- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Property tax sales
Posted on 5/3/25 at 7:25 pm
Posted on 5/3/25 at 7:25 pm
Anyone had some success with these tax sales?
12% return sounds great, but I'm sure there is plenty more to it.
Do you end up paying cash of the 'hammer' price plus the year's taxes cash the day of the auction?
What are people looking for for the best opportunities?
How often do people actually end up taking possession of the property?
What would be the hypothetical total cost that you would have into a property by the time you would get it?
Is it always 3 years of tax payments?
How does the bidding work? How do you value how much it should be worth?
What if the property has a mortgage/loan? How do you find this out?
Do you take over any liens?
Anything else to know?
12% return sounds great, but I'm sure there is plenty more to it.
Do you end up paying cash of the 'hammer' price plus the year's taxes cash the day of the auction?
What are people looking for for the best opportunities?
How often do people actually end up taking possession of the property?
What would be the hypothetical total cost that you would have into a property by the time you would get it?
Is it always 3 years of tax payments?
How does the bidding work? How do you value how much it should be worth?
What if the property has a mortgage/loan? How do you find this out?
Do you take over any liens?
Anything else to know?
2
Posted on 5/4/25 at 10:33 am to Kingpenm3
I own one piece of tax sale property (inherited from my parents) and have been involved in the process of numerous others.
From what I can tell it is very hard to lose money on the deal because if the property is redeemed it is a cost.
The tax buyer actually gets to acquire title to the property a very small percentage of the time but it does happen. If you buy a bunch of tax sale properties you hope that one falls through the cracks. Often this happens when the owner dies and the family just abandons the property.
From what I can tell it is very hard to lose money on the deal because if the property is redeemed it is a cost.
The tax buyer actually gets to acquire title to the property a very small percentage of the time but it does happen. If you buy a bunch of tax sale properties you hope that one falls through the cracks. Often this happens when the owner dies and the family just abandons the property.
Posted on 5/5/25 at 8:02 am to Kingpenm3
Not sure if you are trying to do these in Louisiana, but Louisiana is switching from a tax sale system to a tax lien system I believe. I'm not sure of the exact details or dates.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News