Investor · San Diego, CA · Member since 2015 · 8 posts · 0 votes
Hi,
I’ve never posted a question or comment so this would be my first.
I’m looking into buying properties via tax auctions. These days, the auction is online so no need to go down to the tax office on auction day. I would really like to collect your advice and comments on how to successfully complete an auction purchase. What should I be looking out for?
What kind of research do I need to do on the property?
What docs, funds, contacts, etc. do I need before going to auction?
What can I expect at the time of the auction?
Looking forward to hearing from the BP community. Thank you!
Rental Property Investor · Augusta, GA · Member since 2017 · 825 posts · 278 votes
8y
It completely depends on where you are in the country what the specific rules are. Chip Cummings' book on Zero Risk Real Estate is a possible place to start. I found it a good overview with a few errors about local laws in my area. Even if you can buy online, see the physical place before you do. I've seen pictures that managed to hide that a house had no roof.