Is Jack Bosch just another phony?

[Antonio Bodley]

Has any one of you heard of Jack's Hidden Tax Sale Cash program? He explains the tax deed loophole where you can buy properties for $100 and make big profits doing nothing but collecting overages from the county after the tax auction is over. You may already know about this program. If not, just Google Hidden Tax Sale Cash.

Give it to me straight about this dude. Is everything that comes out of his mouth all fictional?

[Rick H.]

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.