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Hey I got a great property next to me. Recently renovated ;) Oh and don't mind the leans on it and the fact that the owners are still going through the courts or the fact that it is tagged as a past grow-op.....did I mention great neighbors :D
Definitely do your homework
I wish you could snap up an acre of land for a 1000 bucks I watch 4 acres in the valley for go for as much as 2 million
My 2 close friends do it all the time. They buy properties and flip them or hold for long term. This is the website you need:
http://www.taxsaleproperties.com/
As mentioned above, do your homework, don't bid blind on something that seems too good to be true!!! I am a realtor and my friends always use my access to information and many of their bids are unsuccessful. Takes a lot of work, and some luck to win these silent "auctions". In the past year alone, we have driven to Collingwood, Muskoka, and Haliburton areas to check out some properties...
You can...you'll just have to resign yourself to a 3-4 hour drive to get to it...might not be a bad sacrafice for good hunting land.Quote:
I wish you could snap up an acre of land for a 1000 bucks
I am dying to buy some land around here but Its just way to pricey. I figure if I come across a good chunk of land for a decent price I will buy it.
I already told the soon to be wife that if i buy land we are living in a 50 foot camper until I build a house. hahah
I actually have bought a tax sale property and turned a quick profit when I listed it with an agent and sold it. You have to do your homework. You must do a title search or pay someone to do a title search. I came close on getting several others. I always did it with a friend...split the risk and the profit.
First off, just wanted to say thank you to all of you who took the time to reply to my post very much appreciated!!!
I guess I will really have to think about it and do my homework on it.
Thanks for the website, I'll will check them out.
A friend of a friend had two pieces of land in the huntsville area 100 acres each land. He first wanted $20,000.00 for each property which I did not have a problem with that, I would only buy just the one piece of land.
He then came back to me at $25K and I said fine, then again 30K, so I ask him do you want to sell this property or what...
He came back to me and said yes, $40 for 100 Acres. I told him to shove it.
I found out that the reason he was really selling the property is that he was getting a divorce and needed the money.
At the end, he gave both properies to his ex wife which turnaround and sold it for $30K for both.
Would have been a nice deer camp.
Thanks again,
Luba
The Ontario Gazette is another good place to find property that is being put up for sale for back taxes. It is published weekly, and can be downloaded on the internet. A lot of libraries get the paper version.
I was offered 350 acres for $40 K just north of Harrowsmith. Appeared land locked so did not buy. turns out there were 2 road access routes (deeded) but had not been opened in 50 year.......so check out even land locked property if it catches your eye. go to the township registry office and look up the lot you never know.
I met a gentleman (retired) who spent free time looking up deeds in the registry office and found 100 acres of bush land (near dacre) that was surrounded by crown and had an access road. but the township had not collected taxes in 25 years -he tracked down the owner and the very elderly daughter who had inherited the place and bought it for a song. Lesson: check out the registry office for land you are interested in......you never know.
I once heard about some property around the corner. A real estate agent told me that it didn't touch the small lake back there so I passed. Turned out it DID touch the lake and the rest of the lake is mostly landlocked crown. Shoulda asked the listing broker instead of my "friend".....