real estate shit??

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  • xxweekxx
    Confirmed User
    • Oct 2002
    • 6780
    #1

    real estate shit??

    Was watching this John Beck informercial last nite, the guy was talking about buying govt seized properties of people who didnt pay their taxes..

    Here's the guys link, http://www.johnbeck.tv/

    Basically he bought all these nice houses madd cheap..

    Like a $200,000 house, he just paid of the tax the former owner owed( like $5,000) and the house was all his...


    Is this shit true? and where can i get a list of property like that.. hehe real estate doesnt sound too bad..
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    • chowda
      Confirmed User
      • Jun 2003
      • 9527
      #2
      apparently he has a good program

      but alot of ppl do it already


      so u gotta be a hustla.

      if its preforclosures, get ready to be rejected and yelled at

      if its court house auctions get ready to watch true playa's bid, some ppl will fuck up newbies

      if its tax liens: dont buy swamp
      Someone finds you...
      2007

      PS: Nationalnet is the best host I've ever had. And i tried alot of them.

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        • xxweekxx
          Confirmed User
          • Oct 2002
          • 6780
          #3
          Originally posted by chowda
          apparently he has a good program

          but alot of ppl do it already


          so u gotta be a hustla.

          if its preforclosures, get ready to be rejected and yelled at

          if its court house auctions get ready to watch true playa's bid, some ppl will fuck up newbies

          if its tax liens: dont buy swamp

          so not worth it?
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            • chowda
              Confirmed User
              • Jun 2003
              • 9527
              #4
              depends man.. how good are u with dealing ppl

              if ur suave and an unatural salesperson, ull probably do well.

              but his stuff doesnt give u everything u need to know

              just like making money here, alot of stuff is experience, time and money
              Someone finds you...
              2007

              PS: Nationalnet is the best host I've ever had. And i tried alot of them.

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                • xxweekxx
                  Confirmed User
                  • Oct 2002
                  • 6780
                  #5
                  Originally posted by chowda
                  depends man.. how good are u with dealing ppl

                  if ur suave and an unatural salesperson, ull probably do well.

                  but his stuff doesnt give u everything u need to know

                  just like making money here, alot of stuff is experience, time and money
                  u into real estate?
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                    • chowda
                      Confirmed User
                      • Jun 2003
                      • 9527
                      #6
                      i did preforclosures last summer

                      chasing ppl...

                      u make big money if u can convince the person to give up their house..

                      u work ur way down from there..

                      it also depends where u are

                      if its a seller's market, u gotta make sure ur finding some dumb-ass ppl


                      i never touched tax liens.. everyone here in mtl pays up on time.


                      i dont do it at all anymore

                      no one trusts a 21 yr old kid to put u in place


                      im always willing to give more info, but u gotta give me something in return!
                      Someone finds you...
                      2007

                      PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                        Comment

                        • beemk
                          CLICK HERE
                          • Jan 2002
                          • 20829
                          #7
                          if it sounds too good to be true, it probably is. but if you have $ to invest in real estate right now is the time to do it with mortgage rates so low and it being a buyers market.
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                            • xxweekxx
                              Confirmed User
                              • Oct 2002
                              • 6780
                              #8
                              [QUOTE]Originally posted by beemk
                              if it sounds too good to be true, it probably is. but if you have $ to invest in real estate right now is the time to do it with mortgage rates so low and it being a buyers market. /QUOTE]


                              yeah got $ to invest just dont know where/how to start
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                                • chowda
                                  Confirmed User
                                  • Jun 2003
                                  • 9527
                                  #9
                                  [QUOTE]Originally posted by xxweekxx
                                  Originally posted by beemk
                                  if it sounds too good to be true, it probably is. but if you have $ to invest in real estate right now is the time to do it with mortgage rates so low and it being a buyers market. /QUOTE]


                                  yeah got $ to invest just dont know where/how to start
                                  where are u from?
                                  Someone finds you...
                                  2007

                                  PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                    Comment

                                    • xxweekxx
                                      Confirmed User
                                      • Oct 2002
                                      • 6780
                                      #10
                                      Originally posted by chowda


                                      where are u from?

                                      NEW JERSEY / NEW YORK
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                                        • chowda
                                          Confirmed User
                                          • Jun 2003
                                          • 9527
                                          #11
                                          oie...
                                          i doubt ull find any deals on nyc, nj... i believe they are tax lien certs...


