The Big Tax Sale in Houston

[Greg Johnson]

I did my due diligence, now here comes the Tuesday tax sale. It should be interesting. I Wonder about if I should get into rehabbing or wholesaling? Anyone in Houston that can guide me to a conclusion?

Greg 

[Sam Craven]

well, if you are buying at a texas tax auction, no title company will insure title until the foreclosure is 2 years old.  So if you rehab it, no retail buyer will be able to get a mortgage on it for 2 years.

If you wholesale it, your end buyer better be paying cash and have a long term exit strategy of owner finance or rental.

Tax auctions are not to be taken lightly.  You should look into the trustee sale.  Much better chance of getting an insurable title.