Florida Tax Deed Purchase

[Raghu Kontakts]

Hello,

A newbie just starting to learn the basics of owning real estate. I learned about the possibility of buying homes thru Tax deeds afer reading RichDad PoorDad. I have created an account with the county's auction site(Broward county) here in Florida and following the process for months to understand, however I feel like I do not have enough information on things to consider before I pull the trigger and buy one.

Following is the criteria that I'm following to buy one...

01) Narrow down to few properties out of the list for focus

02) Picking only those that are in my range i.e 70k

03) Picking only those that can be bought at 70% of After repair value minus ~15k expenses.

04) Making myself familiar with the neighborhood of the properties by driving thru. Choosing properties that are 'B' or 'C' grade on Niche.com.

05) Going thru county records(honestly I don't know or comprehend what I have to look for here except special assessments)

Please suggest/advice if my approach is wrong or need alterations.

First one in my family/friends circle to venture into this area, so absolutely have no idea where to begin or discuss apart from reading books watching YouTube videos listening to podcasts and now ending up here on forums.

Thank you