There has been some buzz recently in the real estate community about a new way to make money in real estate, lots of money, without actually owning property. Tax surpluses haven’t caught on yet, so the industry is largely idle, which means a huge opportunity for smart people. Here’s how to collect excess tax for huge finder fees, up to 50% of excess.
1. Get informed. You need to know the laws regarding surplus and money finders so that you can legally collect tax surplus and avoid any problems. This is a big country, and in most places it’s perfectly legal to chase sales tax surpluses, but in some areas there are laws that prohibit it. So before you begin, you need to be trained and educated, and this is imperative, even if you think you already know the law.
2. Request tax sales surplus records. Once you have found which agency has these records, put a formal request in writing, either by email or by mail. Then wait for a response and receive your list of records. If you want to collect excess taxes, you’ll need to do the legwork to get this part verbatim. Many people obsess over this step.
3. Find the owners of the tax sale surplus. Using a professional skiptracer or the skiptracing resources available on the Internet, locate the owner’s personal contact information. Once you have this, you may also want to learn about the owner’s family members, so you have the best chance of finding them.
4. Contact the owner. While keeping his sources secret, he will explain the situation to the owner. Once they have agreed to allow him to help them collect this source of money, he will get signed and up-to-date contracts that allow her to act as his agent.
5. Process the claim. Next, you’ll put together the application package and send it to the agency that has the funds, then check back with them to make sure the package was received and is being processed.
6. Earn money! The last step, and the most rewarding, is when you receive that check and split it with the landlord. Since due to a loophole, most of these funds are not subject to the finder’s fee caps, you can legally charge up to 50%.
These surpluses are being created alongside the record number of foreclosures taking place right now. As you can see, the process to help collect them is not very complicated and you can work the entire business from your home office. If you want to partake in a great real estate money-making opportunity, this is the one to take advantage of right now, while few people are actively looking for surplus.