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Updated over 4 years ago,
Tax Sale Auction is done - what now?
Hi fellow BP community,
For the tax lien/ tax deed investors out there, I'm curious to know, what do you focus on once the tax sale season is over? I participated in my first tax sale auction in Baltimore City this summer - I didn't get anything but I learned a lot and I plan to bid with more purpose and seriousness when it comes round next year. But that's a while away, so I'm wondering what do those of you who invest in this RE asset class do when the tax sale season is over? Are you simply busy dealing with redemptions, title clearing, foreclosures, etc. from the lien certificates you won? Do you focus on another kind of real estate strategy while waiting for next year's tax sale auctions to come around? Do you focus on OTC sales is various locations all year around?
I'm currently reading the Bidding to Buy book by Aaron Amuchastegui and David Osborn and I'm thinking that foreclosures might be something I could focus on, pending my next foray into a tax sale auction. Plus, there is a bit of overlap with tax lien investing, so that can't be bad, can it?
I just kind of want to keep my momentum going after my first (albeit unsuccessful) tax sale experience. I'm interested to know what your journey was and what advice you can offer, if any.