Seeking Guidance on Calculating Maximum Bids for Tax Deed Investing

[Kami Kami]

I’m new to tax deed investing and I live in Texas. I’m aware that it might be challenging to have a standardized formula for this…but how will you go about calculating the maximum bid on a house that you intend to use for rental? How will the formula be different if you plan to rehab and sell?

Any guidance or advice you can offer on these calculations would be immensely helpful.

[Henry Clark]

Recommend you don’t start with this question.  Back up.  Print the rules out for Texas specific tax deed sales. 

Show them in here and we can help you dissect them.  Develop a buy list and logic.

What year does the tax sale go through?  2021?  You still owe forward.    
.       
Does this cover other tax liens?  Drainage districts, school districts, county, city etc?  

Houses year one 25%, year two 50%.   Forget what you will bid, how much will you invest and not cry when I come back and pay the taxes and the 25%?

Don’t go to the auctions.  Buy your property off auction.   Read the rules.  Pay below tax balance.  

What else?  Tear the rules apart and learn the game.