Buying Out-of-State, Judicial Sale in Central PA

[Kyle Winey]

I am attracted to the low housing costs of central PA for long-term rentals. I live 3 hours away in Virginia. 

To give me even bigger bang for my buck, I'm interested in a judicial sale. Several houses previously sold at 1x annual rental income at these judicial sales. 

Seems like a goldmine. 

What am I missing? 

PS. @David Krulac seems to be the expert on this. Is that the case? 

[Kyle McCorkel]

@Kyle Winey

I’d strongly suggest if you are a newbie AND long distance, do not try to buy at a judicial sale.

Learn the process for tax delinquent properties. First it goes to upset sale and anything that’s a remotely decent deal gets scooped up there. Then it goes to judicial sale. Yes the liens are wiped out. But it’s basically an auction and auctions are terrible places to get good deals in this market environment- tons of enthusiastic buyers overbidding. Not to mention the properties on the judicial sale list will be in undesirable areas, and will need way more work than you think.