Liquidate the property even before you pay the taxes. Do this to earn quick cash. Other real estate investors would be calling you right away by putting a right price to the tax deed property. The amount of taxes would affect the price by lowering it but this would also allow the property to be a really good deal, and would sell off faster than you know. The new buyer of the property would pay the taxes and you walk away with profits in the pocket.
Another option is to keep the tax deed property. Redeem it as soon as you can. You can then rent it out, thus creating a monthly income. You can also fix the place up if there’s any damage to make it look like new, and sell for a full price to interested buyers.
With tax deed property investing, there are also lots of other options you can do to make profits. Due to the rising number of foreclosures, now is the best time to take advantage of this wonderful opportunity.