subject: Making Money From Property Deeds - 2 Ways To Make $100,000 Or More This Year [print this page] Making money from property deeds is one of the best ways to earn income right now, especially if you focus on tax foreclosures. The skyrocketing foreclosure rate has ensured this field will be lucrative for at least another 5-10 years, and there is money for grabs everywhere - both from owning property deeds, and also without owning them at all.
If making money from property deeds by owning them is what you're after, look to tax sale property... but only after it's been sold at tax sale. That means you don't attend the auction at all - there's too much competition. If you wait until late in the tax sale process, you can buy property deeds from owners that are desperate to sell before losing everything. We are talking a month or so before they will lose the house forever. This is the time to make contact, and you'll often get properties for $1000 or less this way.
If making money from property deeds without owning property sounds a little better (and it should), consider becoming a tax and mortgage foreclosure overage recovery specialist. When more is bid at tax sale than is owed in back taxes, the overage legally belongs to the former owner - but only for short period of time, after which the government gets it. Unfortunately for them, the owners often don't realize the money's there, and don't collect it in time.
Overage recovery specialists find the funds, find the owners, and connect the two. Because these overages aren't subject to finder's fee limits, overage recovery specialists can charge 30-50% per transaction for their information and service in helping to collect the funds (they receive special training for how to go about this). With these funds often exceeding $20,000, the income potential for this career is through the roof - all while helping people recover money they otherwise would have lost permanently.
by: Maggie Dawson
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