Zack Childress review about paying back taxes

Zack Childress review about paying back taxes

Zack Childress review – Tax deeds and tax liens are a lucrative opportunity for real estate investors. If you are laying your hands on it, then it is important that you are aware of the set of laws. Whether you purchase at a live or online auction, potential investors must do their homework in advance to avoid getting burned somewhere in the middle of the process later. Property taxes are the essential component of any county, city, or municipality and it supports all sorts of public services. In general, there are laws to assure that the government collects those finances, be it the delinquent taxpayer or a potential investor with a financial interest in the property.

When a taxpayer fails to pay his/her taxes for a continued period of time, then the taxing authority or entity will place a tax lien on the property and sell the right to collect on that lien to the winning bidder at public sale. An investor who has won the bid will take over the lien and collect the back taxes, plus penalties, and interest accrued for the period from the delinquent taxpayer. The delinquent taxpayer does have any rights to sell or refinance the property until the debts are paid off. Having said that, when the taxpayer fails to pay the taxes, the lien holder can foreclose the property and benefit from that! As far as Florida and other few states are concerned, bidders at a tax lien auction tender interest rates on the certificate down, with the winner being the bidder who consents to agree to the lowest interest rate. Whereas, in other states, the taxing entity advertises the real estate outright at a tax deed auction, with an opening bid of the sum of back taxes owed plus fees. Tax auctions take place at a designated location, live or online and the winning bidder should pay the full amount immediately.

  • Protected by the local government tax code, compared to other types of real estate investments, the biggest advantage in buying tax liens or deeds is that they are safe and less risky. With no commission to pay out of the profit margin, it involves direct dealing with the government. Having said that it is very rare that the taxpayer or property owner will not pay the back taxes owed, however, the tax lien investor gets a good return on investment in the form of interest accrued for the tax amount paid. Depending on the state, and the interest rate, a lien holder can enjoy making greater profits, for example, in Georgia tax lien certificates pay 20 percent, while in Illinois they pay 36 percent, and the interest goes up to as high as 50 percent in the subsequent years.
  • While the concept of buying a property for as little as the back taxes payable is smart, it is not as easy as it seems and if it was that easy, then everyone would be doing it. Even though they are less risky, there are certain potential pitfalls that are worth to note; hence, it is important that you do your due diligence. Before attending an auction with the intention of bidding and buying, experts recommend that you observe one of them, in order to have a clear idea about how it functions. Tax liens and deeds, apart from being available on residential properties, they are also available on commercial and other types of properties like ranches, vacant land and so on.

Hope you found this article helpful, for more eye-opening real estate investing articles stay tuned to Zack Childress blogs. Zack Childress is a real estate entrepreneur who has helped thousands of real estate enthusiasts by teaching real estate principles, markets, and finance. His boot camps and seminars are a blessing to people who wanted to make it big in the field of real estate. Sign up for Zack Childress real estate reviews to stay up to date on real estate concepts and make secure investments with the guidance of this connoisseur who will guide you every step of the way.

Zack Childress review about out of state real estate investments

Zack Childress review about out of state real estate investments

Zack Childress review – Out of state real estate investments is a major commitment, which involves loads of risk. Being prepared with the right information, local market knowledge both at the city level and at the neighborhood level is highly essential, together with this you need to work out on the additional warning out of state investing throws at you. This article is an eye-opener for those who are planning to invest out of state.

Never buy a property if you have not seen it. Most of the times, the property may not be what you think it is and the worst part is that, the information online can be out-of-date and the local real estate agent or property owner who is not looking out for best interests might not the person to trust. Regrettably, if you accidentally befall to be the proprietor of a nuisance property that violates certain laws, then you will be in endless trouble, which is time-consuming and expensive to fix. With that said, in certain cases the property might be vacant for more than en expected period of time, which can cause maintenance issues or any poor condition and eventually this, could result in demolition bill, so it is important that you go for a pre-inspection.

Good tenants matter. As far as absentee landlords is concerned, it is a must to find quality tenants especially if you won’t be there to keep a close eye on the behavior of the tenants and their treatment of the property, nor will you be there to demand them to pay if the rent is past due. Even though you may hire the best property management company, you should be responsible enough to appoint tenants that will not cause you or your property management company any annoyance.

