the texas 2-step for tax sales 2014. disclaimer the information presented is designed to provide...
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“The Texas 2-Step
For Tax Sales”
2014
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Disclaimer
The information presented is designed to provide accurate and authoritative information in regard to the subject matter covered. It is offered with the understanding that the presenter is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert advice is required, the services of a competent professional should be sought. Calculations are given for learning purposes and should not be construed as projections nor guarantees.
This material is not a substitute for legal advice.
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Why Texas Tax Sales
• Monthly sales-254 counties• Buy for quarters on dollar• Penalty rates of 25-50% for redemptions
– Redemption amount based on purchase price– Plus additional fees and costs – Full interest penalty, not pro-rated
• Super priority position for tax lien • Immediately entitled to rental income• Numerous after auction possibilities
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Why isn’t everyone doing it?
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“It isn’t easy”
Lack of knowledge
Too much work
Too time consuming
No one source to go to
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A Turnkey Solution
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From Texas Tax Sales Resource
Group, LLC
Here is what we provide our “Priority Members”
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All counties screened for property tax sales
Property lists scrubbed to find those that meet parameters
Research to get data necessary to make decisions
Due diligence on potential purchases
Property visits and pictures
Auction preparation and representation
Recording, securing, and insuring purchases
Converting purchases to cash flow
Property management
Unlimited consultations
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UNKNOWNS When Bidding
Will the property be paid off before the sale?
Will you get outbid at the auction?
Is the house vacant or occupied?
Is the former owner considering redemption?
What is the condition of the property inside?
What will be your total out of pocket cost?
What is the rent?
What will the cash flow be?
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We Want to Remove as many of the Unknowns as we can.
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Texas Two-Step
for Tax Sales
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Step One-We Buy the Properties
Step Two
You Choose the Ones You Want
Step Two-You Choose the Ones You Want
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THE UNKNOWNS?
• Will the property be paid off before the sale?• Will you get outbid at the auction?• Is the house vacant or occupied?• Is the former owner considering redemption?• What is the condition of the property inside?• What will be your total out of pocket cost?• What is the rent?• What will the cash flow be?
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How It Works• You must be a Priority Member
– One time $1,000 registration fee• You should have a Chase bank account• You make a $20,000 good faith deposit• We purchase properties (Step 1)
• We gather info and report to you• You choose the ones you want (Step 2)
Sample…14
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Recent Announcement
• Special Financing for tax sale houses available for 2-Steppers
– No qualifying– No points– No prepayment penalties– Up to 50% of out of pocket costs financed
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What Next?
• Contact us with questions• Request a Priority Member Package• Read the package, contact us if questions • Send us filled out paperwork• Transfer Membership Fee to us• Make Good Faith Deposit• Select Purchases from next 2-Step list
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Contact Us
214-869-7188
817-713-8124
www.txtaxsales.com
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