Last Updated on February 24, 2025
With Arizona’s upcoming auctions this February, the rush to invest can lead to a costly tax sale mistake. Don’t fall into the same trap as others—watch this now to avoid major pitfalls.
A Painful Case Study: The Washington Disaster
Last month, during an online Bid4Assets sale in Washington, we came across a situation that serves as a cautionary tale. A buyer, excited by the prospect of a deal, made a mistake that cost them $40-50k on one property. Why? They skipped some critical steps that could have saved them from disaster.
The Key Mistake: Lack of Due Diligence
This costly tax sale mistake could have been avoided with proper preparation:
- Research the Property Thoroughly: Online auctions can sometimes hide underlying issues, like liens or structural damage.
- Understand the Auction Process: Different states and platforms have unique rules—familiarize yourself before placing a bid.
- Know the Neighborhood: Take time to evaluate the location and its potential resale value.
What You’ll Learn in the Video
In today’s video, I break down exactly what went wrong in this deal and how you can steer clear of similar tax sale mistakes. You’ll get practical steps and insider tips that will keep you from losing your hard-earned money.
Why This is Crucial for Tax Sale Investors
Tax sales offer fantastic opportunities, but they come with risks. Making a tax sale mistake, like investing without proper preparation, can quickly turn a great opportunity into a nightmare. Watch the video to equip yourself with the tools you need to make informed decisions.
Let’s Avoid These Tax Sale Mistakes Together
The road to success in tax lien and deed investing is paved with lessons. Don’t let this be a tax sale mistake you learn the hard way.
-Dustin
PS: Have a question about tax sale investing? Email us—we’re here to help! And don’t forget to subscribe to our YouTube channel for weekly tips and strategies!
