Investing in Properties Vs Collecting Missing Real Estate Assets
If you're thinking of investing in properties, you're certainly on the right track.
They're not making any more Earth, and owning bits of it can bring great wealth if you buy the right stuff in the right place for the right price.
But alternative ways to make a lot of money exist in the real estate industry, such as collecting finder's fees for reuniting heirs and owners with missing real estate assets.
Which is best? The answer is, it depends on your tolerance for liability and risk.
Investing in properties always comes with some degree of risk.
Tax foreclosure property is by far the best investment, but if you invest at tax sale, you buy sight unseen and bid against many other bidders.
If you win the bid and get the property, it could have myriad problems you weren't aware of.
Even if you do get a nice property, you may end up holding it much longer than you anticipated or your tenants may trash it.
On the other hand, you may receive the benefit of reselling for a huge profit or watching the property's value increase rapidly.
And if you buy the smart way - directly from the tax delinquent owners but only after the tax sale, when they're most ready to sell for the cheapest - you could realize some serious profits.
That's a major check in the "pros" column for investing in properties.
At the same time, you could be making a lot of money from those same properties without ever having to risk owning them - by reuniting the previously tax delinquent owners with the overages created on their properties at tax sale.
As a money finder for these funds, you can charge 30-50% as a finder's fee for locating the funds and the owners, who likely would never have figured out they had the funds coming.
This is a much less risky method of making money from real estate - and with overages running into the tens of thousands, your paydays will be similar to that of actually purchasing and reselling real estate.
In the end, collecting overages is the less risky choice.
When you add in the fact that you can run the overages business from home without ever leaving your office and inspecting a property, it beats investing in properties hands-down.
They're not making any more Earth, and owning bits of it can bring great wealth if you buy the right stuff in the right place for the right price.
But alternative ways to make a lot of money exist in the real estate industry, such as collecting finder's fees for reuniting heirs and owners with missing real estate assets.
Which is best? The answer is, it depends on your tolerance for liability and risk.
Investing in properties always comes with some degree of risk.
Tax foreclosure property is by far the best investment, but if you invest at tax sale, you buy sight unseen and bid against many other bidders.
If you win the bid and get the property, it could have myriad problems you weren't aware of.
Even if you do get a nice property, you may end up holding it much longer than you anticipated or your tenants may trash it.
On the other hand, you may receive the benefit of reselling for a huge profit or watching the property's value increase rapidly.
And if you buy the smart way - directly from the tax delinquent owners but only after the tax sale, when they're most ready to sell for the cheapest - you could realize some serious profits.
That's a major check in the "pros" column for investing in properties.
At the same time, you could be making a lot of money from those same properties without ever having to risk owning them - by reuniting the previously tax delinquent owners with the overages created on their properties at tax sale.
As a money finder for these funds, you can charge 30-50% as a finder's fee for locating the funds and the owners, who likely would never have figured out they had the funds coming.
This is a much less risky method of making money from real estate - and with overages running into the tens of thousands, your paydays will be similar to that of actually purchasing and reselling real estate.
In the end, collecting overages is the less risky choice.
When you add in the fact that you can run the overages business from home without ever leaving your office and inspecting a property, it beats investing in properties hands-down.
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