Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$39.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

33
Posts
5
Votes
Tierra Petersen
  • Rochester, WA
5
Votes |
33
Posts

county auctions foreclosures: worth the risk?????

Tierra Petersen
  • Rochester, WA
Posted

I'm in Rochester, Wa, 20 Minutes south of Olympia

 I'm tinkering with the idea of buying a foreclosure that's next door. I just wanted to get people's input. They are $15,000 behind on their taxes. It makes me sad to buy someone's property, potentially, because they were unable to pay their taxes. I really don't know how I feel about making a profit off of other people losses. I'd like to talk to the neighbors and ask them what's up. I think that would be a real awkward conversation and they might get upset.

I don't have any money, but I do have some property and a mobile home. It seems like if I bid at the auction, I could seriously mess up and get stuck with a money pit that I can't get rid of or I could potentially make a lot of money or have another rental.

It seems like there's a lot of risk involved buying a property without seeing the inside. So I joined this site to see if anyone had any useful advice on this subject. 

Loading replies...