Munglord replied to the topic Tax Lien Stories – how is everyone going with these? in the forum Overseas Deals 10 years, 8 months ago
Hey guys, Is there a place you can go to find tax liens online?I know some of you have bought certificates/deeds online and I was just wondering what the process was once you've decided on a strategy. Cheers
I think you will have a hard time convincing the owner of the property to allow you to keep the rent!
I think that's the part that that's been most confusing as this really isn't a tradition deal… From my understanding I would take control of the property in exchange for paying the sellers mortgage from day one…The idea is…[Read more]
Thanks Terry, I had assumed that if I can't find either a buyer or finance before the end of the 12 months I'd forfeit everything I'd paid to the seller already. I'd mainly try this strategy for two reasons: one because of my financial situation, as it would be extremely hard to get a loan right now as a working musician, and two because it would…[Read more]
Thanks Bell, I'm getting an attorney to look into this for me as well as far as my legal obligations are concerned, I was wondering though is it still considered a 'wrap' when you're actually taking control of the propery (in my case putting a tenant in) in exchange for paying the mortgage for the seller?I'm considering around Sydney, the North…[Read more]
Update: I've done a little more research and it sounds like a combination of an "option-to-buy" and an "assumption of mortgage" contracts. Anyone with any clue what might be involved in this kind of deal please let me know
I think id have to agree with all who said they’re kids should know “HOW” you get it, not just “how much”.
I think too many kids are taught from an early age that income earned from your job is everything: the more you earn the better your life is. I think most of us realise that’s not the case, however most of my life ive grown up with that…[Read more]