Chip Cummings

Zero Risk Real Estate

Creating Wealth Through Tax Liens and Tax Deeds

• Broschiertes Buch

Produktbeschreibung

Praise for Zero Risk Real Estate "Chip's is one of the most comprehensive programs I have ever seen. His process has been thoroughly road tested and has created millions of dollars of investing profits. He definitely walks the talk." --Sharon Lechter founder and CEO of Pay Your Family First and coauthor of Rich Dad, Poor Dad and Three Feet from Gold "With Zero Risk Real Estate, Chip Cummings once again displays his deep experience and simple, fact-filled writing style. In today's world of high stock market risk and low (almost no) returns on savings, Chip convincingly shows how tax liens and tax deeds can earn you high profits with little or no exposure to loss." --Gary W. Eldred, PhD author of Investing in Real Estate Tax lien sales and tax deed auctions, conducted by governmental agencies for delinquent taxes on real estate, have been around for more than 200 years. But, until recently, they remained a small niche market for investors. However, as more people become delinquent on their real estate taxes, and as local governments look for revenues wherever they can find them, this investing methodology has become increasingly popular--and it can be done from anywhere. Zero Risk Real Estate shows you exactly what to look for, what to avoid, and how to get the biggest return with the smallest amount of risk. You'll learn how to: * Use the Internet for research and investing from anywhere in the world * Determine the safest and most profitable investments * Take advantage of "over-the-counter" bargains and guaranteed fixed returns * Cash in once you've won your new tax certificate As confidence wanes in the stock market and other investments, Zero Risk Real Estate gives you the tools you need to take advantage of this increasingly popular method of investing.

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Produktdetails

• Verlag: Wiley
• Seitenzahl: 208
• Erscheinungstermin: 12. Oktober 2012
• Englisch
• Abmessung: 229mm x 152mm x 12mm
• Gewicht: 312g
• ISBN-13: 9781118356470
• ISBN-10: 1118356470
• Artikelnr.: 35724037

Autorenporträt

CHIP CUMMINGS is host of the nationally syndicated Financial Fitness Show and the past president of the Michigan Association of Mortgage Professionals, with over $1 billion in mortgage and real estate (buy/sell) volume. He provides consulting services to lending institutions and speaks to thousands of industry professionals each year. He has been featured on Fox News, NBC News, and MSNBC and is the author of Cashing In on Pre-foreclosures and Short Sales (Wiley).

Inhaltsangabe

Foreword Sharon Lechter xiii
Acknowledgments xv
Introduction xvii
Downloadable Letters, Forms, and Scripts xix
Demonstration Videos xxi
Chapter 1 Understanding Tax Liens and Deeds 1
Real Estate and the Property Tax Process 4
What Is a Tax Lien? 6
What Is a Tax Deed? 9
Understanding Redemption Periods 11
What About the Real Estate Market Collapse? 12
What Makes These Types of Investments Zero Risk? 14
Chapter 2 Getting Started 17
Selecting Your Location 20
Finding Tax Sale Listings 24
Filtering Your Data 32
Evaluating Different Types of Properties 33
Conducting Internet Property Research 41
Recruiting Local Help 43
10 Rules for Qualifying Every Property 46
Setting Your Bids 46
Chapter 3 Going, Going, Gone! 49
The First Auctions 51
Types of Auctions 52
Onsite Auction Tips 56
Online Auctions-Bidding in Your Pajamas! 60
Online Auction Strategies 61
Cancelling Your Bid 63
Over-The-Counter Bargains 64
Paying for Your Winning Bid 65
Chapter 4 Protecting Your Investment 67
What To Do First 69
Protecting Your Tax Lien Interest 72
Protecting Your Tax Deed 73
Insurance and Property Maintenance 75
What To Do When Your Property Doesn't Redeem 76
Chapter 5 Taking Control of Your Property 79
Do You Really Want To Own It? 81
Understanding the Foreclosure Process 83
The Costs of Foreclosure and Possession 86
Adverse Possession 87
Eminent Domain and Condemnation 88
The Art of Eviction-or Not! 89
Dealing with Former Owners 92
Other Legal or Equitable Interest Holders 94
Chapter 6 Avoiding and Eliminating Risk 95
Risk Elimination 97
The Risks of Illiquidity 103
Managing the Property 104
Chapter 7 Liquidation and Cashing In 107
Creating an Exit Plan 109
Hold and Rent Strategy 111
Rapid Liquidation 116
Creating Long-Term Wealth Using Installments 117
Chapter 8 Advanced Strategies 121
Using Traditional Funding 123
Tapping into Private Money 124
Corporate Investing 125
Locating Investment Capital 126
Investing Using Retirement Accounts 127
Tax Strategies 130
Unique Types of Property Deals 131
Chapter 9 Tracking Your Investments 133
Setting Up a Simple System 135
Accruals and Yield Information 138
Maintaining Contacts and Lien Lists 139
Generating Reports 139
Chapter 10 Taking Action 143
What To Do Now! 145
The Complete 13-Step Checklist 145
Measuring Your Success 151
Setting Goals and Evaluating Results 152
Final Thoughts 152
Appendix A 101 Online Resources 155
Appendix B State Listings 161
Glossary 165
About the Author 179
Index 181
Free Bonus Forms and Videos 186