How I Sold Acres For Ten Times My Investment

I specialize in buying and selling tax delinquent real estate

. Over the years, I have bought and sold over 5000 such properties and made millions by following a carefully researched and developed system of my own. Here is how I sold a combined 3.42 acres for $46,000, which I bought for a mere total of approximately $1500.

Property 1: 2.35 acres in Kingman, Arizona

I bought the property from a gentleman who had bought it 30 years ago, who got scammed into buying it after a sales pitch about the area becoming the next Palm Springs. Up until the time I bought, the area had no developments. The land was sold for $34,000, and my purchase price was just $687.43 for it. The reason for the high land value was the fact that a bridge connecting Las Vegas and Kingsman in Arizona began a construction boom in the area. The commute between the two cities is cut down by 45 minutes, which brought in a flood of property buyers to the area.

My profit from the sale was a staggering $33,312.57, which included an immediate down payment of $6800.

What is my point here? The timing. Buying the right property for a low value is a matter of many considerations, and one important fact is the time. It is not a hard thing to time your purchases, when you know what is happening around you. You can make a killer deal with old property that is bound to blossom out soon.

Property 2: 1.07 acres in Forbes Park, Colorado

The property was sold to me for $837.59, because I bought this beautiful property just weeks before it went up for tax deed sale. None of the investors waiting to buy it during the tax deed sale stood chance against me. If it had gone up to the tax deed sale, it would cost the buyer anything between $3000 and $5000. I got it for my price, with title insurance, free, and clear.

The land was sold for $12,000, with a down payment of 20%, equaling $2400 and the buyer paid off the total within 4 months. The customer even left me a great testimonial about how easy it was to transact with me and how lovely their property is. My profit from the real estate deal was $11,163.41

When you keep up with the developments and have many contacts throughout the industry, you have the definite edge over other realtors and investors.

Get your Vocabulary Right! Never mistake tax delinquent real estate for junk property, because I have come across many people who shiver at the thought of tax liens and tax deeds. Most people think "tax delinquent" is purely about tax liens and deeds but it could not be further from the truth. I have bought and sold over 5000 properties, all of which were tax delinquent and the majority of them were in no way connected to tax liens and deeds. In addition, none of them could be categorized as junk property. You can find absolutely stunning property for really low sale values. What I do is buy such real estate for a price between $100 and $2000 and sell them for nearly 10 to 50 times the amount I spent.

Copyright (c) 2010 Jack Bosch

by: Jack Bosch

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