Tax deed redeemable sale?

**texasmr2** · 02-25-2009, 07:25 AM

Finally found a property my business partner and I are interested in but the county is a 'tax deed redeemable' county. My question is what advantage does the buyer have because basically it is just like a 'tax lien' sale and I'm having trouble distinguishing any advantages for us. The property is not a 'homestead' yet it has 3 available rental dwellings on it but we want a quick turn around and have only viewed the property from the outside.

Any help and advice would be very helpful,
Gregg

**thomas12** · 02-27-2009, 10:15 PM

Buyer does have many advantages as such on such kind of properties. I think you need to ask a real estate expert for this one!

**texasmr2** · 02-28-2009, 06:25 AM

After further research the buyer has the option, just as in a tax lien sale, to buy the property back in 6-24 months. The only advantage to the new deed holder basically is the potential rental income if the property has a liveable dwelling on it. I have learned more over the past two weeks than I learned in the last 6 months due to diligent research and asking alot of questions to alot of different people.

Thanks for your reply thomas12,
Gregg