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Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
3
Votes
Edward Ferrer
  • Brooklyn, NY
3
Votes |
34
Posts

Due Diligence on NYS Tax Real Estate Auction

Edward Ferrer
  • Brooklyn, NY
Posted

Hi Everyone, 

I am planning on purchasing real estate through a tax auction.  

What are specific things I should consider/look out for before placing a bid?  

Thank you! 

Most Popular Reply

User Stats

13
Posts
8
Votes
Darren Kresge
  • Lender
  • Buffalo, NY
8
Votes |
13
Posts
Darren Kresge
  • Lender
  • Buffalo, NY
Replied

I actually just attended a Erie County Tax Lien seminar and thought of these tips.. I don't have any experience myself yet. Seeing the property is always best obviously. Although securing the assets is key in this seller's market so hopefully they will be profitable for you... depends on your use of the property - flip or buy/hold, etc.

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