TEXAS TAX DEED INVESTORS- what's the 1 thing you wish somebody told you before your 1st purchase?

[Sundai S.]

Hello all,  I have been researching the tax sale auction process for a few months, researched each propriety on this months list.  I have taken an online class and have access to online GIS, CAD, and county clerk records.   

So now I'm seeking the wisdom that can only come from real world experience.  

Please leave a comment concerning, something you wish you knew, or had to learn 'the hard way' or a bit of advice about clearing title clouds, dealing w/ residents, anything that the folks trying to sell you their book or class don't tell you.  

Thanks in advance!  

[Roy Oliphant]

@Sundai S.

Welcome to Tax Deed Investing!

This is something we tell everyone but I hear it is not well known elsewhere:

Texas has a Contestability period, in addition to the Redemption period, of 2 years from the date of the Sheriff's Sale.  It is very difficult, if not impossible, to get a title policy during this period.  If you're strategy is to flip to a retail buyer, you need to count on a minimum holding period of 2 years.

Good luck and Good hunting!