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The Ultimate Foreclosure Kit: The Complete Beginner's Guide to Real Estate Tax Lien and Tax Deeds By Don Sausa ( The Vision Press )
Release Date: 2007-01-01
Average Customer Rating:
List Price: $19.99
Price: $19.99
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Product Description
The ultimate foreclosure kit is here! Learn how to buy government instruments for a fixed and safe return of 16 percent or more. It's practically like investing without losing. Also learn how to buy properties below market value through tax foreclosures.
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Simple and Informative!
This is a simple get-it-started book. Worth the money. I use it as a bedside reading reference on my journey into this subject. It got me very interested to learn more!
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Good, but newer version is out
I would recommend this but there is a newer version of the Ultimate Foreclosure Kit, which is the Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series by the same author. You should search by the ISBN number (0978834682) to find it. Found that out the hard way. I suggest getting only one of the books rather than both.
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Very effective.
The foreclosures covered in this book relates to tax deeds. Basically you could own properties for one tenth the price. The things I liked about this book were mainly that...
PROS:
a.) It's written by an investor. According to his bio page, he actually invests in tax liens and foreclosures. It's not a person who writes for a living and cares about proper grammar structures, but actually someone that has experience in what he's talking about.
b.) The book is for the average Joe. Some of the foreclosure books I've read took 3-4 chapters in before you learn anything. Some books don't even tell you how to do it, they just tell you how wonderful it is to be rich and being able to invest.
CONS:
a.) I think the web site for the book could be better designed. Not really a fan of white text on black background. But heck, it's free and you don't have to pay anything extra to get updates.
TABLE OF CONTENTS:
Day 1: Know The Types of Auctions
Day 2: Before You Start (Learn how to finance your investments, even from strangers online...)
Day 3: Where To Find Tax Auctions
Day 4: Research Before The Auction
Day 5: Bidding Types And Strategies
Day 6: Flipping Tax Deeds With Ease
Day 7: Conclusion
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 Concise
I should have spelled that 'concice' to match the book! This book was straight to the point (less than an hour to read) but had lots of grammar, spelling and sentence structure errors. One paragraph had three errors in it! If you can get around that, plus the fact that this book is really more like a booklet, you'll find that it's ('its') loaded with great information!
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Invaluable
One of the best books I've read on tax liens and tax deeds/government foreclosures. You don't buy this for bank foreclosures but for government foreclosures (which is often more common in some areas). I used this in time for Arizona auctions (occuring in late Jan and Feb) and so far the checklists and strategies hasn't done me any wrong. The maximum returns in Arizona is roughly 16% but you bid down to win. I was able to secure an average 13% on the tax lien instruments.
Some of the helpful things I liked were as follows:
(1) Online web resources that gave updates on upcoming tax auctions
(2) Tax lien calendar in the book that shows approx month each state holds their auctions.
(3) Easy to read and understand without any technical or law jargon.
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