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AND MORE |
PLEASE SHARE YOUR EXPERIENCES - GOOD OR BAD - WITH US. JUST E-MAIL YOUR STORY TO roys@wt.net, AND I WILL INSERT IT BELOW FOR THE BENEFIT OF OTHERS.
ATTENDS AND INTERESTING AUCTION IN NEW YORK STATE
Hello:
See my COMMENTS BELOW:
Return-Path: <madukes44@yahoo.com>
Hello Roy!
I hope this letter find you and yours in
great happiness and health. I do have some questions,I bought your New
York manual.
First of all my name is Char and I have
been interested in doing this for some time. But I am not sure I
would have done it if I hadn't have done a
couple things. I found your site,
then I read all the questions and answers that everyone wrote and then
I went to the auctions part and when I did that and
found that there was one in NY,and that
it was about three hours away, I thought I can do this I know I can!
So to reasure myself I had read one of
Bevan's stories and figured out he was from NY,so I emailed him with some
questions and he gave me some more confidence to
take the first step.(sorry this is getting
longer!)
COMMENT:
We are all grateful to BEVAN for sharing
his success with us.
I appreciate him sharing with you.
I asked my husband if he would go
with me to the auction and he agreed. We got to the auction and we
were a little nervous just being there,but we sat through the bidding,
and couldn't believe what we saw. WOW! I said we can do this. One of the
properties worth $209,000.0 went for 0nly $175.00. And of course
there were more that went for $50.00 and 100.00 and so on. Some high and
some low,it was great. But now I have some questions about the ones that
don't sell at the auctions. I just read about what you said about
some
of the the properties. I didn't know
if you ment struck offs or some thing else. I am interested in stuck-offs
and You said when you bid, you bid the min.
Well how do I know what that is. I am going
by the listing for the auction and they don't say min. bid it just says
amount:,
COMMENT:
It sounds like you went to an auction where
regardless\ of the value of the property or the amount of taxes due there
was no minimum bid. Those are the
ones that I love to go to. Some fabulous buys can be made.
I was just wondering how you bought those properties in Arkansas, for as little as 10.00. I was hoping to be able to bid alot lower that 500-4000 dollars on the stuck-offs. Can you give me an example of what you would do?
COMMENT ON STRUCK OFF PROPERTIES:
It works different in different jurisdicitons.
Some counties or cities that have struck off properties will accept almost
any bid in order
to get the property back on the tax rolls.
Others have their own formula for the minimum they will accept. Many
who want too much end
up with a lot of properties on which they
are not collecting any taxes. Sooner or later they learn their lesson and
change their attitudes.
You just have to experiment. Bid
as little as you like. The worst that can happen is that they will
reject your bid. You have lost nothing.
And another thing they say at the auction
is, it is absolute,do I need to be concerned about this and if so could
you explain its
purpose?
COMMENT:
An absolute auction is where the property
is sold to the highest and best bidder.
In most cases there is no minimum bid and
the high bidder wins.
I really think I am going to love this business
and I am very grateful to you and all your
help.I stay in touch with Bevan and he
gives me his input alot which helps alot. Thank you more than you
know and may God bless you and yours.......
CHAR
From: "KMatarazzo" <kmatarazzo@home.com>
To: <roys@wt.net>
Subject: How you got started....
Great communication. Thought you would get a kick out of what led me to your site.
A few days ago I was browsing EBay Real Estate listings. I clicked on a property being offered in Arizona because I would one day like to relocate there. Being a Real Estate Appraiser in the San Francisco Bay Area made me skeptical of all the seller was claiming. So, I dropped him an email and requested plat maps, APN#s and proof of his legal right to sell the property.
This guy in Ohio sends me the plat map (which I could have obtained myself having public record and plats for all the western states on a private database) but most interesting he sends me a copy of a Warranty Deed. A woman in Los Angeles sold him not just the one acre he was trying to auction for $ 700.00 but TEN separate one acre parcels for the grand total of $10.00. This transaction occurred in March, 2006.
And I thought.... hum, wonder how many sites in this area of Arizona are for sale and how? If he can buy them for a measly dollar an acre, so can I. I did a little net searching and located an online tax delinquent list for that particular county in AZ. Amazingly, it was 290 pages long. More amazing was that 20% of the properties that are delinquent are located in the same sub-division the man from Ohio is selling in. That lead me to more net searching about buying foreclosure/tax forfeited properties which lead me to you. I have no intention of paying anything close to retail for vacant land in AZ after all I found out searching the net. I ordered your manual for AZ and am quite interested to read it. I had a head start already having 15 years in the field but I was thinking about finding a way to make some money in cyberland. Should be interesting to see if I can pull this off without field work ( I am a way too busy an appraiser in San Francisco to do field work in another state!). I laugh to think that I was considering something boring like jewelry resale in my old age....this sounds way more challenging and fun.
