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How To Innovatively Leverage $900 Small Vacant Lots Into $7,000 Monthly For Life!

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By bypie6


Low-Cost Way To Creating Lifetime Monthly Incomes Without Working Too Hard

It was approximately 20 years ago when I had recently moved to the South Bronx (please, let's keep it civil) and I began noticing that my next door neighbors, a young Jamaican couple and their 3 kids, were living in a delapidated wooden 2-story house with a backyard. The husband was constantely renovating his front porch and other parts inside that I could only imagine were critically necessary.

Eventually we were on friendly speaking terms and he told me that he had acquired the entire property at a very cheap price through a tax-deed auction ---- which I, at the time, had never heard about.

I decided then maybe this was something worth looking into as I was renting our apartment (wife, myself and 5 kids) and really needed something to look forward for the future of my children.

I then heard about a real estate training-recruiting job which I applied for and landed. However, to my dismay, it was an unsalaried training program.

After receiving my real estate license a few months later, I resigned from that company (after learning they were really scam artists involved in so-called "purchasing homesites in Florida, and converting that into down payments on future homes, " etc., etc., add whatever).

I then did some investigating on my own at the downtown Manhattan office that dealt with auctioning tax-deed properties (particularly vacant lots in the 5 boroughs of New York City) and it suddenly hit me that this was mostly an undiscovered goldmine.

That was when I decided to start attending these fact-finding auctions downtown Manhattan after receiving their free booklets listing all the upcoming auctions. This was also when I discovered that the tax-deed auctions being held in upstate counties were ever greater opportunities as the properties (vacant lots) could be acquired for much lower prices ---- as low as $100, with market values of $20,000 or more.

That was the launching of my dabbling into tax-deed sales on small, dirt-cheap vacant lots my self-publishing a booklet on the subject over 15 years ago.

And now, my friends, after updating this booklet several times over the years, I am presenting all the facts, free of charge, to whomever wishes to launch their own little investment projects at their leisure.

The information you are about to receive will reveal how easy it is to create a comfortable life of semi-luxury in a few months to within 1 and 1/2 year. Thereafter, your future is destined to get only brighter and more profitable.

You will learn how anyone with a fraction of determination, patience and common sense can achieve a complete life of financial prosperity and create security throughout his/her retirement years.

Be prepared to be sneered at by most of your skeptical friends, relatives, etc., thoughout your investing in these small, dirt-cheap vacant lots. However, in the end, your critics will not only be forever silenced, but will more than likely (and meekly, I might add) seek your financial advice later on.

So, relax and enjoy the powerful information enclosed in this free special report, which you will soon realize is priceless. Within just 6 months from implementing the innovative method of investing in these properties, you will begin to reap some of the financial benefits and envision the greater potentials to be achieved.

Now, let's begin.

Overcoming A Common But Prevailing Misconception

It is a common misconception among so-called real estate investment "experts" that small vacant lots should always be disregarded as good, short-term investments. But, let me assure you, that notion in itself should be completely debunked. These little "diamond and gold mines", as I like to refer to them, are HUGE money-making machines when you know what to do with them.

First of all, vacant lots consists of dirt.. Dirt is where most everything grows, such as flowers, vegetables, plants and trees. We build things on this good dirt of ours, such as houses, garages, playgrounds, swimming pools, etc. Once a vacant lot is bought, that commodity is no longer available for usage to anyone else without legal permission from the owner. That is exactly what all those small, dirt-cheap vacant lots out there in those tax-deed auctions are ---- priceless commodities.

Commodities are bought and sold almost daily, and will continue to be bought and sold almost daily, just like stocks and bonds in the financial markets.

So, let us now get down to the heart of why you decided to read this Special Report. You want to know how to innovatively leverage as little as $900 in small, dirt-cheap vancant lots into $7,000+ monthly for life and you want to know how right now, right?

Good!

These properties are found only at tax-lien deeds (auction sales for deeds), which are held thoughout the year in most counties all over the U.S.A. Tax-lien sales for deeds simply means that the counties or municipalities are selling the deeds (ownerships) to the foreclosed properties to the highest bidders at auction sales. The properties will be legally yours after all documents are paid for and recorded at the proper County Recording Offices. (The properties were foreclosed because of non-payment by the former owners of property taxes).

Some of these small vacant lots have been --- and can still be ---acquired for as little as $25 at struck-off sales or $100 at regular auction sales, while having market values of $2,000 or a lot more. And the best part is that these small vacant lots have mostly been ignored and bypassed by the so-called real estate investment "experts."

So, what if you do happen to buy a cheap vacant lot, you ask? Who would buy it from you anyway, and much more importantly, why in heaven's name would they even want to? The following are just some of the valid reasons why some people would be more that happy to buy them from you:

a) As a long-term investment or to build a home in the future.

b) To build a private garage, small office, auto, t.v., radio or computer repair shop.

c) To rent out as parking space to create an extra monthy income for the buyer.

d) To build a cabin or bungalow.

e) To create a vegetable, plant or flower garden, build a basketball or volleyball court.

f) Should the interested party live right next door to the lot, to either extend their

property or to build a swimming pool, barbecue yard, playground, etc.

