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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
950
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Bought my first Tax Deed property today

Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
Posted Mar 20 2013, 12:28

Inventory has been pretty scarce the last few months for the type of properties I usually buy as rentals so I figured I'd take a shot at the tax deed auction. There were 3 I was going for and I was able to land one of them.

I was wondering if anyone with more experience with this could give me some advice. I'm in FL and I know people will usually do a quiet title action, should I wait for that to get going before I begin the rehab on it? I have the deed and the previous owner and mortgage holder were both given notice of the sale so I don't know what the issues would be, but I'd like any feedback from people that have done it before.

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