What are the Pros and Cons of Tax Lien Sales?

[Jeff Petsche]

Recently I've visited a few OOS markets (Columbus, OH and Indianapolis, IN) and I've been made aware from another BP Indianapolis investor that Tax Lien Sales are great opportunities to pick up off market properties, but I have ZERO experience in this space. I'm a real estate Broker here in CA and have attended some court house auctions, but they were bank owned auctions, not tax lien sales.

I've done some research about Tax Lien Sales, but I'd like to hear from those who have used the Tax Lien Sale as a vehicle to pickup properties and what are some of the PROS and CONS, specifically how the REDEMPTION PERIOD works once a bidder is successful in acquiring a property. Not sure if every state is different or if the redemption period is the same for every tax lien sale.

Thank you in advance for your input.

[Dustin Haviland]

@Jeff Petsche @Randall Hicks I have been involved in the Tax Sale arena for several years and you are asking a complex and complicated question. Tax Sale law is different in every state and Tax Sale Auctions can be different in every county. A good place to start is the County website. http://www.indy.gov/eGov/County/Treasurer/Sale/Pages/buyers.aspx. That aside the Tax Sale Statutes are not difficult to read IC:6-1.1-25. If you want to discuss some details over the phone I'm happy to talk (this is not a sales pitch). The Indianapolis tax sale is October 5 and 6.