Zero Risk Real Estate: Creating Wealth Through Tax Liens and Tax Deeds

Chapter 7

Liquidation and Cashing In

Money is not the most important thing in the world. Love is. Fortunately, I love money.

—Jackie Mason

Now that you’ve foreclosed, you’re the proud owner of a property you were able to smartly acquire for far less than its market value. What that means is that you’re sitting on a gold mine that could bring you a tremendous return. The key is to determine the most effective way to manage this deal so you’re sure to get the full benefit of your investment.

But any time you consider any kind of investment, you need to evaluate several key factors. These include the cost, the risk, the return, objectives, time period, and of course—cashing in.

When I wrote the book Cashing In on Pre-foreclosures and Short Sales (Wiley, 2009), I spent a great deal of time talking about the need for developing an exit plan before you even start, and building a team that can help you realize those objectives quickly. This type of investing is no different, except that you are dealing directly with counties as the seller, as opposed to distressed individuals.

In this chapter, we’re going to take a look at your exit plan and the choices you have for cashing in. After all, that’s the fun part!