tender price

[welcomelm]

Hi Everyone

I have hard time figuring out how much I should tender for a tax sale property. Does anyone know some sort of rule of thumb equation to come up with a reasonable figure for the tender? Thanks in advance

[Dave2]

Hi Everyone

I have hard time figuring out how much I should tender for a tax sale property. Does anyone know some sort of rule of thumb equation to come up with a reasonable figure for the tender? Thanks in advance 

When you get the answer let me know.  The only rule is one you can make money on if you resell or if you want for personal use you can afford to pay a little more. 

Given the risks inherent with tax sales it is less then people sometimes think because you cannot vet them like a regular real estate sale and you have to leave some money for contingencies.