This is your Investing For Success Saturday Snapshot
Boy that’s mouthful, so for now on I’ll just refer to these Saturday messages as the Success Saturday Snapshot. In addition to the Investing For Success Saturday audio messages that I send out to subscribers and clients, I’ll post something here…
Today I have a snapshot of a property report for a parcel in an upcoming tax sale in Vigo County Indiana. This should give you an idea of the type of properties you can find in tax lien sales in Indiana. But investors beware…Unless you know how to do your due diligence before you even look at these properties, you can still wind up with a dud. What do I mean?
Investing For Success Due Diligence
Before I even identified this property, I filter the tax sale list by property type and area. I filtered out the high crime cities. I filtered the list to show only the best places to invest in for that county. How did I do that?
It’s really very easy, and didn’t take much time at all. I used a couple of resources that make it easy to do. One is a paid data service that I make available to all of my clients. And the other is a free resource that anyone can use.
I use the free resource to find the best places to invest in counties that I’m not familiar with. And I use the resource that I pay for to filter the list, look at the tax sale properties, and get all the information I need to make a decision of whether to bid or not.
Information like:
- Assessed value of the property
- Market value of the property
- Any environmental issues
- Flood risk
- Mortgage data
Plus I get to see the parcel on a google map with an outline of the property. And sometimes I even get a street view. If you’re buying property at a tax deed sale, this is just the beginning of proper due diligence. In that case, I recommend you physically look at the property. Or have someone look at it for you. But this is pretty good due diligence for tax lien sales.
Evaluating Tax Sale Properties Masterclass
If you would like to see the resources that I use filter the tax sale list. And the steps that I take to choose the right properties to bid on. Come to the Tax Sale Success Masterclass on Thursday September 22. I’ll be conducting a 90 minute Masterclass on Evaluating Tax Sale Properties from 7pm – 8:30 Eastern Time. It’s only $47 to attend live and have unlimited access to the recording and all materials – including a due diligence checklist.
Space is limited so register now at https://TaxLienLady.com/Investing-for-success-masterclass.
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