Wish me luck....
Kim Matarazzo
_________________________________________________________________________________________________
ARKANSAS AND NORTH CAROLINE SUCCESS.
Return-Path: <jazzyone@rtmc.net>
From: Suzanne Leonard <jazzyone@rtmc.net>
Subject: foreclosed-properties
DEAR ROY,
WOULD LIKE TO THANK YOU FOR ALL YOUR HELP. I ACQUIRED 2 MORE PROPERTIES AT AUCTION IN N.C.
ABOUT THE PROPERTIES I BOUGHT IN ARKANSAS I BOUGHT AS STRUCK-OFF PROPERTIES;
HOW COULD I BEST CHECK ON POSSIBLE LIENS FROM N.C.?
ALSO;WHAT POSSIBLE WEB-SITES WOULD BE BEST
TO ADVERTISE FROM?
THANK YOU,
STEVEN HALL
P.S.THE ARKANSAS PROPERTIES WERE STRUCK -OFF IN THE MID TO LATE 80S!
MY REPLY TO THE ABOVE:
Hello:
Sorry for taking so long to answer. You sent this email to the incorrect email address. That address is used exclusively for subscribers to our newsletter and for those who wish to un-subscriber. Our regular email address is roys@wt.net.
With respect to the Arkansas properties struck over that many years ago, I do not think you have to worry about liens.
I would suggest that you advertise the Arkansas properties in a local throw away type of publication like Thrifty Nickel or other FREE Advertise. You can write the Chamber of Commerce of the county in which the properties are located and get a list of newspapers in that county. You might also want to get a list of real estate brokers. One or more of them might check out the property for FREE for you and give you an evaluation of what they think they can get for it.
I would also suggest that you might try advertising on EBAY on the Internet. I have head about a lot of sales of properties advertised on EBAY. You might also locate other auction places on the Internet. In some cases you may be able to advertise for free.
Roy
EMAIL FROM A SATISFIED CUSTOMER WHO IS GETTING
READY TO MAKE AN OFFER ON
A STRUCK OFF PROPERTY - 4 ACRES PLUS A
HOME. JUST TAKE A LOOK AT WHAT SHE SAYS
OTHES ARE CHARGING.
X-From_: vjomiller@yahoo.com
From: Vicki Miller <vjomiller@yahoo.com>
Subject: Thanks!
To: Roy Stubblefield <roys@wt.net>
Roy I just wanted to say thanks for responding to my emails and so quickly too. It really helped because I am trying to make a decision and soon.
I wanted to tell you that I got your manual
and I also attended a seminar (Russ Whitney) and I just wanted to say that
by far you're information is the best. They just seemed so money
hungry instead of really trying to help us out. Sure they had some
great information but they would only share it with you for a price of
course. People were just flocking to pay this outrageous price ($4,400)
for a 3 day training course, and I just sat there in my chair thinking
how crazy they were and if they only knew about this manual for
$39!!!!!!!!!! And I still get help
and advice from you and I'm not paying for it. I really feel like
I have something very valuable and I just wanted you to know that you must
truly care about helping other people instead of being money hungry. I
will definitely recommend your site to anyone.
Thanks again for the emails!
Vicki Miller
THE FOLLOWING WAS POSTED ON 10 JUNE 2000 AT:
Topic: success story:
michael from www.taxsales.com
success story
went to my first sale. only three
properties for sale. i successfully bid on a fairly good lot
in a nice small town, fair market value of 6000. min bid was 211
dollars to cover taxes,
etc. i got it for 231 dollars
including 6 dollar filing fee! i think that's 4 cents on the
dollar. i want to sell it for cash at 25 or 30 cents on the dollar,
or 3000 dollars with
little or no money down and 80 dollars/mo
for 36 mo. or make me an offer. there are nice houses
on each side of this lot. i will first approach these owners with an offer
to sell
at a huge discount from the county appraised
value. thanks roy for your help. thanks bevan way out
in n.y. !!!!
