After you buy a tax lien?

[Kevin Hurney]

Trying to find out what happens after you buy a tax deed from the county. What are the advantages of this strategy? How long would it take to realize a profit? If the original owner wants to buy it back how much interest do they have to pay? Any feedback would be great, thanks!

[Wayne Brooks]

Kevin, you may be confusing Tax Deeds and Tax Certificates, assuming you are referring to Fl. Tax Certificates are where you pay the county the over due tax, lend them money, for a set interest rate. If the owner, or other certificate holder pays the taxes, you get your interest. A Tax Deed is when a Tax Certicate holder sends the property to a public auction, to get repaid, and the high bidder at that auction receives title to the property by a Tax Deed.