A common misconception is that Realtors are great sources of information about tax sale investing. Unfortunately, Realtors and Tax Sales often mix as well as oil and water. Watch the video to see the unique perspective from veteran tax sale investor and trainer Casey Denman, who also just so happens to be a Realtor.
Transcript:
Hey there! Casey Denman here with TaxSaleAcademy.com. In this video, we’re talking about Realtors and Tax Sales.
A lot of people out there think that realtors know everything they can about tax sale investing, about tax sale properties and about the tax sale process. Unfortunately, this is far from the truth. Oftentimes, realtors and tax sales mix about as well as oil and water.
I have a unique perspective here. If you recall my story, if you know my story, I started over a decade ago and I started out my real estate career as a realtor and as a licensed real estate agent. I’m now a licensed real estate broker and I’m still a realtor to this day over a decade later.
Now, I don’t get a whole lot of my income from my brokerage activities. It’s just more or less I do it to maintain my licensing, and so I can continue to learn. As most of you realize, I am a fulltime tax sale investor, but my real estate activities as far as brokering and becoming a realtor do give me a very unique perspective here. And I can tell you this – 99% of realtors simply don’t understand tax sale investing. They don’t have the slightest clue what tax sale investing is.
And you ask yourself why. A realtor, they should know just about everything they can about real estate and about real estate investing. Unfortunately, that’s far, far, far from the truth. A great realtor will take the time to learn about tax sale investing.
With that said, there are very few great realtors out there. If an investor goes to the realtor and they say, “Listen, I want to invest in real estate. Can you give me the different avenues?” Obviously, what they should do to give them the proper service is explain to them that tax sale investing is an avenue which they could go down and they can make a substantial amount of money.
Of course, the realtor can benefit possibly down the road when they go to list or sell these properties. But again, most realtors don’t take the time to do this. And there’s one single reason for that. That is because realtors work for a commission. If they don’t sell a piece of property, they don’t make any money. Unfortunately, if this realtor was to take their investor to a tax sale auction and they buy a piece of property, well, the government is not going to write them a check for 3% or 5% and investors usually are not going to give them any extra either. So a realtor is going to be out of luck when it comes to making any money because of tax sale investing at the point of purchase.
Obviously, what they could do is they could sell the property down the road and make some money with that avenue. When it comes down to it, a lot of people want to go to realtors and ask them their opinion on tax sale investing and tax sale properties. But like I said, unfortunately, 99% of realtors just don’t understand the process. And if you want to learn properly about tax sale investing, even if you’re a realtor looking to gain that edge over the other realtors in your area, you need to learn from an expert and you need to learn proper training from somebody that’s been there and done it for a long, long time.
And for that training, you can head over to my website at TaxSaleAcademy.com, which you can do by clicking the blue link right here next to my head. Again, it will take you to TheTaxSaleAcademy.com. Once you get there, download your free copy of my e-book, The Tax Sale Blueprint, and you’ll be on your way to learning many, many incredible things about tax sale investing.
Take care, folks! Bye-bye.