TAX AUCTION TODAY!!!

Just bought my next 4 deals !!!!!!!! WOW am I EXCITED!!!!!! 4 properties in 2 hrs.I am soooooo pumped!!!! Deal #and 1 is a mobile home with addition and GARAGE ON. 20 acre......deal 2 is a vacant lot in my town adjoining a restaurant!!.....this one I will dangle to the rest owner..........deal #and 3 is a single fam house with nice lot in a great small town village......main st..............deal # 4 is another 1 family 1 story ranch 2 bedroom 1 bath with garage!!!!! ...sweeeeeeeeet.
not only did I practlcly STEAL these but I introduced myself as an EXPERIENCED INVESTOR........to many of the TOP BUYERS.I used deans lines in his last blog and got the ATTENTION of 4 MAJOR buyers in my county and struck up a lengthy conversation with a Texas investor that bought a few AMAZING DEALS....that I of course CONGRATULATED him on before answering. A fewfew questions for him about the properties he had bought.I let him know I would help him in any way with buyers or attornies in our area....recommended my attorney and he immediately called him to do business.HE also explained a n obstacle that I had experience with and he immediately took action with the attorney to resolve......he is now on my buyers list. Along with a few more heavy hitters!!!!! In my area.!!! What an AWESOME experience today.....what an AMAZING confidence builder to just TAKE ACTION and go up to top buyers and BUILD A RAPPORT and find out ANY WAY to help THEM! !!!!!
GO GET IT.....YOU DESERVE IT!!!!
JAY

Way to go Jay that is awesome.

Steve.

Man im still CRANKED UP from the auction!!! I can't wait for the next one.
Jay

Jay: congrats on the days events.. you must be ready for a nap! LOL..I look forward to hearing more about the properties you bought and how it turned out on the rock bottom.I am planing on self directing my small 401K into an LLC before Dec. and attend my local action. Also meeting and adding buyers to my list.
Thanks for the heads up.
Sandra

Our first deal was bought by our seller at a tax auction. I'd really like to know how to get in on those. Great job! I'd be pumped too! -Susan

Thanks for the congrats!! Yeah it was sort of an exhausting day but full of adrenaline! !! Hint ...when u attend always be PREPARED to buy those EXTREMELY cheap deals...I was amazed when no one was bidding on some sfhomea??????? Im like?????what is happening........if I would have been PREPARED....with more $$$$$in or ..more partners.....I swear I would have bought 25a properties.......some commercial properties...market value....sol for 10500!!!!!!! No kidding..........many vacant lots went for under 750........
A 1700 sq ft commercial bld for 3000!!!!!! These r on main st down town right next to commercial space valued at a few hundred thousand dollars!!!!! All I can say is I will be BETTER prepared for such an opportunity
Jay

I went to our county's tax auction a few months back. Generally tax auctions are done once a year per county.
Jay, I'm surprised that some properties didn't have any bidders. Over here they start advertising the auction about 2 months in advance and it was held in a high school auditorium with about 300 people present. The auction ran for 2 days and I heard that they had to add another day a week later to get through the whole list.
Hey Jay, maybe I'll come up and join you next year
There are great deals out there, just have to be aware of the rules of the auction and do your due diligence.

BTW, great job on the deals! What deals are you on now? 28-29-30-31? heh

FYI: One more thing to keep in mind for everybody. Just went to check the site where my county's tax auction was announced and they now have the list of properties that were purchased. That would be a list of CASH buyers. This wasn't available until about 4 months after the end of the auction as you could still make offers on unpurchased properties for a limited time.

I really enjoy your enthusiasm on your go getter spirit. Congrats on your deals.

4 deals at once? Your starting to sound like Dean here! Congrats on them bro! I am sitting here shaking my head, I am nervous to jump into more then one at a time. I have a great opportunity for a flip, its a REO in my neighborhood, I can walk to the window and see it, just trying to figure out if I want to run 2 at the same time and also what OPM option I can use. Love your fire Jay, keep us posted!

Good for you Jay, sounds like you had some great deals at this auction. Just curious... in OK auctions you normally have to suit for quiet title in tax auctions, is this similar down there?

Congrats man!

Thanks and yes the auctions r an outstanding opportunity to buy WAY BELOW Fmv! !
The website for my counties for ny is....www.NYSAuctions.com
Look your county website.....others have given some good direction also.
Get to one of these.....AS SOON AS U CAN!!!
JAY

COME ON UP TO THE AUCTION!!! ...another on in the next county over at the end of Mnth!!!
Some properties went back to bid for OUTRAGEOUSLY low prices....the economy is ins uch bad shape not alot of people buying.....there SELLING! !! ....there R FANTASTIC deals out there.....
Great advice and info mark! !!!!!
Thanks for your comments and support......would love to have u join me at the action! !
Jay

Hi Jay after reading all these post by you I cant even sit in my chair, Iam starting to float an you would be suprised at what you can see up here, JOB WELL DONE MY FRIEND!!!!!!!!!,Jim

Thanks!!! Its like dean saucing his last post......do you think ANYONE wants to hear,follow, learn from, someone who is not PASSIONATE about what they love to do and SHARE??? Over soliloquy EXCITED and PUMPED to make a deal happen....I just want to show others how its done so THEY can reap the benefits of there....PASSION! !! .......can't help but getting excited about the strategies and wisdom dean has taught us! !!!!

