You might want to work on your message and how you interact with people. If you truly don't want it to be about you and you want to stay on topic you could try being a lot less combative, insulting and disrespectful. You can be played and triggered easily and people see that. I could have simply responded that I don't believe you and you are full of it and you would have spent 20 mins responding with lots of screen shots and insults.
No!
You need to realize I don't sugarcoat things. It is not my fault that you are wrong, and that you can't handle being told you are wrong.
Stop whining man. Don't like my posts, don't read them!
@Jerryll Noorden How much is your class?
https://www.seoforrealestateinvestors.com/about-us/
Hey, he's got 14 reviews, all posted exactly 6 months ago. I'm convinced...where do I sign up?
If you say so !
Why don't you ask all these carrot owners how many leads THEY get a day. Ask them.
Why don't YOU get a carrot site then if that is the reason for my success?
why? Can't answer can you.
And if you have a carrot site, where do you rank? How many leads are you getting?
Great.. now SHOW ME!
You can't can you..
Didn't think so!
You people can't stand seeing someone else succeed. You rather believe he is a liar or scammer instead of acknowledging their success, skills, and strategies.
That is what you use right? carrot. And you make and optimize your own landing pages, correct ? Congrats you cracked the internet.
@Jerryll Noorden How much is your class?
https://www.seoforrealestateinvestors.com/about-us/
Hey, he's got 14 reviews, all posted exactly 6 months ago. I'm convinced...where do I sign up?
You might want to work on your message and how you interact with people. If you truly don't want it to be about you and you want to stay on topic you could try being a lot less combative, insulting and disrespectful. You can be played and triggered easily and people see that. I could have simply responded that I don't believe you and you are full of it and you would have spent 20 mins responding with lots of screen shots and insults.
I was looking into tax liens and even tax overages a number of years ago. One thing that worries me right now is the possibility of NYC to abolish tax sales. If that succeeds, more states would probably soon follow. (Ultimately what pushed me into note investing as well)
Before diving deep into it, the landscape could be changing quite a bit in the near future. It's already a competitive field, that may get even tighter.
Not abolish property taxes, that would be insane. Harrison was referring to property tax liens. Abolishing the ability for individual investors to purchase tax liens to pay off the county's overdue taxes for an interest rate for the investor (or potentially foreclosing on the home themselves). NYC is considering abolishing their tax lien sale currently. The OP was requesting information/mentorship about this exact strategy, which (as Harrison mentioned) may be in jeopardy if they go ahead with removing it as other counties tend to follow suit.
I was looking into tax liens and even tax overages a number of years ago. One thing that worries me right now is the possibility of NYC to abolish tax sales. If that succeeds, more states would probably soon follow. (Ultimately what pushed me into note investing as well)
Before diving deep into it, the landscape could be changing quite a bit in the near future. It's already a competitive field, that may get even tighter.
Hey sir, nowhere did I talk about abolishing property taxes. I encourage you to reread.
They're abolishing the tax sale. @Nadine McAuliffe summarized perfectly.
If they abolish the tax sale then how do they plan on getting people to pay their taxes? How does the county collect taxes if the home owner doesn't pay it and there are no investors to pay it?? WHO PAYS IT ??????? You do realize a tax LIEN sale does not "sell" the property just the lien. There is a redemption period and foreclosure process for the very very few who never repay the past taxes owed.
Sorry I didn’t read all of that, I stopped at the part where you said “the length of time you have been doing something doesn’t mean you are good at it just that you have been doing long. “
I use to think that way too when I was in my mid twenties. Nothing can replace experience. Through experience we continue to grow and learn and become better. I still learn every day and I know I will learn something new tomorrow and I will be smarter for it.
If you truly think that the length of time you have been doing something, is some indication of how good you are, you are honestly not very intelligent. Experience doesn't mean you are good at something, or that you are doing it correctly, or effectively right?
