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Updated almost 6 years ago, 02/05/2019
Investing in Land - Tax Delinquency List
Hello BP World,
Just starting a forum to track my story about using a strategy i learned about from @Seth Williams.
Pretty much it is about using public information from county's around the US to gain access to the tax delinquency lists that County's provide. Using this information I will be contacting individuals with liens on their home that are NOT foreclosed yet, but instead using the foreclosure as leverage to buy the land cheap (5-10% of market value) from an individual. This strategy helps you (the investor, by getting land cheap) and it helps the owner of the land by geting out of a tax lien, protecting their credit, and they can make a few bucks in the process.
Right now I am working on Upstate NY leads, I currently have 136 leads that I will be sending out extremely personal mail too stand out. I am just waiting on return labels right now. But the way Seth Williams mentioned doing this was using a personalized post card. I think I want to go in a slightly different route to see how it works. Seth's ratio's were about a 5-10% response rate with a 1-.5% close rate I believe. I want to compare this to the strategy I will be using. My strategy will be to send extremely personal letters, with hand written envelops (just the shipping to address). I don't know about you guys but I have always opened a letter with a hand written address on it. This way, I know my mail will be opened by the individual.
The letters I am sending are extremely honest. I am simply stating why I am contacting them (using their personal name and property address) and why it can benefit them and I. I am also sending them a personal business card (which is with my return labels shipment) so they can hold onto my details and call or email at their best convenience.
I plan on sending all of my letters for my first 136 leads by December 15th. Waiting for the delivery of my package which should be here by the 8th. Then I want to hand write the shipping addresses.
Anyway, if I do get a lead that is interested in my offer (5-10% of market value) I will try to sell at full value and keep updating this post. Ask any questions you may have and correct me if I am wrong anywhere Seth!