Tuesday, 18 May 2010 13:21
More on Tax Deed Exit StrategiesWritten by Eddie Stewart
In our previous blog post on tax deed exit strategies, we talked about selling or flipping your tax sale property and living in your tax sale property. In this post we will finish the discussion by talking about selling your contract, renting the property, and holding your tax sale properties. In addition to the exit strategies mentioned in our previous post, you can also sell your contract to other investors. Depending on where you are in the purchase process, you can sell your purchase contract to an investor. The idea is that the investor would get the property under contract without investing money, or investing as little money as possible, then selling the purchase contract to another investor. The advantage of this strategy is the investor potentially makes money through the contract sale without using any of your own money. Due diligence and know-how are the main requirements. Another strategy one can utilize is renting your tax lien foreclosure properties. Renting provides an awesome opportunity to create a cash flow system. Instead of making $10,000 at one time, many investors prefer to rent the property and make a steady monthly income from the property. An investor may have renovation or repair costs to get the property in rentable shape, but it may be worth the costs, time, and labor. The last exit strategy we will talk about is holding the tax lien foreclosure property. This should probably be your last option because little money is made in holding the property these days, unless property is dramatically increasing in the area. In this economy, though, where property values are stagnant in most areas, holding should be your last option. In the past this strategy has been used to make money through appreciation. A better alternative is renting a property while it appreciates. No Risk Investor is the ultimate resource and tool for tax liens, tax deeds, and real estate investors all over the world. No Risk Investor takes incredible pride in its ability to help students take action, get into properties, and begin the journey to financial freedom. No Risk Investor provides county lists, property lists, online auction lists, comprehensive training and education, an auction calendar, an online auction center, an investor community and much more for its members.Last modified on Thursday, 20 May 2010 16:59
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Published in Tax Deed Investing