Tax Delinquent List

[Ben Kennedy]

Hello, 

I am a college student looking to make my first real estate deal. I have obtained a list of property owners with delinquent taxes and the assessed value/the balance of taxes that they owe for a certain county. I want to market to these people and was looking for some advice. My plan as of now is to reach out and see if they are interested in selling and if they respond yes to do some due diligence and based on that offer to pay off their back taxes and offer a small amount in addition since the people will be losing their property very soon. What sort of things do I need to consider when doing these sorts of deals and what is the best and cheapest way to market to them effectively. The list specifically is of properties that the tax deed applications have already been started on but the people are still in control of as of now so they will be losing these properties very soon. Any and all advice is welcomed, thanks in advanced! 

[Joe Mclain]

You could go youtube a video on yellow letter and see a lot of examples of people doing what you want to do.  Since you will want to buy before the tax sale, you need to know about existing mortgages, liens, multiple years of back taxes, Federal IRS liens,  to name a few.   You will probably have a better hit rate if you market to out of state owners of this property.  Like @Rich Baer stated, be careful.   

PS>>you may want to start out with looking for vacant lots.  Seth Williams has a Bigger Pockets podcast on the topic and I really encourage you to listen to the podcast.  His web site has a lot of good resources to help you.

Best of luck

Joe