Landerville Business Plan
Business Plan
LANDERVILLE INVESTMENT AGENCY
By: Billy Hill
October 3, 2009
Table of Contents 1. Executive Summary for Landerville Investment Agency 2. Business Description and Financing 3. Tax Lien Business 4. Tax Lien Market 5. Operations and Procedures 6. Bidding and Property Risks 7. Projected Profit 8. Conclusion
1. Executive Summary for Landerville Investment Agency, LLC
Landerville Investment Agency’s goal will be to purchase tax liens from state government and city treasurer auctions and recoup the funds from the owner. State governments and city treasures will issue a lien against residential and business properties in an effort to recoup the owed tax money (Carr, 2003). After I have purchased the auctioned tax lien(s) the recouped funds will be used as profit and will allow the company to reinvest in tax liens. In the event the funds are not recouped, my company will move force the tax lien property into foreclosure. After the foreclosure process, the company will then sell the property in order to recoup its investment. In an effort to recoup the owed tax money the local government will put a lien on the property (Carr, 2003). The primary goal is not to foreclose but to the recoup funds from the owners of the property. 2. Business Description Landerville Investment Agency will buy auctioned tax liens. Landerville Investment Agency will be a new business created to specialize in the buying of delinquent residential and business tax liens. Tax liens are auctioned off by county and or state governments or city treasurer’s offices (Mourea, 1993). When a tax lien against a property is auctioned by state governments or city treasurer’s offices they then become legitimate redeemable certificates (Mourea, 1993). This will company operate with the intent and purpose of buying delinquent property tax liens on properties and recouping all funds associated with the transaction. The company will pay for
LANDERVILLE INVESTMENT AGENCY
By: Billy Hill
October 3, 2009
Table of Contents 1. Executive Summary for Landerville Investment Agency 2. Business Description and Financing 3. Tax Lien Business 4. Tax Lien Market 5. Operations and Procedures 6. Bidding and Property Risks 7. Projected Profit 8. Conclusion
1. Executive Summary for Landerville Investment Agency, LLC
Landerville Investment Agency’s goal will be to purchase tax liens from state government and city treasurer auctions and recoup the funds from the owner. State governments and city treasures will issue a lien against residential and business properties in an effort to recoup the owed tax money (Carr, 2003). After I have purchased the auctioned tax lien(s) the recouped funds will be used as profit and will allow the company to reinvest in tax liens. In the event the funds are not recouped, my company will move force the tax lien property into foreclosure. After the foreclosure process, the company will then sell the property in order to recoup its investment. In an effort to recoup the owed tax money the local government will put a lien on the property (Carr, 2003). The primary goal is not to foreclose but to the recoup funds from the owners of the property. 2. Business Description Landerville Investment Agency will buy auctioned tax liens. Landerville Investment Agency will be a new business created to specialize in the buying of delinquent residential and business tax liens. Tax liens are auctioned off by county and or state governments or city treasurer’s offices (Mourea, 1993). When a tax lien against a property is auctioned by state governments or city treasurer’s offices they then become legitimate redeemable certificates (Mourea, 1993). This will company operate with the intent and purpose of buying delinquent property tax liens on properties and recouping all funds associated with the transaction. The company will pay for
References: 1) Carman, B. (2008, June 15). Tax Lien Investing Another Great Niche. Retrieved November 20, 2009, from Trump University: http://www.trumpuniversity.com/blog/post/2008/06/another-investing-nichebuy-tax-liens.cfm Landerville Investment Agency