Here is a question that everyone asks.

>>"What I was wondering about, is that by the time their backs
>>are truly against the wall and they need someone like me,
>> their (the tax delinquent's) situation is common knowledge, as their
>>houses are on the publicly disclosed auction block. So
>>aren't we competing with everyone else who is aware of
>>the pending tax sale?"

    Answer:  Yes and No.

    Yes, you are competing with anyone who is knowledgeable about buying/controlling PRIOR to the tax sale.

    No, you have virtually no competition because there are almost no persons who are thinking that they can buy or control PRIOR to the tax deed sale.

    Any serious competitor may be investigating the property, but only to determine their maximum bid at the auction. These potential investors have no mind set to buy/control PRIOR to the tax sale. It just does not occur to them.

    Once you become involved in this type of investing  you will see what I am talking about. There is no compitition.

    The sellers, for various reasons, have already tried to sell, tried to refinance, tried to borrow from relatives, etc. All to no avail. Depending on the point in the process that you approach them, the sellers have resigned themselves that they are not going to get very much for the property.

    If you talk with sellers early in the process, then strategies are used that would be different than those used if you were to contact tax delinquents toward the end of the process. Either way, dealing with tax delinquents is the way to consistently find the most lucrative real estate investing transactions.

Thanks,

Mitchell Goldstein - Coach Mitch
518-439-6100 until midnight EST