Ontario Tax Sale Property Forum
Welcome,
Guest
. Please
login
or
register
.
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News:
Tax List Property Listings Forum
Home
Help
Search
Calendar
Login
Register
Ontario Tax Sale Property Forum
»
Tax Sale Forum
»
Questions and Answers
»
Making a bid
« previous
next »
Print
Pages: [
1
]
Author
Topic: Making a bid (Read 17552 times)
0 Members and 1 Guest are viewing this topic.
RenoCoach
Newbie
Posts: 1
Karma: 0
Making a bid
«
on:
April 26, 2005, 10:55:04 AM »
I have never purchased a property for sale for taxes. There is one for sale that the taxes are only 21,000 but it is a $200,000 dollar home for sure if fixed up. What is the general rule of thumb when going into this game? Would like to know. Need help bidding starts soon. Thanks
Logged
Rob
Administrator
Senior
Posts: 536
Karma: 135
Re: Making a bid
«
Reply #1 on:
April 28, 2005, 06:36:54 PM »
Well in my opinion,
You need to add that $21,000 in taxes figure + the bid on the property + additional property costs afterwords.
If that amount is 30% less then the home value I would say its a great purchase. Keep that total 140,000 or less..
What does everybody else think?
Logged
TLCCanada
Newbie
Posts: 2
Karma: 1
Re: Making a bid
«
Reply #2 on:
July 29, 2005, 03:06:54 PM »
Fantastic deal. Go ahead and submit offer. Need a partner? Contact me. ROGER
Logged
Print
Pages: [
1
]
« previous
next »
Ontario Tax Sale Property Forum
»
Tax Sale Forum
»
Questions and Answers
»
Making a bid