Tax Delinquent Opportunity

[Zach Kirkton]

How does investing in tax delinquent properties work? I have a potential deal where an apartment building is behind taxes for around $120k. The property was assessed at $175k. The current owners is asking around $70k. How would I tackle this? According to him it only needs cosmetic updates and some tuck pointing. It’s an 8 unit all 1 bed 1 bath and he’s currently pulling in roughly $5k/mo with some vacancies.

[Chris Seveney]

@Zach Kirkton

Assessed value is worthless as John mentioned get an appraisal.

Also call the county and when is it going to tax sale? Also did you confirm that tax balance?

I’d it’s going to sale in the near future why buy it from the seller just buy it at tax sale.

I also never believe someone who owed $120k in taxes that the property is in great condition...