Scam? Jack Bosch Land Profit Formula- Does It Work?
Jack Bosch’s Land Profit Formula system has been all over the internet lately. I actually heard he did a $2M launch for a training course earlier this year. I have to laugh to myself when I see all the hype about the “Land Profit Formula” because Jack Bosch is a smart guy, a shrewd businessman, and most importantly, a brilliant marketer- because what he all he really does is “grab deeds.” It’s not magic, and it’s not really a big secret (although very few people know about it), and I’ve been doing it for years. You can do it too.
I’m not going to give away all the secrets in this article (you’ll have to visit my website for that), but I will tell you this: investing in tax delinquent properties is key if you want to make a killing in real estate. When you hear about tax sale properties, though, most people think of investing in tax liens and deeds at the government auction. I’ll give you the top reasons why that is faulty, and why you should leave government tax auctions to the newbies and the big tax investment companies.
First of all, there is too much competition. With the popularity of real estate investing infomercials in recent years, everyone is trying on their hat as a “real estate investor.” It’s understandable, since real estate investing is the best way to build a secure financial future for yourself and your family. But it also means that good deals are no longer to be had buying at these government auctions. Most properties will be bid up to close to what you’d pay on the open market, so you’re not going to score big on equity there.
Second of all, it’s too risky. If you’re looking to acquire property and are bidding on liens, they almost always get paid off. And if you’re just looking for a good interest rate on your lien, you take the risk that the lien WON’T be paid off, and you’ll end up with an unwanted property (that may have deteriorated considerabley while you held the lien) that you paid almost retail value for! It’s a lose-lose proposition all the way around.
Most investments involve risk, and I might recommend taking the above risks if there weren’t simply a much easier, much more profitable way that anyone can do. It involves contacting owners at a strategic time in the process when they’re primed to sell for pennies on the dollar. There’s almost no competition with deed grabbing, you’ll make a LOT more money doing it, and there is property after property after property to go after- thousands upon thousands in some counties! My first deed grabbing venture netted me $7,375.75 in a matter of weeks, virtually risk-free. So I’m the first to recommend it.
Go to deedgrabber.info for a free mini course on deedgrabbing.
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