Tax Deed Investing Explained (1029)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hi.

Steven Butala:                   Welcome to the Land Academy Show, Entertaining Land Investment Talk. I'm Steven Jack Butala.

Jill DeWit:                            And I'm Jill Dewit, broadcasting from sunny Southern California.

Steven Butala:                   Today Jill and I talk about Tax Deed Investing Explained.

Jill DeWit:                            You know what? I have been really looking forward to this show.

Steven Butala:                   Why's that?

Jill DeWit:                            I was actually being sarcastic, sorry.

Steven Butala:                   Go ahead.

Jill DeWit:                            I'm happy we're doing it. It's a very great way to do what we do, however, it's not my most exciting thing.

Steven Butala:                   Jill gets to take a break and-

Jill DeWit:                            Yeah.

Steven Butala:                   ... read a magazine-

Jill DeWit:                            Pretty much.

Steven Butala:                   ... during these kinds of shows. But what I'll tell you what I'm going to cover here. One of the greatest things about tax deed and taxing investing, is that if you're just starting out, or if you run a Wall Street fund, they're great vehicles, by any measure, to make a ton of money. Specifically as you're starting out, it doesn't take any money, you can literally buy a couple of tax deed property and own a property for 2 or 300 hundred bucks or less. Double your money, double your money and pretty soon you're on your way. So it's a huge, huge opportunity. It's also pretty complicated. So if you're a relatively intelligent person and you figure this stuff out, utilize the resources all over the internet, including ours, there's not a lot of competition. I'm going to read you the stats and stuff once we get into the show, they're pretty staggering.

Jill DeWit:                            So is it safe to say though, if you're just starting out, this takes a little bit of work.

Steven Butala:                   It's going to take-

Jill DeWit:                            You may not want to start here even though it sounds attractive.

Steven Butala:                   Let's just say, if you have a full-time job, and a couple of kids around the house, like all of did or do, it's going to take you about six months of research before you actually start writing checks-

Jill DeWit:                            There you go.

Steven Butala:                   ... on both the buy side and the sell side and that's if you're doing everything right. [inaudible 00:01:57]. I don't want to scare everybody here, but real estate investing is not for a C- high school student.

Jill DeWit:                            That's really good, and it's true.

Steven Butala:                   Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community, it's free.

Jill DeWit:                            Danny asks, "Hello, I just heard shocking news that Zillow requires proof of ownership, such as a signed warranty deed or county tax record with my name, in order verify the submitted listings. I recently succeed in getting a bunch of option sales for the first time, and I do not own anything yet. I want to market the property first in order to purchase them eventually.

Jill DeWit:                            Here are my questions. Number one, what are the ways I can market the properties for option purchase if not Zillow? Number two, they mention that if I want to market properties I do not own, I need to use MLS in order to post it on Zillow. Is having a real estate agent or getting a license by myself an inevitable element of option purchase? This is a lot of work he's looking [crosstalk 00:03:06].

Steven Butala:                   All the shows this week have pretty detailed...