Costs to Buy and Flip CA Tax Deeds to calc Max Bid at Auction

[Andy Li]

Are below all the costs to buy and flip tax deed auctioned properties in CA?

Should I work backward from ARV, factor in a profit, factor all the expenses to come up with a max bid at auction?

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Getting Property At Tax Auction

- transfer tax

- my bid amount (pay off unpaid property taxes and fees)

- buyer's premium at auction

Reselling Property

- paying off other govt liens not removed by tax sale

- selling cost (commission, escrow, title, transfer taxes, etc)

- holding costs 

- quiet title action cost (to clean title)

- repairs/maintenance/cleaning 

- eviction (of previous owner or occupants)