From: Suzanne Leonard <jazzyone@RTMC.Net>
Roy --
Please note I now have a new e-mail address. Used to be jazzy@asheboro.com. We've moved and had to get a new service.
Just want to thank you for your help and advice; I picked up ten properties in Arkansas for under $500.
Thanks a lot. Please keep me on your e-mail list.
Steven Hall
IN OUR COMMUNITY PAGES AT
I just want to mention how much I appricate
Roys hard work for us. His methods have truly spoken for themselves.
Two years ago I learned of tax sales through a infocommerical of Ted
Thomas. I sent away for his material,
which was okay, but $175, wow! He had the gall to call me 2 months
later to have my own finical advisor for I think $1500 for a year. By than
I had
purchased 2 other books by different
wrighters and also Roys information. What I liked about Roys information
it was by someone who had experince, and he showed how just anybody could
do it. I also wrote Roy emails from time to time with questions, he has
always answered right on, honest, and sincere. Ive proven real estate
lawers wrong with Roys information. He has set up a internet site
with chat room to help out others with questions, truly appricated.
Free advice compared to Ted Thomas $1500 a year. With Roys help I was able
to purchase my
first peice of property in Hawaii for
$100 through his letter wrighting method. I than went to washington
state where through his advice went into the county office look through
there
struck off properties and found a 100
acre parcel for $10. I usually get what Roy says with the average
1-2 responses per 100 letters. But I also have seen 150 letters with no
response,
but the county over 150 letters with
7 responses. If one county dosent respond I just move on to the next.
My last 4 properties Ive received this month. ($200- 10 acres vauled at
$9000)
($100- 1 acre vauled at $4000) ($50-
1 acre vauled at $4000) ($300- 6 acres vauled at $18800). The letter
wrighting certainly works when the effort is put forward. I have a few
list with
hundreds of struk off properties,
properties which the county owns and are avilable to buy. I havent
even been able to get to that. I called one county and asked what a accepable
bid
would be for a peice of propery, they
said any thing over $50. With Roys suggustions and encouragement
Ive went to tax sales and bought land for $100, and seen it go much cheaper.
Im overwhelmed with the deals out there and the different oppurinties
for everyone. It certainly is a fun buisness and with Roys help also
succussful. Thank you Roy , I just wanted to show my apprication
for your hard work, encouragement and wonderful ideas.
Bevan
Sharon from Arkansas is excited. Just read her latest successes in the email below. I have removed her email address but she is a regular in our chartroom on Sunday Evenings. You can chat with her about her success and methods there.
Subject: Great wonderful news!
To: roys@wt.net
Guess what I received today in the mail,
the day before my birthday.? Three Limited Warranty Deeds for the properties
I put bids on. Tomorrow I will have
to check out who is living in them, and
direct them to pay rent to me or move out. I would prefer them moving,
so I could sell the properties. One was
assessed at $31,000 in 1993. That is in
Greenland, and will probably sell for 38,000. More if I was greedy. The
other two were last assessed in 1994, one
for $15,700. and one for $16,000. That
is a good thing, the negotiated list.
WOW!!!!!!!!
Sharon
COMMENT:
Sharon is referring to NEGOTIATED SALES
type properties. These are properties which have come up for a tax
sale but on which there are no bidders.
These type of properties exist in almost
every state. In Oklahoma they are known as county owned properties,
in Texas they are what are called "struck off" properties. There
represent some excellent profit making
opportunities in almost every state with respect to these type of properties.
As an example I acquired a "struck off" property here in
Texas in March and sold it within one week
after getting the deed for $27,000. My acquisition cost was $5,000.
Another success story.
"X-From_: mango@rochester.rr.com
Return-Path: <mango@rochester.rr.com>
From: "Bevan White" <mango@rochester.rr.com>
To: <roys@wt.net>
Subject: tax lands
Hi Roy;
Was just reading some of your success stories
and thought I would drop in my latest.. Obivously the information you give
is the best out there! Thank you! It amazes me how many people you can
tell this information to, but it seems to fly over there heads.
I'm not talking about your readers;
I'm talking about people I have told. Most people seem to be afraid to
get there feet wet and jump in and spend a couple hundred dollars. Well
within the last 2 weeks I sent out about 150 letters, so far from my 2
responses, I've been able to pick up a 10 acre parcel valued at $9000 for
only $200. I just went to an auction last night where I picked up 2 lots
for $100 a piece, valued at $3000 each. Maybe not the best property in
the world, but for only $200 I have $6000 worth of property. Plus I picked
up another parcel valued at $14,000 for only $800. There was a lot of people
there and only 34 lots.
