Tax Deeds

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Has anyone here had success investing in tax deeds?

Meaning buying the actual property at the the tax sale, NOT TAX LIENS

Can you share your experiences?

[Thomas Lethcoe]

I have been involved in tax liens and tax deeds for 8 years and i believe them to be one of the most profitable avenues in real estate. The #1 most important thing to remember is numbers. If the numbers add up gp for it.
I don't know which State you are refering to , but, here in Michigan i just bought a tax deed 2 weeks ago. It has a rough appraisal of 60k
I bought it for 20K + theres a 10% buyers premium + $20 recording fee. Also you are responsible for this years summer taxes. I have under $23000 total into it, and I'll be selling it for $57k to the current tenant as the actual previous owner to the property is deceased.
One very important thing to know with Tax deeds is to do your research, never buy one you haven't personally seen,(not a picture) and to double check everything as the properrtied sold at auction are sold by their legal description , NOT by the address. KNOW WHAT YOU'RE BUYING! Oh, and don't enter an occupied property or start an eviction until you've recieved th deed.