Updated about 8 years ago on . Most recent reply
Tax Sale Strategy - Does it make sense?
I am considering purchasing a property at tax sale. It is raw land, and is essentially part of the back yard of another house. The other house has about 20,000 sq ft of land, this parcel is about 5,000 sq ft. My thought is I can buy the raw land, and sell it back to the owner of the main parcel, who recently purchased it from a bank as an REO.
The property has access to a main road without going through the other parcel, but is currently behind a contiguous fence from the other parcel.
Does this strategy make sense, or am I putting myself in a poor position by doing this. I am dipping my toe in tax foreclosures, but haven't really dealt with these types of deals before. Any thoughts or comments would be appreciated.