Texas Delinquent Tax Sales and Hard Money Loans, Is It Possible?

[Paul Crutcher]

So, I know a delinquent tax sale in the area. The numbers work for a live-in BRRRR. All I need is the capital to make the purchase.

Is it possible for Hard Money to put up about $40,000 without the property being under contract? 

How much time is typically available after purchasing a tax sale to acquire the property? I've heard that it must be the day of, but I the source was unclear.

 I have a PLOC for $9,000 but only $3,000 is now remaining of that from other purchases. The exit strategies are refinance, rent it out, or flip. 

Any words of advice or caution for tax sales?

Thanks everyone!

[Greg H.]

The chances you will get a hard money lender to loan on a Texas tax sale property is slim(that is being kind).  There is a redemption period of 6 months or more likely 2 years.  Additionally, most title companies will not provide title insurance for 2 years