<transcript><audio_52>Angeles recently had over 2,000 properties to auction now this is what's called a deed state so they're going to sell a tax deed so the start bid at these auctions in Los Angeles was 10 203</transcript><transcript><audio_53>cents on the dollar in other words the back taxes these properties are sold with no mortgage so that's pretty attractive to start with all right now I repeat that again and again but you've got to get it there's no mortgage on the</transcript><transcript><audio_54>property when they sell at auction so I have some students from Costa R and this young woman started with me and wanted to learn online so I taught her how to re researched the property online and she found a residential lot in the Hollywood Hills</transcript><transcript><audio_55>now this was no property other than a residential lot in other words there was no real estate built on this lot and it was assessed by the tax collector for $210,000 so after researching that the</transcript><transcript><audio_56>title was clear with the exception of the taxes my student investor showed up at the auction now she only invest $114,000 now that's not a lot of money when you know that the property has a</transcript> Angeles recently had over 2,000 properties to auction now this is what's called a deed state so they're going to sell a tax deed so the start bid at these auctions in Los Angeles was 10 203 cents on the dollar in other words the back taxes these properties are sold with no mortgage so that's pretty attractive to start with all right now I repeat that again and again but you've got to get it there's no mortgage on the property when they sell at auction so I have some students from Costa R and this young woman started with me and wanted to learn online so I taught her how to re researched the property online and she found a residential lot in the Hollywood Hills now this was no property other than a residential lot in other words there was no real estate built on this lot and it was assessed by the tax collector for $210,000 so after researching that the title was clear with the exception of the taxes my student investor showed up at the auction now she only invest $114,000 now that's not a lot of money when you know that the property has a
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