Bidding on Repository Property

[Michael Hepner]

I am new to Real Estate Investing. I went to my County Tax Claims Office and picked up a Repository Properties Listing. I investigated the properties and would like to bid on some. My question is: How do I figure out a proper bid to make?

For example, I am interested in a property that is close to 2 acres. There is no vacant ground sales to compare but a building lot of that size in that Township is approx $150,000.

Any help is appreciated.

Thanks.