Transcript:

Hey there, it’s Casey Denman here from TaxSaleAcademy.com.

Today I want to discuss something about tax sale investing that seems to rub some new investors the wrong way. Generally speaking, it’s a thought that those who are not familiar with this business have bouncing around in their heads. And it’s even something that causes some people to not even get started in this business.

I’m talking about evictions. When you’re just starting and you think about buying a house, you will or at least should give some consideration to the possibility it is occupied. At that moment is when you envision yourself kicking out a precious little family. You and your guys have to bust in during the middle of their dinner and force them out. Five minutes later there standing at the curb, in a blizzard. Two parents down on their luck, with their two adorable children, small poodle, 3 suitcases full of everything they own waiting for a taxi to pick them up and take them to a hotel.

That’s also what a lot of the folks that hate all taxes and the government envision.

Here’s the reality. That doesn’t happen.

First off, if you did proper research you could actually make your own determination whether or not you wanted to invest in a property that was occupied. Buy it if you want, otherwise skip it. Noone is forcing you to buy it. So there’s that.

Secondly, it’s actually pretty rare for properties to be occupied. Most of the structures you buy at a tax sale have been sitting vacant for years waiting for an investor to come in, rehab them and return them to the tax roles while cleaning up the neighborhood. And whether you do that yourself or you sell it to someone who does, your neighbors will likely be thanking you instead of chastising you for kicking a family out.

Next, anyone that is living in a residence knows what’s going on. Whether their a tenant or an owner, they have seen the tax foreclosure notices. In some states they’ll have seen at least a dozen different notices before they actually lose the property. There is nothing done last minute, under the table or anything weird like that. Everyone knows what’s going on and any occupants have usually made plans to leave by the time the property is sold.

And beyond that, I can’t even remember the last time I had to have someone removed by order of law enforcement. I’ve got other videos on this, but the best way to handle occupants is to be friendly, express your situation, understand their situation and help them out. Do a Cash For Keys exchange where you provide them with some money to help them get into the next place, all the while voluntarily leaving the property when asked and in the same condition you expect it to be in.
And then the last resort is to evict someone through the court system. And even still they have to be provided notice, there is a strict process and they are never just kicked out forcibly. They might not have much time, but they would certainly know what’s going on.

So, in short, evictions are necessary only if you want them to be and if you need them to be. For the larger majority of the time, they’re definitely not necessary. Otherwise, perform your diligence, be creative in your approaches dealing with occupants and do the right thing. More often than not, you’ll be surprised how easy it is to deal with tax sale homes.

Hopefully this video has helped you out. If so, just do me a quick favor and click on that like or thumbs up button to let us know, and also don’t forget to subscribe to my channel here on YouTube so you don’t miss out on future training videos.

If we can help you get started, just head to TaxSaleAcademy.com, home of The Tax Sale Academy where we have a complete and in depth tax sale training program we’d love to have you join.

Take care and make it a successful day.