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Updated almost 10 years ago on . Most recent reply
Finding Raw Land with Owners Who Owe Taxes
Hi folks,
I ran across the podcast linked below:
http://www.sidehustlenation.com/the-best-passive-i...
It's about flipping raw land. They discuss finding raw land owned by people who owe taxes on it and may be eager to sell, then sending them offers.
I'm trying to learn how to do this without paying to guru who talks about it in the podcast. So far, all I am hearing about in my research is auctions on tax distressed land that has ALREADY been seized by the state.
Can anyone clearly explain to me how to search for tax distressed properties that are still in possession of the individual owners?
Most Popular Reply
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It can be more difficult that you think. Many properties at tax sale are intentionally abandoned because of some problem, like won't perk and is unbuildable, has hazardous material on site, in a floodplain, wetland, landlocked, etc.
Be careful and know what you are buying before laying out the cash. and yeas tax sales are a cash business, you can't get a bank mortgage before the sale.