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Updated about 7 years ago,
tax sale purchase for flip
I'm planning on buying a house at tax sale in the spring to hopefully flip and then 1031 into a rental later in 2018. I've read a few books, listened to every podcast I could find and bothered the nice folks down at my city tax office. Also, I already have 3 sfh so if I can't flip for the profit I want I'll just rent it. Not really nervous about it but not 100% confident either. I've flipped a house before but it was more of a hack. Guess I'm more concerned about the tax sale (county guarantees tax lien free at the spring sale) that the rest. Been researching title search companies in the area. One of my biggest issues is there's a quick turn around from the final list from tax office to the auction. Not a whole lot of time (maybe a day) to do final analysis and most properties get their taxes paid at the last minute so that kind of makes the majority of any research I do before then somewhat useless. Hope I've stated this clearly. Any other help or guidance to other threads would be appreciated.