Foreclosure Infomercial
What’s the deal with John Beck’s Free & Clear Real Estate System?
This infomercial states that you can buy tax foreclosure properties for hundreds of dollars. I realize that there must be some kind of a catch to this.( not to mention the obvious, this guy supposedly made millions of dollars doing this, yet he needs to charge you $40 to get the start-up package), I was wondering what the catch is. Can anyone tell me what the catch is?
Each state has it rules on this. There is no catch. However, the homes you see are rare because the home most likely needs to be owned free and clear and owned by the mentally ill, the elderly or someone who died with no known kin. The reason being is that if there is a loan/mortgage on the house, the lender will step in and pay the taxes to protect it’s interest in the property. So let’s assume that the home is free and clear (no loans or liens), then you have to ask yourself, why doesn’t the owner(s) pay the property taxes to prevent the loss of the property? That said, don’t let that discourage you as this is just one of many ways to invest in real estate and the opportunities do exists.
The best way to learn how to purchase homes via the tax auctions or tax certificates is to pick up a book called “Make Money in Real Estate Tax Liens : How To Guarantee Your Return Up To 50%” # ISBN-10: 0471692867
# ISBN-13: 978-0471692867
You can also read up on it on www.reiclub.com
Good Luck
Bank Debt Direct Infomercial
