Jay Drexel’s Best Deal
Jay Drexel talks about some of his best deals in investing in tax-defaulted properties.
Over 10 years ago, Jay Drexel discovered Tax Default Property Investing. Today he owns over 700 Tax Default Investments and buys a couple every single week from his home office.
These investments are in multiple states, they are making anywhere from 10% to 25% ROI. He’s a full-time investor and educator teaching students all over the country about how with the right education, technology, and coaching, you can invest safely and successfully in tax liens from the comfort of home.
For more valuable information click on this link and watch the complete episode: – https://youtu.be/rbrwXPwusDU “Tax-Defaulted Properties with Jay Drexel & Jay Conner”
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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.
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Jay Conner:
You own over 700 of these types of investments right now give our audience one example of one of the best deals. You’ve done.
Jay Drexel:
One that pops to mind right now. That’s just been kind of the luck of the draw that is intrigued a lot of people. There’s a county in Arizona called Pinel, which is south of Maricopa, Phoenix, and a little bit north of where the university is and lucid car electric car company just moved in there. And a couple of tech companies down there in a few years back, I bought a whole bunch of liens for about $50 a piece. And it’s just raw land something. We’re seeing a big trend in where we’re seeing a lot of profit on our side of things is undeveloped land, raw land in places that are expanding. So it just happened to be that I bought a bunch of liens in a place that was zoned for a neighborhood, and they’ve all come to fruition where I can actually step into foreclose on the properties and those same lots that total, my cost out of pocket will probably end up being to take ownership of everything
Maybe a thousand to $1,200 somewhere around that range. But the lots right now are selling anywhere from 10 to 25,000 a piece. So that’s a really cool strategy right there. That’s current, that’s going on right now? I purchased a property in Michigan for less than $200, $177 and 50 cents. And that’s a lot of due diligence and I own that property cash float it for a little while, eventually sold it to a flipper. And rehabber in the area this past summer. So really cool things where in that property, you right now, I want to say in that area of Dee cool stories in that and we have investors that we’ve worked with and people go acquiring commercial properties for dirt cheap, which is really, really cool. And that’s, what’s cool about the strategy. If you want to get into single-family homes, multi-units agricultural land storage units. We can help point you in the right direction and find properties many times in that way. And at the most recent property, I purchased a property in Florida, Escambia county Pensacola, a market value, 65,000. I bought it at sell for 7,200. So there’s really cool stories. You’ve got a bunch of those obviously to tell, but I won’t bore you with too many of this.
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