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Palm Beach County Tax Deed Sale Online Course

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How to Find the Most Profitable Properties at the Palm Beach County Tax Deed Sale with Data Analytics – PowerPoint PPT presentation

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Title: Palm Beach County Tax Deed Sale Online Course


1
Palm Beach County Tax Deed Sale Online Course
2
Enroll below to be notified when the course
launches! taught by Palm Beach Tax Deed Sales
Instructor
Enroll for Free
3
How to Find the Most Profitable Properties at the
Palm Beach County Tax Deed Sale with Data
Analytics
My palm beach tax deed sale data analysis
excluded any property that did not have an
eventual resale. Buying tax deeds in Florida
involves a lot of research
4
5 Things No One Will Tell You About Palm Beach
Tax Deed Sale
DID YOU KNOW?
THINGS NO ONE WILL TELL YOU ABOUT PLAM BEACH TAX
DEED SALE
5
How Does Tax Deed Sale Work in Palm Beach County
One of the requirements to participate in the
palm beach auction is to deposit either 5 or
200 whichever is greater.  For buying tax deeds
in Florida I believe most other counties also
have the same deposit requirements. 
The question then for me was how much of the 5
should I put in for buying tax deeds in Florida?
6
Here is the winning bids analysis for the palm
beach county tax deed sales
7
I collected 58 results of properties sold at the
palm beach tax deed sale and then eventually
resold again by the winning bidder
The average price paid to buy the auction was
26,760
The minimum was 4,000 and the maximum was
112,000
As you can see there is a large difference
between the mean of 26,760 and the median
winning bid of 14,800
8
Here is another way to look at the palm beach tax
deed sale data
9
Looking the winning bids from the tax deed
auction palm beach county in another way heres
what we see with a dot plot above
I think based on our data we can see that the
maximum winning bid was 112,000
I think the maximum you probably need to allocate
for the 5 is about (112k 5) 5,610
The next questions I had was how long does it
take to sell a property won at the palm beach
county tax deed sale?
10
How Long Does it Takes to Sell the Property After
Winning the Palm Beach Tax Deed Sale
11
Here is a graph that would show the prediction
with a 95 confidence interval
12
Based on the data we have so far we can predict
that we would hold the property between 11 and 17
months before being able to sell it
I think it's good to know this type of
information about buying tax deeds in Florida
before placing a bid
13
How much money did the winning bidders make?
Before we get into that there are a couple of
assumptions about the net profit that I should
share with you with regard to palm beach clerk
auction, and I think this might be true for
buying tax deeds in Florida's other counties as
well
14
Expenses for calculating net profit for buying
tax deeds in Florida
Rehab Cost  30/sqft
Quiet Title Action  4,000
Realtor and selling closing fees  9
Interest Expense  10
Property Tax  Depends on property
Documentary Stamp Fee  .70 cents per 100 of the
winning bid
15
Here is the net profit graph from the palm beach
deed auction
16
As you can see after looking at all of the
expenses for buying tax deeds in Florida the
average profit for all of the sales that I looked
at were -24,812. When we look at the box plot we
see there are couple of outliers, but the median
is still a -22,749
This again means that most people who were
winners of the palm beach county tax deed lost
money
17
Here is another way to look at the data for
buying tax deeds in Florida using the dot plot
graph
18
The dot plot shows that the net profit was a
negative and we have a few outliers in either
direction
As you can see from the graph there are a few
people that did make money from buying tax deeds
in Florida.  The above graphs shows some insight
about how to buy tax deeds in Florida
19
What can we learn from those that made over
10,000 at the palm beach tax deed sale?
20
When we look at the people that made a net profit
of over 10,000 we can see that on average this
group made 28,451 and the median for this group
was 20,294.  It was as low as 11,185 and as
high as 69,560
21
Let's take a look at the individual value plot of
those that made over 10,000 from the palm beach
county tax deed sale
22
How much did those that made at least 10,000 at
the palm beach county tax deed sale pay for the
property?
23
Let's take a look at the same data from an
individual value plot
24
How long did those that made at least 10,000
from the palm beach tax deed sale hold their
winning property?
25
Heres another way to look at the data.  As you
can see the minimum time they held on was around
6 months
26
How much did those that made at least 10,000
sell the palm beach tax deed sale winning
property for?
27
I were to make a prediction with 95 confidence
interval that this group will sell the property
between 76,738 and 184,867
28
What percentage discount did those that made at
least 10,000 pay for the winning property from
palm beach county tax deed sale
29
As you can see from these graphs the mean
percentage buy to sell difference is about 73
and the median is 76.  We can expect with a 95
confidence interval that these investors at the
palm beach county tax deed sale will pay
somewhere between 67 and 79 less than the
eventual sell price
30
Lessons Learned from Palm Beach Tax Deed Sales
31
Download the free guide on the 
Lessons learned from the palm beach county tax
deed sales
32
What is the biggest expense for someone buying
palm beach county tax deed?
If there were no expenses and you can sell the
property really fast I think it would have been a
winning game for anyone buying tax deeds in
Florida.  However, as you can see if youre
borrowing money to invest in buying tax deeds in
Florida then the longer youre holding the
property then the more its going to cost you
33
Here is an example of place that actually had a
net profit and here it shows you what the
expenses were after buying tax deeds in Florida
34
Where are majority of these palm beach tax deed
sales properties coming from?
35
As you can see 59 of the properties are coming
from two areas of West Palm Beach and Delray
Beach for the tax deed auction palm beach county
36
How to do a palm beach county liens research
before buying a house?
37
Nothing survives the tax deed auction expect the
following
1.  Lien of record held by 
a.  Municipal or county government unit
b.  Special district
c.  Community development district
One thing they didnt mention is the violations
from municipalities that could become a palm
beach county tax liens
38
Outline of What Liens Survive Tax Deed Sale
(After Buying Tax Deeds in Florida)
You can also download the outline of what liens
survive tax deed sale.  In addition to Palm
Beach, the same concepts hold true for buying tax
deeds in Florida
39
How do you find out about palm beach county
liens?  
Search the website of the palm beach county
clerk in the official records section to see if
there were any lien on the property
Search the municipality violations sections as
well to see if there any violations cited on the
property as well
Conduct the palm beach county deed search through
the website of the palm beach county clerk
The clerks office also has a link to palm beach
clerk auction
40
How do I know how much tax is involved?
I searched the palm beach tax collector website
to see how much tax due for the past few years.
I also wanted to test if there were
relationships between the different variables
41
What is the relationship between net profit and
the eventual sales price?
42
How much of a discount you should aim for at the
palm beach county tax deed sale?
43
What is the relationship between how long you
hold the property and the net profit?
44
Palm Beach Tax Deed Sales Instructor
Check here for detailed information
https//palmbeach.thinkific.com/
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