Question 1

How can investors acquire property through tax deed sales in Florida?

Accepted Answer

FL tax deed acquisition: investors attend the clerk’s public auction (online in most counties), register and deposit funds (a deposit is typically required), bid on properties (minimum bid: all delinquent taxes + interest + fees + costs), and the highest bidder wins. Payment: full amount due within 24 hours. The tax deed: conveys marketable title (Section 197.573). After acquisition: the investor should file a quiet title action (Chapter 65) to obtain clear, insurable title, and then: sell, develop, or hold the property.

Question 2

What are the investment strategies for Florida tax deed sales?

Accepted Answer

Strategies: buy and flip (acquire the property at the tax deed sale for below market value; clear the title through quiet title action; sell at market value), buy and hold (acquire rental properties at discounted prices; generate rental income after clearing title), land banking (acquire vacant land at low prices; hold for future development or appreciation), and wholesale (acquire properties and assign the purchase to another investor for a fee). Key metrics: the investor should calculate the maximum bid based on: the property’s market value less: quiet title costs, repair costs, holding costs, and profit margin.

Question 3

What are common mistakes in Florida tax deed investing?

Accepted Answer

Mistakes: not doing due diligence (failing to inspect the property, check for environmental issues, or verify zoning), overbidding (paying more than the property is worth after accounting for quiet title costs and repairs), ignoring surviving liens (CDD assessments, municipal liens, and IRS liens may survive the tax deed), not budgeting for quiet title (a quiet title action is essential but adds cost and time), and not understanding occupancy (the property may be occupied by former owners or tenants who must be evicted). Budget: allow for quiet title costs + 3-6 months to complete.

Tax Deed Sale Property Acquisition

Property Acquisition Through FL Tax Deed Sales

Acquisition

Strategies

Common Mistakes

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