Overages Investing – What it is, and How to Make Huge Profits From It
Overages investing is a very new concept, and one that almost no Real Estate investors even know. “Investment” is a misnomer in this case, because you do not hold property for any length of time a boatload of cash to open it. Still learning the basics of “overages invested” will make you the returns that any other form of Real Estate investing stores, and none of the risk.
First, what are overages? Real estate overages is created when there are more bids at tax sale or sheriff’s sale as due in back debts. This is usually due to overages back to the original owner, and he or she can collect them as easily as a form or send a request in the letter. Unfortunately for them, many of these owners avoid doing something with their tax or bond as they pay more, and miss a notice of the funds and leave them behind when they move.
Overages invested reunification of these owners with their funds for a finder’s fee. Those who practice in the general investing overages do it right with their tax or tax lien property investment business (and stumbling on it accidentally in the process of learning their business). You can make this one of a few ways: by simply not enter into an agreement to share information for a percentage, by purchasing the rights to the overages, or by investing in the property and therefore entitled to some of the overages yourself.
The basic principle of overages to invest? Find records of overages, find their way owners, and to reunite with the missing money (the source of what you keep secret) for a percentage. And because these funds are regulated by state law, you can 50% or more to pay, depending on the case. When it comes to Real Estate overages in the tens of thousands of dollars, you see five-figure finder’s fees per transaction
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