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TAX DEED SCHOOL
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Lesson 104 - How did you do?
1. What does it mean if a lot is vacant?
*
a. Anything can be built on it
b. There are no existing structures
c. Nothing can ever be built on it
d. There are structures in disrepair
2. What is an attractive features in a condo tax deed sale?
*
a. Less likelihood of exterior work being needed
b. COA liens extinguished with tax deed sale
c. Often a lower upfront cost than single family homes
d. All of the above
3. Who should you consult if you’re interested in a warehouse on the tax deed auction?
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a. A county clerk
b. An investment partner
c. A licensed commercial Realtor
d. Any Realtor
4. What is a worst-case scenario for buying a single family home at auction?
*
a. The home is a 'tear down'
b. The home needs a new AC unit
c. The home has an overgrown yard
d. The home has no garage
5. What is a difference between a townhouse and a single family home?
*
a. Townhouses have separate roofs
b. Townhouses are connected to other buildings
c. Townhouses are never in an HOA
d. Townhouses always have a yard
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