Rogue Real Estate Investing Report
Issue 2

Hello Rogue Real Estate Investors,

I have worked very hard to update the entire Rogue Real Estate Investor Collection. Listening to your suggestions, I have added detailed county information for the top 100 counties in the United States. I have also improved the navigational feel and layout of the product. For new customers, I am now selling this product for $97. However, since you are a valued customer, I am pleased to provide this update to you free of charge.

[Customers may contact us at realestate@rogueinvestor.com for the link and password.]

If you purchased the product after October 16, 2003, you already have the latest version.

I want to go one step better. In addition to updating the Rogue Real Estate Investor Collection, I have been talking to you about what you want! Based on your feedback, you want an affordable tax
lien/tax deed investing course. I am ready to deliver.

In December and January, I will be offering two tax lien/tax deed investing courses.

1. For those of you who want a hands-on field course, you can meet me in Kansas City, where we will go over how to research, value and buy tax liens and tax deeds together. During the course, we will visit properties, go to the courthouse and end with the bid process.

2. For those of you who can't make it to Kansas City, I am going to provide the same course online, and we can interact by phone and email at your pace, as you go through the course.

I will send you more information on both courses next week.

I want to let you know that tax deed investing really is a great way to buy real estate for 75 percent to 90 percent below market value. My feature article this month on Arkansas deed auctions describes my experiences at several recent Arkansas tax sales, where I witnessed many properties selling for 75 to 90 percent below market value.

Here are some actual sales prices for properties sold at the auctions:

**Cabin on a scenic hillside with 11 acres of land sold for $16,000.**

**Lot located on a beautiful lake with trees and lake access did not even sell at the auction. My partner and I ran out of time and could not locate the property before the sale. However, when we went to look at it after the sale to see if it was worth bidding on later, we could not believe it. The property could have been purchased for the minimum bid of $10,000. After doing more research, we learned that lake lots in the same area are selling for $75,000 to $100,000.**

Do you need more evidence about the deals at some of these sales?

Happy Investing.

Bryan Rundell

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ROGUE REAL ESTATE INVESTING REPORT
Take control of your financial future!
Issue #2: October 29, 2003
Publisher: Mind Like Water, Inc.
http://www.rogueinvestor.com
newsletter@rogueinvestor.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Table of Contents
1. Feature Article: Arkansas Tax Deed Auctions, September/October 2003
2. Tax Sale Calendar
3. Tip of the Month

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Feature Article: Arkansas Tax Deed Auctions, September/October 2003
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Arkansas is certainly one of the top tax deed states. The state supports the sales and many properties are available. However, you need to focus on the counties that have higher populations.
In the smaller counties, only a handful of properties are available.

At all of the sales I attended, competition was limited and state residents (locals) did most of the bidding. During my research, I reviewed many properties.

Many of the bids focused on acreage. Based on my assessment of the market value of the properties I reviewed, most were sold at the sale for about 75 percent below market value. For example, land sold for $300 to $500 dollars per acre at the sale, when similar land was selling for $1,000 to $3,000 per acre outside the sale.

Although many lots were available, only a few of the lots generated any bidding. However, several of the lots that did not generate bidding, including some lake front property, looked very interesting. I am in the process of preparing bids on some of the lots that did not sell at the auction. In Arkansas, like many other states, you can enter a sealed bid process after the auction. This process is also called over-the-counter tax liens or tax deeds.

Overall, over-the-counter tax liens or tax deeds is a good investing strategy if you are patient and willing to do detailed research to make sure you separate the gems from the lemons. Some properties do not sell at the auction for a reason. However, some properties do not sell at the auction because there are not enough bidders. This imbalance between supply and demand can
create big real estate bargains.

I will profile the over-the-counter bidding process in more detail in my next newsletter. I am also working on an entire sales list of over-the-counter properties, which should be ready in about two months.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Tax Sale Calendar
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
**November**
Illinois
I will be at the Champaign County tax sale on November 7.

**December**
North Dakota
South Dakota
South Carolina
North Carolina

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Tip of the Month
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If you can't go to a tax lien or tax deed auction in your area, review over-the-counter lists and go visit the properties on your own schedule.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Disclaimer: There are no guarantees in investing. I make no assurances regarding the investment information presented in the Rogue Real Estate Investing Report.

Issues of the Rogue Real Estate Investing Report are archived at http://www.rogueinvestor.com/real_estate_newsletter/archives.html.

Mind Like Water does not support spamming. To subscribe or unsubscribe to this newsletter, reply to this message (or email newsletter@rogueinvestor.com) and include "subscribe" or "unsubscribe" in the subject header. We invite you to forward this newsletter to your friends.

Copyright 2001, Mind Like Water, Inc., all rights reserved.
7419 Metcalf Ave., #321, Overland Park, KS 66204
Phone: 913-381-4520 / FAX: 240-368-5664
info@mindlikewater.com
http://www.mindlikewater.com

Rogue Real Estate Investing Report Issue 2

Rogue Real Estate Investing Report
Issue 2