Acquiring a multi-unit via tax sale. ( Birmingham Alabama )

Investor · Birmingham, AL · Member since 2016 · 446 posts · 305 votes

Has anyone here ever bought a tax lien/deed to a multi-unit (small apartment complex......or large) via tax sale?

1. What condition was the complex?

2. Where tenants in place? If yes did you keep or evict them?

3. Did you have issues with the previous property management company if one was in place?

4. Did it get redeemed?

5. Did you keep the purchase a secret from family and friends? (Lol will expand later)

6. Oh...this should be first, what steps did you take to take possession?

7. What home/property security-servalence system did you use?

8. Did you involve a lawyer?

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Jimmy MurrayBusiness Member
Investor · Warwick, RI · Member since 2013 · 220 posts · 119 votes
9y
@Anastasia Jordan I know a couple of investors who may be able to weigh in on this.
@Anthony Thompson this seems like a question right up your alley
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Teddy Smith
Real Estate Broker · Wilmington, NC · Member since 2016 · 236 posts · 126 votes
9y
Property will come with a tax deed (sub-par to general warranty), so make sure you get a lawyer to fix that via quiet title.
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Denise Evans
JD, CCIM , Real Estate Broker · Tuscaloosa, AL · Member since 2014 · 1k+ posts · 1k+ votes
9y
@Teddy Smith, rules are VERY different in Alabama. Anastasia, I know someone who bought some apartments on a tax sale. I don't remember his name, but I'll see if I can find it in my records. Contact me via email. You have my address.
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