Before you can do any of the methods we talked about in previous posts, you are going to want to spend some time and some money in cleaning up the property. You never know what the interior structure will be like until you actually go into it (we had one property that had a dead body in it – that was a bummer).

In most cases you are going to want to do some painting and in some jurisdictions you will have to bring the property up to code before you can sell it. Interestingly enough, in some of those jurisdictions, you can rent it without bringing it up to code. If you are fortunate enough to have tow or three properties that you take to deed, you want to hire a local contractor to do the fix up work.

In my experience, a very large percentage of the single family residential properties that we took deed to were rental properties. Right after you insure it you inform the tenant that the rent check will now be made out to you, and you ask them if they are interested in buying the house if the terms are right. We sold a number of houses to the tenants on “contract sales” or where we carried the paper.

The tenants know the house, they are already living there so they have no moving expense – in fact, and they avoid moving expenses they would incur if you sell it to someone else. The other nice thing is that the tenant that buys the property seems to take care of it than when they were just a tenant. Since you still have an interest in the property, this is important to you.

FREE Online Workshop

Join us Monday,  December 14, at 9:00 PM Eastern Time

Click on the logo to the LEFT to Reserve Your Spot Now - It's Free!

I want to invite you to a FREE online Tax Sale workshop Monday,  December 14th, at 9:00 PM Eastern Time. At the workshop, you're going to discover how to get started with tax liens and deeds in the quickest, easiest way possible and make money in as little as 30 days, even if you don't have a lot of money to invest right now.

And because it's a LIVE online workshop, you'll be able to ask questions throughout the event.

Plus, you'll quickly discover:

How To Start Buying Tax Liens and Deeds With Less Than $500 And Still Make Very Good Money...

The 3 BIGGEST trends for Tax Sale properties in 2009... and how YOU can use them to get ahead of everyone else trying to get in on this hot market right now...

How a 65 year old retired man on Social Security made over $157,326 in 120 days, starting with just a $900 investment - and how you can too...

How to make a Full-Time income, while only working in your spare time from home...

How to buy yourself a house for less than $1,000...

REAL-LIFE "Case Studies"... complete with actual results and action steps you can use to make money with tax sales - including how one man took his piggy bank saving of $596 and turned it into a $45,350 net profit in less than 9 months

... and Much, Much more!

This Online Workshop is absolutely free, but you must register NOW to lock-in your spot and get the special phone number and website page.

Almost every tax sale workshop we've ever done has been completely BOOKED SOLID, so if you want in - please register immediately.