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A few days ago I showed you how to bid on
government owned houses at a tax auction.

One of our subscribers - Carolyn - responded with
a great question.

I'm paraphrasing, but it went like this:

"Should I bid on an auction house if I haven't seen
the inside of it?"

No.

You should not buy a house if you're not able to
see the inside.

(Only the most experienced investors should be
bidding on houses where they cannot see the inside
first.)

So what should you do if you want to see a property
before bidding on it?

Some of the properties will be occupied.  If
occupied, then you won't be getting inside before
the auction.

Don't bother with the houses that are occupied.

Other houses will be vacant.  In some areas,
the county will schedule a "showing" of each property
before an upcoming auction.

It is like an abbreviated open house - but without
any milk or cookies.

You might have about 15 minutes to walk around.
Bring your flashlight and camera so you can review
with a contractor afterward.

Your county's tax bureau or treasurer's website
should indicate if, and when these viewings are
scheduled.

Each county handles their auctions differently so
it is important to familiarize yourself with the local
rules before placing any bids.

Remember, the idea of buying a tax auction
property is to get it at a price where you have
immediate equity and plenty of room for any surprises
or mistakes. (I call this "screw up" insurance.)

Here are some more examples of tax auction houses:
Do you feel like you could fix and flip a tax
auction property?

Are you ready to go but feel like a step-by-step
plan of action is what you need?

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