Not knowing the rules, there are chances for you to get yourself into a lot of trouble if you fail to follow certain things when investing out of state and in addition, this might cost you significant money and headaches. So, it is a must to be aware of things that will help you have the best ROI.

Lack of familiarity with local economic conditions is the foremost concern when you are planning to invest out of state. Apart from trusting just mere word of mouth, research, gut instincts, and the opinions of any professionals you hire, it is important that you should do your due diligence. Well, now that you are aware of the challenges, do not forget to do your research and make sure that you are not trapped to out of state real estate investing scams.  Hope you found this article of Zack Childress review about out of state real estate investments useful, stay tuned to unearth more information about real estate investing.

Zack Childress review about tax lien real estate investing risks and how to avoid them

Zack-Childress-review-about-tax-lien-real-estate-investing-risks-and-how-to-avoid-them

Zack Childress review – Tax lien investing is one of the easiest roads to riches in the world of real estate. Being the pursuit of seasoned investors, it offers bountiful returns; however, there are chances for you to get burned easily, if you are not doing your research. This piece of writing will walk you through the risk factors involved in tax lien investing and how to avoid them. This in turn will help you make a safe and sound investment.

Such a property doesn’t exist: In general, tax lien properties are available for sale at scheduled tax auctions, whereas, this is not the case with some counties. Depending on the county, the sale happens directly, or over the counter, or at the county courthouse. Not taking into consideration, the sale method, there is a publicly accessible list of real estate properties that shows available liens for sale. Though uncommon, that list can have certain inaccuracies, but experts say that it is to no purpose of, for the list to have an address that doesn’t even exist. In order to avoid this potential risk, it is always a must to physically visit and inspect the property.

Damaged/ useless property: Savvy investors always have a look at the list of properties that have tax liens for sale, look out for the contents and the general description the list shows, and have a keen look at the improvements that have been made along with the assessed value. Highly helpful for investors in determining and understanding the property’s state of affairs, but to take a decision based only on that is something unadvisable and the sad thing is that sometimes even the well-informed investors go for it. Sometimes the description might miss out major repairs and changes that the property is in need of. For instance, if a wildfire recently destroyed all buildings on the property that may not be updated on the description list; in order to overcome this issue, again you should visit the property in person and look out for such damages if any. There exist quite a few properties that are ineffective, for e.g. a strip of grass that is 10 feet wide, and 400 feet long that is more or less one acre in size seems to be a lucrative investment, but what if local building codes or zoning ordinances require a 30-foot easement on all sides? In this case, the land could not have anything built on it, which makes the property useless. Again personally inspecting the property is the best way to stay away from this potential problem.

Hope you found this article helpful, for more eye-opening real estate investing articles stay tuned to Zack Childress blogs. Zack Childress is a real estate entrepreneur who has helped thousands of real estate enthusiasts by teaching real estate principles, markets, and finance. His boot camps and seminars are a blessing to people who wanted to make it big in the field of real estate. Sign up for Zack Childress real estate reviews to stay up to date on real estate concepts and make secure investments with the guidance of this connoisseur who will guide you every step of the way.

Zack Childress review about Tax lien real estate investing

Zack-Childress-review-about-Tax-lien-real-estate-investing

Tax lien real estate investing is an attractive avenue to make great profits, but you can easily get burned if you are not doing your research. With potential risks, tax lien investing offers substantial rate of return, but nothing great ever came that easy meaning, it has its own risks. While not many of them are aware of such investment avenue, if you have chosen tax lien business as your real estate investment vehicle, then it is good to be aware of the facts and fictions surrounding it. Therefore, it is imperative to know the nitty gritties of it and this post is an attempt to unveil the essentials and myths of tax liens real estate investing.

