Palm Beach County Tax Deed Sale Online Course

1. Palm Beach County Tax Deed Sale Online Course

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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 here’s 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. Here’s 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 you’re borrowing money to invest in buying tax deeds in Florida then the longer you’re holding the property then the more it’s 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 didn’t 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 clerk’s 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/