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Tax Liens & Mortgage Notes

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Rita Merlo
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Tax Deed Auction Real Estate

Rita Merlo
Pro Member
Posted Apr 11 2024, 21:54

Hello!

I have been looking into tax deed real estate particularly in California; I live in Los Angeles.

What has been people's experience with dealing with the dwellers/owners/renters of these tax deed properties? I'm hesitant due to the California laws that favor renters over landlords. 

Do most people wait 1 year for the redemption period before doing anything to the property?

Is your new property tax based on the assessed value of the home or the price you purchased it for at the auction?

I understand that it is advisable to do due diligence before bidding. What does your typical list of these things include?

Are there any particular strategies people use for bidding in these types of auctions?

Thank you all!!

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