Buy Properties Cheap For Cash!
Most people are not interested in paying cash for a house. Even in today’s market when you can buy a decent 3 bedroom 2 bath home for $100,000 or less in a lot of decent markets, not many people have enough cash saved to pay for a house without financing. The only problem with getting a loan today to purchase property though is that the banks aren’t giving them out, especially to investors. But what if you could own a house that was worth $100,000 and only pay $15,000 for it. Or what if you could pay 5-10K for a house that is worth $75,000. Would you be interested in paying cash for it?
I’d like to share with you 2 ways that you can buy a actually purchase a house for around $5,000 and let you know where you can find more information for each. And both of these methods of purchasing dirt cheap houses for cash can be done from your computer. Are you ready?
Online Tax Deed Sales
The first way to buy houses for $5000 is through the online tax deed sales. Some states have tax deed sales online. Now I’m not going to kid you, you probably won’t get a tax deed in California for only $5000. But there are states that have online tax sales where you can pick up properties from $5,000 – $10,000. Yes they’ll need some work, but with a little due diligence it is possible to find the houses that need minimal work. By minimal work, I mean $5,000 – $10,000 of rehab. Some counties in Florida and New York State have online tax deed sales. And most of the counties in Michigan have online tax deed sales. These are states where you can find these properties. The house pictured above was sold in a Michigan onine tax deed sale for only $6,000. If you would like to learn more about how to purchase properties at online tax deed sales, and learn how to do your due diligence for online tax deed properties, check out the Online Tax Deed course at www.OnlineTaxDeeds.com.
Filthy Riches Strategy For Buying Houses for $5000
The second way to buy houses for $5000 is find properties listed for $25,000 or less that are owned by banks who really want to unload them. This is a strategy that Larry Goins teaches in his Filthy Riches course. I know it sounds unrealistic, but he’s got students all over the world that are doing it! The great thing about this method is that you are buying the property from the owner – the bank, and unlike with tax deeds, you get a clear title to the property and can get title insurance and sell the property right away. In his course Larry teaches you how to sell the properties quickly and get your profit in a couple of months or even in a few days. To get more information about how this strategy works and how you can buy houses for $5000, you can get the replay of a webinar that I hosted with Larry Goins at www.TaxLienLady.com/WebinarTraining/larry.htm. And you can find out more about his Filthy Riches course go to www.TaxLienLady.com/larry.
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