                                          whats ur icq? mine is 1 52179941
                                          Someone finds you...
                                          2007

                                          PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                            Comment

                                            • SexySarah
                                              So Fucking Banned
                                              • May 2003
                                              • 1076
                                              #12
                                              don't be so fucking cheap

                                              it's only $60

                                              no one can guarantee you'll make money at anything

                                                Comment

                                                • GoGoBar
                                                  Confirmed User
                                                  • Sep 2002
                                                  • 1439
                                                  #13
                                                  Originally posted by xxweekxx



                                                  NEW JERSEY / NEW YORK
                                                  And you won't be at the BBQ?!

                                                    Comment

                                                    • Vox
                                                      Confirmed User
                                                      • Mar 2002
                                                      • 2710
                                                      #14
                                                      Originally posted by xxweekxx



                                                      so not worth it?
                                                      Worth it, but only during a recession. It's very hard to find a decent foreclosure property right now when the housing market is so hot.

                                                      My last big score was 4 years ago, got a waterfront home with 20 000 sq./ft lot, and only 10min. from downtown Montreal at only 112k
                                                      If I put it on the market today, it can easily fetch 500k.
                                                      Social profile assassination for hire

                                                        Comment

                                                        • Pornwolf
                                                          Drunk and Unruly
                                                          • Jan 2002
                                                          • 22712
                                                          #15
                                                          Hold on a few months. The NY real estate market has been getting soft and should bottom out shortly. Even though a 1 bedroom can cost $350k plus $1,000 a month in maintenance and taxes it's the best place to buy. Edgewater and Ft. Lee NJ are running a close second.
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                                                            • NetRodent
                                                              Confirmed User
                                                              • Jan 2002
                                                              • 3985
                                                              #16
                                                              Originally posted by Vox


                                                              Worth it, but only during a recession. It's very hard to find a decent foreclosure property right now when the housing market is so hot.

                                                              My last big score was 4 years ago, got a waterfront home with 20 000 sq./ft lot, and only 10min. from downtown Montreal at only 112k
                                                              If I put it on the market today, it can easily fetch 500k.
                                                              Montreal was great during the recession. We need another referrendum to kill the economy.
                                                              "Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."
                                                              --H.L. Mencken

                                                                Comment

                                                                • HowlingWulf
                                                                  Confirmed User
                                                                  • Nov 2001
                                                                  • 1662
                                                                  #17
                                                                  They're called tax liens. You pay the back taxes owed on the property for the owner. If the owner doesn't pay the back taxes and the bank holding the mortgage doesn't pay the taxes (very rare) after a period of time then you can apply to get title, with usually a 2 year redemption period for the original owner to reclaim. If they do pay you get your money back plus the interest rate set by the state you bought it in. Yay. There are many pitfalls to avoid if you pursue this route which I won't bore you with. Not for the inexperienced.
                                                                  WP Porn directory/review theme Maddos $35.

                                                                  webmaster AT howling-wulf.com

                                                                    Comment

                                                                    • chowda
                                                                      Confirmed User
                                                                      • Jun 2003
                                                                      • 9527
                                                                      #18
                                                                      Originally posted by Vox


                                                                      Worth it, but only during a recession. It's very hard to find a decent foreclosure property right now when the housing market is so hot.

                                                                      My last big score was 4 years ago, got a waterfront home with 20 000 sq./ft lot, and only 10min. from downtown Montreal at only 112k
                                                                      If I put it on the market today, it can easily fetch 500k.
                                                                      hit me up! 152179941
                                                                      Someone finds you...
                                                                      2007

                                                                      PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                                                        Comment

                                                                        • Vox
                                                                          Confirmed User
                                                                          • Mar 2002
                                                                          • 2710
                                                                          #19
                                                                          Originally posted by chowda


                                                                          hit me up! 152179941
                                                                          With an aluminium bat. Done.
                                                                          Social profile assassination for hire

                                                                            Comment

                                                                            • pimplink
                                                                              Confirmed User
                                                                              • Jun 2001
                                                                              • 9535
                                                                              #20
                                                                              Don't get suckered. Those homes are in the South and other marginal areas.


                                                                              Originally posted by xxweekxx
                                                                              Was watching this John Beck informercial last nite, the guy was talking about buying govt seized properties of people who didnt pay their taxes..

                                                                              Here's the guys link, http://www.johnbeck.tv/

                                                                              Basically he bought all these nice houses madd cheap..

                                                                              Like a $200,000 house, he just paid of the tax the former owner owed( like $5,000) and the house was all his...


                                                                              Is this shit true? and where can i get a list of property like that.. hehe real estate doesnt sound too bad..

