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Any thoughts on buying a house that is in a tax sale on the west side of indianapolis?

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I am able to pick these rental houses up for 3000 a piece on the west side of indianapolis, off of west michigan st., just past white river. They will continue to be rentals and I am trying to figure out the major downside to doing this.They are already rented and they are properties that my dad has owned. Apparently the maintenance is up to date, even though they are kind of shabby on the outside.

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May 13 - Indianapolis

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fromdeserttosea
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Hire an Indianapolis Attorney to help you purchase. It is a good price, but Indiana taxes are VERY high for those who do not live in the homes per se. I almost bought a home in this area, but decided against it because there are better areas, but the price is right.... Tough rental market I hear, but if you are willing to fix these places up... it might be a good deal. I personally love indy, but I am also 2,000 miles away.

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May 13

Michael Emery, "MikeEmery"
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And depending on the laws of Indiana, you may end up acquiring mechanics liens, IRS liens and other financial liabilities that are attached to the property. Make sure you will have clean title before acquiring these homes.

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May 13

Chanda Barrick, "ChandaB"
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Chanda Barrick, "ChandaB"

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Only major risk you have is if the owner comes up with the funds to pay the back taxes within the time frame they are allowed. If they do, they can take the house back...

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May 13

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Any thoughts on buying a house that is in a tax sale on the west side of indianapolis?

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Question need to know who has this house now,want to buy home. thanks

Question Any thoughts on buying a house that is in a tax sale on the west side of indianapolis?

Question Does anyone know anything about EZKeyRE.COM? I am researching them.

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Any thoughts on buying a house that is in a tax sale on the west side of indianapolis?

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Question need to know who has this house now,want to buy home. thanks

Question Any thoughts on buying a house that is in a tax sale on the west side of indianapolis?

Question Does anyone know anything about EZKeyRE.COM? I am researching them.

Related Articles about Investing

Guide What is Gross Rent Multiplier?

Guide A Primer on Tax-Lien Investing

Guide World Class Management Teams Oversee Condo Hotels

Guide Will a Condo Hotel Cash Flow?

Guide What Is a Second Home?

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