Tim Bell explains how investors can buy properties that people donate to nonprofits for tax deductions. Nonprofits usually want cash, not houses, so a networked investor can contact them to purchase donated properties quickly, turning the nonprofit's unwanted asset into immediate funds.
Alright, the next one on our list here Nonprofit organizations. Now, nonprofit organizations don't really want houses, they want money. Well, a lot of times people will donate their property to the nonprofit organization. Why? Because they get a tax write off for it. Well again, nonprofit organizations don't really want houses. They usually just want money. So if you know someone or can contact someone at a nonprofit organization who's willing to call you or contact you when they get a property donated to them, then you can quickly convert that property to cash for them. And that benefits them and it benefits you too. So again, that's another good source is nonprofit organizations.
