Looking at buying a unit at tax sale, starting out!

Looking at buying a unit at tax sale, starting out!

Tiffin, OH · Member since 2017 · 1 post · 0 votes
Hey all! I'm looking at trying to buy my first unit at tax sales this September in Ohio. I don't have a lot of capital but I'm looking at brining around two thousand dollars for it and seeing if I get lucky. I'm going with my mentors, while they also are looking to buy a few units so I wouldn't be going there blind. But just wondering if anyone has any tips or things to keep an eye out for since I'm just starting up. Thanks!
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  • Real Estate Solutions Provider · Baltimore, MD · Member since 2014 · 571 posts · 452 votes
    9y

    Greetings @Jeffery Norton. Welcome to BP!!

    I would say learning the tax sale law in your jurisdiction is the most important. Hopefully you can find those laws and statutes online but if not don't hesitate to go down to the local courthouse or identify an attorney that handles tax foreclosures and take he or she out to lunch, on your dime.

    Happy investing!

    Peace!

  • Ned CareyPro Member
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    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    9y

    @Jeffery Norton know what you are bidding on, and know the value of it. Then reread @Eric H.'s post. 

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