099 » REI Tax Sales Part 1 – Mysteries Explained So You Can Stop Avoiding Them and Start Profiting » Corey Taylor
Summary: In this episode, Alex and I are talking with a super-smart investor who specializes in a field of REI that few people feel comfortable venturing into – and in fact – we barely even talk about it around here. But that’s gonna change today as we embark on a killer episode about tax sale investing including tax liens and tax deeds with Corey Taylor. Corey has done just about every kind of REI deal from fix and flips and lease options to subject tos… but he’s carved out a niche in tax sales and profited rather well from it. He freely admits that he’s had some bumps in the road, but he also says that having some failures – especially back when the market crashed – actually provided him great learning experiences and lessons, which have enabled him to crush it since then. We have so much REI tax sales stuff to talk about with Corey that we’re splitting him up into two big, fat episodes! I know I’m interested in hearing what this successful investor and author has to say… so let’s get to it with Part 1… Listen and enjoy: What's inside: 1:00 – Alex tells us about his latest awesome deal 13:16 – Corey tells us what he was doing before REI and how he got into investing 30:23 – The importance of cash flow 30:00 – What Corey’s REI tax business is doing now 36:04 – How to find lists of tax-delinquent properties 42:29 – Markets Corey likes to buy in 49:35 – What mailers Corey uses Bonus Material Mentioned in this episode: Alex and Joe’s Fast Cash Survival Kit <a href="http://www.RealEstateInvestingMastery.com" target="_blank">Real Estate Investing Mastery</a> 1-800-FAIR-OFFER Corey’s website <a href="http://www.TaxSaleTraining.com" target="_blank">Tax Sale Training</a> Corey’s other website <a href="http://www.CashFlowCommanders.com" target="_blank">Cash Flow Commanders</a> <a href="http://www.LumpyMail.com" target="_blank">Lumpy Mail</a> <a href="http://www.Bid4Assets.com" target="_blank">Bid4Assets</a> <a href="http://www.craigslist.org" target="_blank">Craigslist</a> Tweetables: [Tweet "Use leverage carefully; pretend it's poison & get it out of your system fast before it burns you"] [Tweet "If you borrow private money, you've gotta pay them back; stick with it & have multiple exit strategies"] Transcription: <a href="http://www.realestateinvestingmastery.com/wp-content/uploads/2015/03/099-REIM-REI-Tax-Sales-%E2%80%93-Mysteries-Explained-So-You-Can-Stop-Avoiding-Them-and-Profit-from-Them1.pdf" target="_blank">Download episode transcript in PDF format here...</a> Joe: Hey, everybody. Welcome! This is Real Estate Investing Mastery Podcast. We're really glad you're here. We got a special guest as usual. I mean, all of our guests are special. But, this one especially. His name is Corey Taylor and he's with Fortis LLC. And, we're going to be talking about something that we might have talked about once before in the last three or four years - tax sale investing. Tax liens, deeds, things like that, some really cool stuff, great creative ways to get more properties to make more money in this business. But Alex, how are you, my man? Alex: I'm doing well. Doing well. Joe: Good! Working on any deals right now. Alex: Yeah, actually... Unfortunately... Joe: Oh! Alex: We've had some crazy annoying sickness going through the family that one of the kids must have picked up somewhere. And, I got a lead on... When was it? It was Thursday. And, it was Thursday when one of the kids started to come down with it. And, we're just starting to get over it. So, from a little foggy more than normal. And... But... Joe: That's cool! Alex: I got a lead from my 1-800-FAIR-OFFER website. It was... I think it came over like 8:00 in the morning and I call the guy right back. And, he wanted to sell his place for $62. It's what he said. And I said, "Whoa! Yo!" And he's like, "Oh, $52." I said, "Well. Would you sell for that?" He's like, "Yeah!" "Oh,
