Tax Deed Auction Part 1: When, Where and How to Find Deals at a Tax Deed Sale

Tax Deed Auctions Part 2: Live Bidding War and the Aftermath

If you've ever wondered how a tax deed auction works, I will show you exactly how get started in this video.

Tax deed sales present some unique investment opportunities, but in my experience, they're not as easy to find as you think. You need to find the right property, understand its worth, and determine if there's enough "meat on the bone" to provide a solid profit margin based on the minimum bid amount.

I'll show you how to get started if you want to try your hand at tax deed investing.

0:00 - Intro
0:47 - What is a tax deed auction?
1:32 - The opportunity and the competition
2:21 - The biggest drawback of tax deed auctions
2:49 - Why Michigan, of all places?
3:09 - Understanding whether you’re in a tax deed or tax lien state
4:31 - Knowing what time of year the tax sale happens
4:49 - Getting registered and approved to bid on properties
6:06 - How do tax deed sales affect the property’s title?
8:53 - Filtering out the best properties
10:30 - How to decide which properties to pursue
11:04 - Deciding how much to bid on each property
11:29 - Property #1: Basic, high-level, “at a glance” due diligence
14:25 - Property #2: Basic, high-level, “at a glance” due diligence
16:14 - Property #3: Basic, high-level, “at a glance” due diligence
16:44 - Property #4: Basic, high-level, “at a glance” due diligence
18:32 - When should you start bidding? Before or during the live auction?
19:11 - How to find, review and bid on each property
21:31 - How bidding works
23:16 - Taking notice of potential due diligence issues
24:48 - What to expect when the auction goes live (next video)

[Alexedmartin.]

To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made

[dluuc]

I'm surprised there are so few comments. your video was helpful for me. teachable-- step by step, with clear logic.

[kennedyp]

I’ve never learned so much in 25 minutes 🙌🏾

[FionaFortune]

I was just at the Deschutes county tax deed auction, it was nuts, 200 people and they bid up every parcel to way over retail prices.

[mikesed]

Excellent video, very helpful and greatly appreciated by someone like myself who is starting to get into this type of real estate investing.

[lilthletterking]

I did land investing like 15 years ago for a little bit and I'm trying to relearn how I went about it

[KosherGoddess]

This series, is BY FAR the best on YouTube! So far I've seen hours and hours of info on subject, most of is self promoting material to rump up sales of super expensive courses. You material is straightforward and all clear and organized.
I felt great to find out that I developed similar way of thinking and research you were presenting, looks like I am on the right truck. For sure will be rewatching the whole series.
I am in CA so no competition, but one burning question:
What happens when you bid of several properties and you win few? You'll have to pay for all of them?

[tomatohimello]

Thank you for making this video. I've noticed the same thing.

[michaelrivera]

Great video bud. So with all the buds together is that the total amount you actually have available to invest?

[jwalters]

There is such a thing as due diligence title research, lien history, environmental liens, IRS liens etc. if you don’t get as much info as you can then a bad deal is on you

[Aubatron]

One thing that confuses me is the online bidding. Say the start bid is 1, 000, and you put in a bid of 10, 000. I’ve heard people say that if the second biggest bid is lower than the bigger bid, the winner will only have to pay a few hundred more than the second highest bid, and not their full bid amount. Is that true?

[Ryantaylor]

Just learning about this type of investing. I’m in Michigan. Would like to chat about things if you have time. Thanks

[filesejupin]

I have invested in tax liens and made some money but tax deeds I've tried that $90 to 100% of the time the houses are run down that nobody wants these people have taken advantage of the mortgage and other liens and they also come with liens you don't get a a fee simple clear title you get a quick transfer title and the sheriffs or the deed have other means and mortgages and or lawsuits and you can't find that out until you hire an attorney and pay $3, 000-5, 000 to clear the title from any liens ....just remember you really don't know if there's liens because it's a sheriff's deed or a quick deed it's not a free and clear deed so know!!!! I don't think he's explaining that to you you can Google the process really!!!!.... I just you know non-disclosure to me is the same as lying

[TheMoonDejesus]

Did this video on a channel about supporting people in tax deed investing that basically fat chance at actually doing it?

[ukjw]

You mentioned the 80 acres being competitive. Curious how high do plots of land like that typically go vs actual market value?

[lzjwfoi]

I have been having trouble getting info on where to get into a Tax Deed Auction here in my home town of Abilene Tx. Also known as Taylor County. Can you help

[TexasHeat]

I been trying to find the Houston area registration site

[gretakaveny]

Watch the auction for overages for the ex owner or the named executor

[edwardduffy]

In Florida, when homeowners don’t pay property taxes, tax certificates are sold first. If homeowners don’t take advantage of redemption, the tax certificate holder can file for the home to be sold in a tax deed auction. I’m not sure what state you’re in but you skipped straight to the tax deed auction.

[kitdriscoll]

How do I find a legit take sale website for my state? How do I guard against or discern fake sites?