Negotiating OTC Tax Deeds

[Olubunmi Adeboye Jr.]

Hi. I wanted to find out if anyone had successfully negotiated and purchased OTC Tax Deeds, preferably in Florida. Although the county has a purchase amount + accrued taxes, was there room to make a lower offer that the county accepted or were they strict with the taxes owed purchase amount? 

For example: $9,500 OTC tax deed that didn't sell in 2016 went up to $10,100 with accrued taxes from 2017 & 2018 but county accepted purchase amount of $9,800.

Thanks

[Olubunmi Adeboye Jr.]

@Wayne Brooks....It depends. I'm not sure how familiar you are with Broward and Dade market but low income neighborhoods property values have been increasing substantially. I've been following the trends. I cant find a vacant lot in Liberty City going for less than 60k retail (last i checked). Forget about Overtown which parts of it has been greatly gentrified (i.e Wynwood).  They've built new properties in the Liberty City area starting at 250k.