I just wanted to give everyone a quick update on the my recent tax sale trips throughout Texas. In addition I consistently interview other investors to detemine if the real estate deals are drying up or growing.
Of the 32 tax sale investors interviewed in the last 4 months the number of deals in smaller counties is on the rise. The larger counties continue to present strong competition and should be used as to supplement your buying opportunites.
12 of the investors interviewed found it relatively easy to purchase at least one property every 2 months. The remaining investors chose to purchase about every 4 months and sought out the most appeal deals to buy. Redemption appears to take place at a much lesser rate than in tax certificate states. This means that Texas investors must keep a strict watch on research skills and should view the property.
In summary, the state continues to offer strong opportunites and limited legal costs (since there is no foreclosure after the redemption period ends). If anyone has any questions about some of the specifics of the findings let me know.