Tax sales are when the tax collector auctions off real estate to collect unpaid real estate taxes. These sales are held at regular intervals – at least once a year but sometimes weekly, monthly, or annually. The interval depends upon the jurisdiction. The winning bidder receives ownership of the real estate.
Tax sales actually present three opportunities for you as an investor. Most investors know about the most obvious – buying at the tax sale auction. But few know about the other two, less obvious opportunities created by tax sales.
There are many tricks and pitfalls to buying at the tax sale. I bought my first property there in 1989. Our team has been investing for many years and we have learned a lot. We have lots more to share with you about the ins and outs of tax sale.