Henshaw Lake

[verbalnoncents]

"Lastly, I contacted the owner's to see if I could offer any help out of their dilemma, but they were extremely rude. As stated all mortgages would disappear if it is not redeemed.  "

To be quite honest I think that your intentions were not well thought out. If you want to get a good price on a tax sale why would you search down the owner and let them know that they have to pay their taxes a few days before they are due?
That's up to them to find out. The person is obviously an idiot not paying taxes since they bought the property.

Next time think through these mindless actions.

[quikcar]

Gotta agree with Pfm1011, there are some real flaws in the logic about contacting the current owner.  Can't see them responding to a total stranger when they have not bothered to respond to the Township over this matter for several years. 

[ugazzovision]

I have had two nasty disagreement with my contacting the owner. I'm sorry I brought it up - I should have kept that tactic to myself. I just have to say that I have bought and made considerable money contacting owner's directly (See Robert Allen). I have bought tax sale properties, for-sale-by-owner properties, recreational properties, residential properties, and commercial properties. I am currently buying an 18 unit apartment building. I do this full time. I was hoping to share ideas with like-minded entrepreneurs and perhaps pass along some new ways of doing things that might get people some properties.

My philosophy of always trying to co-operate instead of compete has worked very well for me over the years. I don't see any of that in this forum and so it is not for me. I will keep reading but regretfully not posting.

[quikcar]

Perhaps another forum would have been more appropriate to have explained what you have now iidentified as your "tactic." 

[Frank]

I have had two nasty disagreement with my contacting the owner. I'm sorry I brought it up - I should have kept that tactic to myself. I just have to say that I have bought and made considerable money contacting owner's directly (See Robert Allen). I have bought tax sale properties, for-sale-by-owner properties, recreational properties, residential properties, and commercial properties. I am currently buying an 18 unit apartment building. I do this full time. I was hoping to share ideas with like-minded entrepreneurs and perhaps pass along some new ways of doing things that might get people some properties.

My philosophy of always trying to co-operate instead of compete has worked very well for me over the years. I don't see any of that in this forum and so it is not for me. I will keep reading but regretfully not posting.

Unfortunately, you missed the boat,  this is a competition...one in which we spend time and money researching properties in the hopes of getting the best deal we can.  I've heard that there are people like you out there who approach tax sale property owners in order to scoop the property for less than market (and obviously more than it would fetch in a tax sale). 

You are quite correct this is not the forum for you.  good bye.

[Jayz]

What's the fuss?

I don't believe uga is the only one who has contacted the owner or at least thought about doing the same. I confess I thought about it. I would call the owner for the same reason. All you guys are in business. Ain't that still a fair game?

One of other reasons I would call the owner is to find out what makes him or her let go of what he or she has invested $100k for by not paying property tax which added up only to a fraction of his or her investment and probably ruin his or her entire credit for it. What goes through his or her mind and what kind of life experience/hardship he or she is having.

Uga is here to share info and experience with good intention. I can't imagine what a "mean" place this forum will become without honest people like him. For this reason, he has my support. Stay on and keep up the good work, pal.     

[Pfm1011]

Contacting the owner makes total sense in a potential POS when he owes a bank 300 k and they are coming to take the house, It takes months to sell a house so the owner is over a barrel and will sell private to avoid the foreclosure and save his credit or possible debt after repossession.  Of course this is a taxsale forum, not a POS forum....

In a tax sale , its just damn stupid, the tax is a minor amount compared to the value and he isn't over a barrel , not a deep barrel anyways..The only reasons not to pay the tax is..bankruptcy, executions, owner is dead, land is worth less then tax, owner is a d*ckhead.

Sorry but I hardly believe a successful real estate trader wishes to share  knowledge.. Business is competition. I can assure you that with 1500 members, many are pros , or semi pros but they aren't handing out secrets. Nor should they.

The sharing of knowledge here is only on pieces you don't want, You are dreaming if you think anyone is going to tell anyone on here about a good deal,   The point of this place is to tell people about bad deals so none of us waste time, IE  You don't have to drive 300 miles to find out something is Sh*t and I don't want to do the same. There is a ton of crap out there and we need each others help wading thru it all. But if you find a diamond, its every man ( or woman) for themselves.

How to tell if land may be a good deal..NO ONE TALKS ABOUT IT

Example: No one discussed Ridge rd or Wellington st  in Hamilton..We were too busy looking at John Deere brochures or planning kitchen renos .  This is a competition..  But the minute I found out they were redeemed , I posted it so no one wasted their time.   I hope everyone will do the same with other pieces .   

