All Topics / Help Needed! / Seeking Forclosure/Tax Lien Property.Help???

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  • Profile photo of JambroJambro
    Member
    @jambro
    Join Date: 2004
    Post Count: 2
    May 9, 2004 - 9:55 am

    I`m still attempting to get started in property investing….it`s a long story,but,in the midst(end?)of a property boom,at least Brisbane/Gold Coast….I`m still trying to get a house to renovate(that`s the line of business I`m in!!..Talk about frustrating)So I`m looking for a way to buy a house at a rock-bottom price,renovate/improve it,and move it for a decent profit….so,I`ve been seeking help in finding foreclosures,or tax lien properties,so far,without any success…it`s so available(the information,and the properties) in the USA,but here,it`s like it`s like a big secret..(the big players hiding it from everybody else)..Or,is there anyone here who has “the inside story”?….James,at the Gold Coast…can I include my phone?? 0414-777034…I`m open to any kind of joint venture…I`ve just completed 2 large Renovation/Improvement Projects,which are my forte….each project took 4 months,but both clients are estatic upon completion….so,I`m just making the point,that this is where I`m at,and I`m seeking some help to do something profitable…Thanks for your interest

    j.morgan

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    May 14, 2004 - 10:58 am

    James

    I’m afraid that the tax lien properties are an American ideal. I have however seen a council sell off some properties for unpaid rates, which I guess is similar. However, there were only about 4, and at least one of them was paid up before the auction.

    I think you need to get in contact with Real Estate agents, and maybe some bank managers etc. to see if they know of any clients that may wish to sell quickly for a drop in price etc. Other than that, it’s going to be all research for you.

    Cheers
    Mel

    Profile photo of FFCommFFComm
    Member
    @ffcomm
    Join Date: 2004
    Post Count: 627
    May 15, 2004 - 5:40 am

    We don’t have foreclosures or tax liens, as melbear said American idea. That said you can still pick up good property by keeping your ear to the ground.

    Rgds.
    Lucifer_au

    Profile photo of kay henrykay henry
    Member
    @kay-henry
    Join Date: 2003
    Post Count: 2,737
    May 15, 2004 - 5:47 am

    Jambro, any of these properties that are for sale for unpaid rates or are mortgageee sales, have to be sold for market value or as close as they can get to it anyway. It’s not like they will sell it for whatever is owed on the property these days.

    kay henry

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 17, 2004 - 12:55 am

    Sometimes finance brokers have clients who are in trouble and are unable to be helped and are about to be foreclosen upon.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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