Help (1st ga tax sale went well — I THINK)

Help (1st ga tax sale went well — I THINK)

New to Real Estate · Heron Bay · Member since 2025 · 3 posts · 1 vote

I have several questions… but here’s a little context first: I started getting “analysis paralysis” on the sideline wondering what was the best time to dive in to real estate with limited funds ($40k) so……..

I went to an in rem judicial tax sale recently and won a 12 acre parcel in McDonough …. I got into a slight bidding war with one other person and since it was my entire budget I’m nervous I overpaid, or worse yet: there’s no market for raw land…. 

So here’s the questions:

Redemption is in 60 days, after that it’s mines I’m told…. Since it was in rem does it need to be quiet titled? (My plan is to flip it)

Are there any other people on here that bought raw land as their 1st RE purchase?

Any tips to make it more desirable to sell?

I’ve been on BP for years (just created a new profile since now I’m not just a tire kicker anymore)

thanks in advance 

Damian 

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  • Juan YepesBusiness Member
    Lender · Miami, FL · Member since 2025 · 127 posts · 36 votes
    10mo

    @Damian Deshong what is the permitted development for that property? Your best bet would likely be to sell to a developer that has a project for the land that can justify paying what you are asking for it. Good luck!

    Helm Mortgage Corp - Juan Yepes, Director5126 Reviews
    • New to Real Estate · Heron Bay · Member since 2025 · 3 posts · 1 vote
      10mo

      @Juan Yepes much appreciated..... its zoned for residential.... I was leaning towards going that route (to sell to a developer)

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