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                                                                                • Serious jd
                                                                                  Confirmed User
                                                                                  • Jun 2003
                                                                                  • 103
                                                                                  #21
                                                                                  Originally posted by HowlingWulf
                                                                                  They're called tax liens. You pay the back taxes owed on the property for the owner. If the owner doesn't pay the back taxes and the bank holding the mortgage doesn't pay the taxes (very rare) after a period of time then you can apply to get title, with usually a 2 year redemption period for the original owner to reclaim. If they do pay you get your money back plus the interest rate set by the state you bought it in. Yay. There are many pitfalls to avoid if you pursue this route which I won't bore you with. Not for the inexperienced.
                                                                                  so you can't sell the property to someone else for 2 years?

                                                                                    Comment

                                                                                    • chowda
                                                                                      Confirmed User
                                                                                      • Jun 2003
                                                                                      • 9527
                                                                                      #22
                                                                                      Originally posted by Serious jd


                                                                                      so you can't sell the property to someone else for 2 years?
                                                                                      correct me if im wrong.. but a TLC is like buying a bond but with options

                                                                                      TLC's allow u to be first in line even b4 the mortgage/bank

                                                                                      if they dont pay their TLC, the house is urs. FREE and CLEAR of back taxes and mortgages

                                                                                      if they do pay, u get a higher interest rate on the money..

                                                                                      Sounds easy eh? hehe try it out and see
                                                                                      Someone finds you...
                                                                                      2007

                                                                                      PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                                                                        Comment

                                                                                        • twistyneck
                                                                                          So Fucking Banned
                                                                                          • Jan 2002
                                                                                          • 4660
                                                                                          #23
                                                                                          A friend of mine did the Carlton Sheets thing a few years ago and the fucker made HUGE cash. Had his first house in a month or so and he never looked back. It's not for me but if I was inclined to try an informercial product, that would be the one.

                                                                                            Comment

                                                                                            • chowda
                                                                                              Confirmed User
                                                                                              • Jun 2003
                                                                                              • 9527
                                                                                              #24
                                                                                              Originally posted by twistyneck
                                                                                              A friend of mine did the Carlton Sheets thing a few years ago and the fucker made HUGE cash. Had his first house in a month or so and he never looked back. It's not for me but if I was inclined to try an informercial product, that would be the one.
                                                                                              whats a few years? give some numbers
                                                                                              Someone finds you...
                                                                                              2007

                                                                                              PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                                                                                Comment

                                                                                                • maxjohan
                                                                                                  Confirmed User
                                                                                                  • Dec 2002
                                                                                                  • 7219
                                                                                                  #25
                                                                                                  www.buywithnocredit.com

                                                                                                  I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                                                                                    Comment

                                                                                                    • twistyneck
                                                                                                      So Fucking Banned
                                                                                                      • Jan 2002
                                                                                                      • 4660
                                                                                                      #26
                                                                                                      Originally posted by chowda


                                                                                                      whats a few years? give some numbers
                                                                                                      This would be back in 2000 - 2001. At one point he said he was netting about $10k a month, never asked to see a bank statement. He did pick up a new Lincoln Navigator and a huge fucking house so he must have been doing okay. In fact, he quit his job about 6 months after starting all of this and his job paid about $60k/yr.

                                                                                                        Comment

                                                                                                        • Vox
                                                                                                          Confirmed User
                                                                                                          • Mar 2002
                                                                                                          • 2710
                                                                                                          #27
                                                                                                          Originally posted by maxjohan
                                                                                                          www.buywithnocredit.com

                                                                                                          Save your 97$, I'm about to reveal the secret...... Co signor
                                                                                                          Social profile assassination for hire

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                                                                                                            • maxjohan
                                                                                                              Confirmed User
                                                                                                              • Dec 2002
                                                                                                              • 7219
                                                                                                              #28
                                                                                                              So you say $97 is much ...when you can make thousands in return?.. I think it may be a good bet if you want to do real estate.. but I haven't bought that book.

                                                                                                              I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                                                                                                Comment

                                                                                                                • maxjohan
                                                                                                                  Confirmed User
                                                                                                                  • Dec 2002
                                                                                                                  • 7219
                                                                                                                  #29
                                                                                                                  + you get a money back gurantee for 90- days.


