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Updated 10 months ago on . Most recent reply

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Anastasia P.
  • Investor
  • Madison, WI
5
Votes |
17
Posts

Looking for tax deed mentor (preferably someone who specializes in land)

Anastasia P.
  • Investor
  • Madison, WI
Posted

Hi all, I've been wholesaling land for the last few months and am closing my first two lots in June. I purchased a course to learn about Tax Deed investing and you can say it was ... vague. Thankfully I had some knowledge from the wholesale course previously which bridged the gap between things that were missing in the tax deed investing course. Because I'm already wholesaling land, there are some things I do understand when it comes to purchasing tax delinquent lots, but still feel a bit lost. I particularly want to focus on tax deeds for now.

I wanted to know if there are any reputable mentors out there that could help me learn? I'm a person who likes someone by my side to show me the ropes that I can learn from. I find it hard to navigate tax deeds on my own but know I could do it with the right guidance and practice. Any relevant advice would be helpful. Thank you

Looking for

Most Popular Reply

User Stats

373
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149
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Edgar U.
  • Real Estate Agent
  • Miramar, FL
149
Votes |
373
Posts
Edgar U.
  • Real Estate Agent
  • Miramar, FL
Replied

I buy lots in FL all the time, for tax deed it's best if you do some research up front, verify that the previous owner doesn't have anything owed (i.e) judgment, liens, etc. If all is well, close on it and they will issue a tax deed sale to you. This strategy is good if you are selling sub 20k lots, maybe get away with it a bit higher then this. However, in the post 20k buy price, it's best to run a quiet title because folks in that price range will want to buy the land to build or put something. This way you could give them a clear and marketable title for the land.

Send me a DM if you have anything else in mind!

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