How saturated is it? How much money is available to be recovered?
While there is some saturation with surplus recovery business owners, it's nothing compared to the billions being escheated (taken) by county offices.
U.S. census estimates put the total amount of recoverable assets at approximately 5-7 billion.
What is Surplus Recovery?
Every year, hundreds of thousands of properties are sold at auctions for delinquent property taxes. When these properties sell for more then the taxes that were owed, surplus funds are created and is supposed to be paid to the person who lost the property. Unfortunately, either people don't know there was a surplus created or they think any extra money from the winning bid is kept after the auction ends. To top it off, counties are reluctant to inform people about the money because if it's not claimed within a relatively short statute of limitations of usually just a couple years, they get to keep it.
Sprint to Success with Surplus Recovery teaches you the most efficient way to build a business finding surplus funds, locating the people who are owed the money while earning a substantial commission recovering the money on the claimant's behalf.
Does surplus recovery only work in my local area?
No, you can do this business nationwide without having to any traveling all from your home office.
Do you already have to be an investor or have real estate experience to do surplus recovery?
No, you do not need to be an investor or have any experience in real estate to recover surplus funds.
Do I get lists of surplus funds when I signup?
We want you to have access to as many lists as you want so rather than you being reliant on us for lists. Our materials show you how to locate and retrieve surplus funds lists.
Does this business have any overhead?
Monthly business expenses can include printing and mailing postcards, your website hosting, skip tracing membership. Some other more optional expenses include hiring virtual assistants, attorneys fees, and traveling notaries.
Do I need a real estate license to recovery surplus funds?
No, you do not need a real estate license.
How are these people going to trust you with their money?
Trust can be built a few different ways. You can send them to your website, give them a copy of your drivers license and company info. Probably the most powerful is by making sure the claimant understands that you aren't asking them for anything upfront and you only get paid when you've successfully collected the funds.