Look man:
Imagine knowing someone that fishes for a living. For 40 years he has been trying to catch fish by swimming after them. So far he caught 3 fish in 40 years.
With that 40 years of "experience" he must be one of the best fishermen in the world.. right?
The OP is doing this for 40 years, right?
Me.. with my 6 measly years of experience, am doing 4 to 12 leads a day, all free, all motivated, I don't do anything I don't lift a finger, I don't spend a cent.
DARE telling me I should be impressed that he has done it for 40 years already, and therefore should I somehow translate this as he being good at it. Gurlfriend please!
In fact, (no offense) but I found it embarrassing (no one is judging... we are all here to learn and improve) he has been doing it for 40 years to then write an ignorant post like this. He (in my eyes) is not a very good investor (I am not saying he isn't good.. I am just saying, in MY eyes, he is not anyone to look up to, and I just have 6 years experience).
I have been doing this for just 6 years right? Within 7 months of doing this, we have been making over $250,000 in profits every month... scaling to $1M/month. This is 7 months after I started. If his 40 years of experience gives him "skills", does it mean that my 7 months of experience, lacks me in skills? If the answer is "NO", then I have MATHEMATICALLY proven you wrong. Look up "Proof Theory" in the field of applied mathematics.
Experience on its own is no indication of anything. Experience, simply means you have been doing something for long. Experience+Intelligence on the other hand is a more complete model. Adding "intelligence" to the equation is what TRIES ensure that what you have been doing for so long is actually effective.
See the difference? Your flaw is thinking that experience means having done something the right way for a long time. Experience is great, but I take intelligence over experience any day. With intelligence one doesn't need much experience to succeed. Experience without intelligence... well you will be doing it for 30 years and still hustling to make it!
It is because of intelligence I have grown my business WITHOUT ANY EXPERIENCE into a multi million dollar company!
You are universally wrong, this is fact, not opinion no matter how much you reply, whine, or stomp your feet.
Your assumption and analogy is ****. If someone was "fishing" for a living and could only catch 3 fish over 40 years, they would have went out of business day 1. No one would continue to do something for a living that produces no results. So if you have been doing something for 40 years for a living, you have to be at least good at it or you would have failed and moved on to something else early on.
I never said length of time doing something = how good you are at it. There could be people who have been doing something for a short period of time that is more successful than someone who has been doing it for 10x longer than them, that is common sense. I responded to your comment "
The length of time you have been doing something doesn't make you
"good", "right" or "the expert" on it. It only means that you have been
doing "it" long. It doesn't mean you are doing it correctly. "
I will say it again, there is no substitute for experience. You are totally discounting the importance of experience, the longer they do something, the more they will learn from mistakes, from new situations or new methods, how things change over time. It most definitely will make YOU better the more you learn. You might think you know everything, but you don't. You simply don't know what you don't know. You will know a lot more about SEO in 10 years than you do right now. It doesn't mean you can't be great and better than others when you are new.
Another good thing that you will learn from experience is to not be so sensitive. I made a simple comment to not discount the importance of experience and you went on a long tirade, was quick to totally misinterpret what I said, you felt the need to insult me and get your feelings hurt all while patting yourself on the back about how awesome you are.
You have a huge chip on your shoulder. People don't care if you do a million in a day, a week, a year or what ever. You don't have to try to impress or prove anything to anyone. Why waste your time typing all of that crap? Instead why not listen to people even if you think you are better than everyone else you might just learn something from them instead of trying to prove why you are better. You can waste your time trying to prove yourself or you can spend your time learning more from others and bettering yourself... Obviously the choice is yours.
