Seeking Advice on Foreclosures & Tax Deed Properties

Atlanta, Georgia
Rehabbing & House Flipping
1yFollow

Seeking Advice on Foreclosures & Tax Deed Properties

Hermia Bernard
Member since 2025 · 13 posts · 3 votes

Hi BP Community,

I'm just getting started in real estate investing, and due to limited capital, I'm focusing on foreclosures and tax deed properties that need some rehab. I'm interested in connecting with others who invest in these types of properties. I'd really appreciate any advice on how you got started, how you find off-market deals and any additional additional tips you are willing to share.

0Reply
102 views

4 Replies

Jump to latestLatest
  • Ashish AcharyaBusiness Member
    CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
    1y

    @Hermia Bernard 

    Hey Hermia, welcome to the investing journey! You are already in a great spot, being on BiggerPockets!

    Focusing on foreclosures and tax deed properties is a smart move when capital is limited because you’re essentially trading sweat equity and strategy for upfront cash. The key is understanding not just how to buy them, but how they fit into your long-term plan (flips, rentals, or BRRRR).

    A few tips from what I’ve seen work for investors I advise:

    • - Build relationships with your county offices: Tax deed lists and foreclosure auctions are public info, but showing up regularly helps you spot patterns and deals others miss.
    • - Get clear on your rehab numbers early: Many new investors think the property will be worth more than it actually is after fixing it up (the ARV) or forget to factor in how much it costs to hold the property while it's being renovated.
    • - Know your tax position before you buy: Depending on your income type and how you structure the deal (LLC, partnership, etc.), you could be losing deductions or missing out on ways to offset rehab costs.

    If you’re not already working with a CPA who understands real estate strategy, that’s one of the biggest early advantages you can give yourself. The right structure and plan can help you keep more of what you earn and scale faster.

    What market are you in? Some areas have unique tax sale rules or redemption periods that can really change your strategy.

    This post does not create a CPA-client relationship. The information contained in this post is not to be relied upon. Readers are advised to seek professional advice.

    [email protected]941-914-7779
    INVESTOR FRIENDLY CPA®5240 Reviews
    WebsiteView Page
    TaxMD® | Tax Planning Software
    WebsiteView Page
    0Reply
  • Scott Chilton
    Real Estate Broker · Belmont, MA · Member since 2025 · 150 posts · 65 votes
    1y

    Hi, Hermia. You’re starting in a smart place because distressed and tax deed properties can offer great value if you know how to spot the right ones. The key is to focus on learning your local market and building relationships with people who can bring you leads — like wholesalers, agents who specialize in distressed properties, and even local attorneys handling probate or foreclosure cases. Start by attending county auctions or checking your local clerk’s website for upcoming sales. What’s in it for you is access to properties with built-in equity potential that many investors overlook. Just be sure to budget carefully for unknown repairs and always verify title status before closing.

    0Reply
  • Hermia Bernard
    OP
    Member since 2025 · 13 posts · 3 votes
    1y

    @Scott Chilton Thanks a lot for your insights

    0Reply
  • Hermia Bernard
    OP
    Member since 2025 · 13 posts · 3 votes
    1y

    @Ashish Acharya Thanks a lot for these useful tips. I am in the Georgia market

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free