When I asked a question  about a certificate of validation , no one answered because the people who knew the answer also knew I was referring to the Ridge rd property.  By answering my question, they are providing me information I can use to win the deal.  ( steal the deal from them)   They didn't want to help me, which is completely  fair and what I expected.  If the shoe was on the other foot..I wouldn't answer either. I sure as hell wouldn't disclose that the greenzoning on it still allowed it to be split in to two lots and the winner would make an instant  3 or 4 hundred on the deal minimum. That piece was Diamond, hence..no discussion

The reason people  share info here is self serving. If I warn you about the pollution in Mississippi mills, I save you from taking a bullet, I hope you will return the favour and warn me on another piece in the future..By saving you I hope to save myself. Sort of a England and Russia team up against Hitler.. We aren't friends but we help ourselves by helping each other. The enemy of my enemy is my friend, our common enemy is wasting time on bad lots.  ( and apparently guys who contact the owners directly trying to scoop a deal )

[Frank]

PFM

All very sage advice no doubt.

 However, it is academic now as the cottage on Henshaw was redeemed this morning (as I originally predicted it would be).

[Jayz]

... However, it is academic now as the cottage on Henshaw was redeemed this morning (as I originally predicted it would be).

It's everybody's prediction I believe. Whatever you do on this is just a way of experiencing things. In that sense, uga definitely made a smart move.

[Frank]

I'll not drag this out any further, you are correct in that experience is in the doing.  However, the learners are not listening to the wisdom of their elders and costing all of us.  Somehow I am beginning to think that my posts here are somewhat counter-productive and the whole thing will self-destruct.  What is the point of having a tax sale, if Uga is going to save everyone from themselves.  There's not much that is worth anything that gets to final sale in the first place, and as it was astutely put, these people aren't tax-payers so why do they deserve the time of day in the first place.

Anyone who thought that Ridge Road would make it was also dreaming in techni-colour... the answer to your question regarding cerficate of validation was intuitively obvious,  anyone who has ever severed a piece of property would know.

[dreams101]

Frank,

I think just by the posts alone most people can tell who's who on here.  By that I mean who know's what they are talking about.  That is the impression I'm getting and I am very very new to this.  I have NOT bought a tax sale "yet" and I am learning lots on this forum.  I only wished I had found it sooner.

I would never dream of contacting the owner, only because I would really feel that would be counter productive and I wouldn't get anywhere with it anyways.  Some people may have the "gift" of talking people into selling their property to someone over the phone, however I am not one of those people.   As for a Tax Sale....I'm looking for the right one for me.  Will it come around?? Maybe maybe not, but I'll have fun looking. 

I was disappointed on the Bala Lot.  Thought maybe this was the one, but I know in my heart it wasn't the kind of property I'm looking for ...water level (yikes and the road noise).  Very close is the one across the road with the big for sale sign that is listed at 299,000 (4 acres, 1010 waterfrontage, + 2.2 acre backlot and an addition piece of an island)  Don't need all the extra stuff but it is a sweet lot. I don't have that kind of coin but for someone out there it is.  Sorry off topic.

on that note....I'm still paying attention

[verbalnoncents]

I'm just curious how many people put a bid on the property?
And if you dont mind how much were you hoping to "steal" it for

Unfortunately, I missed the shipping deadline boat and wasn't able to get my ducks in a row to send up the offer by the fedex deadline of 5pm to get there by end of day tomorrow.

[quikcar]

I'm new so, I did send in a bid.  Wanted to at least go through "the process."  Agreed that it would likely be redeemed.  Sent the bid via Xpresspost, it shows it was rec'd by the post office on April 18 @ 9:39am, they attempted delivery and left a card on April21@10:42am.  I'm pretty sure the township office would have been open at this time.  Is there a better way to do this other than Xpresspost, or do you need to incur the costs of a courier.  Like I said, I'm new and looking for some advice.

[Pfm1011]

The 20 dollars for fedex will seem like nothing if

 A: Post office loses you money order and you have to spend hours at the bank and wait a month or two to get your money back  or

B: The post office delivers one day late and you find out you would have been high bid if you only spent a few dollars more for Fedex but you missed the deadline...

The extra 15 for fedex  is money well spent

[quikcar]

Looks like no one else wants to admit that they send in a bid even though most agree that it would be redeemed.