The truth about wholesaling real estate needs to be finally told from a real estate pro like myself with almost 40yrs in the real estate business with buying and selling properties all over Northern & Southern California. It's so much bad and borderline illegal information being taught by these Fake gurus that's just all lies!!!!....The facts are real estate so called wholesaling is extremely hard to do consistently and when you don't have no money, no nothing and you are flat broke an getting into real estate purchase contracts with sellers and lying to them about buying their property when you don't have any money is straight up FRAUD!!!! When you are living in your Momma's basement is the most stupidest thing you can get yourself into you are just asking for trouble because you don't know what you are doing!!!....Why this is being taught is absurd because you are falling in an area where you are brokering deals without a license and selling contracts which are selling securities without a license. That's what they don't tell the SUCKERS because it will never I mean never hold up in court when you get seud for fraud. What these so called wholesalers don't understand is that an real investor like myself needs to buy a fixer upper property at least 65%- 70% below market to make a profit on any deal because I have my own crews. That means a so called wholesaler needs to find a property at 50%- 60% below market to make any money if they know what they are doing it's impossible to do that consistently nobody is giving away properties these days. That's why 99.9% of them fail not lasting it's not an sustainable business model you can't buy at 75% -80% below market and make a profit with labor & products an supplies at all time highs just ask "Zillow Buys " that's why they got out the fix n flip business and they had Billions of wall street money!!!....It's about time an experienced pro like myself tells the public the truth because nobody is doing it be ME!!!!...I am sick and tired of these so called wholesalers calling me everyday about complete Trash deals wasting my time I block all of them Now!!!!
Ohh come on .. . Why take time of your day to complain be negative. Instead HELP, add value, contribute. BE HELPFUL!! This post does nothing other than discourage people with honestly wrong information.
OK I am going to be blunt... but know I still love you though!
NEVER let ignorance be the criteria you judge or measure anything by!
Trust me when I say, I feel your pain. I throw a fit with all the calls from wholesalers, I get you I really do, BUT... allow me to enlighten you and I hope it will make you a better investor.
The first few sentences you wrote are severely off-putting to me. You being a "savvy" investor... and you doing this for 40 years doesn't mean a thing!
I am 5 years into SEO and I beat the living CRAP out of ANYONE doing marketing (or I let myself think that). The length of time you have been doing something doesn't make you "good", "right" or "the expert" on it. It only means that you have been doing "it" long. It doesn't mean you are doing it correctly.
Not because apples are red and oranges are round does it mean that pears are sweeter, right? One has NOTHING to do with the other. It is foolish to even suggest this.
Wholesaling is absolutely sustainable, and I have proven this many many times. You just need to do it right. Get your leads in right and wholesaling is child's play!
What most of you are doing here on this thread, is finding the worst wholesalers, scammers and liars, and label THAT as "wholesaling" and then crapping on wholesaling assuming your own fabricated definition of wholesaling is true. Come on people. Don't you get tired listening to your own fabricated theories?
You mentioned SOO many things that you call "fact" which is actually wrong. Not because someone is incompetent does it mean that what they are incompetent in truly is hard or impossible to do and therefore no one should attempt it or just give up, right?
Well that is EXACTLY what you are doing with this post.
"Impossible to get good deals these days?" You are not getting good deals because you do not know how to do it. PERIOD.
I get deals STILL 90% OFF ARV. Yes I get deals 10% ARV. Meaning if the house is worth $100K, I get them for $10K. I even get houses for 1% of the ARV. (Doesn't happen every day, BUT it still happens).
The TRUE reason wholesaling is hard (for you all) is because most of you plain and simply suck at lead generation. Now THAT is a fact.
DMM Cold calling bandit signs texting, door knocking tax liens absentee owners, yellow letters, handwritten letters, probate pre-foreclosures.... THAT is your problem. ALL of you call those "motivated leads and how to get them". All wrong.
Do you know what I keep hearing? If you are doing DMM and you don't get deals... it is because you don't do it enough. Do it more.
See.. that kind of crap is the most retarded thing ever. If something doesn't work, YOU STOP! You don't do it more?! Its that kind of mentality that make you all fail. BUT do it right. and you succeed.
