Tuesday, November 26, 2013

The 14 Point Evolution Process that secures your profit

RESEARCH is the most important to SUCESS!!
Every county is going to do things a different way, Tax liens are sometimes called CP's.

14 Step Research Process

  1. Determine your investment objective - Either or both Tax Liens and Tax Deeds. High interest on your money with Tax Liens or Acquire property what ever you feel comfortable with.
  2. Determine your investment amount - and choose how much to invest on your first investment
  3. Select the markets you want to invest in - choose states then choose cities I recommend seating round your local area for the first few until you get use to it.
  4. Request lists from the counties - mail letters to counties and then respond with there list AP form letter fill it out and mail it. The county will send you a letter knowing how much the list is, how much postage will be, and when the sales are.
  5. Determine your Geographical are you want to buy in - like school districts, zip codes, and property values. What are the good counties, what are the zip codes that has the best school districts and highest property sales. Sort by zip codes,  use county officials, and real estate agencies to get the information you need about the counties you want to buy in.
  6. Highlight the properties within your budget - This will narrow the list down a lot and use different colors for different things. Make notes of were you are when you finish for the day.
  7. Highlight properties in the best Geographical areas - Now you have created what they call your short list. Then search for the best school districts, medium price houses, and medium income areas.
  8. Identify the single family residential homes - Now you have narrowed it down to the nicest single family homes in the area.
  9. Acquire a property profile - All the details about the property geographical, floor plans, and school district. Then determine if it makes it on your buy list.
  10. Picture of the property - Use theses following web sites Google Earth, Zillow, Yahoo Real-Estate or get real-estate agents to take pictures. Why would they take pictures because you are going to need a real-estate agent to sell the properties after you purchase them.
  11. Look at the Subdivision map or Plot map - Gives you a birds eye view of all the houses around you and gives you a good idea on the neighborhood.
  12. View other properties in the same neighborhood - Look for real market value, what has been listed and sold in 60 to 90 days by real-estate agents. The best place to do all of this is Zillow.com it shows all that information,
  13. Check and see what properties have sold for.
  14. Check the Chamber of Commerce - Request a relocation package, that will let you know what is going on, and what the community is all about.
If you follow these 14 steps you can not go wrong and I have expressed this a couple times it is very important to do your due-dilligence.

Hope to see you all in the next post on Tax Lien Profit Blue Print.

Calvin

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