Tax sales ? Fraud or Real?

Quote from wareco:

Here is the latest property I bought at a tax deed sale about 5 months ago. Its all of the property immediately to the right of the island, including the submerged land.
(I subsequently purchased the island in an unrelated transaction). The light shaded area is the buildable area of the tax deed property, which comprises about 1.8 acres. The property is zoned multi-family and is assessed for around $250,000. I bought it for $30,000. I wouldn't take $500,000 for it.

So, you can get a good deal at tax deed sales, at times. But, it has gotten harder. In my county, tax deed sale info is now
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Funny! Too bad its impossible to build on, deeded natural trust in perpertuity, and cost to litigate far outweigh the potential benefits. therefore nice bird island and swampland you were suckered into.

:D
 
Quote from hudsonriverfats:

Funny! Too bad its impossible to build on, deeded natural trust in perpertuity, and cost to litigate far outweigh the potential benefits. therefore nice bird island and swampland you were suckered into.

:D
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Afraid not my friend. Property is zoned RM10. That's 10 units per acre. Besides I'm a lawyer, so its only going to be expensive for whomever tries to stop me.
 
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