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Property tax sales

Posted by Kingpenm3 on 5/3/25 at 7:25 pm
Anyone had some success with these tax sales?

12% return sounds great, but I'm sure there is plenty more to it.


Do you end up paying cash of the 'hammer' price plus the year's taxes cash the day of the auction?

What are people looking for for the best opportunities?

How often do people actually end up taking possession of the property?

What would be the hypothetical total cost that you would have into a property by the time you would get it?

Is it always 3 years of tax payments?

How does the bidding work? How do you value how much it should be worth?

What if the property has a mortgage/loan? How do you find this out?

Do you take over any liens?

Anything else to know?

This place is selling a used one. Might be worth the call and drive.

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