Tax Deed Auction Part 1: When, Where and How to Find Deals at a Tax Deed Sale

Full blog post: https://retipster.com/tax-deed-auction-1/

If you've ever wondered how a tax deed auction works, I'm going to show you exactly how to do it in this video.

Tax deed sales do present some opportunities, but they're not as easy to find as you might think. You need to find the right property, understand what it's worth, and determine if there's enough "meat on the bone" to provide a solid profit margin based on the minimum bid amount.

If you want to try your hand at tax deed investing, I'll show you how to get started.

Table of Contents
0:00 - Intro
0:47 - What is a tax deed auction?
1:32 - The opportunity and the competition
2:21 - The biggest drawback of tax deed auctions
2:49 - Why Michigan of all places?
3:09 - Understanding whether you’re in a tax deed or tax lien state
3:30 - https://retipster.com/tax-liens-tax-deeds
4:31 - Knowing what time of year the tax sale happens
4:49 - Getting registered and approved to bid on properties
6:06 - How do tax deed sales affect the property’s title?
6:29 - https://youtu.be/jJKydfTG3hk
8:53 - Filtering out the best properties
10:30 - How to decide which properties to pursue
11:04 - Deciding how much to bid on each property
11:29 - Property #1: Basic, high-level, “at a glance” due diligence
11:50 - Using DataTree: https://retipster.com/datatree (we earn a small commission for every sale that is referred through this link, and it will save you some money if you go through this link instead of the normal DataTree website)
14:25 - Property #2: Basic, high-level, “at a glance” due diligence
16:14 - Property #3: Basic, high-level, “at a glance” due diligence
16:44 - Property #4: Basic, high-level, “at a glance” due diligence
18:32 - When should you start bidding? Before or during the live auction?
19:11 - How to find, review and bid on each property
21:31 - How bidding works
23:16 - Taking notice of potential due diligence issues
24:48 - What to expect when the auction goes live (next video)

See the full map of all the tax deed states (and tax lien states) in this blog post: https://retipster.com/tax-liens-tax-deeds

What is a Quiet Title Action? https://youtu.be/jJKydfTG3hk

The website I use for a lot of my property research is DataTree. Here's our affiliate link, where you can get a discount on the service: https://retipster.com/datatree (we earn a small commission for every sale that is referred through this link, and it will save you some money if you go through this link instead of the normal DataTree website)

Want to learn how to find MUCH better deals on vacant land properties? Check out the Land Investing Masterclass: https://landinvesting.retipster.club

Want to learn about a lot of other ways to find great real estate deals? Check out The Beginner's Deal Finding Guide: https://dealfindingguide.com

Видео Tax Deed Auction Part 1: When, Where and How to Find Deals at a Tax Deed Sale канала REtipster