I am considering purchasing some properties through the tax deed auction in Detroit this year. Does anybody have any experience or insight they care to share with purchasing properties through the tax deed auction in Detroit Michigan?
I wish you the Best of luck!.
Do you have an established team in the area to see these homes first hand?
I don't yet.
@Ameer Alexander, there is money to be made in Detroit. I don't have any experience with The Motor City, and I suggest you get someone with boots on the ground experience there before you drop one dime on a tax sale.
What I have heard is that sometimes these tax sales start immediate foreclosure proceedings to get the back taxes paid on them. The properties may not be in the best areas, they may have squatters in them, the entire thing could be gutted, etc etc etc.
Tread lightly in Detroit.
Thanks for sharing Mindy, insightful.
I live in the area and I'm also going to purchase a couple of property's threw the auction