Flipper/Rehabber · Atlanta, GA · Member since 2019 · 19 posts · 3 votes
So this week I attended a tax sale auciton. It was exciting but I was not prepared to buy, just wanted to sit in and learn. These houses were going for so cheap...Do you get possession right away?!
Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes
5y
You are not buying the property , you are paying the taxes and now have a right to collect those taxes from the owner plus interest . If they pay you made money , if they dont you file to take the house .
Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes
5y
You are not buying the property , you are paying the taxes and now have a right to collect those taxes from the owner plus interest . If they pay you made money , if they dont you file to take the house .
You are not buying the property , you are paying the taxes and now have a right to collect those taxes from the owner plus interest . If they pay you made money , if they dont you file to take the house .
Alright so it is more of a long term investing strategy, that makes sense!
You are not buying the property , you are paying the taxes and now have a right to collect those taxes from the owner plus interest . If they pay you made money , if they dont you file to take the house .
Alright so it is more of a long term investing strategy, that makes sense!
More short term , most pay the money and you get your interest and investment back in less than a year .
If you just interested in making 20% return on your money you pray the owner wants it back. I personally just want the property. I hope to be able to get at least 2 properties though tax liens this year.
New to Real Estate · Amory, MS · Member since 2021 · 21 posts · 16 votes
5y
Mississippi has 2 yr wait for them pay back with interest then you can use tax sales certificate. Mississippi judges frown on it though and will invalidate sale though in most cases if the owner appears court. Lot of hoop jumping but can be worth it. So if do it here for the property do your research aim for absentee owners that do not care or owners with incentives to sell out right.