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How to buy properties pennies on a dollar in Montreal Quebec

How to buy properties pennies on a dollar in Montreal Quebec is one of the strategy to acquire great deals.In Montreal Quebec real estate there are awesome opportunities for professional Canadian real estate investors to make money.

How to buy properties pennies on a dollar in Montreal Quebec

One of the best way to get an incredible deal is to acquire at real estate tax auction. There are several that take place each and every year where the properties are put up for bidding.

But what is a tax auction in Montreal Quebec

How to buy properties pennies on a dollar in Montreal Quebec requires expertise, strategies,and the law.The Cities and Towns Act (C-19) permits Quebec municipalities to recover property taxes owed to them by selling of properties for non-payment.

No need to obtain legal judgment to proceed with tax auction sale. There are very strict law and procedure on how the tax auctions must take place.

When a municipality in Quebec has unpaid taxes due from a property owner and the delinquent property owner has not paid off their debts after 6 months,

The municipality has the right to put up the property for sale for the taxes due at a public auction.

How to buy properties pennies on a dollar in Montreal Quebec information and time is very critical.

How to buy properties pennies on a dollar in Montreal Quebec

The list of delinquent properties is published after 30 days along with the date, time and location for the auction. The municipality must publish the notice in the local paper at least twice and the last publication must be a minimum of 15 days prior to the scheduled tax auction date.

Delinquent property owner

Delinquent property owner have until the auction date to settle up their debts including any interest and fees or their property goes on the auction block.

The municipality itself may bid on the property but they are not permitted to bid more than the total of the taxes owed, interests and fees, and any liens up to the total amount owed in taxes.

Any mortgage holders on the property are also advised of the auction and most end up paying the taxes owed for the owner to not lose their mortgage claim on the property.

The list of delinquent properties

The municipalities publish the list of delinquent properties months in advance of the eventual auction date. The  interested parties may see this list and request more information but they may not formally inspect the property before the auction.

How to buy properties pennies on a dollar in Montreal Quebec

How to buy properties pennies on a dollar in Montreal Quebec are sold in a auction.In some municipalities there could be dozens or even hundreds of properties on the list to be auctioned off but by the time the auction date arrives there might only be a small handful if any at all that remain unpaid.

Most banks will pay up the taxes due if the property owner does not, to not lose their claim to the property. Professional real estate angel investors also approach them with multiple options to avoid the auction.

Property are put up for auction due to unpaid taxes

But those that don’t pay up property taxes in time are put up for auction by the municipality.

How to buy a house at tax auction in Montreal Quebec  are time sensitive.The auction takes place at the date, time and location specified in the notice published by the municipality.

Canadian professional real estate angel investors must bring a legal ID – Canadian passport, or drivers license. If Canadian professional real estate angel investors have a representative in Canadian professional real estate angel investors place that person must have a legal power of attorney or mandate to act.

Payment is made by certified check, bank draft or cash at the conclusion of the auction. Verify with the municipality what payment methods are acceptable. Buyers must have certified check, bank draft or cash on hand for an amount higher than or equal to the auction price.

Sale of immovables for non-payment of taxes in Quebec

If a bidder doesn’t have enough to cover the purchase price the property is put back into the pool to be auctioned again right away. The original bidder will also be responsible to pay any difference between their bid and the bid of the new buyer if the new buyer’s bid is lower.

Anyone except for the current owner, any person responsible for managing the property, the municipality clerk or person conducting the sale.

Property are sold ” as is”, “where is”

No the property is sold ” as is”, “where is” without legal warranty.
the original property owner has one year from the date of the auction to pay back all amounts owed, including the auction price, taxes and additional fees as well as paying the current owner 10% interest on his purchase price rounded up to one year, even if paid in advance of one year.

How to buy properties pennies on a dollar in Montreal Quebec

The current property owner and the previous owner can agree to transfer the house legally to the new owner before one year as well.
All existing mortgages are cancelled at the time of the sale.

The new owner is responsible for the legal fees after one year to become the true owner of the property. If there are any legal fees prior to the one year and the old owner wants to buy back his house, the old owner is responsible for them.

As a real estate investor tax auctions can really be a great investment if Canadian professional real estate angel investors are able to obtain the property after the one year. though usually the original owner does pay back the new owner in time. It is quite rare that it ends up not being paid back.

But even if the old owner does obtain it, Canadian professional real estate angel investors are still guaranteed a good, completely safe return on Canadian professional real estate angel investors money at 10% interest, and that’s the worst case.

The best case is Canadian professional real estate angel investors obtain a home for pennies on the dollar in Quebec Canada.

Stop Sucking Your Thumb & Flip a House

Stop Sucking Your Thumb & Flip a House

Stop Sucking Your Thumb & Flip a House

Being a professional real estate investor, we come across all kind of deals. “Stop sucking your thumb and flip a house” is a phrase that every investor should abide by. Analysis paralysis and wasting very profitable time goes on debating. Wondering if others are going to jump on this deal. Loosing focus on your target gives you mediocrity all lifelong in every aspect of your life. Twiddling thumbs and looking at a deal is not going to get you results. You need to take action, make an offer, and help the distressed panic home seller. Remain focused on the deal at hand.

