Want to know if you can afford to start investing in tax defaulted properties? Watch this video as we answer Chantel’s question on that very subject!
Transcript:
Hi everybody! It’s Casey Denman here with TaxSaleAcademy.com, answering your weekly question. This week’s question comes to us from Chantel. And she says, “I’m a college student so I’m on a very limited budget. How much money do I need to start with?”
Chantel, thank you for your question. It’s a very common question. Now, as far as your budget necessities, it basically depends on the certain geographical areas in the country that you plan on investing in. Now, in some areas of the country, you can get away with investing as little as $50 or $100. While other areas of the country, you need $5,000 or $6,000 to start tax sale investing.
Now, I can confidently tell you, if you have $500 or $1,000, you are certainly on your way to becoming a successful tax sale investor. If you only have 50, 100 or maybe even 200 bucks, that’s still no problem. You just have to be a little bit more selective in the properties that you invest in and you have to be a little bit more patient because it will take time to get investments for that cheap.
Now, inside TaxSaleAcademy, we discuss how you can pay for these properties aside from using cold, hard cash. There are certain ways to pay for properties where you don’t have to have money on hand. And in the academy, we go into very, very great detail about all these methods.
Chantel, I hope this has answered your question. If you have a follow-up question or if anybody else has any questions about tax sale investing, head on over to my website at TaxSaleAcademy.com, which you can do by clicking the blue link at the bottom of this video. Again, it will take you to TaxSaleAcademy.com. Submit your question and it’s very possible I’ll give you a video response just like this one.
Take care, folks! Bye-bye.