Are tax deeds a good investment for finding cash flow properties

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6y

    I own 19 houses that are paid for and cash flowing that I have acquired mostly through tax sales.

    Some are owned by my self directed ROTH IRA.

    So yes absolutely!

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  • Megan T.
    FL · Member since 2016 · 73 posts · 58 votes
    6y

    @John Underwood

    I have been trying to learn more about tax deed sales. What are the potential risks in buying a property this way? Is there a risk of other parties having potential ownership of the asset (mortgages, prior liens)? Is the title clouded for future sales? 

    Thank you!

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6y

    Yes there are risks.

    A prevois owner or stake holder could come back and say they were not properly notified. The county could make errors that could be overturned etc.

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