“ACQUIRE REAL ESTATE FOR PENNIES ON THE DOLLAR!” – DON’T BELIEVE THE HYPE! ROBB MAGLEY
This is why Charles Sells, director of acquisitions
for Platinum Investment Properties - Group, is
loath to use these words and the cliché statements
aimed at attracting unknowing investors into a
false oppor-tunity.
Rather than a fleecing, his clients have found a
legitimate way to invest in real estate by acquiring
tax liens, and tax deeds, on properties for which
the owners have not paid their property taxes.
“We try to take all of the hype out of the water,”
Sells and Fullman are focused on four particularly
explains Sells. “We offer a conservative, high-yield
lucrative markets at the moment, in Illinois, Texas,
opportunity that is backed by property and more
South Carolina and in Georgia, where the
importantly, government regulations.”
acquisition process begins at a tax sale.
Each
state has their own tax acquisition laws in these
Charles Sells and his partner, Don Fullman, help
situations. The process may vary somewhat across
investors, even very small participants, navigate
the nation, but is basically the same, with the same
their way through the seemingly endless rolls of
results—acquisition of the tax lien, and then a
red tape and the ever confounding language of the
return
laws surrounding property taxes. Their expertise
redemption by the property owner or mortgage
and personal success has enabled many such
holder, or title to the property in question. It’s a win-
clients to acquire properties legally, sometimes
win situation.
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