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Updated over 4 years ago on . Most recent reply
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Tax sale overages process
As a new investor certain areas of real estate are appealing; however, the aspect of low risk, no money down with unlimited opportunity for profit is the most sort after. We all know no area of real estate is completely free; however, the area I am referencing is Tax sale overages.
My questions pertains to the tax sale overage process:
1.) to my experienced investors can you share your story/ journey in the tax sale overage arena?
2.) once you have identified and located the individual through your respective marketing strategy, you convey to them that they are entitled money, then you draft up the legal documents to highlight your finder's fee, obtain the unearned cash and you take your fee and transaction complete.
A.)Is it really that simple?
B.)If so what is the maximum finder's fee you can receive?
C.) what about the tax lien holders, banks, etc.?
I look forward to your responses? Please advise.
Most Popular Reply
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- Real Estate Professional
- West Palm Beach, FL
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@Tyrone Harris @Tammy McBride I think k the fallacy of this system is that this company probably has multiple people working as “researchers” in your area, all going after the same leads. I also suspect the vast majority of this company’s income is in selling folks like you the system and Very little from actually collecting the surpluses for people.
One thing you guys need to realize, at least in my area, there are only one or two firms making any money at this, and it’s only part of what they do.
AND....those few people that are Acrually making any money at this are contacting the people owed a surplus THE DAY OF THE SALE, by email and cell phone. Once you find a “list” of people owed a surplus, YOU ALREADY WAY TOO LATE. I can assure you, the people selling you this program know this.