Florida Tax Leins/Deeds

[Matthew Rollo]

Good morning BP!

I am looking to dive into some tax lien sales here in Florida. Only problem is I have not the slightest idea where to start of how the process works. Anyone know much about these and wouldlike to share some knowledge?

Any information helps, Thanks!

[Andres Calderon]

@Matthew Rollo 

As far as tax deeds go the bidding process itself is very straight forward once you get all your links organized. 

Here are some pointers and things to keep in mind ...

1) Select the county you wish to bid on.

2) Make a bidding account with the county you want to bid in. 

Just go to that counties comptroller website (clerk of courts website)  

3) Keep in mind you will need to have deposited 5 % of your bidding MAX amount prior to the auction. 

4) Pay for your remaining balance within 24 hours actually the same day is best. Leave no room for the owner to pay off the taxes. I've bought a property thought I was safe said heck i'll go tomorrow... when I walked up to the tax deed counter the lady said the woman who was in front of you was actually the owner she just paid off the taxes.... what are the chances of that happening to you not high but still....Leave no room for errors.

5) don't rely on google or zillow for images try to see the property yourself. When there try to get some information regarding the property  AND area from the neighbors.

6) Go deep into the public records looking for any liens the property AND homeowner may have.

You can also have a title company help you with this.

7)  Don't make the numbers work. Don't get attached to a property  if the numbers don't work move on there are many auctions and counties in florida.

 Good luck on your investing adventures !

-Andres Calderon