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Updated almost 10 years ago on . Most recent reply

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Ivelisse Matos
  • Kitchen Designer
  • Sanford, FL
3
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19
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Unsold tax properties

Ivelisse Matos
  • Kitchen Designer
  • Sanford, FL
Posted

I am new to bigger pockets and investing. Someone told me about unsold tax properties. Can anyone tell me how to find them in my town and if they are worth it?

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1,456
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
951
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1,456
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
Replied

Usually the worst of the worst.  Properties I wouldn't take for free.  Generally you'll find inaccessible landlocked parcels in rural areas, vacant lots in very rough areas (usually with a municipal demolition lien plus a ton of lot clearing liens attached), odd slivers of land (ie 8 ft wide lots), or swamp land/marsh/wasteland.  Tax deed auctions are competitive, if the property has value above the taxes it will sell (and even most times when it doesn't there's still a sucker who can't pass up the chance to own something for a few thousand dollars)

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