What is your motive for purchasing a tax sale property? Is it for more profits and the possibility of owning a new home? Before doing so, check if you have enough money to purchase the property which may be more than the suggested price. It is because you need to consider the taxes involved as well as any possible repair expenses.
There is another question you need to think about. Do you have the time and patience to process the papers required in order to buy a tax sale property? If you don’t, then these types of affordable properties are not suited for your needs. Keep in mind that these two are needed to inspect a property, fill up the necessary forms, and fulfill requirements.
If you have the answers to these questions and is prepared to do the task ahead, then it’s time to join tax lien and tax deed sales.