "Pushing." Toyota and Nissan sell you the car at cost and charge you high prices for repairs and parts just to keep the factory working. They can't lose their skilled workers and Ford said this week that they are completing their Billion with a "B" dollar factory in Mexico to fabricate their economy car that loses Money. Wake up America! This is not the place to talk about alternative income strategies, but, I saw a study this month that showed how good Corporate Bonds survived and produced income all during the Great Depression. You can do the youtube Search for that and run from there. You can look into a study of what Harry S. Dent does and he has three different portfolio managers that make good, safe, Monthly Income for Fixed Income Investors. You could join the PhilsGang.com Club and learn how to invest with his two methods. I studied with Phil ten years ago in Sarasota. His method of trading the S&P on a Daily basis is essentially what I do on a shorter time frame. Your a Pro in Spring Hill, Florida and here is the map of all the properties on Zillow.com

http://www.zillow.com/homes/for_sale/spring-hill-f...

It looks like every house in town is either For Sale or in Foreclosure. Surely you have the inside track to Buying Distressed houses to rent there, in or approximate to the downtown area to be in the Path of Progress? I was thinking of moving there, up on the hill in the Center as it is 10 degrees cooler at night compared to the sweltering Heat we suffer with here in Tampa. No Floods on the hill. I could retire there and just Farm the whole town and be close to my Rentals. In Louisiana if you didn't have the money for a trailer park, you could buy a big, old, house and just rent rooms to us guys in the Oil Patch. The guys on BP talk about "multi-family" homes to rent, but, there may not be a lot of those for the right price. All those big houses in the old, downtown area in St. Pete were just right to be Rooming Houses 30 years ago. You get a couple of those going with one trusted friend living in one of the rooms and managing the whole thing for you...Even if we are going to have Negative Appreciation for Buy and Hold Rentals for the next 10 Years, if you find a way to finance some really distressed properties there in town and have good Monthly Cash Flow and you manage them for your mother, you will make it work. Everyone on BP is looking for the Easy Money, but, Flipping houses is not Easy.