Los Angeles County Tax Deed Sale

[Josh Prince]

I see there is a LA County tax deed sale coming up in mid October.

There are some pretty nice properties that are being auctioned off for a few thousand or tens of thousands of dollars - should I count on the decent properties (i.e., those that are not plots of land in the desert covered in snakes and weeks) going for near market prices? Or is it possible to get a good deal at the tax auctions?

Has anyone had any experience successfully buying properties at the LA County Tax auctions?

[G.D. Haizlip]

Hello Josh,

It is probably difficult to determine if some of the most desirable properties will go for or near Market Value Price or not---having not attended the sale. Here is a strategy that may work for you:

I attended a Sale in GA with the same question in mind. I also wanted to find out for myself if all of the Properties that were being offered were desirable or not. Well, I discovered that the Heavy Players already had determined which properties they were interested-in or going to bid-on. They were not interested in every property on the list. This sale (for your reference) which just took place this Past Tuesday (1st Tues in Nov). had about 800-1000 properties, subject to a one year redemption.

Furthermore, because I had a courtesy list of properties offered at the Sale I was able to go back home and analyze those properties that were Not-Sold/ which received NB-no bids---and learned that there were soooo many GREAT DEALS left on the Table.

So, in short, I guess a desirable property depends on what you like/want to buy at a sale. Some people want properties with improvements, some want vacant lots, or adjacent vacant lots--some want houses they can live-in, etc...

However, since you mentioned California and lots located in desert-like zones, I would say that those are proberly undesirable ones for you. If I may say: You may also want to check-out other counties in California that may have more properties to your liking (those not in desert-like zones)--or try other Tax Deed States as well, or a Tax Lien State where you can at least earn interest on your money and if it (the property) is not redeemed then because you have a "priority" Tax Lien Certificate on that parcel, you can foreclose on-it--getting the property Free & Clear. If that is not your goal, then try a jurisdiction (city/state) where they just hold Tax-Foreclosure Sales (with a shorter redemption period or no redemption at all)

Just remember: There are plenty of Opportunities in this Business:

Let me know if I can be of further help to you.

As Always, Much Success As You Invest!