I built a Florida tax deed scrub for vacant land. Here’s what I look at before I ever consider bidding.
I buy and sell vacant land in Florida, and one thing I learned pretty quickly is that a low opening bid does NOT automatically mean a good deal.
I got tired of digging through huge tax deed auction lists just to realize most of the parcels were never worth researching in the first place, so I built my own scrub process.
Before I get excited about a parcel, I’m usually looking at things like:
• Acreage and parcel size (there is generally a minimum that my hubsand and I are willing to consider, it varies per county)
• Opening bid vs. realistic resale value (based on our model)
• Road/access concerns (we usually only care about legal access)
• Basic zoning and usability
• Flood or wetland red flags (scrub jay zones!!)
• Recent vacant-land comps
• Whether there’s actually enough spread to make the deal worthwhile
• Owner/mailing information if there’s time to contact them before auction
I also keep the rejected properties and the reason I rejected them.
That part has actually been one of the most useful pieces because sometimes the value isn’t finding 10 “good” properties. It’s eliminating 100 bad ones before wasting hours researching them.
For the properties that survive the scrub, I’ll do a little deeper research and come up with a suggested max bid based on the strategy I’m using for that property. I am able to bid on more properties without sifting through hundreds of parcels that dont meet my criteria right off the bat. That means that I am winning more properties in auction, and I am much more confident in my pricing and much more okay with walking away from deals.
I recently started doing custom Florida auction scrubs for other investors based on their own buy box too.
I am curious as to how other land investors here are approaching tax deed auctions.
What is the first thing that makes you immediately reject a parcel?