Tax Lien Sales

[Lindsay Wilcox]

I'm guessing this has been covered somewhere, but alas, there does not appear to be a search function on the mobile app, so I can't find it!

What's the deal with buying tax liens? Great idea? Awful idea? Depends on the effort you put into it?

My long-term goal is to buy properties that need to be gutted anyway in walkable/bikeable/wheelchairable areas and rehab them to be handicapped accessible, then work out lease option agreements with people and families who might have trouble being an active part of other communities. It seems like keeping an eye out on the auction list and checking for distressed properties and trying to reach the owners might be a decent way to end up with some houses that need renovation anyway. Indiana (where I live) is also apparently trying to pass laws that would give nonprofits access to properties that didn't even get bidders at auction, so I might be able to go that route too.

Just curious if anyone has experience with tax lien sales. Let me know!