I could go on and on, but I think you get the idea.

Just keep in mind that you will be buying these properties at tax-lien sales for deeds, not for tax certificates. Tax-llen auctions for deeds are final sales and those properties will become yours. At tax-lien auctions for tax certificates, sales are only for interest-bearing certificates and therefore no deeds are issued at those sales.

There are many investors, particularly large investors and financial instutions, who are primarily interested in purchasing tax certificates just for the high interests on most of them. But, this special report is focused entirely on obtaining immediate ownership of properties at the outset for the sole purpose of reselling them quickly for fast profits in order to re-invest quickly at future like auctions for greater profits. Our main objective is to concentrate on quick turnovers which result in quick and larger cash profits, which in turn creates the opportunity for us to indulge in making larger investments.

Now let's get down to fundamentals:

TYPES OF VACANT LOTS TO PURCHASE:

1) Only vacant lots between 8 feet up to 200 feet in width and 20 feet up to 300 or more feet in depth.

2) Only lots located in small towns or small cities with no easements or right-of-way restrictions.

3) Only lots located next to at least 1 occupied house or across the street from 1 or 2 occupied houses.

4) NEVER buy any in isolated or inaccessible areas.

5) NEVER buy any that are too wooded (lots of trees) as clearing the property of too many trees can very expensive.

6) NEVER buy any at the edge of a cliff or sewer, or in any swampland or polluted vicinity.

Market Values:

To determine the market value (resale value) of any property, it is advisable that you hire at local appraiser in that area where the property is located and get a verbal appraisal on just one of the properties you have personally inspected (unless you are already familiar with the property values in that area). A verbal appraisal because it cost much less than a written one. Besides, at this stage of your ventures, you really don't need a written one for your purpose. Have a verbal appraisal done before you attend any and all auctions or make any written offer on struck-off properties, so that you can have a general idea what the market values are. This is vital information to obtain prior to setting bidding limits on any property, otherwise you may end up with mud (or worse) on your face by either bidding more than the property is actually worth or too close to it's market value to realize any significant profit whenever you do sell.

HOW MUCH TO BID AT AUCTIONS:

Always bid no higher than 5% of the market value on any small vacant lot.

PRICING YOUR PROPERTIES FOR RESELLING:

The following rules should always apply:

a) At the beginning, you will be reselling the vacant lots quickly, and for all cash, at 40% of market values.

Example: Market Value = $10,000, Resell at 40% or $4,000.

b) However, be flexible. None of the figures I give you are set in stone. Whatever price you and the buyer(s) can agree on that will give you a quick and decent cash profit would be just fine. The figures I suggest are merely guidelines.

REAL ESTATE FORMS AND OTHER LEGAL DOCUMENTS:

Regarding standard real estate contracts. These legal documents can be obtained by going online and punching in "real estate contracts," etc, It is simply a matter of either purchasing online or freely downloading (depending on the sites) and properly filling out these documents.

However, let me say at this time, an attorney would be your best source to seek legal advise in properly filling out these documents.

You are now equipped with the fundamentals of creating fast cash profits with small, dirt-cheap vacant lots.

GETTING STARTED & LOCATING SMALL, DIRT-CHEAP VACANT LOTS:

First, contact your local tax assessor's office (try the phone books or the internet) and also those in other counties within a 200-mile radius of where you live. In some counties, the offices you need to contact are: Treasurer's Office, Tax Collector's Office, Dept. Of Revenue, Property Tax Division, Commissioner Of Finance, etc.

When you do contact either one, ask for a listing and schedule of upcoming tax-lien sales for deeds only. Also, ask for their struck-off listings (unsold properties from previous auctions). You will most likely have to pay a small fee for these listings in some or most cases, but it will be well worth it.

Other sources for locating listings can be found on the internet. Therefore, try one of the major search engines and type in "tax-lien sales or properties", "tax-sales", or "tax-forfeited properties", etc. I am not affiliated with any of the sites that sell these listings. They charge a nominal fee, so be forewarned.

As soon as you receive your listings from the tax assessors' offices or from any other sources, go inspect the property(ties) that may interest you. You must first inspect the property(ies) before anything else. Also, be sure to read all instructions and regulations to fully acquainted yourlsef with each auction rules and their bidding procedures. It usually takes anywhere from 45 to 60 days for sales to be finalized, so do be patient.

Please note that at the end of this report, you will find a listing of few websites where you will be able to obtain some information about upcoming tax-deed auctions on vacant lots --- as well as houses, etc.

If you have never attended one of these auctions before, please try not to be too intimidated by the strict regulations of the auctions. Any new venture can sometimes be quite intimidating, but with time you will begin to feel right at home in your new investment venture. And ---believe me --- you will begin to enjoy them.

Also, try not to get caught up in the bidding frenzies of some of these auctions, or you may get carried away and overbid to your regret. Try to stay cool, calm and collected and never get emotionally attached to any particular property.

