More Properties Per Tax Lien Purchased!

 

So you’ve decided to buy some tax liens, and enjoy the double-digit returns that can be made.

Unless you’re investing hundreds of thousands of dollars, a big part of the profit picture will be the occasional properties that you’ll acquire at a tiny fraction of value.

The problem?  If you buy tax liens based only on property value (the most important factor to be sure), you will rarely, if ever, acquire a property.

Here’s how you can greatly increase the number of properties you obtain from the liens you buy.

Just Send Some Postcards!

Complete your due diligence as early as possible, and perform it as usual.  Get down to your “short list” of liens that are adequately secured by valuable property.

Now, send “I Buy Property” postcards to each of the owners.

You’ll almost certainly get some calls from owners who need to sell – and likely get the chance to do some deals before the sale.

But that’s NOT the primary purpose of sending the cards.

Owners Who Don’t Get Their Mail, Redeem Much Less Often!

The purpose of sending the cards, is to collect the returned mail so you know which owners have a bad mailing address with the county.

• They haven’t been getting their property tax bills
• They haven’t been getting notices that the tax lien sale is near
• And they won’t get your tax lien noticing!

Without getting these notices, there is much less chance of redemption and much greater chance for you to acquire the property.

Taking It a Step Further

You can also now take your short list and look up each owner on “people finder” websites online.

Here are indicators that suggest even less chance of redemption:

• Owner lives far out of town
• Owner can’t be found at all on people finder websites
• Owner is deceased

You can now purchase those liens with the greatest “no redemption” indicators!