If you get opm in place and all the ingredients look good PULL THE TRIGGER!!! this feeling of doing more than one deal at a time is normal ..UNTIL YOU HAVE TWO going.....then three and so on......this is how we GROW..... you will look back and say....WOW.... I am glad I PUSHED THROUGH that UNCOMFORTABLE FEELING!!!!
ONLY you will know if its time to GET COMFORTABLE FEELING UNCOMFORTABLE.......
Def use opm and MAKE IT HAPPEN JACK! !!!!! can't wait to hear about how you did it! !!
Jay

make that money WORK for YOU...CONGRATS

Thank you...its funny how some auctions ..properties go high and others almost GIVE them away....now is a time of SELLING and DISCLOSURE and job loss ans so on .....so we as investors need to have opm lined up for these great auctions and other sales of BULK or even single family home deals!! ........that is what I learned
Oh yeah...we get quit claim deeds after all the recordings and payments made.
I am still learning alot as I go to these and complete the transactions.thanks for adding to my post!!! Don't forget to come on the 2012 DG. CRUISE with us! !!!
Jay

Just went to check out one property I got at the auction....mobile home with lot, garage and addition..........better han I thought....took pics and getting ready to put on craigslist!!! Going to try an wholesale befor all paperwork in recording is done.
Jay

I guess that you are going to be the next big MOVER and SHAKER on this site!!!
After listening in on one of your calls (thank you for letting me do that BTW)I am not surprised that you are moving in the right direction.
If you would, please send some of those great deals down to Poedunk, FL where I am Our auctions are filled with crap that none of my buyers want.

Keep it going...

Andy Sager
DG's AndyS

That's great u r learning about tax auction!! There r a few different things or systems on premium bids..a premium bid could be high bid or it could be the first bid to start the bidding process.there are many premium bid systems and each county or auction may be different.RESEARCH your county to find the system they use at your county auction.ATTEND as many as u can just to LEARN!!
I believe you can redeem right up until the auction...and some states u can redeem up until deed recording.

Jay

There r MANY movers and shakers here...I am proud to be a part of this awesome site!! Thanks for your belief in me ...I appreciate it!! Been working so much I haven't done many calls with everyone but can't wait to share more soon!! Its good PRACTICE.hit me up on facebook and linked in! !
Jay

I am so happy that you were sucessful during your trip to the auction. However, I do have one question: It was my understanding that once you purchase a tax lien on a property that there is usually a waiting period before you can ask the court for title to the property [assuming the property owner does not pay the back taxes]. How did you manage to skip that step and get ownership of the property from the auction?

you are on fire!!!!
thanks for keeping us informed about your amazing deals! I went to one auction here in Cali, but not a tax auction yet! something I have yet to experience! You are right-you have to be prepared for them! I can only imagine how excillarating they must be!
Keep us posted!!

Learning and progressing every day,
Valerie

This is awesome Jay! I just registered for 3 tax deed sales in NY on that same site! I have about $2,000 I can invest and hopefully get a property up there.

Do you have any suggestions on how the process works, I am not sure how what all that about the buyers premium is.. could you explain it?

Thanks,
Glen

Jay, In your first message you noted you were mainly there to talk to other investors and get a couple buyers on your list. What happened- You bought 4 properties! Got to love it. Our local tax sale runs through the Bid for assets site. I will be checking that out later in the year for sure. take care and tell your lovely wife Julie and I said Hi. Hope to see you guys on a cruise soon!

Youbpay a percentage down , the day of the auction then you have so many days to pay in full. Also the board of legislators in that county had to APPROVE all the bids on a certain date. I sold a couple of these soon after the auction by a contract contingent upon getting the deed from the county. Which took approx 1-2 months. Although I got pd upfront and they actually moved in..... If there had been any problem ,!i would have givenn $$$ back n made all things right. Everything worked out well .

JAy

Every county could be different. I suggest def attending and learning by doing .the networking and rules that are spelled out in their marketing brochure will teach you a great deal. Even if ou don't buy anything. Keep your EARS OPEN to someone looking for that 1-2k that u have and make a fees hundred buy letting them borrow. Investors sometimes don't bring enough CASH with them or they used it all on other buys and ANOTHER great buy comes up but they NEED CASH NOW to bid. Ou can NEGOTIATE ON THE SPOT because they r MOTIVATED to use your CASH ))))
Jay

Yes it's funny how things take a different path!! While there I did lend money as I explained above AND added a consultant to my team in another business I have. Just going there and getting in the game sparks a world of opportunity:)))?
Karen says hi and we enjoyed hangin with you n Julie.?yes we def need to get together on a trip or something fun !!!
Jay

I'm actually located in Maryland but I got into the NY tax sales because the terms and conditions of tax sales in NY are so much better than here. It was mentioned that you purchased properties, what is the process like? How did you obtain the marketable title?

Glen