Author: Kathy

I just did an amazing podcast with the greatest tax lien trainer of them all…..Ted Thomas. I learned everything I know from him regarding buying tax liens and tax deeds. I then went on to create some really innovative strategies using these skills. Check out the podcast, it is info packed!!!

Making Money from Worm Farms and Billboards, with Kathy Kennebrook

I bought another house yesterday sight unseen other than photos and a description from the seller. I am excited. If the numbers are right when you make an offer leaving yourself enough room for surprises, you can buy lots of houses this way especially if you are implementing direct mail campaigns the way I teach. Each letter a seller gets has a response mechanism in it which tells the seller exactly what they need to do and exactly what information I need in order to create a deal with them.

The deals will be prescreened for you as soon as the seller’s response comes in. You have all the information you need before you ever speak to the seller. Check out my direct mail marketing at www.marketingmagiclady.com. Folks it’s a machine that will bring in deal after deal after deal!!

 Making Money from Worm Farms and Billboards Kathy Kennebrook is a real estate marketing expert, as well as a real estate investor with more than 20 years of experience in a broad spectrum of types of real estate deals. Kathy helps investors with ready-made direct mail marketing campaigns to bring in leads, and in her own investments, she specializes in buying empty tracts of land through tax lien auctions and other methods and then making money from them through innovative and creative lease arrangements.  Go to www.tedthomas.com for the link to the podcast. You will be glad you did!

What You Will Learn: In the first section of the episode, Ted explains why Texas is a great state in which to buy tax lien certificates. Texas has monthly auctions, on the first Tuesday of each month in all 250 counties. The county auctions the deed to the property to the highest bidder at the auction, and the deed generates a 25% penalty return (note: this is not the same thing as an interest rate). The deed is redeemable by the property owner for 180 days after the auction, meaning the tax-defaulted owner can claim their property back by paying the taxes owed, plus a penalty of 25% to the holder of the deed. In Texas, the mortgage on the property is called the “deed of trust”, and it remains on the property even if you have purchased the deed at auction. If the property owner fails to redeem their deed by paying the taxes and penalty, your purchase of the property will still not generate a title because of the deed of trust encumbrance. However, the vast majority of defaulted property owners will redeem their deed.

In the second segment of this episode, Ted talks with coach Bill Beddoes about how auctions work in the state of Michigan. Regardless where you are in the United States, you can find information on Michigan’s county-level tax auctions, properties up for auction, and any special Michigan county rules at www.tax-sale.info. Bill shares details of what sort of information you can find on properties available for auction in California at www.bid4assets.com. Bill discusses the kind of turn around and profits you can expect, and how many properties you can generally expect per auction. He explains that half of all auction attendees will never bid on a property, and he discusses what happens to the properties that don’t sell at auction. He explains why Michigan offers major advantages over other states, and he highlights the value of finding a coach who is local to the area you are investing in.

In the final portion of the episode, Ted brings in his special guest Kathy Kennebrook. Kathy has been operating in real estate for more than twenty years, and she is both an investor and trainer. Kathy has diverse real estate investment experience, with fix-and-flip, buy-and-hold, tax liens and tax deeds, and more. In this segment of the episode, you will learn: •What skills, traits, and experience you should develop if you are looking to go into business in real estate or any other sector •How Kathy got involved in real estate with no previous experience, and why she decided to leave her career in finance to start investing •What the transition from finance to real estate investing was like, and why the first deal was both a valuable lesson and a nightmare •Why Kathy especially enjoys buying vacant land properties at auctions due to having less competition •What innovative strategies Kathy has used to profit from vacant land properties she has bought at auction, including leasing to billboard companies and worm farms •How Kathy uses direct mail campaigns to reach out to delinquent out-of-state landowners to find potential sellers •Why Kathy caps her tax lien purchases at $1800-2000, why she and her husband are both risk-averse •How Kathy helps investors implement direct-mail marketing campaigns into their businesses, and how to get more information about her services Just go to www.marketingmagiclady.com for more information about Kathy Kennebrook’s products.

I Spent a good part of the day yesterday antiquing with my bestie 🙂 We hit several antique malls throughout our county. I picked up some new pieces for my personal collections which include Pyrex, Vintage Rolling Pins and 3 Spout Measuring Cups AND I use them in my cooking and baking 🙂 It was a totally fun way to spend an afternoon.

I also created a relationship with a gentleman who does estate sales since many times we buy houses loaded with stuff!!! For all the info you need on buying a ton of houses check out my website at www.marketingmagiclady.com

If you live in the South Florida area and you are ready to propel your business to the next level by creating all the leads you can possibly handle then be sure to attend the BRIC meeting hosted by David Dweck in Boca Raton Fl on Thursday June 13th.

I will be showing folks how to fill their pipeline with leads from highly motivated, precreened sellers. You can’t afford to miss this one! There will be some cool surprises too! Meeting is at the Gold Coast School of Real Estate in Boca Raton, meeting starts at 6 pm Be there or be square!!

In the meantime check out my website at www.marketingmagiclady.com for all the tools you need to create profitable deals with highly motivated sellers ready to work with you!!!