Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

36
Posts
5
Votes
James Gilpin
  • Grand Rapids, MI
5
Votes |
36
Posts

Tax Delinquent Owners not motivated, why??

James Gilpin
  • Grand Rapids, MI
Posted
Hi All, I have a list of 48 property owners who are due to be foreclosed on June 30th. Rather than mailing them letter I went and hand posted them just as it is my first time marketing and wanted to get a feel for sellers. I was able to speak to 8 owners in person of which none of them seemed motivated. I explained I was looking to buy properties in the area for cash, as-is, no repairs, no commissions and no need to pay off delinquent taxes... the responses were 'not right now', 'I'm never selling' and 'I'm leaving this to my family once I go'. Most of the properties need to pay $5-$8k within 2 weeks of which (no disrespect) none of them looked like they had that cash lying around. SO... WHY ARE THEY NOT MOTIVATED AND HOW DO I GO ABOUT GETTING THE PROPERTIES? Any insight would be appreciated! Thanks!

Most Popular Reply

User Stats

1,374
Posts
913
Votes
Adrien C.
  • Property Manager
  • Griffith, IN
913
Votes |
1,374
Posts
Adrien C.
  • Property Manager
  • Griffith, IN
Replied

Couple of things- people have a front to them especially to someone they don't know. Put yourself in their shoes. Some random dude comes to their house and claims he's interested in buying houses in the neighborhood. Don't believe these people are naive. The majority know exactly what's happening in 2 weeks. So of course they put up a front and pretend nothing is wrong. I don't beat around the bush and I'd let them know why I was there. Sympathize with their difficult situation and explain how you can help if they want it. 

"Hi, I'm Adrien. You don't know me but I've been able to help a lot of families out here. This may or may not be a fit for you and either way is fine. I noticed your property was due to be foreclosed on because of back taxes on the 30th in 9 days. If you're not able to redeem it yourself and interested, I'm open to giving you a cash offer on your home which would pay off the taxes and put some money in your pocket before you lose the house. Is that something you'd like to get more info on?" 

  • Adrien C.
  • Loading replies...