Back Tax Offer Mailing Nightmare

Jack Butala: Back Tax Offer Mailing Nightmare. Leave us your feedback for this podcast on iTunes and get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.

Jack Butala:                         Jack Butala with Jill DeWit.

Jill DeWit:                            Happy Tuesday.

Jack Butala:                         Welcome to our show today. In this episode Jill and I talk about back tax offering mailing nightmare. Back tax offer mailing nightmare I should say, great topic Jill. I listened to the show yesterday week. It's Jill week.

Jill DeWit:                            This is Jill rant week, day two.

Jack Butala:                         These are topics that come up, I guess, well we'll get into it in a second. Before we do, let's take a question posted by one of our members on the LandAcademy.com online community is free.

Jill DeWit:                            Luke asked, "How do I create easements? Can I just write up my own easement on the deeds to give access to the back lot across the front lot of which I own both?" Love this. This is such a good question. We talked about this on our member call the other day.

Jack Butala:                         I got to tell you princess, I'm reading something different.

Jill DeWit:                            Oh, well that's very interesting.

Jack Butala:                         How about I read it?

Jill DeWit:                            Okay, what are you reading?

Jack Butala:                         I think our producer snuck some stuff in at the last minute, which I love.

Jill DeWit:                            Very interesting.

Jack Butala:                         Luke says, asks, "What are your thoughts on improvements? I mailed 0% improvement properties and, but, I got a few signed offers on properties that do have minor improvements as it turns out. Is this beneficial?" Well this is a fantastic question as well as the other Luke question which might be coming up later and I'm guessing it's coming up later in the week. Here is how it works, when you pull data correctly, you don't use a list. We talked about it yesterday.

When you pull it from an assessor aggregator what happens is you are going to look at, there are several columns that you really want to pay attention to and one is improvement value or improvement assessed value. There is land assessed value, right? Then there is the improvement, so the house or the roads or however the property is improved. Both of those things make up the full, the total property assessed value and that's how the assessors sets the tax rates. It also gives you a real indication ... The assessor does a ton of work for you by the way for free.

It's a great indication about how much you should offer for the property, not the actual dollar amount but it's relativity to the other properties in your group of mailing. It's not that hard, believe me. What he is asking is, he mailed at a 0% improvement property. To me that means, it's just land. It's for a land, vacant land. It hasn't been improved yet. He said he got a few signed offers, some of them have improvements on and here is what happens, especially west of the Mississippi, people build stuff and they don't tell anybody about it.

They never pull permits. The assessor is looking like it's just a piece of-

Jill DeWit:                            What? Really?

Jack Butala:                         They break the rules.

Jill DeWit:                            Who would do that? Oh no, no, no.

Jack Butala:                         Jill has a few middle names and one of them is work around.

Jill DeWit:                            Totally.

Jack Butala:                         I've seen Jill build stuff and never tell her county about it at all.

Jill DeWit:                            How the heck did that get there? I have no idea.