Don’t have anything interesting to report about currently besides my Tax Lien niche. So, here is the update report from the first month of redemptions from the Tax Sale in December. This ties into my previous post about Tax Lien Certificates.
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I’ve been picking up traction with another angle of Real Estate investing lately. And that is with Tax Lien Certificates. You rarely hear about them because they’re not as sexy to talk about or create a course about. And nobody makes 20K in 2 days from these things. Well…you can, but that’s if you don’t count waiting out the redemption period (a few years) and foreclosing on the lien, then flipping the house.
So as I promised at the beginning of the year, I’m going to pull the curtain back on a lot more of my day to day business. Otherwise this blog is going to die from my boredom. So, I here now disclose more to make this more interesting to contribute to and for you to read.
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Yo! So I turned Thirty today. And I’m loving it. Thank God for the privilege to see another birthday! And that is for shizzle. Statisically, I think I was supposed to be dead or in jail like 5 years ago or earlier. That’s both funny and not funny at the same time.
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It’s been sometime since I’ve taken a step back and reflected on what I’ve been doing right and wrong in my business. And I’ll admit that one of the main things that I’ve been doing wrong is speaking with unmotivated sellers. Now hear me out…I do realize that to find “motivated sellers” you must sift through numerous “unmotivated sellers”. However, I believe that the process of sifting through the unmotivated, slowly drains you…your morale and overall motivation. Ideally, one would outsource this task and avoid such a phenomena. But if outsourcing it is not in your budget, you have to work around this.
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Today I received a follow-up call from a lady whose door I knocked on back in August. Of course, while door-knocking you’re going to get some doors slammed in your face. While others are very thankful that you stopped by. Well, this lady was the latter.
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Yo. I’m back. First and foremost, check this photo I snapped earlier today. This sign has been at this one intersection that I pass through on a daily basis, for about a week or so. I pass by today and I see that it had been hit up with some graffiti. This cracked me up for some reason. The epitome of irony, “A vandalized bandit sign”. But hey, I’m not knocking the hustle…I knew which way the Garage Sale was.
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I’ve door-knocked for short-sales for two days now.? And honestly after getting that first one out of the way…it isn’t that bad (ok, ok, you got me…I couldn’t keep a straight face while even typing that…it still sucks…but it just sucks a little bit less now).? But I now have a better feel for the approach on these things after some practice.
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Good ‘ole volume 6 of this series.? Don’t have a bunch of time so I’ll hop right into it.
A few posts ago I spoke of a short-sale that I lost.? Well I fell victim to what happens all-to-often to investors nationwide.? There was a guy (yeah him) who inherited a property from his Mom and made it into a rental a few years ago.? He said that he had problem tenant after problem tenant, poured a lot of money into the property, as he did nothing but make repairs and evict people.? The last tenants caused him to become delinquent with his lender (American Home Mortgage) and he wanted to prevent foreclosure.
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