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http://www.taxliens.com/
a brief guide…
as far as i know tax lien certificates only exists in america, and there seams relatively few risks.
basically when someone cant pay there property taxes, they are charged a deliquent tax on there property. now u pay off there debt, then They pay your principal (what you paid for the lien at the auction), fees (filing, notices, etc), and any penalties that may be issued according to state statute. If they do not redeem the deed within this time period, the lien holder has the right to file for deed. [biggrin] hope this helpshi mini,
i agree the times when +cf properties in australia are off in the distance, but i still believe they exist they always do, simply because most property investors are idiots. Wheneve someone gets into financial trouble there house, or investment house sale is usually the best way to get out again. in these desperate times money is not as big an issue, as not goin bankrupt, hence prices fall and an oppurtunity arises.
why do ppl sell +cf properties? i dont know either, i think perhaps its to ‘trade up in life’ and they trade there assets for liabilities, like boats, a bigger residence. Also a +cf property is possible for 1 person and not for another, largely depending on how big there loan is! if someone has the money to purchase a rental property outright its + straight away, i know for most people they wanna use OPM and its more effective at the start but i merely wanted to illustrate this point.but yes… thats my 2 cents worth
on a more personal note, im looking for some more exotic strategies, do things like tax liens exist in australia, id love to learn more about wraps, and any other investment strategies not normally looked at… even off sure investment strategies (like flipping in america) cause australias tax laws are just crap, also with capital gains in australia is it possible to defer them if you buy another investment property like american tax code 1031???????? much appreciated
