Forum di prova - Delinquent Tax Sale - Unconventional Real Estate Purchases F Mims - 01 Nov 2019 08:44:57 Oggetto: Delinquent Tax Sale - Unconventional Real Estate Purchases F
Delinquent Tax Sale - Unconventional Real Estate Purchases Finance Articles | September 13
, 2013
Thousands of people have gotten far better deals on purchasing their new homes by bypassing the traditional methods and going through what's known as a delinquent tax sale.
If you think the only way to buy property is through agency listings or trolling good neighborhoods for "For Sale" signs, you might be in for a surprise. Thousands of people have gotten far better deals on their homes by bypassing the traditional methods and going through what's known as a delinquent tax sale. These sales take place when a homeowner fails to pay what's due to the government, forcing lien or foreclosure. There are a couple of different types
, with one type putting the property itself up for sale and another putting up a certificate, which entitles the winning bidder to collect taxes and interest for himself. Either situation can be profitable for the wise investor.
County by County
A delinquent tax sale will differ according to where you live. While there will be certain similarities from county to county, you will be best served by knowing the rules in your area before you begin planning to attend an auction. In most locales
, there will be one auction a year, with all of the available properties put up for bidding at the same time. Everyone will gather for the auction and bidding will take place in the usual way. Contact your local government representative for information regarding the rules, location
, and time of the auction.
Research
You can always get your hands on property information before the delinquent tax sale, and it is essential that you do so. Don't go into an auction blind, expecting that all of the relevant information will be handed to you as the auction proceeds. That isn't the way it works. Potential buyers are expected to do their own research. Once you have an address
, drive out to the location and inspect the house for yourself. There's no going back once you place a successful bid. In fact, some counties will pursue criminal charges against bidders who back out of their bids. Make sure you know exactly what you're getting into.
Monetary Considerations
You aren't going to have a month to gather financing for your successful bid. In some counties, you'll be expected to pay in full no later than the next morning. In almost all counties
, you'll be expected to put down at least a quarter of the payment immediately, if not more. You will not be able to go to the bank and secure financing after making your successful bid. Go to a lender beforehand and explain your situation. As long as your credit is respectable, you should be able to secure a loan for the bid.
So You Want To Get In To Manufacturing (part 1) Business Articles | July 25
, 2004
Having been in the personal care ... business for a number of years I have some advise for those of you thinking about starting a ... ... off some ... basics.
Having been in the personal care manufacturing business for a number of years I have some advise for those of you thinking about starting a manufacturing operation.
First off some manufacturing basics.
Manufacturing is essentially the same no mater what product you are producing. It is governed by supply and demand. The term "manufacture it and they will buy" does not always hold true. Manufacturing a product that was popular 25 years ago will not necessarily sell in today?s market. You can however manufacture a product that no one has seen before and with some creative marketing create demand for that product.
So what is required to manufacture a successful product? Start with the basics of any business, the business plan. This is essential to the success of any business be it a manufacturing or service based business. A business play will provide you with important information such as:
* What your costs are going to be
* Who are your suppliers
* How are you going to market your product
* What distribution channels will you use
* What customer support will you need to provide
A good business plan is my no means cast in stone. There is always room for adjustment as you refine your process, find new suppliers or change marketing channels.
Producing the product is the one step that requires the most attention. Not having the right staff
, process, equipment or suppliers could bring your whole venture to an abrupt end. One of the biggest costs in the manufacturing business is the labor component. But having the right personnel who are dependable, experts at what they do and take pride in their work are also one of the biggest assets a manufacturing company. So take your time to choose your staff.
In part 2 I will discuss the manufacturing process
, equipment and suppliers.
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