Tax deed sales - how much (on average) to win the bid?
Hello all! As someone who has always been interested but never able to participate in an auction I am wondering what properties usually end up going for at these auctions (deeds not liens)? People on reddit and YouTube love talking about how they bought property for 10 cents on the dollar but don't talk about how often that happens or how much they end up getting for an ROI. I'ld be willing to bet the 10 cents on the dollar thing is pretty rare or that their actual ROI isn't very good.
I am hoping to get a better idea of what the average percentage of fair market value I can reasonable expect to pay to win a property might be. An average percentage of repair costs to get the house up to fair market value / or sold would also be good.
Thank you for taking the time to read my post, and thank you again for any wisdom or experience you can pass on!