All Forum Posts by: Christine T.

 Tatian if this is a tax deed auction for delinquent taxes on the property , the county should give you a free and clear deed with limited warranty , unless the county rules have different issues , check all the county tax sale rules for any variances but this is the majority of it , the owner lien search is good , but if this is a tax deed sale , the sale at tax auction should wipe out all the liens and will be only on the amount of delinquent tax money 

hope this helps 

Ehab T   

I have gotten a couple of 2 bedroom 1 bath houses for as little as $1200.00 each.

Both had a tenant that quickly became my tenant.

One house has central HVAC in it.

I'm new to investing and also new to BP. It is in regards to the 50% assessed value on the tax deed sale that was mentioned. You can't be referring to total property value are you? Let me explain my question by giving a "rough" example. Say a $100k property goes to the tax deed auction. It typically will show $2k in back tax and about $10k in fees, ( certificate holder interest and late fees I'm assuming) which brings the total to about $12k as an opening bid. Where does the 50% ( $50k in this example) come in? I'm clearly missing something.

I will tell you in reference to Tax deed properties (lots) I bought 30 in central Florida and I held them for four years and did not pay the taxes after the first year for  the next three. At the four year mark I sold 17 in less than 30 days. The taxes that were owed were deducted but I made a nice profit with very little cash outlay. I can not answer for others but tax deed investment for me worked well