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I’m one for Tax Lien Investments. I’m a Melbourne-er as well. There is only one problem with doing this in Melbourne though. We’re kind of restricted from being able to look at the house itself in person. I want to learn more about this stuff. I’d be good to go if a group started up.
Qlds007 wrote:JudithNobody said it couldnt be done in the US in fact we have been helping clients with this for nearly 15 years.
The reference was made to Australia and was stated that it couldnt be done here in Oz.
To be honest depending on the State 18% is not that great a return.
18% doesn’t seem that much but think about it. It’s guaranteed. I think it’s a great starting point. But who knows, a person who doesn’t pay their property tax might fail to pay for the for the set period they have to pay the total tax lien and the interest. You then have ownership of the property. And you basically bought it for an example $1000? That’s a jackpot in my opinion.
Richard, you have any advice for a young investor for property investment in Melbourne, Australia?
