Buying tax sales for pennies on the dollars.

[Glenn Wykoff]

So, in my introduction post to BP I laid out my plan to purchase a tax sales in my hometown. Well currently i am 2 signatures away from buying the property for pennies on the dollar. I have been looking at the comps in the area, the house is a 3bd 2ba with a small lot in town. The comps are trending towards 75 to 80k, but they have a detached garage and they are very outdated. My brother and I will be doing the rehab 100% ourselves. I am looking to refinance my 1st home to provide the income to rehab the tax sale property. The house will be basically new everything will be updated. Our budget is 25 to 30 I am on the fence on weather to keep the porperty or flip the property.