Real estate notes

The Denver Post 01/05/2008   By Margaret Jackson

Sales of delinquent tax certificates in Weld, Arapahoe, Adams and Denver counties totaled more than $17 million during a recent online auction conducted by Realauction.com. “In our first Internet tax lien sale, we achieved our primary goal of selling all our tax liens,” said Ken Sigley, delinquent tax manager for Adams County in a written statement. “Also, early feedback from investors shows that they were satisfied with the premium levels and very pleased with the easy availability of property research online.”

See story at: http://www.denverpost.com/headlines/ci_7887049

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Coach Mitch’s REFLECTIONS

Here we go – again!

I have described before that the movement to online tax auctions is picking up steam. There is nothing like a parade. Government types hate being the leader in anything new but quickly fall into line if something new shows promise, claiming that they are at the forefront of “change.”

Cynicism aside, turning lemons into lemonade is an occupational necessity. Therefore, real estate investors who use tax delinquent property as their base of prospects should look at online tax auctions as a G-d Send!

Records easier to access

In order to conduct the tax auction online, the county government had to make the tax and property records available to easy public scrutiny, so the records were put online.

Now it is much easier for you to see the details of any given property. It is also much easier for everyone else to also see the property details.

Competition coming

My guess is that competition will increase for tax liens and the tax deeds at the various tax auctions.

Although it has not happened yet, my guess is that smart investors will start picking up on the idea of speaking to the tax delinquents prior to the tax deed auction, in hopes of creating a transaction, just as they try to find a deal with pre-foreclosures. It is the same idea.

Coach Mitch’s “Ridiculously Simple System…” has foreseen this eventuality. My system takes the best of pre-foreclosure thinking and adds the benefits of tax delinquent investing.

If you want to get into real estate investing then dealing with tax delinquent properties affords tremendous opportunities.

If you are currently doing pre-foreclosure investing then Coach Mitch’s “Ridiculously Simple System…” will make you much more profitable. I have authored a post which explains why. See Post 16: 10 Ways Coach Mitch’s “Ridiculously Simple System…” is better than foreclosure investing!

Now is the time

When markets are down, that is the time that smart investors look for great deals and get into the market.

Listen to the gurus in stocks and bonds. They are salivating over the potential that some issues will be going down. Because the stock is solid and will be going back up, i.e. correcting, they feel sure that any dip is a good time to buy.

Real estate is a much more secure investment than stocks because the entire decision making process is in your hands. You do not rely upon the vagaries of a CEO in order to make your fortune.

No one should invest blindly. You should have a system. Coach Mitch’s “Ridiculously Simple System…”will serve you well.

See you at the bank,