Triumphant Tuesday Case Study: Delinquent Property Tax Victory
In November of 2013, Brandon was notified that his corporate job position was being eliminated and his options included relocating within the US or taking a demotion to stay in his hometown and face a 2-hour one-way commute to and from work daily and he needed to decide by May of 2014.
During that time, he met Mitch Stephen who expressed with empathy that there could be another option if he was willing to be a good student and put in lots and lots of effort!!! Brandon chose his option and became a student of Mitch’s while taking on a part-time job to help ease the transition.
2014 was a tough year, but Brandon and his family made it through successfully by doing just 3 deals and now, a short 3 years later, Brandon has carved out his own little niche in real estate and coupled it with Mitch’s Owner Finance model and is averaging 40-50 property acquisitions per year and has an annual income of 4 times that of his previous corporate job and a net worth of close to 1 million dollars! He is forever grateful, that God put Mitch in his life and doesn’t know where he would be today otherwise!
What you’ll learn about in this episode:
- Brandon shares the details of a major real estate win he closed on, and how he found monster profits in an unlikely place
- Where the property is located, and how he found it by reaching out to the tax-delinquent owner
- How much he spent all-in on the property, and how he marketed to sell the property
- What Brandon’s total profit on the deal was, and how he structured the note