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Updated over 11 years ago,

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4
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0
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James T.
  • Orlando, FL
0
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4
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newbie question about purchasing a tax deed property in florida

James T.
  • Orlando, FL
Posted

i live in Florida and i would like to try to start acquiring and flipping land here in florida. ive never bought a property before, heck i dont even own my house i rent. but i love making profit flipping cars and motorcycles so i would like to try to flip a peice of property. i found an empty lot online someone is selling so i researched it first on the local property appraisers site. i found that the person currently selling this empty lot owns it as a tax deed and has owned it for 1 year. i see the person paid 3300.00 in back taxes for it they want 3500.00 which i like because im a poor boy so its something i can afford. its assessed value is 11,000 but im afraid that they are wanting to sell it because of previous leins that are pushing on them. i read somewhere that with a tax deed you cannot do a title search. if i buy this property am i essentially walking into it blind, based soley on what the current owner chooses to or chooses not to tell me. can i do anything with this property before the 4 year mark is up. i heard you can do a quite title but not sure if its worth the time or money. i would appreciate any info or advice for a newbie trying to make a profit. thanks.

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