Tony Martinez
👤 PersonAppearances Over Time
Podcast Appearances
We have a saying here at USTLA, it's called price solves all issues. If we can get them at the right price, we can solve just about anything that would pop up. Now, again, we can't overstate that. We can't not do research. We know going in, we're going to walk through the property and I'm going to have a rehab estimate before we make the acquisition.
We have a saying here at USTLA, it's called price solves all issues. If we can get them at the right price, we can solve just about anything that would pop up. Now, again, we can't overstate that. We can't not do research. We know going in, we're going to walk through the property and I'm going to have a rehab estimate before we make the acquisition.
So I'm going to know going in a really, really good idea. When that price quote comes back, I'm going to know my numbers. The vast majority of our properties that we acquire right now, the total purchase price when we buy directly that way, they range from about $4,000 to about $20,000. That's total purchase price. Yeah, that's insane.
So I'm going to know going in a really, really good idea. When that price quote comes back, I'm going to know my numbers. The vast majority of our properties that we acquire right now, the total purchase price when we buy directly that way, they range from about $4,000 to about $20,000. That's total purchase price. Yeah, that's insane.
I've been doing it for a long time. More and more people are starting to find out about it. There's other guys out there teaching people information about investing in tax liens. I find it to be not a whole lot of credible information. I mean, actual people who there's people teaching and there's people like myself, we teach, right?
I've been doing it for a long time. More and more people are starting to find out about it. There's other guys out there teaching people information about investing in tax liens. I find it to be not a whole lot of credible information. I mean, actual people who there's people teaching and there's people like myself, we teach, right?
We show people exactly how to invest in tax foreclosed real estate. And we actually do it. I've completed over 2,500 tax deed property acquisitions since 1992 until now. And the difference for us is we have the irrefutable public record documentation to prove it. I mean, we have every single deed that's been recorded with our names on it. And that's from my own portfolio.
We show people exactly how to invest in tax foreclosed real estate. And we actually do it. I've completed over 2,500 tax deed property acquisitions since 1992 until now. And the difference for us is we have the irrefutable public record documentation to prove it. I mean, we have every single deed that's been recorded with our names on it. And that's from my own portfolio.
That's not investing other people's money for them. And so that's a big part of it that I think is really important in today's marketplace with so many, you know, I don't know how to say it gently, but just fake gurus in the marketplace. Sure.
That's not investing other people's money for them. And so that's a big part of it that I think is really important in today's marketplace with so many, you know, I don't know how to say it gently, but just fake gurus in the marketplace. Sure.
Oh, that's a great question, man. There's so many differences. Let's start there. There's tax sales that a lot of people go to. And right now, in my experience, the tax sales are so competitive. As you know, it's a tough market out there for real estate for a lot of people right now to find kind of distressed real estate, if you will.
Oh, that's a great question, man. There's so many differences. Let's start there. There's tax sales that a lot of people go to. And right now, in my experience, the tax sales are so competitive. As you know, it's a tough market out there for real estate for a lot of people right now to find kind of distressed real estate, if you will.
So people hear the word tax sale and they naturally assume like I can get a bargain. And you just have so many people showing up to these tax sales that just, they don't know what they're doing. And they're literally bidding these properties up to values that just don't make sense.
So people hear the word tax sale and they naturally assume like I can get a bargain. And you just have so many people showing up to these tax sales that just, they don't know what they're doing. And they're literally bidding these properties up to values that just don't make sense.
So we've developed strategies over these 32 years where we're acquiring properties without having to go to a tax sale. There's multiple strategies in different markets where we're actually buying properties, tax defaulted properties, directly from the county and not having to compete at an auction.
So we've developed strategies over these 32 years where we're acquiring properties without having to go to a tax sale. There's multiple strategies in different markets where we're actually buying properties, tax defaulted properties, directly from the county and not having to compete at an auction.
So there's a very, very big difference between any other type of real estate investing, including bank foreclosures, than the strategies that we employ here at USTLA. And I'll just give you the name of what, and the name of one is called over-the-counter tax deed property acquisitions is one of our number one strategies that we teach and that we employ ourselves.
So there's a very, very big difference between any other type of real estate investing, including bank foreclosures, than the strategies that we employ here at USTLA. And I'll just give you the name of what, and the name of one is called over-the-counter tax deed property acquisitions is one of our number one strategies that we teach and that we employ ourselves.
This is a strategy where counties just have massive, massive excess inventories, properties that went to a tax sale at one time and didn't sell, and they just build up these massive inventories, and they reach the point where they're just liquidating properties. Now, if there's a flying ointment, it's this. There's too many properties on the list.
This is a strategy where counties just have massive, massive excess inventories, properties that went to a tax sale at one time and didn't sell, and they just build up these massive inventories, and they reach the point where they're just liquidating properties. Now, if there's a flying ointment, it's this. There's too many properties on the list.