Cleartosell has had the fortunate opportunity to attend several tax sale industry related events this year resulting in positive experiences all around. Our principal attorney, Paul A Krasker, and our senior staff attorney Megan F Schmidt recently had the pleasure of giving a presentation on two of these occasions.
Our attorneys shared their experiences at both a Boca Real Estate Investors Club (BRIC) meeting and a NTLA Tax Deed Investment Group meeting in Washington DC.
The attendees at the BRIC meeting were predominantly local real estate investors. The presentation was geared toward Tax Deed/Lien investing 101 education for new or aspiring investors in the tax sale industry.
Paul Krasker said “We covered a variety of educational topics such as Foreclosures vs. tax deeds and why tax deeds are a safer investment based on Florida statutes, obtaining title insurance, the benefit of CTS certification vs. QTA, what to expect at your first auction, and other useful topics for investors new to the tax deed industry. The audience seemed to really pick up on several main areas that interested them.”
Megan Schmidt covered the specifics of the cleartosell service, whilst Paul went on to discuss Tax deeds as an investment in general and clarified the difference between the judicial process of a QTA and our TD certification service.
Questions from the attendees such as the general cost to get started in the tax deed investing business, the risks involved, and how to make their first steps in the right direction made it clear there was considerable interest.
The BRIC meeting happened to fall back-to-back with another event where Paul Krasker traveled to Washington DC to present in front of the NTLA Tax Deed Investor Group, which he chairs.
Paul says, “The purpose of this meeting was to discuss and establish best practice standards for tax deed and tax lien investing through education and thought leadership.”
Although tax sale investing helps to improve communities by eliminating blight and increasing the tax base, it still carries some negative reputations around the consequence of homelessness that can arise. Efforts to continually improve standards in the industry could help extinguish this negativity.
Paul continued “The general discussion of the subcommittee was focused around ideas on developing pre-sale and post-sale best practices for assisting the existing property owners, the tax deed bidders, and then the new tax deed purchaser to ensure investors understand the process and adhere to a high standard of action.”
Paul concluded by saying “it was very helpful to obtain feedback from NTLA board members and other participants of the Investor Group subcommittee. “
The juxtaposition of these two events made attending them back-to-back an interesting and somewhat enlightening experience. It was a privilege to be able to speak to each end of the investor spectrum and be given the opportunity to provide knowledge to both individual investors at a local level, and to NTLA board members working to make positive changes in the industry on a national level.
Cleartosell looks forward to supporting more tax sale industry events in the New Year. If you or someone you know is planning an event that you think our attorneys may be able to contribute as speakers, please contact us to discuss the opportunity.
Cassandra December 23, 2016