Vince the Invincible

My friend Vince, carefully picked an area to look for tax delinquent properties in; he thoroughly listed and filtered properties according to the set of target market; bought and sold 15 tax delinquent properties and earned a net of $400,000 in just 1 year and 3 months.

Vince is 60 years old; not much computer knowledge and not at all an expert in real estate, yet he succeeded in this industry even on a part-time effort. Being 1 of 2 pilot property tax delinquent investing system users, Vince proved a large potential of the system that I developed with other people.

He proved that age does not matter! He also convinced us that computer and real estate knowledge is not necessary in this profitable industry. He attested to have nearly earned the income bracket norm on part-time basis. In fact, I still had a job when I started this business. The norm is you get rich in 2-3 years, if you consecutively sell 5-6 properties every month (still on part time) at an average deal of $2,000-3,000 per property. You could even earn more than the normal income range if you sell properties at $80,000-400,000 in sum.

Vince proved that the system and its advantages over traditional real property investment worked! He proved that the business is low risk, less competitive, does not need much money to start with and does not need thorough knowledge on buildings and computer. It is low risk if you just follow the procedures because tax delinquent properties are cheap. Owners of such often considered their properties as burden and hastily wanted to forego them. In fact, I still have the letters from owners who thanked me for buying their burden properties. The system does not take your credit to the line; mortgages and financing are unnecessary. The best part of property tax delinquent investment is you still earn a profit even if at the worst-case scenario.

By Jack Bosch
Published: 8/2/2008
 
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