Hey everyone,
I'm still deciding what method to start out with in real estate investing. One way that really interests me is land flipping using a delinquent tax list. Basically it's a list of people who owe back taxes to the county but are not in foreclosure yet, who may be motivated to sell their vacant land for very low prices. Episode 39 on the podcast :)
I've found that I can get this list from my county treasurer for $75 in an excel format. On the list: tax key, owner, owner address, property address, tax year, & taxes/penalties/etc due.
However, it does NOT break the listing down into categories like single family homes, commercial, land, etc.
The report would be for the county I live in, which is currently home to ~400,000 people and is the 3rd most populous county in Wisconsin.
For those who invest using this route (or have tried it), how do you deal with a list like this that won't break it down into type of property? I have no idea if it will have 100 or 10,000 listings to know how manageable it may or may not be. (I have more money than time these days, as we already own another unrelated business). Pay a virtual assistant to weed out everything except vacant land property and then I'd work off that list?
Just figured I'd ask around to see if I could get some feedback before spending the cash on something without having a plan. If you use or use this method, I would appreciate any advice. Thanks!