Couple other lots went for $100. There's
opportunity for everyone even if you
only have $100. Within a week I picked
up 4 parcels for $1200 with a market
value of around $30,000. Not bad
for a weeks work. I also want to thank you
for the information on the trust. Everything
I buy goes into a trust.
Thanks again Roy........
.Bevan"
X-From_: Lovey1998@aol.com
Received: from Lovey1998@aol.com
Subject: (no subject)
To: mango500_@yahoo.com
CC: roys@wt.net
Hi Bevan,
I just wanted to say congrats on praising Roy's techniques!
I have just two questions for you, when you're going to auctions are you researching properties before bidding on them?
And second, have you sold any properties yet? If so, are you using some of Roy's suggestions or do you have your own techniques?
My name is Vanessa and I am a friend of
Roy's and I too have attested that the program works; I'm just curious
about more selling techniques.
Keep up the good work, wow, you're making
me consider going to auctions now!!! (smile)
Vanessa.
7 MAY 2000
Return-Path: <mango500_@yahoo.com>
From: Bevan White <mango500_@yahoo.com>
Subject: small guy
To: Roys@wt.net
Hi Roy just thought I would send you my latest report of last auction. I just attended one yesterday I bought 3 properties for $1400 valued at $11000, all prime properties. So my last 2 auctions Ive spent $2400 for $31000 of properties. But my main reason to write this is once again to let you know how cheap some went. Again over 100 people and around 60 properties. Which might seem discouraging for some to see that many people, but what Ive noticed is theres always properties for everyone. I bought 3, and the last auction there were over 100 people for 35 properties and I bought 3 there. Now back to the recent auction. As I said there were 60 properties and "15" of them went for $100 or less! I saw people get them for as low as $10. Deals such as $30 for 2 acres valued at $5300, $100 valued at 5300, $25 valued at $2000. The list goes on and on. So as we can see as little as $10 a person can get started. I just mention 3 properties bought for a total of $150 valued at $12600. Humm.. where was I for these deals? My best deal was $300 for a $4000 piece of prime property.
Anyway keep up the good work Roy by encouraging everyone, especially the little guy like me..
Thanks, Bevan
__________________________________________________
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MY COMMENTS:
Hello Bevin:
I really appreciate you sharing your success.
I notice that you purchased your New York manual back in July
of 1999. It took you a few months
to get started but now you are going great guns.
I have tried to tell my potential customers for a long time that there is very little competition at most tax sales that I attend.
Your success helps fortified my contention.
You may receive some emails from "doubting
Thomas's" but if I did not include it in the success stories some negative
minded
folks my think that I was just blowing
smoke. I do not have to mislead anyone. This is a wonderful
business and you are proof
that it is a lot of FUN and highly
PROFITABLE.
I get a few emails from potential customers who ask me why I would share these closely guarded secrets and go to all the trouble to provide this information to others. Obviously, I can make a lot more money just going to tax sales; buying and selling the property than I can offering this information to others for only $79.00 for each state.
Your success and your gratefulness is worth more to me than money. Customers like you are the the answer to their questions.
By the way I just purchased a 78 parcel at a tax sale on Tuesday, 2 May 2000, with a FMV of approximately $150,000 for only $36,235.92. That was the minimum bid. I had not competition whatsoever. I would have to sell a lot of manuals at $79.00 each to make the kind of profit I will make on just that one property..
Roy
A SUCCESS STORY FROM THE STATE OF NEW YORK
20 APRIL 2000
"X-From_: mango@rochester.rr.com Thu
Apr 20 18:01:43 2000
Return-Path: <mango@rochester.rr.com>
Thu, 20 Apr 2000 18:50:13 -0400
From: "Bevan White" <mango@rochester.rr.com>
To: <roys@wt.net>
Subject: tax lands
Date: Thu, 20 Apr 2000 19:04:49 -0400
Hi Roy;
Was just reading some of your success stories
and thought I would drop in my latest. Obviously the information you give
is the best out there! Thank you! It amazes me how many people you
can tell this information to, but it seems to fly over their heads.
