Drew and Recia Davis are Real Estate Investors, based in Phoenix, AZ. They have done many different types of Real estate transactions, and Tax Lien Certificates and Tax Defaulted Properties are one of their favorite Investments. They have mastered automating their real estate business to increase the time they have for their 3 young children. Their professional accomplishments include:
Education:
Investing History:
Awards, Titles, and Designations:
The business of investing in tax lien certificates and tax defaulted properties is typically one of slow, steady, consistent profits with no risk. However, under certain circumstances, you can see a massive payday…if the tax-defaulted owners neglect to pay up. Later in this episode, you'll meet Drew and Recia, a husband-and-wife investor team who have twice purchased tax certificates that resulted in taking possession of the property. These two deals by themselves resulted in Drew and Recia profiting by almost $200,000. While these monster paydays are rare, they are incredible when they happen!
What You Will Learn:In the first section of the episode, Ted discusses "redeemable tax deeds" available in Georgia, Texas, and a small list of other states. Ted explains how a redeemable deed allows a property owner to redeem their deed within one year of your purchase, at a steep 20% penalty plus 10% per year after the first paid to you in addition to your purchase price. Ted outlines the process of purchasing a redeemable deed. Ted describes the unusual situation of treasurers failing to auction properties, resulting in huge numbers of properties being sold at pennies on the dollar.
In part two of the episode, Ted introduces Krystal, one of the experienced coaches from his organization who operates multi-day "Buying Tours". Krystal details how the Buying Tours help clients better learn the ins and outs of tax-defaulted properties. Krystal details how she came to become a coach after she lost her career in accounting. She shares how she encourages her students and keeps them learning. She shares the story of a client who already knew how to purchase tax liens and deeds but didn't know how to sell, and she discusses how she tailors her curriculum to each client's needs.
In the third segment of the episode, Ted brings on husband-and-wife team Drew and Recia. They have had remarkable success in tax lien certificates, including purchasing a tax certificate for $11,000 on a property worth $180,000, and taking possession of the property when the tax-defaulted owners did not redeem the certificate, meaning they invested just $11,000 and profited in equity by more than fifteen times their investment. In this portion of the episode, you will learn:
