Looking to purchase a tax foreclosure property in Charlotte.

[Shannon Danko]

My husband and I are looking to purchase our first rental property. We are thinking concord bc its cheaper but then I came across several tax foreclosure auctions coming up in Charlotte. Does anyone have experience with this?? I would love some feedback! Thanks in advance, I appreciate it!

[Harry Marsh]

I do 300'ish closings a month in the area

From the little you've told us: I'd say 'run away'
Tax foreclosures are competitive in Charlotte.   'big' guys lose money on them (on occasion).  They often sell at 90% of value and people lose money if property condition is poor
Is it possible to make money?  Sure.   Mecklenburg County: less likely to make money.   There are 50 savvy investors in Charlotte, every day...looking at these
Cabarrus/Union County?  There might only be 10 looking at the property:  you have a far better chance of 'winning'

You probably need an experience real estate agent like Curtis Waters to figure things out (evaluate your world and what to do).  It takes many years to get 'good' at these