Facts
  • A lien is not an enforcement action taken by the IRS.
  • Approximately 4 to billion dollars in unpaid property taxes are offered for sale to the private sector on an annual basis and having said that, there are some states that do not transfer or assign delinquent real estate taxes to the private sector.
  • Tarnishing your credit history, tax liens are said to have adverse effects on your credit report, however, there are a few perfectly legitimate ways to remove them.
  • In some cases, buying a tax lien certificate does become less than a perfect investment.
Fictions
  • Guaranteed payment: Don’t be fooled by this myth and invest in tax lien without knowing anything, there is nothing like guaranteed payment in liens. Yes, there are laws to protect the lien holder, but that does not mean that you will get paid for sure. Your assurance is the real estate property that you hold a lien against. If the property owner doesn’t disburse the amount he/she is supposed to pay you along with the interest accrued for that particular period, you can always foreclose the property and get paid. There are certain pitfalls in it and that is why it is important to do your due diligence on tax sale properties!
  • If you have heard that liens are one-time investment, then there is no big joke than that. Once you purchase a lien, things aren’t over, but you should keep paying the subsequent liens. This will help protect your interest in the property and moreover new ones will have primacy over the older ones. Hence, you should reserve a chunk of cash for it separately.

Having said all that, these are not the only myths or fictions surrounding tax lien, in fact, there are so many, and that is why it is imperative to do your due diligence. Hope you found this article to be helpful. If you wanted to unveil some more profound knowledge about tax lien techniques, stay tuned to Zack Childress blogs to know more. Educating realtors, Zack Childress real estate reviews are a blessing to beginners who wanted to make quick cash in the field of real estate.

 

Virtual real estate investing – Zack Childress real estate workshop

Before getting to see about anything, let’s have a look at virtual real estate investing. It is the art of being able to run your investment business from anywhere you want with your laptop and your phone.  It’s all about equipping yourself with systems that will allow you to buy and sell your real estate deals through the internet. Well, this may sound simple, but if you are planning to get into it not knowing the strategies then you are sure to get burned, but there is no need to fret and this article is said to help.

Virtual investing systems

There are five steps to it and you will learn how to:

  • Find the right market
  • Build the power team
  • Analyze the deal
  • Process the deal
  • Closing the deal

The best part is that, these aforesaid topics are covered in-depth such that you can get into the investing process without much ado.

Whether you would like to put your real estate business on full automatic or wanted to make a full-on investing time; wouldn’t it be GREAT to spend your time relaxing while your real estate business runs itself? And wouldn’t you like to learn how to do all this and get your Breakfast without much effort, and then it’s very simple, Zack Childress real estate workshop is said to help.

Well, you may be thinking that this workshop is for the level two professionals, well, Zack Childress workshops don’t work that way. Students from all walks of life, have benefitted from our seminars and classes, each with their own unique background, they all have had the same goal in mind: to become successful real estate investors. If you are strong about your goals and wanted to have guidance, then that’s more than enough. We provide our students with real estate coaches and world-class mentoring to help them start, build, and expand their own real estate investing businesses. By the time they complete the real estate program, students have all of the tools and know-how they need to turn real estate investing into a lucrative career. Having been a life-changing experience for every student who has finished the program, take the time to read and listen to some of the success stories of students who have completed one of the most popular real estate training workshops and you are sure to know us better this way.

No matter how justifying we can be in letting you know about the benefits of Zack Childress virtual real estate investing workshop, there’s nothing that can best define it like what the past virtual real estate investing attendees have to say and how beneficial it is to them. So do read what they have to say about it and book yours to unearth magical strategies and scale up your riches.

Zack Childress reviews about red flags of Rental scams and how to avoid them

Zack Childress reviews about red flags of Rental scams and how to avoid them

Apartments for rent signs open the door to a rental scam! by zackchildress

Landlords seek tenants, while scammers seek target in the name of rentals. Whether you are in the market to rent or looking to rent out your home, it is important that you are wide-awake such that you DON’T get locked in the sights of a rental scam trickster who appears to be very loyal and legit.

Red flags of rental scam

When your gut feeling says that something’s not right about a proposed deal together with any of the following scenarios, then you need to take some action to not be deceived by the con artists. Listed below are some of the common things and it includes:

  • The owner of the property or the renter claims to be out of the country.
  • Communication is exclusively by email or over the phone
  • Hush-hush and urgent communication, i.e. when the person seems to be in a hurry and wanted to close the deal ASAP.

