How Do You Make Money Locating Unclaimed Funds From Tax Sales?
If you’re going to make the move into the “found money” business, making money locating unclaimed funds from tax sales is probably going to be the meat and potatoes of your business. Other unclaimed funds hold some opportunity, but because they are for smaller amounts, in general, they don’t offer the same profit potential as tax sale, and other real estate created overages. If you want to make money locating unclaimed funds from tax sales, the first thing to do is to get trained. You can do all the research yourself, or there are training classes available online that condense some of the tedious work, like studying state code, into a more palatable format for you to study. Either way, you’ve got to learn how to perform the job legally before you attempt to go out an collect money. Once you’re sure you understand what the legal implications are, you’ll need to find records of the overages. These are generally public record and available from your local government agency. You’ll need t