"Flip that House"

Tuesday, October 13, 2009

We spent some of today looking at a few houses that are for sale for the taxes. A few empty lots, some junk and maybe 1-2 possibles.It's not a bad deal, if the people don't pay their taxes, and the house goes up for auction.There is money to be made, whether you choose to renovate, or just buy for the taxes and flip it.
The benefits of course to buying a house at a tax sale is of course making thousands of dollars in a short amount of time.
You should make sure that the area you are looking in isn't an area that the real estate may not be good in, or your house may sit longer than you wish for it to.
We haven't decided for sure on this- but are thinking of the idea of it.
Has anyone else bought tax sale properties or are currently flipping houses?

Update: Oct. 14th:
We have decided at this point not to buy at the tax sale- it still is a good idea, but for us at this time, and lack of funds, it's not a good idea.

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