Stop Sucking Your Thumb & Flip a House

As they say about when Jeff Bezos when he was a kid, the founder of Amazon. He was in a Montessori school, and they’d stick him in these little chairs, and he had to rotate around. Bezos was so focused that they couldn’t tap him and get him out of it. He was doing his coloring or whatever, so they had to pick up the chairs and move him around. The lesson here is being extremely focused at the task on hand; there’s a time and season for everything.

Split your time between being extremely focused and questioning, “What do I need to get done today?” Use modern technology to help you destroy the pending list of 30 things, and instead split it into two. In other words, focus on one real estate deal at a time. Keep your list of properties to make an offer less than two.

Stop Sucking Your Thumb & Flip a House

In Hillary Clinton’s book, Hard Choices. If you look at her routine in a day, she makes time from about 9:30 to 9:45 to record four thank-you videos for key people and she gets it off her chest – boom. However, she doesn’t do it all day; she’s carved out time so that she doesn’t interrupt her day. This is how you are going to build last long business relationships. Gratitude will open more door of opportunities for you. Remember in kindergarten they teach you five basic manners, use them to excel at your success in flipping houses.

Don’t suck your thumb & flip a house.

That’s what Warren Buffett says. If you come to him with good information, he makes a decision to buy a deal then or never, so no sucking your thumb syndrome. That’s the same as stick-ability. For all those things, if Warren Buffett the billionaire can make executive decisions very quickly, you come to him, you say, “Here’s how much money this deal is making. Here, how much? Warren Buffett will tell you immediately. He’ll let you know if it’s a, “good deal, or not.”

Stop Sucking Your Thumb & Flip a House

Is that OK that we start following a great advice? Would you think it can excel your real estate investments to lightening speed? Instant decision making is very powerful weapon for wealthy real estate investors. But they always keep the back door open for quick exit if everything does not match the acquisition criteria.

The question most of you will ask about is the risk factor involved in making instant decisions. You are right. How about what you have learned to do your Due Diligence after having a property under contract first. May be you should not waste time if you are assigning (flipping) the contract to another end buyer. Risk is always there no matter what. We all will make mistakes but most of them  will teach you the lesson worth more than the price you have to pay. Don’t suck your thumb and flip a house.

Stop Sucking Your Thumb & Flip a House

He doesn’t say, “Let me think about it for a month.” Obviously, there are some decisions that are very complex that you have to make more time for, but your ability to not let things load up on your brain is going to be directly related to your ability to have impact in life and to live the good life.

Ask any realtor about the common mistake that most home buyers make, “let me think about it” and they will miss the boat again. Now they want the same boat but unfortunately the boat has already sailed off. How many  boats we have all missed? Is it a good idea to learn from one’s own mistakes or another’s? The bottom line is only one factor. Unable to decide will keep you at the bottom of the ladder of success in real estate.

Stop Sucking Your Thumb & Flip a House

This is the secret weapon of very wealthy investors.

Making a decision instead of sucking your thumb all day long and being unable to decide anything in life. Stop Sucking Your Thumb & Flip a House.

Health, wealth, love, and happiness. You can have it all by investing time and energy. No stickability – Hot potato – No sucking your thumb on stuff – Make an executive decision. You are the commander in chief of your life. Move on to the next real estate deal.

Warren Buffett says for every good thing you put in, you got to take something out. You have to make room for it, so when you start in your day-to-day, you start having this high cognitive load because of the stickability factor, you will be less effective. Your brain won’t function as well. You won’t be able to do deep thinking. Keep your brain junk free.

Change your life today. Learn more to earn more by attending LIVE Workshops  in your city from fellow Canadian Real Estate Experts. Put a house under a contract and flip it. No need to think about tomorrow yet. Let’s solve a distressed home owner’s problem, make a fortune and conquer today.

Stop Sucking Your Thumb & Flip a House

March 31st, 2014 Tax Sale properties Medicine Hat – Alberta

Notice is hereby given that under the provisions of the Municipal Government Act, the City of Medicine Hat will offer for sale, by public auction, at City Hall, 580 1 Street SE, in Meeting Room M-1, Main Floor, Medicine Hat, Alberta, on Monday, March 31, 2014, at 9:00 a.m., the following lands:

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Tax sale properties Strathroy-Caradoc – Ontario

Municipal Act, 2001

Sale of Land by Public Tender
The Corporation of the Municipality of Strathroy-Caradoc

Take Notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Thursday, June 30, 2016, at the Municipal Office, 52 Frank Street, Strathroy, ON N7G 2R4.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Municipal Office, 52 Frank Street, Strathroy.

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June 30, 2016 Tax sale properties Norfolk – Ontario

SALE OF LAND BY PUBLIC TENDER
Municipal Act, 2001
THE CORPORATION OF NORFOLK COUNTY

Take Notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Thursday, June 30, 2016, at the Municipal Office, 50 Colborne Street S., Simcoe, ON N3Y 4H3. The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Municipal Office, 50 Colborne Street S., Simcoe.

Continue reading June 30, 2016 Tax sale properties Norfolk – Ontario