For renters:

You should suspect:

  • When the house has a “For Sale” sign but not a “For Rent” sign.
  • When the lock box is broken but the agent having his own or different keys to let you have a look at the property.
  • When the agent or owner is based out of town especially abroad.
  • When the home appears to contain someone else’s personal belongings and the rental sum is lower.

For owners:

  • The “renter” states that he/she is geared up to take the contract sight-unseen, in this case you shouldn’t be less cautious because this is typically a preface to an advance fee scam.
  • After seeing the property the renter requests that you buy things or hire an outworker to carry out some work, in this case, the scammer is the contractor.

How to avoid being deceived?

Whether you are a renter or the proprietor, it is important that you take certain steps that will help you to cut the risk of being scammed. Let’s have a look at what you can do to not get deceived by these crooks.

  • Confirm the identity of the person you’re dealing with and know their name and address and get their notarized ID. On the other hand, for renters, you should be able to confirm ownership of the property on county registers.
  • Check out average rental prices in the locality.
  • Never rent or lease a home sight unseen. No one would really agree to such a thing, so it goes without saying that it is a scam.
  • DO not trust anyone who asks you to wire money to someone whom you have not even seen or don’t know irrespective of how convincing their story is.

Why should you attend Zack Childress freedom from flipping workshop?

Why should you attend Zack Childress freedom from flipping workshop?

Being a part of real estate business is no easy thing; it is a serious commitment which requires a lot of planning, time, and money. Depending on the state laws, sometimes even the savviest real estate professional tend to fumble, but this is not the case if you attend Zack Childress freedom from flipping workshop. While, there are several reasons as to why you should be attending this seminar, one of the main reasons is because the market has changed and so should you. The same old techniques no longer exist. Seeing that a good workshop can change your entire life, it is a must that you attend this workshop, also its one of the fastest ways to boost your career, and one of the best ways to stay up to date in the tech world. Now that we have seen why you should attend it, let us have a look at what are the things you will get to learn.

  • How to Flip Contracts for Quick Cash and How to Flip Properties for BIG 5-Figure Paydays
  • How to Get Access to the Money to Do as Many Deals as You Desire
  • How to Tap Into an Unlimited Source of Buyers Your Competition Doesn’t Know About
  • How to Maintain a Steady Flood of Daily Deals in Your Pipeline
  • How to Spot the Most Profitable Deals that Put the Most Money in Your Pocket
  • How to Build an Automated Business that Runs Without You and Continues to Pay You While You Do What You Love to Do

Apart from learning the aforesaid things you will also be able to create an individual plan, building your master team, the money resources types of capital, finding the right markets, identifying zip code buying zones, in the first day of the workshop and much more on the consecutive days.

Having said all that, as you implement the strategies explained in the workshop, you will be able to pull off the following things with ease.

  • Pay Off All Your Past Due Bills or Lingering Credit Card Balances
  • Start Building (or Rebuilding) Your Retirement Account so You Never Have to Worry About Running Out of Money During Retirement
  • Quit Your JOB and Live Your Life in Freedom

On the whole, Zack Childress reviews about freedom from flipping workshop are something that you shouldn’t miss out. Real estate flipping has its own opportunities and obstacles, if you are still leery, then consider Zack Childress consultation because a professional’s guidance is said to help and Zack Childress tried and true investing methods is said to help you in countless ways and the insider reviews will help diversify your real estate investment portfolio.

Zack Childress Reviews-A Complete Guide on Student Loans and Repayment Schemes

zack childress reviews-a complete guide on student loans and repayment schemes

Zack childress reviews student who pursues their under-graduate or post-graduate education will be applying for student loans. The students may or may not repay their debts. The main reason for payment default is increasing interest rates.

Zack Childress provides solutions for the investors to avail student loans without getting involved in a fraudulent activity.

Benefits of Federal student loans

To avoid such student loan scams and overcome inflation,federal student loans are offered with fixed interest rates. The solution is student loan refinancing. The borrowers have to save money in order to repay their student loans. The money can be saved by refinancing the auto loan or mortgage.

There is even consolidation option which helps the students to manage funds. Federal student loans offer cost-saving benefits. There are certain rules and regulations. You can avail a range of repayment loans. These loans are offered for a term for 20 to 25 years where you can even withhold your monthly dues if you are facing a financial crisis. As the rules are framed by federal law, there will be no scam related issues which provides security for the students.

