Tax Sale properties

[J Abrams]

I did it in the late 80's. Bought a 2 acre vacant lot in Orchidland for around $9,000. Mainland owners. It was a sweet lot with some beautiful Ohias and some dirt too. Had a nice mountain and distant ocean view. Waited the year, and got clear title. Sold it about 3 years later during one of the real estate upswings. No problem conveying clear title including title insurance. There's a nice house on it now, and they kept the ohias! I made a decent profit, but Uncle Sam took 30% for capital gains.