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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Deliquent County Tax Sales Posted by Rick, the Probate Guy on June 27, 2009 at 7:29 AM In Reply to: Deliquent County Tax Sales posted by MonroviaDave on June 26, 2009 at 10:01 PM We've tracked delinquent tax properties from time-to-time over the years. This is not necessarily the same as tracking the tax defaulted property list. I think that's what you may mean in your first sentence. One list means "late;" the other means it's schedule for auction. Yes, there are deals in both tax lists however you'll have to mine a lot of material to get a few nuggets. Here's the thing: there are lots of scrap properties, irregular shapes and sizes, unstable land, hazardous waste parcels, houses with negative equity, etc. on these lists. On top of that, LA county has a lot of desert area and other geographically undesirable properties, too. You'll need a way to scrub your list for things like location, parcel size, improved vs unimproved, etc. One tool that I purchased for this, and the other LA basin counties, is a map of all tax assessor book #'s, which is the first part of the assessor's parcel number system. THis way I'm able to look at all APN's an scrub the areas that I don't want. The tax lists usually don't include the common street address and, of course, many properties on the list don't have street addresses. So, your initial objective is to design a system to clean up the list that you get into a useful list that you can use for a "hit list." You can then go right into a marketing campaign because you can cross-reference with owners names and mailing addresses, decide on the type of owner to mail to (natural person vs company, out-of-area vs resident, etc.). We've ahd some success by mining the tailing of the operation, meaning we focus more on the nixies (returned mail) and track those owners down instead of worrying about the perfect postcard or who responds. We're not looking for people to respond, especially if they're deceased. My very best plays were two properties that I had purchased from HUD years prior. THey were beautiful, hilltop lots overlooking the city lights of the entire Chino Hills and Inland Empire area, but they were unbuildable without substantial soil stabilization work. I bought them for $1,250 for the two of them. I let them go to tax auction a couple of years ago and someone bid about $132K on Bid4assets.com. I put in my claim for the surplus and netted $125K profit. Easy money, but it takes some patience for that play to work. Like most buying systems, you are playing a numbers game. Sending out lots of pieces, frequently, good copyrighting, etc. will bring in some deals. Good old sluething will bring in others. I think that the tax lists are best for scaring out the gamebirds, then using birddog or other tactics for tracking people down and completing your deals. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : We've tracked delinquent tax properties from time-to-time over the years. This is not necessarily the same as tracking the tax defaulted property list. I think that's what you may mean in your first sentence. One list means "late;" the other means it's schedule for auction. : Yes, there are deals in both tax lists however you'll have to mine a lot of material to get a few nuggets. : Here's the thing: there are lots of scrap properties, irregular shapes and sizes, unstable land, hazardous waste parcels, houses with negative equity, etc. on these lists. On top of that, LA county has a lot of desert area and other geographically undesirable properties, too. : You'll need a way to scrub your list for things like location, parcel size, improved vs unimproved, etc. : One tool that I purchased for this, and the other LA basin counties, is a map of all tax assessor book #'s, which is the first part of the assessor's parcel number system. THis way I'm able to look at all APN's an scrub the areas that I don't want. The tax lists usually don't include the common street address and, of course, many properties on the list don't have street addresses. : So, your initial objective is to design a system to clean up the list that you get into a useful list that you can use for a "hit list." : You can then go right into a marketing campaign because you can cross-reference with owners names and mailing addresses, decide on the type of owner to mail to (natural person vs company, out-of-area vs resident, etc.). : We've ahd some success by mining the tailing of the operation, meaning we focus more on the nixies (returned mail) and track those owners down instead of worrying about the perfect postcard or who responds. We're not looking for people to respond, especially if they're deceased. : My very best plays were two properties that I had purchased from HUD years prior. THey were beautiful, hilltop lots overlooking the city lights of the entire Chino Hills and Inland Empire area, but they were unbuildable without substantial soil stabilization work. I bought them for $1,250 for the two of them. I let them go to tax auction a couple of years ago and someone bid about $132K on Bid4assets.com. I put in my claim for the surplus and netted $125K profit. Easy money, but it takes some patience for that play to work. : Like most buying systems, you are playing a numbers game. Sending out lots of pieces, frequently, good copyrighting, etc. will bring in some deals. Good old sluething will bring in others. : I think that the tax lists are best for scaring out the gamebirds, then using birddog or other tactics for tracking people down and completing your deals. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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