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Updated over 6 years ago on . Most recent reply

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5
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Delonte Wall
  • Washington, DC
0
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5
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Buying an apartment building from a tax sale. Good idea or no?

Delonte Wall
  • Washington, DC
Posted
Hi I am an young an eager entrepreneur and looking to buy an apartment building in an tax sale . The building is an 8 unit apartment building and I found it in an auction in DC for 11,000$. Is it a good idea to buy a property in a tax sales auction or do people stray away from things like that? I’m looking for answers and im located in Washington, DC and the building is in wash, dc. All opinions are valued . I have little experience in RE but I attended RE school and know the basic principles and laws .

Most Popular Reply

User Stats

175
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207
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Brian M Sweeney
  • MBA, CFP®, EA
  • Columbus, OH
207
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175
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Brian M Sweeney
  • MBA, CFP®, EA
  • Columbus, OH
Replied

Do your due diligence. 

Most people that aren't familiar with your situation or the area aren't going to know if it is a good deal or not. I have made and have had clients make tax sale purchases that have worked out tremendously. Others not so much. 

Do the research. 

  • Brian M Sweeney

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