Tax sale properties are occasionally listed by their address. As tax sale investors we must remember that we are NEVER buying an address. Learn why in this video . . .

Transcript:
Hey there! It’s Casey Denman here with TaxSaleAcademy.com, discussing a mistake that a lot of beginning investors make. And that is using an address for their tax sale research.

What happens here, especially in terms of these beginning investors, is you’re researching property. You’ve got your tax sale list. You’re excited about it. And on that tax sale list, you see an address. It might say “123 Smith St.” So suddenly, you key in on that address. So you search 123 Smith St. You might find a beautiful house there. You get pumped up about it and you have big hopes and big dreams for this property, but you ignore the rest of what’s on that tax sale list.

What happens at tax sales is they don’t sell an address. They’re selling you a Legal Description. A Legal Description is a legal method and a legal way to describe a piece of real estate, to describe a piece of land. And if something is permanently attached to that land, such as a house, that house of course comes along with it. But a lot of times, over the years, I’ve seen dozens and dozens of cases where 123 Smith St., the address that they gave on the tax sale list, might not be the house located on that land that is legally described in that tax sale list.

So what happens here is you buy a house. You’re very pumped, you’re very amped about this house. You look at it. You go to it and you’re like, “Wow! This is a great house! This is the house that I bought.” And then you call a surveyor out and he actually surveys it and says, “No, you didn’t buy that house. You bought this vacant land next to it and you probably paid too much.”

So, when you do your tax sale research, focus on the Legal Description only. In past videos, I have discussed using an address to help you search and to help you research your tax sale properties simply because you can type an address into a mapping program or to Google and it will spit out a lot of information instantaneous. But before you start doing that, you have to be 100% sure that that address is on that legally described real estate.

You can do this through a variety of methods such as GIS. You could call a surveyor. There’s a lot of different ways you can do it. You can measure it out yourself just to make sure. But before you go and you start searching an address, again, make sure that that address and that that home is on that legally described land because after all, at a tax sale auction, the only thing you are buying is that Legal Description.

So, I hope this has helped you out and possibly saved you thousands of dollars in the future. For more information on the very lucrative tax sale business, and also, if you’d like to download your free copy of my e-book, The Tax Sale Blueprint, head on over to my website, TaxSaleAcademy.com. That’s TaxSaleAcademy.com. Have a great day, folks! Take care! Bye-bye.