Oklahoma Property Tax Resale
Are you interested in buying properties at the Oklahoma Property Tax Resale? Tulsa REIA holds an annual workshop that has all the information you need to invest in properties from the defaulted property tax sales in Oklahoma.
The Oklahoma Property Tax Resale Auction is held every year in Oklahoma on the second Monday in June. All counties in Oklahoma hold the resale on the same day in their county.
You Can Buy Houses & Land For UNDER ½ PRICE At The
June 2013 OKLAHOMA PROPERTY TAX AUCTIONS
Bidding Starts At 5-10% of Value
Tulsa REIA is Hosting a Workshop That Teaches You How
YOU can easily get bargains at Oklahoma County Tax Resales this coming June at the county delinquent property tax auctions. This seminar will be taught by Ronald Starr, who has been investing in Oklahoma properties at tax resale auctions since 1999. He has bought over 20 houses in Oklahoma in the last 11 years at tax sales. Most of them at 10% to 50% of market value which equals super bargain prices. He has bought at least one property every year, either for himself or other investors he works with to buy properties at the tax resale auctions.
You could win in 2013! The deals available can make good POSITIVE CASH FLOW rentals or you can resell them for a good profit. You get properties FREE & CLEAR of almost all loans or liens at tax resales. You can learn how how do this at the all-day Saturday workshop sponsored by Tulsa REIA.
Saturday June 1, 2013 from 9am -4pm
Is 2013 a Special Year? Yes, because of a recent change in Oklahoma laws on delinquent property taxes we can expect there to be many more good properties going to sale this year compared to previous years. So plan to get some great deals.
PROOF (As told by Ron Starr):
Example #1: In May June of 2009, I bought three houses; one for myself, approximately $3,700 for a rundown house in a below average part of Lawton, OK, and two for other investors. The first investor got a good-looking 1,000-square-foot single family house built about 1925 in an average neighborhood in Bartlesville, OK for $14,000. A local agent suggested it is worth about $45,000. So, about ½ price. The other house, in a below-average area near Tulsa, about 1100 square foot, was built in 1980 It should be worth about $50,000 to $65,000 in good condition.. How do you like this purchase price? $3,600! You can invest this year—2011.
Example #2: The buyer of that second house also bid upon a nice-looking brick house I estimated to be worth about $80,000. But—against my advice—he limited his maximum bid to $15,500—it sold to somebody else for $16,000—about 20% of market value, I believe. Think of that: 20% of market value. About $60,000 FREE EQUITY for $16,000. I expect more such sales this year.
Example #3: One house I did not buy in 2008 because I did not have an investor—YOU could have gotten this one. It is a two bedrrom, one bath house, of 1038 square feet plus garage, built about 1940. It's in a lakeside town—a county seat. Comparable values about $34,800. I saw the inside and estimated repairs at under $5,000. SOLD FOR: $1,300. Wow!
Example #4: A few years ago I sat next to an investor who bought perhaps 25 recreational vacant properties at one OK county tax resale. Each was purchased for less than $100. By the end of the year, all the properties had been resold for prices from about $500 to $2200 each. Investment: perhaps $2000. Return: probably about $20.000. Do you think you could do that this year and in the future?
What You Need at the Auction: For Houses about $6,000 minimum CASH or immediate credit. For Vacant Lots about $500 minimum.
What You CAN'T Be: A flake. A person without money. A scared rabbit hopping out of sight at the first sign of a fast-approaching bargain.
What You DON'T Have To Be: A real estate expert. Ronald Starr will teach you what you need to know at the workshop. He will answer your questions and teach you what he knows from over 10 years of investing in Oklahoma Property Tax Resales. He will teach you about the properties to avoid, the best ways to be efficient, and the traps from which to steer clear of. He will have researched many of the properties listed for sale and you can see his research at the seminar.
Saturday June 1, 2013 9am - 4pm in Tulsa
Sunday June 2, 2013 9am - 4pm in Oklahoma City
Location: TBA
Only $99 if you sign up by May 31st 2013 ($149 at the door)
Tulsa REIA Annual Members: Only $79 (20% off) enter member promo code.
Get a second ticket for half price or an even bigger discount of 3 or more tickets!
