Tax deed investing in Washington state

[Maria Luna]

Hope everyone is having a great weekend, Has anybody on this site invested on tax deed sales in Washington state? I’m really interested on finding more information. I been doing my research and see a lot of people saying that is a good way to find good deals. Some seem to good to be thru.

[Gabe Hall]

@Maria Luna, yes I have bought property at tax sales in Washington state.  WA is a tax deed state, which means you get the property (and not a lien) when you win at auction.  You need cash and its either due right then (literally you walk up and pay and everyone else waits to see if you have funds) or wire within 5 days. 

My experience so far is that you can get discounted properties, but there are no "easy deals". If something is worth money, chances are a few people are there to buy it. For instance Thurston county just did their auction earlier this year and a house in downtown Lacey went for around 140%? Assessed Value, 50% ARV. It was gutted by fire, holes in the roof, covered in junk, condemned, etc. But if you are creative, lucky, or both its a great way to get property.

Also most of the state is slowly switching to online auctions.  ************** is what all of the counties are using.