We found a tax sale last week. There is just $2,300 owed on this home, which is 1 year of taxes. It needs work and we can't get inside of the place. It is a 2 family home, another investing company purchased it a year or so ago for $1. I believe they had the place rented out but just didn't take care of it, they prob. just left the place how it was when they got it, rented it out and were slumlords. So we have until friday to put in a bid. We can own it free and clear for the asking $2,300 and then assign it to another investor for a nice chunk of cold hard cash or get a hml and rehab it and get the place rented out. Even if we did nothing to the place, we would only be paying $200 bucks a month to keep it. So Jan and I both agreed we should put in a low offer, $850.00 is the number that came to my head, which seems reasonable, and it is an offer I think will be accepted. We have nothing to lose. So we are submitting our offer of $850.00 tomorrow. We will keep you all posted. This will be great if we can grab a home for under 1k. Crazy? yes! Possible? Of course! Where others see something they don't want to deal with Jan and I see $$$$$$$$$$!
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams