You don't actually own the property until the sale is ratified by the courts as a foreclosure is a legal process though you are generally responsible for the property taxes for the property from the moment you win.

I started off, wanting to get into RV parks however, I got sidetracked and now I am interested in tax lien and tax deed certificates.

So we have the inherited tax rate.

All that combined with low property taxes, no income tax, and landlord-friendly.

If you are new to buying at trustee sales I recommend studying a bit and learning how to conduct due diligence with regard to lien position, IRS liens, property taxes, title issues etc.

That means that whatever the sum of the Principal + Interest + Monthly Taxes + Monthly Insurance comes out to be, as long as the rental income exceeds that then it will qualify.

Hey @Darian Gore, While I am a bit biased, I would 100% recommend you work with a tax pro for your taxes.

Insurance, tax, tenant info, leases, applications, listing/marketing docs, water, notices, repairs, logs of maintenance and tenant damage, etc.

I’m 21, and after taxes and all expenses I have $55,000/ year I’m able to invest.

Since he’s 62 I know we can withdraw with no penalty, but is there a way to avoid taxes ?