Transcript:
Hey there, it’s Casey Denman, TaxSaleAcademy.com
Alright, so you want to get started as a tax sale investor. You’re ready to pull the trigger. You’ve learned about the business. Got a list. Researched some properties. Have your max bids all out and then you attend your first auction. And it’s just a disaster. First off, you really couldn’t find any good properties. And secondly, the ones you did find sold for too much or they were cancelled from the auction at the very last minute.
So maybe you just had a stroke of badluck. Maybe it was just a bad auction. So you go to the next auction and then the next one. And that’s when it hits you. Your county is pretty lousy when it comes to the whole tax sale business.
Maybe there is just too much competition. Perhaps the opening bids are too high. Maybe they’re held too infrequently. Perhaps there just aren’t any properties available when they are held. Maybe you don’t like the system they use. Whatever the case . . . in your mind, they are just lousy.
So, what is a new investor to do? How could you possibly go on if your local market isn’t worthwhile?
Simple. Expand market areas. If you’re local market isn’t worth while, consider expanding to a nearby county. Generally speaking the smaller, rural and inconvenient counties will produce the best results for you, within reason of course. So if you’re in a big city, go to an adjoining county. Then if that doesn’t work our go to another county and another.
If your state’s system isn’t your liking – perhaps it’s a tax lien system and you want a tax deed system or vice versa, then go to another state. Review the state guide on my website through the link down below in the description and see what’s to your liking.
There are thousands of properties sold on a near daily basis. Of course not every area will be suitable for you. Every single person has different investment objectives. Once I tapped out my local market after years of investing, I began to go to other area local markets. And then, when I went to other states, that when my business began to really grow. With the tools and technology we have at our disposal today, there is no reason you should be stuck to your local area.
If you want to invest where you live, that’s fantastic. But if not, then that’s no excuse not to get involved in this business. I hear that excuse from people all the time. The fact is that the internet has made it possible for anyone in the world to invest in nearly any tax sale market in the country. If your local market is lousy, so what? Go to the next one and the next one. The opportunities exist, it’s just a matter of you find the best ones for yourself.
If we can help with this process, just head on over to TaxSaleAcademy.com and become a member of the academy Again, that’s TaxSaleAcademy.com
Thanks so much for watching.
Take care!