Constable/Trustee Sales in Houston...

[Oscar Macal]

Alright guys, I've been trying to find the best way to get into Real Estate investing and have somewhat been "discouraged" from doing any type of Lease option investing in TX, so I've started trying to learn as much as possible about Constable and Trustee sales in Houston, but I have a few questions.

First, it seems they both have their pro's and con's, since generally speaking, Tax(constable) sales have the POTENTIAL to be much cheaper to acquire, but have up to a 2 year redemption period, whereas Mortgage (Trustee) sales will probably be more expensive since the mortgage company wants the most money possible for their loan, but these generally do not have a redemption period. So in essence, which, in each of your's opinion, is better? I am on limited funds ($10k) so it seems for me, Tax sales are best?

Second, since it seems to me that tax sales are best for me, is there anyway LEGAL way "around" the redemption period? I ask, because it seems in essence "pointless", to purchase it, acquire the property, but not have the right to do anything with it for 2 years, because the original owners may buy it back? I feel there has to be something that can be done, that I am not aware of... Because sure I'd get the fees and interest and what not if they pay it back, but it seems to be rather small potatoes, especially for someone like me who is trying to build cash reserves quickly to continue reinvesting.
My thought would be if I could acquire a property for only the taxes owed, for example a $100k FMV home and pay $9k in taxes to get the deed and somehow (ethically of course), waive the owners right of redemption or have them forfeit their right, I could quickly flip the property for say $60k and make a nice quick profit. Is my scenario realistic?

Any and all information is appreciated! I attended the April Foreclosure sale yesterday (April 5) to see how it all worked, and hopefully, if I can soak up enough knowledge and experience from you guys, I can attend the one in May with the intent to buy a property or 2?

Thank you!!