I'm not talking about your readers; I'm talking about people I have told. Most people seem to be afraid to get there feet wet and jump in and spend a couple hundred dollars. Well, within the last 2 weeks I sent out about 150 letters, so far from my 2 responses, I've been able to pick up a 10 acre parcel valued at $9000 for only $200. I just went to an auction last night where I picked up 2 lots for $100 a piece valued at $3000 each. Maybe not the best property in the world, but for only $200 I have $6000 worth of property. Plus I picked up another parcel valued at $14,000 for only $800. There was a lot of people there and only 34 lots.
Couple other lots went for $100. There's opportunity for everyone even if you only have $100. Within a week I picked up 4 parcels for $1200 with a market value of around $30,000. Not bad for a weeks work. I also want to thank you for the information on the trust. Everything I buy goes into a trust.
Thanks again Roy........
.Bevan"
FROM A CUSTOMER WHO IS UPGRADING
I ordered and received the Georgia Manual
for $39 on March 20.
I have been so impressed with the information
in it that I have decided to update to the beginner's special.
Please send me the Florida and Iowa manuals
along with the trust manual for an additional $61 as you offered in the
e-mail message I received with my Georgia manual.
Thanks!
From a Houston Attorney
From: "William Hodge" <wchodge@hotmail.com>
Subject: Re: Tax Research Foundation Newsletter
Dear Roy: Thanks for the information you provided so far.
You gave me more information in the newsletter than I had got from the Ted Thomas program.
I am trying to purchase 5-10 acres within the Houston Metro Area to build an apartment complex.
We shall see very soon.
NOTE: Mr. Hodge is now the proud owner of the "INTERMEDIATE SPECIAL" 7 State manauls plus the Trust Manual.
From: Team Linton <mikelinton@worldnet.att.net>
"Roy,
I don't know if you remember me but I bought your Florida tax sale manuel. I also sent you an email telling you my bad misfortune during my real estate career and you told me what you would do if you had to start all over from scratch. Well we ( a couple of partners and I) have bought 5 properties and have never paid over $100 for any of the properties. I am now a big advocate of tax sales. My real estate career has taken on a new turn for the better."
Mike
10 March 2000 - From a CPA in Chicago.
"I've been reading the manuals that you emailed me on Monday night and think they are fantastic....."
Sharon
From: "Gerald Beasley" <Ladywavr@aol.com>
I found the Oklahoma manual to be very useful.
I havent aquired any properties as of yet but i do have a couple of tax certs. and am aquireing investors for the sale in June.
Wish me luck!
Jerry
ALREADY DOING GREAT IN THE
YEAR 2000
Hi Roy:
Nice to talk to you today and hope to come by and see you soon. Here the info we spoke about today
Roy I bought your Texas Manual about two years ago and I have bought and sold a few nice of properties.
This is an update of my progress over the last couple months. In December 1999 with the help of your letters I bought a 3 acres tract valued at 15,000.00 for 500.00 plus I assumed $3200.00 in back taxes. I put a sign on the property, a week later I sold it for $8,000.00 in cash and the person assumed the back taxes. Nice profit for 500.00!
This month is January 2000 I jump-started quickly and started working the February 2000 tax sale as soon as the newspaper published the next month tax sales. I began a quick research on the properties I want to buy. I focussed on a near the lake lot valued at 12,000- 15,0000 that I wanted to buy before the sale. I called a the property owner knowing that the lot would mostly likely go to taxes sale since he lived in California. I bought the lot for $500.00, plus back taxes of about $2, 500.00 for a total of 3,000.00. I am going to make a nice profit on this deal at least 10,000 plus for a quick sale.
You have permission to edit and use the letter on your site. Thanks for the great work on the manuals and your advice!
Sincerely
JC
Spends less than $500 for over $60,000 worth of
property.
From: Evelyn Flowers <Evelyn_Flowers@excite.com>
Hello Roy:
I just want to let you know that I am thrilled with the quality of your material. Your techniques are simple and easy to implement and work like magic.
I recently purchased your Texas Manual through the advise of a friend. Roy, you are correct. You can start on a shoe string. I followed your advise; obtained a list of delinquent property owners; and wrote the suggested letter to them which is in the manual.. So far I have spend less than $500 and obtained deeds to six very nice properties with an appraised value in excess of $60,000.00 total.
I cannot thank you enough for revealing the secrets of how to be successful in this business. This has been exciting, a lot of fun, and very profitable. I have already sold two of the properties using the Purchaser's Agreement form available in your trust manual.
What a wonderful way to retire young.
Evelyn
From: "Alex Walker" <alexwalker28@hotmail.com>
I have been looking everywhere for something real. So far eveything has been click here and click there. Thanks for having something real.