Niches That Bring Your Riches:Tax Deeds/ Tax Lien Sales – PART 1

Niches: Tax Lien

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

When homeowners fail to pay real estate (property) taxes, the government has the right to sell their property in a state “tax sale.” In a tax lien state, homeowners have an opportunity to pay back the amount owed within a specific time frame even after their property has been “sold” to an investor. The investor may be paid back with interest. … Read the rest

Niches That Bring Your Riches:REO’s (Real Estate Owned By The Bank)

reo

The third and final stage of foreclosure happens when no one purchases the house at the auction, forcing the bank to buy the property back itself. Remember the bank didn’t want the house back, but the property was the collateral for the money lent to the homeowner. The property now becomes Real Estate Owned, it’s owned by the bank. Go here to go to the beginning of this series.

Why is this a good niche to Consider?

  • Below Market Value – One of the prime benefits of buying a REO property is most REO properties are available at below
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Niches That Bring Your Riches: Investing in Expiring MLS Listings

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

What are expiring MLS listings?

  • Description of niche:  Contacting real estate agents with listings that are about to expire and make a discounted offer to purchase.
  • Why is this a good niche to Consider?
  • Working with motivated Realtor to influence a motivated buyer
  • Buying below market value – wholesale
  • What are the downsides of this niche?
  • Need to find a realtor that is
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Niches That Bring Your Riches: Purchasing Property From Estate Filing Bankruptcy

Petetion to File Bankruptcy

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

Purchasing property from a bankrupt estate can be a road to long-term gain. The process takes firm resolve and a large measure of patience.

However, today the number of bankruptcies is staggering. Therefore the pot is full of leads. Look at these numbers ….there was 1,367,006 bankruptcy filings in just the past 12 months and another 1,641,127 in pending status.

  • What is Chapter
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Niches That Bring Your Riches: Probate

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

  • Description of niche:
    • Probate is the court supervised legal process that includes determining the validity of your will, gathering assets (including real estate), paying debts, taxes, and the expenses of will administration, and then distributing the remaining assets to those persons entitled to them. This process commonly takes a few months to a year.
  • Why this is a good niche to consider
    • Bargain
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