Are You Ready For The Upcoming Real Estate Boom?
What? Real estate boom?
Yes, it’s coming. Maybe not tomorrow. Or next year. Or the next 100 years. But everything is cyclical so you know it’s coming.
Yes !real estate investors find bargains during the buyers market.There is always a boom in real estate.
Then you must attend upcoming Canadian Real Estate Investment apprenticeship
Being a sophisticated professional real Estate Investor it is must that you have in-depth knowledge, tips and tricks and practical strategies to give you edge against any body and everybody. You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls. You do not want to end up buying a lemon. Greed and fear will make you jump through the hoopla. Continue reading
There are all types of Canadian Real Estate property investments in this day and age.In Real Estate there are several ways to invest in properties. Risks are part and parcel of property investments.
Four properties sold for tax arrears by City of Windsor on 23rdof July,2014.Professional real estate investors are flying in from across the Canada to buy the deals from Windsor-Ontario. Four properties get sold off after The Canadian property owners neglected to pay their municipal property taxes to the city of Windsor-Ontario.
Legal Description Address of Property
1061AE 26 25, 26 10130 – 105 Avenue
2032BQ 2 14 10425 – 102 Avenue
2839KS 18 16 9307 – 107 Avenue
3546KS 3 14 9802 – 95 Street
3634KS 10 46, 47 9813 – 111 Avenue
6966KS 5 3 10420 – 110 Avenue
5780MC 14 54 8618 – 99 Street
6041RS 10 40 9518 – 87 Avenue
3478TR 6 16 9837 Prairie Road
7521146 10 3 9645 – 77 Avenue
7622144 17 139 9414 – 78 Avenue
7823145 1 29 11918 – 98 Street
8923057 5 40 9135 – 105 Avenue
9421552 13 29 7822 Michaelis Blvd
9423773 15 22 10620 – 78 Avenue
9822216 4 11 6225 – 90 Street
9824455 3 16 10501 – 119 Avenue
0124876 9 113 11010 – 88A Street
0323781 59 55 9820 – 67 Avenue
0324691 6 45 13002 – 93 Street
0420906 10 5 17 Pinnacle Close
0420906 11 12 50 Pinnacle Crossing
0521784 12 40 12918 – 89A Street
0523796 11 60 8701 – 65 Avenue
0622699 2 33 7009 – 89 Street
0720778 2 76 8829 – 71 Avenue
0721709 8 23 11489 – 69 Avenue
0722113 2 51 10342 – 123 Avenue
0724434 85 302 9229 Lakeland Drive
0227569 102 329 10150 – 121 Avenue
0227569 111 344 10150 – 121 Avenue
0828220 88 421 9120 – 96 Avenue
Each parcel of land will be offered for sale subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.
The City of Grande Prairie may, after the public auction, become the owner of any parcel of land that is not sold at the public auction.
Terms: Cash
Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.
Dated at Grande Prairie, Alberta, September 4, 2015.
Scott Smith, Assessment & Tax Manager.
DISCLAIMER
We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.
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P.S. Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful. If you don’t know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more about Canadian Tax sale properties.
To learn the strategies, techniques and Eye Witness Real Estate Investors Field Training. How to acquire Tax Sale Properties & Sheriff Sale Properties, Click Here
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Many provinces in Canada levy property tax on Real Estate based upon the current use and value of the land and this is the major source of revenue for most municipal governments in Canada. While property tax levels vary between municipalities in a province there is usually common property assessment or valuation criteria laid out in provincial legislation. The municipality has the right to collect property taxes owing even if they have to sell the property to recuperate the property taxes owing. These properties are never listed on MLS or Real Estate Brokers. This is another secret of super wealthy Professional Canadian Real Estate Investors and or Apprentices to acquiring Tax Sale properties in Canada.
The secret of super wealthy Canadian Professional Real Estate Investors and or Apprentices have used this secret to build huge wealth. The city or municipalities are not required to sell these properties at market value, instead they sell them for the amount of taxes owing. This way the Professional Real Estate Investors can buy a property for 10 cents a dollar. The key is to learn the act, law and the process to find and finance them and than make a great fortune.
Simply put, tax sales are public auctions where properties are sold to the highest bidder. Throughout the year, cities, towns, villages, townships and municipalities, in each province, compile a list of properties against which taxes have been outstanding for at least two consecutive years. After this two year period, the municipal treasurer prepares a tax arrears certificate and registers it against the property in question.
This certificate gives an accurate description of the property and indicates that the land will be sold by public sale if all taxes are not paid to the municipality within one year of the registration of the certificate.
In spite of the municipality’s efforts to collect these taxes, they often go unpaid and the properties are put up for auction, allowing the public and the super wealthy Canadian Professional Real Estate Investors and or Apprentices the opportunity to purchase these properties and this is how you get real bargains. Property can be bought for as low as 10 cents on a dollar.
Professional Canadian Real Estate Investors and or Apprentices can buy property “free and clear” at a tax defaulted deed auction. These taxing agencies sell property to the highest bidder in an effort to recover the original taxes and costs due.
There are many reasons why properties are sold for non-payment of taxes. Some of the most common ones are financial difficulties, law suits, ignorance, death of an owner (with no apparent will or heir), owner living abroad and not realizing his/her obligations, owner moved and cannot be traced, disputes of ownership with no party resorting to the courts for settlement, etc….
Proper education and training makes all the difference! By becoming an Apprentice of World Wealth Builders and a member of the Professional Canadian Real Estate Investors and or Apprentices website, you will have access to:
The Property Tax Sale advertisements are gathered directly from many different sources including the websites of the city and the provincial courts.
They can include vacant lands (such as bush lots and timberland), improved lands (such as farms, cottages and houses), commercial or industrial properties, and occasionally islands. They vary from small lots to large parcels, with hundreds of acres.
First you have to learn the proper law, act and its implementation including the exemptions. Proper education, training and knowledge in order to obtain where, when and how to do it is mandatory unless otherwise you want to buy a lemon….
There are two ways in which tax authorities sell properties: either by public auction or public tender, with sealed/closed bids.
This format is similar to other auction formats. An auctioneer accepts bids from several bidders and then recognizes the highest bidder as the winner. The place, date, and time of the auction will be clearly defined by the municipality and can be found in the auction advertisement on our website.
If you are the highest bidder, you will be required to pay the amount that was bid and any applicable land transfer tax to the auctioneer by money order, bank draft or certified check.
If you wish to submit a tender, you can ordinarily obtain a tender form the municipal office, which will be identified in the sale advertisement on our website. Your submitted tender should be accompanied by a deposit, usually 20 percent (but specified by the sale advertisement) of the tender amount, in the form of a money order, bank draft or certified check.
Your tender form, along with the deposit, should be enclosed in a sealed envelope, which is labeled as “tax sale for” and a short description or municipal address of the property to indicate which property the tender is for. Then, enclose that envelope in a second envelope, addressed to the treasurer of the municipality, as indicated in the sale advertisement and on our website.
The above article provides general commentary of an educational nature. It does not constitute advice for any specific person or any specific set of circumstances. Because circumstances vary, readers should consult professional advisers in order to obtain advice that is applicable to their specific circumstances.
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