|
REO Foreclosure Bootcamp and Illinois Tax Lien Sales
Hello Rogue Investors,
Our Super Investor Workshop in Austin was a smashing success. I want to say thanks to everyone who joined me.
I feel vindicated preaching about Austin for the last 10 years. This little college town and state capital has grown up. It is now one of the fastest growing cities in America with one of the lowest unemployment rates and job growth that is next to none. Visit Austin, Texas and you won’t see much of an economic slow down.
In fact, I just read an article about Austin that noted the following:
- One of the best cities for relocating families,
- 3rd among U.S. cities for high tech salaries,
- Music capital of the world (maybe a stretch, but Dave Matthews and Pearl Jam were just in town while I was there),
- One of the most wired, educated and fit cities in the world.
Update on the 10-10-10 Foreclosure Plan
You asked for it...now I'm going to deliver. I've been talking about the incredible deals you can get on REO foreclosures in the Kansas City area. Now I'm going to show you.
On November 14 & 15, I am having the first 10-10-10 Foreclosure Bootcamp. Join me for a full weekend (Saturday and Sunday) of looking at cash flow and income-producing properties. These are properties that you can buy now for crazy prices that only a few years ago would have been your down payment.
Why worry about financing when you can pay cash for these properties at 50%, 75% or even 90% below value? For two full days I will show you the best deals in Kansas City.
What kind of deals am I talking about?
· Single-family bread and butter houses as cheap as $8,000 that only require about $2,000 to $3,000 in fix-up costs and rent for $700 per month.
· Duplexes for as low as $14,000 that rent out for $1,100 per month.
· 4-Plexes for only $32,000 that rent out for $600 per unit (i.e., $2,400 per month).
· 12-Unit apartment complexes for under $60,000.
You can talk about cash flow and residual income or you can “put your money where your mouth is” and come take action.
Top 10 Reasons to consider investing in the Kansas City market?
10. We have a team set up to help you manage any properties that you purchase.
9. A diverse economy with employers like Sprint, Hallmark, Garmin, Applebees, Commerce Bank, American Century Investments and Yellow Freight.
8. KU Medical Center is ranked 3rd behind the Mayo Clinic and the Cleveland Clinic.
7. You get two states in one – Missouri and Kansas.
6. KC Jazz and Blues clubs.
5. The best barbecue in the world.
4. Friendly people and Midwestern values.
3. The Country Club Plaza – the first shopping center in the nation with architecture patterned after Seville, Spain.
2. Cheap, cheap, cheap REO foreclosure prices.
1. Positive Cash Flow – yes it’s possible.
I am making this bootcamp so affordable that it is literally break even for me – no kidding.
You get two full days of hands-on training, the best real estate deals in the world, our team, and access to our proven system. I am only asking a nominal fee of $497 to cover transportation and food.
This is available to a small group only. I will only be able to take 22 people and as of last weekend when I introduced this bootcamp, I have 7 people signed up.
Please note that this is not a tax lien or small business workshop. Classroom training will be at a minimum. Training will be one house at a time. Come with your pen and checkbook ready to purchase a foreclosure.
Saturday – Day 1
Half a day of training on how to find the best REO properties, government foreclosures, plus a quick review of tax liens and tax deeds that you can buy right now through the mail and online.
Sunday – Day 2
My team and I will go in the field all day with you and look at properties that you can buy right now. You can make your decisions and leave your offers for us to negotiate.
Why am I doing this?
First, the deals are excellent and the demand is huge. The problem is communication. We can send you a list, take pictures, and go back and forth, but oftentimes, the best deals are lost because our busy schedules get in the way.
The best way I can think of overcoming this is to give you my full attention and help you find a cash flow property that you can look at and decide for yourself.
For more details and to register for our 10-10-10 Foreclosure Bootcamp, please call our office at 913-381-4520.
Tax Lien and Foreclosure Update
The fall is a busy time for tax lien and tax deed sales.
Tax lien sales are coming up in Illinois. I feel compelled to mention these upcoming sales, even though I am not a big fan of Illinois tax lien certificates.
Illinois tax sales occur in October and November. Please note that most counties require registration at least 10 days before the sale, so if you are considering going to a sale get registered as soon as possible. Many counties also require a deposit of $300 to $500, which will apply to your purchase.
Illinois is a bid-down state. This means you start with an interest rate of 18% over 6 months, but oftentimes the interest rate is bid down to 1%. You may be asking why in the world would you accept an interest rate of only 1%?
Good question. The answer is many institutional investors attend these sales and spend several hundred thousand dollars. The idea is to purchase enough tax liens so that several will be foreclosed on and result in property ownership. This makes their overall returns much higher than only 1%.
My advice on Illinois tax lien sales? Don’t bother going.
Instead, consider going to Indiana.
Indiana sales are bid up and you get the full interest rate (10% for the first six months, 15% after six months but before one year, and you get 10% on the overbid amount). Not only that, the redemption period is only one year.
Visit this link for an example, including a tax lien list for an upcoming sale: http://www.allencounty.us/tax-sale
International Real Estate and Business Update
Don’t forget to join me in Panama for the International Property Show on October 15-17, 2009. Dinner is on me. For more information, visit this link: http://www.rogueinvestor.com/newsletter/panama-summit-2009.html
Happy Investing,
Michael Williams
1-913-381-4520
Newsletter archives: http://www.rogueinvestor.com/newsletter
Teleseminars: http://www.rogueinvestor.com/teleseminars
Twitter: http://www.twitter.com/rogueinvestor
|
