I cringe every time I hear someone say these five words: “On Zillow, it was worth…”
Please don’t make this tax sale mistakes—it can cost you dearly. Let me explain why relying solely on platforms like Zillow for property valuations is a recipe for disaster, especially when investing in tax sales.
The Danger of Surface-Level Research
Platforms like Zillow provide estimates based on automated data, not in-depth analysis. They don’t account for specific property conditions, local market nuances, or other key factors like title issues and outstanding liens. Assuming those estimates are accurate can lead to overpaying and significant financial loss.
I’ve seen far too many investors fall into this Tax Sale Mistakes, ignoring the importance of thorough due diligence. The horror stories are real: people losing their savings because they didn’t take the time to verify the property’s true market value or inspect its condition.
The Two Biggest Tax Sale Mistakes
- Skipping Due Diligence
Failing to research a property properly can lead to discovering costly issues after purchase. This includes structural problems, zoning restrictions, or unpayable liens. Never assume; always verify. - Ignoring the Rules
Each county and state has unique rules governing tax sales. Ignorance isn’t an excuse, and it can lead to losing your investment altogether. Know the timelines, redemption periods, and other specifics before you bid.
Learn From Josh’s Insights
Josh has been attending more than three tax sales per week recently and has encountered almost every pitfall/tax sale mistakes imaginable. In today’s video, he’ll walk you through his findings and show you how to avoid these costly mistakes. His experience can save you time, money, and unnecessary stress.
Final Thoughts
Tax sale investing can be highly profitable, but only if you approach it with the right tools and knowledge. Don’t gamble with your future—arm yourself with education and make informed decisions to avoid tax sale mistakes.
PS: Josh is going to walk you through some of his recent findings at the 3+ tax sales a week he’s been attending. Watch it above!
