Real Estate News & Current Events
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Tax lien home in a low value market
Hello My name is Quinton living in Indianapolis. I would like to invest in Toledo Ohio. A family member has a tax lien of $19K but the home is worth only $20k plus repairs. The home is abandon so we all know what comes with that.
Tax owe: $19k
Current value: $20K<
repairs: $20K
comp sales: $60k
Comp rent: $800-$1000
As a new investor the numbers don't add up unless I hold it for 20years plus years
What should I look for in up and coming areas?