Refinancing student loans

Refinancing federal student loans into private loan can be done as per the federal law whereas the other way is not possible.

Zack complains about the drawbacks of federal student loans.

  • You cannot avail income-driven plans.
  • Repayment assistance programs
  • Disability and demise
  • Rehabilitation problems

The pros and cons of refinancing have to be scrutinized before investing in federal student loans. The cost-saving benefits are one valuable advantage. The investors have to assess the tolerance of risk.  The reality hits them hard when they receive the first bill after graduation which is the prime time for every grad student to pay their loans. When you get upgraded to a particular lifestyle and start living, you get used to it and when you face a pitfall, you cannot accept it.

  • Undergraduate students can borrow between $5,500 and $12,500 per year
  • Graduate students can receive up to $20,500 each year

Student loans are applied and with that money they have to manage the following,

  • Tuition fees
  • Lodging
  • Food
  • Travel expenses
  • Car expenses
  • Books ,laptop, phone
  • Clothing
  • Entertainment
  • Personal expenses
  • Miscellaneous

Keep track of your monthly expenses and fix a budget. Students who think these loans are expensive can go for a college charging less. Apply and avail scholarships if you are financially backward.

What if these students’ loans are not repaid?

The students have to work either part-time or take up some job to repay these loans. The payment default has caused a huge loss to nation’s economy as recent survey reports concluded that humongous debt is due which is to be paid by the students. The late payment results in additional costs like attorney fees, court fee and other costs. Co-signers are also equally responsible for the repayment. In the longer run, the credit score gets affected and you cannot avail loan at one point of time.

Loan forbearance is a condition where payments cannot be made for a stipulated amount of time. The amount spent on lodging can be saved if the students move to micro apartments which are totally affordable. There are many other types of properties in real estate where students can stay till they complete their graduation. To know more about co-signing and other private loans, you can check out REI Quick cash system where Zack Childress has written articles in detail.

 Zack Childress reviews the repayment schemes so as to educate the investors.

How the loans can be repaid?

  • The standard repayment plan: The amount is fixed; the term differs variedly from 10 to 30 years for consolidation loans.  This is one of the best approaches to repay your student loan.
  • Graduated repayment plan: The total amount will be higher than the standard plan.
  • Extended repayment plan is usually extended for 25 years as some students may make defaults in their payment and require some more time to repay their debts.
  • REPAYE is Revised Pay as you earn repayment plan, the monthly payment will be 10 percent of your income and it is calculated based on investor’s income and family size. Outstanding balance if any can be left unpaid which is offered for public interest and for financially backward people.
  • IBR is income-based repayment plan is same as REPAYE, but consolidation loans are excluded.
  • ICR is income-contingent repayment plan where monthly payment is less, 20 percent of income has to be paid.
  • Income –sensitive repayment plan is usually for a term of 15 years.

Take the help of student loan financial adviser to know which repayment plan suits you. You can also talk to college grads to know what are the expenses expected every month and total amount spent for college education. Smart decisions are need to be taken to save some money after knowing the total cost.

 

Zack Childress Guidelines for Historic Real Estate Scams

zack childress guidelines for historic real estate scams

Zack Childress guidelines explains the real estate scandals recorded in the history in this article.

1.The Enron Company

It is located at Texas was started in the year in 1985 which was filed under bankrupt in 2001. The corporation was considered to be one among the 5 largest audit companies and later it got renamed as one of the biggest company that faced an audit failure. The SEC commenced its investigation procedures and accepted to sign a deal with the company which later failed on December 2, 2001. The assets possessed by the bank were 64 billion worth.  The financial statements confused the analysts, economists and investors which led to the downfall of the company.  The former president of the country was sentenced imprisonment for 24 years.

2.The Ponzi scheme

It is a fraudulent operation where income is generated through the new investors and the collected revenue is paid to senior investors.

3.How it worked?

The promoter takes all the money once he gets all the invested money. The scheme stops or halts temporarily when the revenue generated slows down as high returns are required throughout.  The activity recorded worth 65 billion became widely popular which happened in the year 2008 and was given a 150 year imprisonment.

