Messages

1

Questions and Answers / Insuring a Tax Sale Property

« on: April 08, 2006, 02:16:34 AM »

Hi There,

Has anyone tried to get Home Owner's/Property Insurance for their newly acquired Tax Sale Property? What about liability and people going onto the property or falling trees onto someone else's property, etc.?

Nimai

2

Questions and Answers / Re: Vacant Possession

« on: April 08, 2006, 02:13:24 AM »

I have a few more questions on this topic.

1. If you are evicting the person, what happens to that person's personal possessions?  If they are evicted and don't take them do you have to deal with those items?
2. What rights do you have in regards to vandalism, damage to property by that person? Legally can you go after that person to make repairs?
3. How can you prove the property was damaged after you took ownership or whether the property was already in a state of disrepair?
4. If you need a court order to remove the person, what is the process? How much does it cost? How long does it take?
5. How do you prevent the person from coming back on the property?

Nimai

3

General / Borrowing To Purchase

« on: April 08, 2006, 01:44:15 AM »

Hi There,

Does anyone know about borrowing funds to purchase a tax sale property? If you do not have 100% of the bid, is it possible to borrow from a bank or other lending agency? I understand in general a property must be paid in full by 14 days.

Nimai

4

General / Capital Gains Tax

« on: April 08, 2006, 01:41:39 AM »

Hi There,

This is my second post. Can anyone explain Capital Gains Tax? What is the rate? How is calculated? How can I avoid paying it?

Nimai

5

General / Land Transfer Tax

« on: April 08, 2006, 01:18:54 AM »

Hi There,

This is my first time posting. Can anyone advise what Land Transfer Tax is? How does it work? How much does this cost?

Thanks,

Nimai