I have two properties on Ebay that I’m selling on the 30 day auction following Jill’s advice. History; Both parcels were bought on a Tax Deed auction in Florida, both are .25 acres in residential areas in Lehigh Acres(Hardest hit during real estate crash). One was bought at $2300.00 on a canal, the other a corner lot at $3200. I have not purchased a quiet title because of pricing increase on property. I have about 10 days left on auction. The $2300 property is up to $1975(reserve $3999), The $3200 property bid is up to $2000(reserve $4500). I was concerned about not having a reserve and getting under bid. I’m planning my exit strategy on these properties in case they don’t sell. At what point do you say”it’s time to break even and move on”? These properties were bought using another system and I would never buy land at a Florida Tax Deed auction again because of pricing. The money I spent on these two properties could have landed me more bang for my buck in rural areas.
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