So all reading his post... he is not all wrong.. the gurus do teach it wrong and illegally bla bla bla.. BUT do NOT blame it on "wholesaling" Wholesaling is perfectly fine and sustainable. If it is illegal where you are at, do a double close. Borrow the money buy it and sell it immediately after you buy it.
The real problem is that most wholesaler (wannabees) are flat out LAZY! You don't want to work. You want a shortcut. You don't want to make money first the hard way and once you have it, do it right. Get a job at McD, make money, save money, then start your business. You all WANT to think that wholesaling is the magic pill you take when you have no money but you want to be rich and famous with your lambo and travel the world with half naked voluptuous baby rabbits!
THAT is why you fail. Look at YOU, look in the mirror. The problem lies THERE. NOT with wholesaling.
You may be an experienced pro of 40 years but that doesn't mean you don't make mistakes or can't be thought (by someone that has done it for just 6 years).
If you think that in todays market it is impossible to get 50% off ARV deals, you do not understand motivation.
Motivation doesn't have anything to do with money. Motivation could be time, stress, illness what ever. Some people DO need to get rid of their house fast NOT for monetary gain but illness, stress, health what ever and the amount of money they will get is NOT the deciding factor. They can't list, they do not want to list, the house is crap what ever.
But yeah... these calls from wholesalers can be frustrating ;)
Carry on!
Sorry I didn’t read all of that, I stopped at the part where you said “the length of time you have been doing something doesn’t mean you are good at it just that you have been doing long. “
I use to think that way too when I was in my mid twenties. Nothing can replace experience. Through experience we continue to grow and learn and become better. I still learn every day and I know I will learn something new tomorrow and I will be smarter for it.
I have been a member for awhile now and I have been reading and learning about all the different strategies for Real Estate. I decided to go to my first tax sale which was very interesting. First of all they don’t truly advertise this information very much. I happened to scroll on the county website and came across the Tax Sale Package. In Champaign County there is a registration form that has to be filled out by a certain time. There is a 500 dollar deposit and fifty dollars for the available list which is sent via email. You get the list a week or so before the sale that way you can have time to focus on the parcels you want. Second; it is very important to know what your buying so go out and drive by this parcels!! Illinois has a 2 1/2 redemption period. However, this experience was fun. The day of the sale you can tell everyone is familiar with each other which let’s you know same companies come every year!! I had to make sure I bought one of my companies blank signed checks to the sale. It’s a requirement in order to participate. You choose a laptop and sit and wait for the sale to begin. Illinois is a bid down state which bidding starts at 18% down to 0%. Let me tell you know there were a lot of 0% winning bids. Which got me to thinking the whole point should be to gain interest off your investment for you solving someone’s problem for them! That’s just my thinking but it was sure fun to watch people slam their finger on that mouse to click zero. I walked away proud because the four parcels I was interested in; I was able to bid 18% & 12% and purchase those tax lien certificates. It was an eye opening experience for me and I will be back for next year. I am learning as I go. I am on my way to greatness one move at a time. I was just happy that I finally took a step and got my toe wet in something. I just wanted to share my first experience!! To anyone who reads this be blessed and have a wonderful day!!!
Make 100% sure you know what you are buying when it gets little to no bids. I know when I first started out and wasn't doing as much research as I should have been, when I bid on something and looked around and I was the only one, I always cringed a little. Crap, I hope I didn't miss something!! lol
Louisiana offers otc, but it is different than most states. Here we call it adjudicated property, what is left over from the tax lien sale that did not sell. It goes back to the parish (county). In some states you can make an offer / negotiate with the county to buy these properties directly from them. Here, it goes to an auction and the highest bidder wins. Most are online, at civicsource.com and happen once a month.
You can initiate an auction or wait for ones to pop up that have been initiated by others. The problem, like anything online, is that the auctions get bid up so high. The winning bid is usually very close to or at market value. So there is no discount or profit to be made.