How do you know a tax sale is a good investment?
On a very general scale, you need two steps
One, you need to evaluate the particular property you want to bid on
Two, you need to know how tax sale works in the area you are bidding and evaluate if that is an appropriate investment vehicle for you.
regarding tax sale s in general
- you need to know the rules in the particular area you are bidding and how it will affect your returns
- you need to know exactly what you are bidding on
- You need to know the true value of what you are bidding on, not just the tax assessed value