New Aspiring Investor

[Frank Flores]

Good evening to all,

Happy to now be part of this big community and I’m excited to take notes.

I’ve been interested in investing in delinquent tax sales here in Houston. Any advice for a first time investor?

Thanks in advance.

[Wale Lawal]

@Frank Flores

Investing in delinquent tax sales in Houston can be profitable, but it comes with risks. Since Texas is a tax deed state, you gain ownership at auction, but the previous owner has 6 months to 2 years to redeem it by paying your bid plus 25% interest (in year one). To avoid pitfalls, research liens, check property conditions, and set a max bid before buying. If you need help analyzing a deal, DM me, and I’ll point you in the right direction!

Good luck!