                                                                                                                  I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                                                                                                    Comment

                                                                                                                    • chowda
                                                                                                                      Confirmed User
                                                                                                                      • Jun 2003
                                                                                                                      • 9527
                                                                                                                      #30
                                                                                                                      Originally posted by maxjohan
                                                                                                                      So you say $97 is much ...when you can make thousands in return?.. I think it may be a good bet if you want to do real estate.. but I haven't bought that book.
                                                                                                                      yeah but any kind of info can make u thousands..
                                                                                                                      its alot of experience, going out there, and learning

                                                                                                                      if someone showed me all the ropes to making a tgp, i would be happy. but it aint like that now is it.
                                                                                                                      Someone finds you...
                                                                                                                      2007

                                                                                                                      PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                                                                                                        Comment

                                                                                                                        • xxweekxx
                                                                                                                          Confirmed User
                                                                                                                          • Oct 2002
                                                                                                                          • 6780
                                                                                                                          #31
                                                                                                                          Originally posted by Vox


                                                                                                                          Save your 97$, I'm about to reveal the secret...... Co signor
                                                                                                                          reveal it ???
                                                                                                                          _________________
                                                                                                                          I am the best

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                                                                                                                            • maxjohan
                                                                                                                              Confirmed User
                                                                                                                              • Dec 2002
                                                                                                                              • 7219
                                                                                                                              #32
                                                                                                                              I agree chowda
                                                                                                                              I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                                                                                                                Comment

                                                                                                                                • HowlingWulf
                                                                                                                                  Confirmed User
                                                                                                                                  • Nov 2001
                                                                                                                                  • 1662
                                                                                                                                  #33
                                                                                                                                  Originally posted by chowda


                                                                                                                                  correct me if im wrong.. but a TLC is like buying a bond but with options

                                                                                                                                  TLC's allow u to be first in line even b4 the mortgage/bank

                                                                                                                                  if they dont pay their TLC, the house is urs. FREE and CLEAR of back taxes and mortgages

                                                                                                                                  if they do pay, u get a higher interest rate on the money..

                                                                                                                                  Sounds easy eh? hehe try it out and see

                                                                                                                                  That's right but with some small print. One of those is if the IRS also has a lien against the house, that trumps the TLC and you get fuckall. However, most TLCs are for vacant land, so check to see if its a worthless plot. Those TLCs on property are usually redeemed before they mature. If the owner doesn't pay, the bank holding the mortgage isn't going to let some netwit wipe out their investment for a few k.
                                                                                                                                  WP Porn directory/review theme Maddos $35.

                                                                                                                                  webmaster AT howling-wulf.com

                                                                                                                                    Comment

                                                                                                                                    • chowda
                                                                                                                                      Confirmed User
                                                                                                                                      • Jun 2003
                                                                                                                                      • 9527
                                                                                                                                      #34
                                                                                                                                      Originally posted by HowlingWulf



                                                                                                                                      That's right but with some small print. One of those is if the IRS also has a lien against the house, that trumps the TLC and you get fuckall. However, most TLCs are for vacant land, so check to see if its a worthless plot. Those TLCs on property are usually redeemed before they mature. If the owner doesn't pay, the bank holding the mortgage isn't going to let some netwit wipe out their investment for a few k.
                                                                                                                                      true. if there is a big enough mortgage on the property, the bank would be most likely to bid on the TLC as well
                                                                                                                                      Someone finds you...
                                                                                                                                      2007

                                                                                                                                      PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                                                                                                                        Comment

                                                                                                                                        • thetrog
                                                                                                                                          Confirmed User
                                                                                                                                          • Jun 2003
                                                                                                                                          • 157
                                                                                                                                          #35
                                                                                                                                          Originally posted by beemk
                                                                                                                                          if you have $ to invest in real estate right now is the time to do it with mortgage rates so low and it being a buyers market.
                                                                                                                                          Sorry, but you don't know what you are talking about.

                                                                                                                                          It's a seller's market, not a buyer's market. All lower interest rates have done is drive up prices and create a seller's market.

                                                                                                                                          Personally, I'd wait for the real estate market to go back down, which will be inevitable when interest rates rise. Even foreclosures tend to be overpriced these days.
                                                                                                                                          Last edited by thetrog; 07-10-2003, 05:45 AM.

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                                                                                                                                            • HowlingWulf
                                                                                                                                              Confirmed User
                                                                                                                                              • Nov 2001
                                                                                                                                              • 1662
                                                                                                                                              #36
                                                                                                                                              Originally posted by thetrog


                                                                                                                                              Sorry, but you don't know what you are talking about.

                                                                                                                                              It's a seller's market, not a buyer's market. All lower interest rates have done is drive up prices and create a seller's market.

                                                                                                                                              Personally, I'd wait for the real estate market to go back down, which will be inevitable when interest rates rise. Even foreclosures tend to be overpriced these days.

                                                                                                                                              Ditto on this, at least in my area.
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                                                                                                                                                • chowda
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Jun 2003
                                                                                                                                                  • 9527
                                                                                                                                                  #37
                                                                                                                                                  when do u guys think it will go down
                                                                                                                                                  interest rates wont be high for some time for u guys down in the states...
                                                                                                                                                  Someone finds you...
                                                                                                                                                  2007

                                                                                                                                                  PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                                                                                                                                    Comment

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