There's a lot of unsophisticated buyers who attend these tax sales believing they are getting deals and in reality, these properties are not purchased nearly discounted enough to account for all of the delays without the ability to finance or inspect the real estate.

That means making sure the sale price is based on a fair appraisal and not being rushed through a discount deal.

For a dated triplex with below-market rents, you want a discount for condition and rent lag, not parity.If you want a cash-flow play → offer in the $180K range.If it’s a BRRRR or heavy value-add with strong ARV → maybe stretch to $200–210K if you can raise rents post-rehab.Here’s how I got it:Gross rent: $2,400/mo = $28,800/yrSubtract ~35% for expenses → NOI ≈ $18,700At a 9–10% cap rate, the property’s income supports roughly $187K–$208K in value.

At 6% discount from $540k is $496.8k.  

But if there’s structural uncertainty, walk away — fixing foundation issues can erase all your upside fast.Happy to chat through how to underwrite it or what kind of discounts to look for if you want to factor in the risk. 

Foreclosures/Probate /Distressed (Buying properties at a discount below market) 9.

Tighten your buy box to small multis with durable rents, underwrite with today’s taxes/insurance and a real reserve, and win by buying a discount or light value‑add that turns positive on day one.

Year 2020 later on in the year; The Court Granted a SUMMARY JUDGEMENT over their compliant filed to Quiet Title BY the property owner against the defendant (the 2nd lien Mortgage Holder who had become a 1st lien) 2025 TODAY - now this former 2nd lien Mortgage & Note holder (who slid into 1st lien position) wishes to SELL their Mortgage and Note position for a STEEP Discount. 

Those national, discount lenders will disappear when a bigger or easier deal comes along and you'll be left holding the bag. 

Do all Veterans qualify for a 5% or do they have to pay lender points, rate discount, or other origination fee's?