What Types of Properties are Offered at Tax Sales?

This week we answer a question that is on a lot of beginning investor’s minds. What properties are offered at tax sales? Residential, commercial, acreage? Watch the video as we discuss just that!

Transcript:

Hey, everybody! It’s Casey Denman here with TaxSaleAcademy.com, answering your weekly question. This week’s question comes from Justin, and he asked, “What types of properties are offered at tax sale auctions?

All right, Justin. First off, thanks for your question. Justin, you know, you’ll see just about everything underneath the sun offered at tax sale auctions. I’ve seen pieces of property as small as 2 ft. x 2 ft. that is barely wide enough to stand in that gets auctioned off. On the opposite end of the spectrum, I’ve seen a shopping center before that was a few hundred thousand square feet with A+ credit rated tenants also get auctioned off. Somebody apparently forgot to pay their real estate taxes.

Predominantly, most tax sale auctions will be made up of residential properties. There’ll be some vacant residential properties and there’s going to be a lot of residential homes. On occasion, you’ll also see subdivisions. I have purchased my fair share of subdivisions at tax sales. You’ll see stuff like boat docks. I mean, if it has a tax bill, Justin, sooner or later, you are going to see it at some sort of tax sale auction.

So Justin, I hope this has answered your question. If you need to follow up or if anybody else has any questions about tax sale investing, go ahead and click on the link at the bottom of this video. It will take you to my website, TaxSaleAcademy.com, where you can submit your question and it’s very possible I’ll give you a video response just like this one.

Have a great day, folks! Take care. Bye-bye.