Investment Property - Foreclosures Are Your Best Bet, Using This Little-Known Investing Method - By: Maggie Dawson

If you're looking to buy investment property, foreclosures are clearly the way to go. They always have been, but especially in today's market, foreclosures are more and more available. If you're just getting started, or even if you're a seasoned investor, learning to use this little-known method of acquiring tax sale property will help double or triple your potential investment income.

It's easy, and it's simply a matter of timing: wait until after properties have already been sold at tax sale before attempting to buy them. There are a few main reasons for this.

1. Someone else (or many someone elses) have already done the research for you. Anything that didn't sell at tax sale is probably worthless, and you can see exactly what properties were hot and how much the big investment companies were willing to bid for them.

2. Once a property has made it through tax sale, you can be relatively sure it doesn't have a mortgage. If it did, the mortgage company would have paid the taxes off to keep from having the mortgage wiped out at tax sale.

3. After the tax sale, owners are especially desperate to sell. Even the sticklers who've held out hoping something would happen to change things now are facing the reality that if they don't move quickly they're going to lose everything.

Since it's still legal in most places to buy after tax sale, but before the redemption period is up (it varies place to place; in some states you can buy all the way until a new deed is recorded), this is definitely the time to approach owners directly. You can often get their deeds for as little as a few hundred dollars, or even less - especially if you're willing to cut them in for some of the proceeds when you sell it in the future.

Another tip that shouldn't be ignored, if you're buying investment property: foreclosures often produce overages. This is the money left over from the bid amount after the debt is owed. The owners are entitled to this money once the government forecloses in many cases, but aren't usually notified properly for any number of reasons. Since this money hasn't passed to the state yet, state finder's fee limits don't apply, and you can legally charge a 30-50% finder's fee for owners you reconnect with their missing overages. Combine that with smart deed investing, and your real estate investing career is virtually guaranteed to bring in five figures a month.

If you're looking to buy investment property, foreclosures are clearly the way to go.

So where to find records of these funds, and how to find their owners? Read the *free* Hooked On Overages "Insider's Guide." Visit http://Tax-Sale-Overages.com now.
Or, learn insider deedgrabbing strategies from this *free* report. Visit http://DeedGrabber.net now.