4.Lehman Brothers

An investment bank Lehman which had accumulated assets for 600 billion worth faced a bankrupt on September 15, 2008 and it is considered to be one of the largest ever scam  in the history of real estate, and still there is no accusation filed on any of them.

5.Cendant

A collaborative effort of CUC international and HFS made it possible to start a company called Cendant in December 1997 which dealt mainly with real estate and tourism. The fraudulent activity took place for about a decade and a massive sum of money was accounted under scam. The estimated cost was about 14 billion dollars. The scandal took place immediately after the collaboration and recorded to be largest fraudulent activity in 1990’s. The accused was charged for imprisonment. In October 2005, the collaboration got broke up officially.

6.MF global

It was formerly known as Man official and faced a bankrupt on October 31, 2011. The company dealt with trading, foreign exchange and betting. In December 2014, the company agreed to pay 1.2 billion dollars and 100 million dollar fine as customers faced financial loss. They had 41 billion worth assets.

Zack Childress Real Estate Terms

7.WorldCom

It is newly renamed as MCI; it is a telecommunications company which is considered to be the second-largest phone company. They paid 750 million dollars to SEC owing to the bankrupt filed in 2002 and many investors were affected due to the scam. Around 11,000 employees were laid off. The company has nearly 103 billion worth assets. The CEO got convicted and was kept in a federal prison.

Fannie Mae is actually FNMA paid 400 million dollars to SEC as their financial statements got misinterpreted until 2004.

To know more about historic scams, check out part 2 in REI quick cash system

Zack Childress Tips-How to Avoid Real Estate Investment Risk?

Zack Childress Tips-How to Avoid Real Estate Investment Risk

Zack Childress tips the obstacles that an investor faces while making a real estate investment.

  1. Population: The baby boomers require retirement homes or multi-generational housing, as a result the need for housing units increased. Instead of retail, more health care centers were necessary.
  2. Students often take home loans to stay in an apartment; they shoulder the responsibility of paying debts on time. Their parents are in trouble when they fail to miss out on mortgage payment.
  3. Public or crowd-funding have increased off late to improve infrastructure and quality of life. They have replaced the federal funding.
  4. Demand for office setup: The commercial as well as IT sector is growing drastically and need for space has also increased. Due to this, the work from home policy started as youngsters preferred to work in their comfort zone.
  5. Similarly e-commerce has reduced the demand for retail market space. The consumers have switched over to online shopping as it is easy to pick the products of their choice, wide range of collections, brands and chosen based on their affordability.
  6. Liquidity: The number of lenders is less than number loans to be refinanced. This has made the number of borrowers less and eventually capital gain is becoming low.
  7. Equity trap: unable to sell a property at your desired price. In other words, your cash is in use in another property.To avoid getting trapped, invest in properties that have positive cash flow.
  8. The energy efficient home, conservation on energy, light, water theme has become stronger in order to achieve sustainability in commercial real estate.
  9. Commercial real estate prices on the other hand started to see a rise in the value.
  10. When your properties are not diversified in geography, the overall effect is magnificent. That is, if the properties are wide-spread and when property value declines, the effect is negligible else disastrous.

To know more about risk management, investors can have a look at REI quick cash system.

How to mitigate real estate investment risk?

  1. Improve the prediction: when you are sure that risk is about to happen, then make a strong prediction
  2. Operating expenses should be assumed firmly.
  3. Diversification in terms of stock, risk profile, holding period
  4. Insurance contract: The investor can spend on insurance premium so that if a major loss occurs, the insurance will cover up.
  5. Triple net (NNN), two-party contract are few lease structures that can be taken up to avoid risk
  6. Fixed debt has higher ROI than Floating debt.
  7. One of the frequently used Hedging techniques is allocating funds for future. The reserved funds are used to cover up any unexpected expenses.
  8. Tenants may damage your property; screening will help you to choose the best tenant.
  9. Use cash-on-cash returns and IRR (internal rates of return) which are similar to cap rate.
  10. Be clear with the legislature, follow the law and order.
  11. Stay away from scam. The risks are unavoidable and necessary measures are to be taken at the right time.