You’ve got lots of options to choose from if you are looking to expand in real estate investing, specifically in tax deeds. You can purchase tax deed property, which is one of the most profitable investments today in the real estate business.
One word of advice, skip the tax sale. There are so many competitions in a tax deed sale to acquire a really good deal. Also, you need lots of money to be a tough contender especially when there are big investors around. Besides, there is a waiting period before you can become the new rightful owner of the property. It is best to purchase tax deed property that you can get right away.
Invest in tax deed properties that are in states in which the redemption period is after the sale. This is the best way of getting properties you like. You can simply narrow down which properties are profitable, just by taking a look at what happened at the recent tax sale. Also, you’ll see those that are worthless.