Posted by Irwin on March 15, 1999 at 07:09:34:
These properties are probably sold at a public auction, so you don’t know how much they will cost until you go and bid.
Once in a while, you can find a neighor who will buy it to add on to his property. I did, once. I might have made $1,000. More likely, no one wants it now, and you end up having to keep the lot mowed in the summer and clear of trash. This gets expensive, if you have to hire it done. You also have to continue paying the taxes. If you’ve guessed right, someday someone will want to build a new home on it, and you’ll do okay, but how long you have to hold it is the key.