Forget Property Investment Courses - Learn to Collect Overages Instead
If you're up late at night, online, searching for property investment courses to fulfill your dreams of owning an empire of rental property, you may want to rethink that course of action.
Property ownership has such a hold on us; it's the American dream, and most people need to have their name on a deed (or many deeds) to prove that they're a success in life.
Don't be one of them.
Forget property investment courses.
A lot of headaches come with the liability of owning property, and the new success story is simply money in the bank.
If you're looking for a fatter stream of income, forget buying property - tax sale property OR mortgage foreclosure property - and get into the very lucrative business of the overages they create instead.
When more is bid for a property at auction than is owed in back taxes or mortgage, that excess is usually available for the owner to collect.
The agency that held the sale will hold it for a few years, and if the owner never comes in to collect it, it will escheat to that agency and the owner can never get it again.
There are billions of dollars being held in this manner currently, and billions have already escheated - money that should have gotten back into the original owner's hands somehow.
Due to a very little-known loophole, when acting as a money finder for these funds, restrictions on finder's fees percentages are nil.
At the state level, they can be as low as 5%.
But at the tax sale/mortgage foreclosure sale level, there are no laws governing finder's fee amounts.
The industry (such as it is - so few people work this angle) standard is 30-50% - which means that you can bank a five-figure payday on an overage as low as $20,000.
You can imagine - overages that size are created routinely when nice properties get bid up really high at tax sale.
This business is a win-win for all involved.
You get real-estate sized paydays without having to buy any property investment courses, and the rightful owner of the funds gets money back that they likely would have lost permanently otherwise.
And since so few people know about the existence of these funds, there's not much competition out there.
Find these funds, find their owners, and you'll have a lucrative little business you can run entirely from your home office.
Property ownership has such a hold on us; it's the American dream, and most people need to have their name on a deed (or many deeds) to prove that they're a success in life.
Don't be one of them.
Forget property investment courses.
A lot of headaches come with the liability of owning property, and the new success story is simply money in the bank.
If you're looking for a fatter stream of income, forget buying property - tax sale property OR mortgage foreclosure property - and get into the very lucrative business of the overages they create instead.
When more is bid for a property at auction than is owed in back taxes or mortgage, that excess is usually available for the owner to collect.
The agency that held the sale will hold it for a few years, and if the owner never comes in to collect it, it will escheat to that agency and the owner can never get it again.
There are billions of dollars being held in this manner currently, and billions have already escheated - money that should have gotten back into the original owner's hands somehow.
Due to a very little-known loophole, when acting as a money finder for these funds, restrictions on finder's fees percentages are nil.
At the state level, they can be as low as 5%.
But at the tax sale/mortgage foreclosure sale level, there are no laws governing finder's fee amounts.
The industry (such as it is - so few people work this angle) standard is 30-50% - which means that you can bank a five-figure payday on an overage as low as $20,000.
You can imagine - overages that size are created routinely when nice properties get bid up really high at tax sale.
This business is a win-win for all involved.
You get real-estate sized paydays without having to buy any property investment courses, and the rightful owner of the funds gets money back that they likely would have lost permanently otherwise.
And since so few people know about the existence of these funds, there's not much competition out there.
Find these funds, find their owners, and you'll have a lucrative little business you can run entirely from your home office.
Source...