I want to buy houses/condos at property tax auctions and do minimal work to fix them up and then sell them quick. My plan is to make this an official business and do it full time, probably 5 or 6 houses per year to start, maybe more maybe less. I don't want to deal with any heavy duty renovations; just basic cosmetic stuff like paint and flooring. Ideally, I'd like to get a house at an auction and live in it for a couple months while I fix it up and then sell it when I move on to the next property.
I've lived in California my whole life and I want to get out. It's so damn expensive to live and it would take a huge amount of seed money just to get started. I'm young and unattached and am ready to pick up and move across the country if that's what it takes.
I've been researching each state individually and an forming my own opinions about which ones have the best laws and ways of doing their auctions.
I'm strongly considering Texas, Nevada, and Florida. I want to avoid California, and states where real estate is super expensive, and states that have laws that aren't conducive to this kind of business.
Does anyone know which states are best for this kind of thing, and which I should avoid? I'd love to hear any personal experience anyone has with flipping tax auction houses.
