Please note:  Lin's book is not for everyone.  Why? 

Because the best bargains you will find at tax sales are usually land; You know, city lots, garden spots, farms, ranches, etc.  If your dream is to obtain a ready-built home or a house at wholesale prices, this book is NOT for you.  Yes, I know other tax sale authors claim you can get houses for next to nothing at tax sales.  While the statement is true Lin points out that it is also VERY misleading.  

"Yes," Lin stresses. "Many houses do get LISTED in the original manifests before the auction, but only a very few actually make it to the auction block where you can get your hands on them.  Besides that, many of those houses you can buy at the auction will be already condemned by the city, or partially burnt."

Hmm.  What was that you said about Foreclosures?  

Tax sales are mostly for land.  Farms, acreages, and empty lots are the best kinds of property you will find most at tax sales.  Are you looking for a home?  Almost as good as tax sales are the CHEAP homes you will find at Foreclosure Auctions, and strategies for getting at these are covered too inside the book, at NO extra cost! 

Starting from ground zero, one friend of mine amassed a million dollars REAL equity in less than one year, just from his foreclosure activities.  That's only 68 properties that he bought, but some of them were big apartment complexes.  In fact, his last purchase was a huge 1,103 acre ranch with four miles of river running through it big enough to float your boat in.  All this, starting out with nothing but a small line of credit. 

Here's a side note on that big ranch he bought.  My friend offered to let me live in one of the houses there just so he could talk to me once in a while... but I turned him down because my new address would have been: "XXX Watergate Rd, Clinton, Arkansas."   NO WAY, Jose!

That sounds great, how do you get in on foreclosures?  

Amazingly enough, these stupendous events are found in your local papers too, in the very same small print legal section near the back.  There isn't near as much information available with the ads, and there certainly is no help from officials for the clueless as to how to conduct yourself at THESE auctions.  

Still, there are guidelines.  #1 is quite simply to wait for the dust to settle.  At these auctions there are usually only TWO BIDDERS besides yourself.  Sometimes there will only be one, an officer from the bank.  This officer will sometimes make a half-hearted bid for an amount just slightly above what is owed to the bank.  If you make a half-hearted bid for about 3% more than that bid it will likely take the project.  If a bidding war does get kicked off, drop out with a hurt, bewildered look on your innocent young face and wait for the next project.

If you can't be bothered with reading the newspaper every week, you can take advantage of national services that will keep you posted on every auction in your bailiwick.  There's no need to let these Secret Sales get away from you!  Click HERE and you can discover the Best dirt cheap foreclosures open in your area!  

Not only can you buy foreclosure homes and other property at wholesale, you can often buy a foreclosure home with little or NO down payment. Does that sound incredible?  Hey, there are some people who walk away with the property and more money in their pockets than they came in with!

One last source of cheap land before I turn you loose for an hour of peace and rest.  What about government auctions?  I've only come out ahead at one of the government auctions.  My advice is to sneak in there BEFORE the auction.  That means get there BEFORE it gets advertised too.  How do you do that?  

Well, by driving around the neighborhood and looking for houses with big signs in the windows saying they are open for bidding.  I have a secret method for knowing how much to bid.  

It's called:  "Ask your favorite realtor."  That calls for tact and diplomacy.  When I suggest $32,000 and she (my favorite realtor) compresses her lips and shakes her head I know it isn't quite enough and go up to $34,000.  And if that STILL isn't enough I'll "up the bid to $34,544.42 and not a penny more for that $60,000.00 house."   

When she stops laughing she will say, "You really ought to try at least $36,000.00," and we will launch the paperwork.

A final word.. there is cheap land, and cheap property out there.  Just start paying attention or they will bite you before you find them.

P.S.  Click HERE and see a listing of bargain homes that may interest you.

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