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Updated about 6 years ago, 11/10/2018

User Stats

3
Posts
0
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Dwayne Smith
  • Forest Park, GA
0
Votes |
3
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Tax Deed Sales/Delinquent Property Taxes Brevard County/Melbourne

Dwayne Smith
  • Forest Park, GA
Posted

Hi, 

I am a young wholesale/fix and flip investor in the Brevard/melbourne/Cocoa/Merritt Island/Orange county area and I have what may be a great but also obvious question. I've watched videos on how to target tax delinquent properties and I have found how to access properties on the tax deed sales list (from Max Maxwell and other notable investors). My question is: In this particular market is it it possible to offer home owners who have their homes on the auction list a price that covers their back taxes and interest along with cushion money to sweeten the deal and buy that property free and clear? for example if someone owes 10k in back taxes and interest and thats the price listen on the tax deed auction sale pdf, can i offer the seller $20k and walk away with title to that home? I'm trying to understand because I also see that there are people who have invested into the property as "applicants" who must be the tax certificate owners who have invested into the deed, and if no one beats their price they automatically get title to the property? Why wouldn't they offer the home owner who is indebted to the IRS the $? I'm trying to understand the motivation and reasoning behind why things are that way and this way hopefully i'll adjust my strategy moving forward. My goal is to use this strategy as a means to find property for under market price value price. I've been doing this for some time and have had no luck. All advice and any knowledge is welcome.