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Updated 10 months ago on . Most recent reply

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Breeze Xue
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Tax deed investing questions

Breeze Xue
Posted


Hi Everyone! I hope you all doing well!

I am very new to Tax deed investing in the CA US. I have questions regarding the owner and curious to see people's opinions

I find a piece of land that is going to tax deed auction and the land lies in a good/well-gated neighborhood. The owner is under an LLC company. Upon digging deeper I realized that the owner of the LLC has properties nearby(some have nice houses built), the LLC office is also nearby, and the owner has many other companies on file. To my surprise, the owner is also a local councilman and recently faced many lawsuit charges. Without checking the title yet, My question is, should I still possibly pursue it under which circumstances?

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Breeze Xue Despite what you hear about tax sales they can be extremely competitive. Pursue it if the price makes sense. My guess is no. 

Make sure the owner is not in bankruptcy. That will make the purchase void and tie up your money for nothing. 

  • Ned Carey
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