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All Forum Posts by: Zach Staruch

Zach Staruch has started 2 posts and replied 3 times.

Post: Tax Deed Sales - Can I just redeem and buy the property?

Zach Staruch
Posted
  • Real Estate Broker
  • Fort Myers, FL
  • Posts 46
  • Votes 2

Thank you @Arnie Abramson I was planning on having my title rep look at everything before pulling the trigger to make sure there aren't any other issues. I figured my plan was simple, too simple and easy to be true, but it sounds like it's an easy strategy that would work. Thank you!

Post: Tax Deed Sales - Can I just redeem and buy the property?

Zach Staruch
Posted
  • Real Estate Broker
  • Fort Myers, FL
  • Posts 46
  • Votes 2

I'm in Lee County, Florida, which is a tax deed county, and recently attended my first online tax deed auction. A lot of the properties get redeemed by the owner before the sale and those that don't get redeemed obviously sell for more than the past-due tax amount.

Why can't I just reach out the the owner and offer to pay their past-due tax bill (so they can redeem it before the auction), and in exchange they sell the property to me for an agreed upon amount? I assume it's not that simple, otherwise everyone would do that. But what's preventing people from doing it?

I realize that a tax sale wipes out most liens, which could be advantageous in this situation. I also know that the owner will typically get the extra money after all taxes & fees are paid. But if we're talking a vacant lot worth only a few thousand dollars, why can't I just reach out and buy it from the owner directly as stated above?

Post: Experienced Investor and RE Pro Relocating to SW Florida

Zach Staruch
Posted
  • Real Estate Broker
  • Fort Myers, FL
  • Posts 46
  • Votes 2

Hello! While I'm not new to BP or REI, I will soon be new to Southwest Florida. In anticipation of the move, I'd like to network and connect with fellow investors and industry professionals in that area. I'm going to be starting from scratch once there so I'm going to need a lawyer, wholesalers, contractors, a punch-out guy, title company, etc., and of course fell investors.

As for me, I've been a licensed agent in Florida since 2012 and Georgia since 2013. I love real estate and come from two real estate families - both my parents and my in-laws are brokers in the Tampa and Sarasota areas. I'm going to take a Florida broker class in mid April. I'd like to build a rental portfolio in the area and flip some houses, starting with one for my family to live in (see above).

If you are in Fort Myers, Gateway, Estero, Bonita Springs, Naples, Cape Coral, Sanibel, Lehigh Acres, or anywhere else in that general area, please reach out! I'd love to join a local REIA and am always up for lunch or happy hour with like-minded people (sorry, didn't mean for this to sound like a dating profile!).