Introducing “The Texas 2-Step For Tax Sales”. Disclaimer The information presented is designed to provide accurate and authoritative information in regard.

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Presentation transcript:

Introducing “The Texas 2-Step For Tax Sales”

Disclaimer The information presented is designed to provide accurate and authoritative information in regard to the subject matter covered. It is offered with the understanding that the presenter is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert advice is required, the services of a competent professional should be sought. Calculations are given for learning purposes and should not be construed as projections nor guarantees. This material is not a substitute for legal advice. 2

Why Texas Tax Sales?… Monthly sales-254 counties Buy for quarters on dollar Penalty rates of 25-50% for redemptions –Redemption amount based on purchase price –Plus additional fees and costs –Full interest penalty, not pro-rated Super priority position for tax lien Immediately entitled to rental income Numerous after auction possibilities 3

Why isn’t everyone doing it? 4

“WHY IT”S HARD TO DO ON YOUR OWN Lack of knowledge Too much work Too time consuming No one source to go to 5

A Turnkey Solution… Texas Tax Sales Resource Group, LLC & Dallas-REIG 6

7 All counties screened for property tax sales Property lists scrubbed to find those that meet parameters Research to get data necessary to make decisions Due diligence on potential purchases Property visits and pictures Auction preparation and representation Recording, securing, and insuring purchases Converting purchases to cash flow Property management Unlimited consultations What Services Will Be Provided To Our Group

Texas Two-Step For Tax Sales Strategy 8

Step One – TTSRG Buys Properties Step Two - We Choose the One(s) We Want 9

THE UNKNOWNS? Will the property be paid off before the sale? Will you get outbid at the auction? Is the house vacant or occupied? Is the former owner considering redemption? What is the condition of the property inside? What will be your total out of pocket cost? What is the rent? What will the cash flow be? 10

We Want to Remove as many of the Unknowns as we can. 11

How It Works… You MUST be a Dallas-REIG Community Member You MUST have a Chase bank account You deposit at least 80% of bid amount We purchase properties (Step 1) We gather info and report to you You choose the ones you want (Step 2) Sample… 12

Sample First Report 13

What Next? 14 Let Us Know You Are On Board We Send Paperwork You Transfer Funds We Report Potential Counties We Purchase Properties You Select Properties We Manage for You

Contact Us Joe Boston