Now, whenever you become the winning bidder on any vacant lot or lots and receive all documents, which includes the deed(s), go register the deed(s) as soon as possible at the County Recording Office. This is VERY ESSENCIAL. Then you can place a small classified ad such as the following in the real estate section of the local Sunday newspaper:

"Small vacant lot for quick cash sale. (List the dimensions here.) Only $________, See at: (List the address of the property here.) Then call: (Your telephone number.)"

If town or county ordinance permits it, you could also place a small, hand-written wooden sign (nothing fancy or expensive) on the property itself in full view of passing traffic. The idea is that you should advertise as much as possible (even on free classified sites on the internet) that you have a bargain-price vacant lot for sale. You could even tell your friends, co-workers or place notices on supermarket bulletin boards, etc.

As you progress in your investments, you will most likely be purchasing and reselling vacant lots at different prices. For example, instead of your purchasing 6 lots at $500 + documentations cost of $400 = $900 x 6 = $5,400, you will most likely be purchasing 2 or 4 lots at several higher and different prices for the same grand total of $5,400. Therefore, whenever the term "or the equivalent thereof" is used in this special report, it merely means the equivalent of the total cost or price thereof.

NOW, LET'S START YOUR INVESTMENTS!

1) Buy 1 deed for a vacant lot (that you determineed the market value to be $10,000) at approximately $500 plus $400 ducumentation cost for a total cost of $900. Resell quickly at 40% of market value or for all cash at $4,000.

(Miscellaneous cost of reselling will be approximately $200 per lot, therefore your net profit will be $2,900.

2) Buy 3 more lots at your following auctions for a total if $2,700 (or the equivalent thereof). Cash on hand: $200.

3) Resell at 40% of market or $12,000, less documentations cost of $600 , proceeds will be $11,400.

4) Buy 12 more lots for total $10,800 (or the equivalent thereof). Cash on hand: $600.

5) Resell at 40% of market or $48,000, less documentatins cost of $2,400, proceeds will be $45,600.

6) Buy 50 more lots for total of $45,000 (or the equivalent thereof). Cash on hand: $600.

7) Resell at 40% of market or $200,000, less documentations cost of $10,000, proceeds $180,000

8) Buy 175 more lots for total of $157,500 (or the equivalent thereof). Cash on hand: $22,500 (Go celebrate tonight, for once. But, don't overdo it. Save most of the hard-earned cash for a "rainy day.")

9) Resell at 40% of market or $700,000, less documentations cost of $35,000, proceeds: $635,000.

10) NOW YOU'RE ON YOUR WAY TO GREAT LIFETIME MONTHLY INCOMES!

a) Buy 500 more lots for total of $450,000. Cash on hand: $185,000.

b) Resell 50 at 40% of market or $200,000 less documentations cost of $10,000, proceeds = $190,000.

c) Resell 550 at 70% of market, or $7,000 with $500 downpayment and give a 20-year, no interest, assumable purchase mortage, balance due = $6,500 x 550. Monthly PM payments = $27.08 x 550 = $14,894.00 monthly for 20 years. (Oopps! Did I say at the beginning you will be making only $7,000 monthly? Sorry about the low estimate. Glad you prefer much more, my friends).

d) Downpayments: $500 x 550 = $275,000 plus $190,000 proceeds from 10b = $465,000 Cash on hand.

11) Now, repeat all of step #10 continually for the rest of your lives.

That is the complete plan for this Special Report

Now, you have the road map to financial independence in your hands with these small, dirt-cheap vacant lots (which are usually the scorge of the earth to the elitist Wall St. mongrels and other aristocratic "real estate experts".

Now, go for it, and show your stuff.

If you happen to have more than $900 to begin your venture, them simply go down the aforementioned steps and start wherever you can afford to and start there by improvising your own future steps. The steps that I illustrated are, as stated before, simply guidelines. My initially using $900 is just to illustrate that even with as little as only $900, it is possible to achieve financial independence with these small, dirt-cheap vacant lots for the rest of your life.

It doesn't take a genius to realize that investing in tax-lien deeds on small, dirt-cheap vacant lots can accomplish a lot with a little patience and determination.

So, let the jokers smirk all they want at your investing in these little rascals while you will eventually grin all the way to the bank with monthly deposits of cash.

A small investment of only $900 can go a very long way in accomplishing a great deal of financial comfort and serenity of mind ---- expecially considering the increasing high cost of living and the world-wide financial meltdown we are experiencing.

Small, dirt-cheap vacant lots can produce a very sound and respectable lifetime monthly income, but only when you purchase at tax-lien sales for deeds and struck-off sales.

Persistance is the key. Patience is the other requirement.

Both are within you.

Good Prospecting And Good Fortunes!

P.S. Please --- don't forget to share some of your future wealth with the needy when you become financially independent.

Helpful Websites For Locating Upcoming Tax Sales & Other Details:

1) http://www.taxsales.com

2) http://www.brzostek.com

3) http://www.nysauctions.com

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