Tax deed sale experiences

[Paulina Chase]

I am interested in purchasing tax deed sale properties.  Is there anyone out there with experience in this area to give your experiences good or bad?

[Bruce Lynn]

Not sure if you are in tax deed or tax lien state, but either way.....

I'd get the list for an upcoming auction.  Do some due diligence on properties you like and with minimum bids are.

Then go to the auction and see how it works.  Compare your bids to what bids are actually made at the sale.  Go and observe first.  Network before and after.  Ask questions.   See who wins.  Talk with them about what they will do with the property, how long they will hold, how they came up with a specific bid, etc.   You might do this 2-3 times...depending on your comfort level.

If you think the numbers and timeframes work for you, then go for it at the next auction.

If your goal is to acquire properties, then go see everything you bid on, before you bid.  Know what you are buying.   Know what your exit strategy is.