Real Estate Deal Making:

Another way to get great real estate deals is by pre tax sales. I am not interested in buying a property at a tax sell , but before it make its way to a tax sell. In the Memphis area, our local newspaper has a published listing of these properties that will be heading toward a tax sale approximately 4-6 weeks before the date actually arrives. The surprising thing to me is that when you start contacting owners of properties with delinquent taxes, some of them actually don’t know that the property was going to tax sale. PLENTY of time for me to make a deal with a motivated seller. Contacting them and explaining how you can help out their situation that needs immediate attention will have you looking like the knight on the white horse. Our Local municipalities cares absolutely nothing about the equity involved, they only want the tax situation resolved. What a win win situation, you helped  a home owner sell fast and bought a home with a significant amount of equity for pennies on a dollar.