If you’re up late at night, online, looking for real estate investment courses to fulfill your dreams of owning a rental property empire, you may want to reconsider that course of action. Property ownership has such control over us; It’s the American dream, and most people need to have their name on a deed (or many deeds) to prove they’re successful in life.
Do not be one of them. Forget real estate investment courses. Many headaches come with the responsibility of owning property, and the new success story is simply money in the bank. If you’re looking for a bigger income stream, forget about buying property (tax sale property OR foreclosure property) and get into the very lucrative business of the surplus they create instead.
When more is offered for a property at auction than is owed in back taxes or mortgage, that excess is usually available for the owner to collect. The agency that made the sale will hold it for a few years, and if the owner never comes to collect it, it will revert to that agency and the owner can never get it again. Currently, there are billions of dollars being held in this way, and billions have already been confiscated, money that should have somehow gotten back into the hands of the original owner.
Due to a little-known loophole, when you act as a money finder for these funds, the restrictions on finder fee percentages are void. At the state level, they can be as low as 5%. But at the tax sale/foreclosure sale level, there are no laws governing the amounts of the finder’s fee. The industry standard (as it is, so few people work in this angle) is 30-50%, which means you can bank a five-figure payday with as little as $20,000 in excess. You can imagine: Surpluses of that size are routinely created when good properties get very high offers on the tax sale.
This business is beneficial for everyone involved. You get real estate-sized paydays without having to buy any real estate investing courses, and the rightful owner of the funds gets back money they likely would have lost permanently otherwise. And since very few people know about these funds, there isn’t much competition out there. Find these funds, find their owners, and you will have a lucrative small business that you can run entirely from your home office.