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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 18 May 2005 06:17:26 -0500
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: Buying properties at tax sales
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Text of the message: |
In article <1116396395.861740.50070@g49g2000cwa.googlegroups.com>, "The Space Boss" <drsmith666@aol.com> wrote: > I have heard that these tax sales can be risky. One obvious reason is > that there's no time to have the property inspected, the funds are due > the same day at the sale I'm attending. Tax sales are the best way to hand off a property that has hazardous waste to some unsuspecting mark. In addition, the big money people have gotten involved with these sales over the past decade, and the rate of return is often bid down so far that there simply isn't enough in it to make it worth while. It was great when you could get 12% and 14%, but it isn't worth the risk at 6%. There are still some deals out there if you look hard enough, but make sure that if the big money is passing on a property, that you are not buying something that needs a million dollars worth of haz-mat |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.