All Forum Posts by: Sandra Edmond

Yes there is a ton of competition at many of the online tax deed auctions. I am in Florida. I go out of my way to do the in person auctions when the prices are reasonable. You can forget using MAO numbers anywhere in this market right now.

You can try and buy the property before the auction but there are a lot of people telemarketing property owners so chances are you will have competition there too.  

As far as paperwork goes you use a standard purchase and sale agreement to make your offer.  Then if you get the deal you use a title company or an attorney to close it. If you are new I would not advise you to do your own table top closing.  Let the professionals handle it.  Your time is better spent finding a buyer. Good luck!

@Red Johnston Join cfri.net. The oldest Reia in Fl and one of the largest in the country. Excellent group!

@Wendy Busa You can check the public records to see if there is an IRS lien in their name. But no the IRS won’t be problem. IRS has a certain # of days to enforce their lien then they get wiped out. If the enforce it they buy the tax deed back from your and pay u some additional costs to you.

@Sandra Edmond *someone

@Shimira Greene yup personal property. More than likely Simone leased the lot to put the billboard on it. If you buy the lot that will be a great stream of income if you can get a hold of them. 👍🏾

@William Adams Yes you absolutely can if you do what’s necessary to get title insurance. Most liens including mortgages are wiped out at the tax deed sale so there’s usually nothing to pay back. I’ve been buying tax deeds in Florida since 2004. Hope that answers your questions.

Hi! If I were you I'd definitely check out CFRI where you'll meet other investors there and get their feedback on contractors and Handyman. The best way to find people is to get referrals. CFRI also has a Facebook page. I'd also highly recommend Southeast Professional Title where Ryan Kopczyk works. He will help you get your deal closed and surpass any hurdles. Much success! Ps: Anywhere that the numbers make sense is a good area. I wouldn't stick to one particular city just follow where you find the deals. With that said... You mentioned Kissimmee. That's good however it is a little far so consider the drive time if you don't want to be too spread out not your properties too spread out.

Hello Pam Welcome to Bigger Pockets! Real Estate provides amazing opportunities. It's definitely not the get rich quick like the informercials portray. You can make a good living at it if you out the work required into it. I'm an investor in Orlando. Have you attended any of the Central Florida Realty Investor Association meetings yet? That is a great resource to network, learn and be inspired no matter what level of real estate. I've been investing in tax deeds and liens since 2004. I also do other types of real estate deals as well. Feel free to reach out to me if you have some basic questions. I'd also recommend you go to the auctions regularly as well while you learn. Throughout Central Florida we have several tax deeds sales going on weekly. Some auctions are live and some are online. The best advice I can also give is to pick an auction, see what properties are coming up at the auction, check the market values, go to the auction and see if your numbers match the high bids... (Don't bid just watch). Then repeat the same again for the next auction but this time go a little bit further by doing some due diligence on the tax deed file and the title search. (And go see the property). Remember it's one step at a time... we want progress not perfection. Much Success to you! Sandra

Great job @Christopher Vargas!  Persistence and TAKING Action wins all day long.   I am in Orlando too.  Here is a video on 'Driving for Dollars' https://www.youtube.com/watch?v=Zdte60dnT8g for people who are not familiar with it.  My first wholesales in real estate back in 2004 came from that technique.  Instead of sending them letters, I knocked on the door of their mailing address to present the offers (because I need to turn a profit like ASAP at the time).  Even when they said no, I left the contract with them and told them it has a 24-hour deadline and let me know in case they change their mind... and they did!  Keep up the good work Chris! How many letters did you send to your list?

Ditto, Great answer Shannon!  

Michael, since you are in Florida you may be inquiring about tax deeds and liens in Florida?  In Florida there is no redemption period on tax deeds.  Once the investor pays the final balance on the Tax Deed and the deed issued, the homeowner can't redeem (payoff) the taxes.  

I have been buying tax deeds in Florida since 2004 and love the technique.  There's money to be made before the auction and after the auction.  I have some videos on YouTube about the process and some of experiences.

Good Luck!

Sandra Edmond