So I found this empty lot and looked it up on the county website and saw that they owed over $30,000 in taxes. My question how would someone go about pursuing the land if the land is only worth $13,000? The properties already in that neighborhood are going for big money not to mention the price for the new builds going up.
I haven't been in contact with the owner yet but is there a strategy that can be used here? Would other investors even be interested in this lot for a wholesale deal?
Thank you in advance.
You should talk to local tax collecting agency/municipality. It varies by cities. In some cases, cities will allow reduced payment(s), rather than having land sit vacant that no one will ever pay on.