Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    

Investing In Real Estate - Can You Really Buy a Home With No Money Down?

Source: Courtney Park - United States

If you've got an entrepreneurial spirit, have some time and extra cash, why not think about investing in real estate as you've got the potential to earn hundreds of thousands, if not millions of dollars a year simply by turning "flipping" homes over.

This is particularly true these days, which is still very much a reality in this country even amidst all the talk about the real estate bubble.

Investing in real estate has become a booming business for people of all backgrounds and start-up capital. Why? Because being a real estate investor is not only easy, but it's rewarding to see your hard work pay off so quickly when you make a sale with little or no money down.

Just on September 30th, there was a special segment on ABC News, 20/20 about the latest real estate boom in America. Real estate boom really has people flipping for Miami and all around the country, particularly in cities like Chicago, Boston, New York and LA. Click here to read more on ABCNews.com

Some Important Tips In Getting The Most Out Of Your Real Estate Investment Opportunity

* If you're low on capital money to invest in real estate, form a partnership with friends, family or colleagues. File a business name with the State Corporation Commission and register with your local city to become a legitimate tax-paying entity. Once the group of you is able to pull funds together, put them into a bank account under your business name. You can then approach the bank for a bank loan for your business, increasing your chances of getting funding.

Creating a legitimate business not only can act as a liability shelter for you, should your venture prove to be non-profitable, but it helps to create a friendly working relationship with your new colleagues into which everyone gets equal return on their own financial contributions.

* If you have capital to spend, invest in a tax lien. A tax lien is, essentially, purchasing someone's foreclosed home, which the government retains control over until taxes are paid. As a real estate investor, you will most likely receive a substantial return on your money invested in a tax lien because most homes that have been seized by delinquent tax payers are eventually turned over to the individual or entity that has purchased the tax lien.

To find out about tax liens in your area, contact your local government for a list of tax lien sales and foreclosed homes. Many states also have tax lien sale information available online through subscription-based companies or through government auction houses.

* You don't have to go for a killing your first year of being a real estate investor. In fact, most people start small. Begin by using the available money that you have to make a down payment on a modest home in an up-and-coming area. Many people purchase homes that are "fixer-uppers" and they get started by doing all of the work on their own.

When the economy is booming, as it has been for the past decade, then you can fix your home up and turn it around in a relatively short amount of time for a moderate profit. You can avoid paying capitol gains taxes on the cost of renovations and improvement, so keep all receipts for work done.

If after your first purchase, you find that you are indeed serious about investing the time and money into becoming a real estate investor, then use the money from the sale of that first house into purchasing another home. From the time of the sale, you have 180 days to invest the money into a new home before you will have to pay capitol gains taxes in what's known as Exchange 1031 Tax Deferred Benefits on the money you gained from the sale.

There are many resources and lending agencies prepared to help individuals interested in establishing a career as a real estate investor, Furthermore, many cities incentive the revitalization of older neighborhoods by catering to the convenience of real estate investors. After all, everyone enjoys seeing property bought and sold quickly within a community, for it signifies the health of the area. Call your local government to find out if there are specific tax advantages in place to help real estate investors and home-based businesses alike to maximize the return on their money.

About the Author

Copyright Courtney Park, All Rights Reserved.

About the Author: Courtney is owner of http://www.home-business-web.com For more information on home-based business ideas, including how to profit from Tax Liens, check out http://www.home-business-web.com/part-time-business-ideas.html and http://www.home-business-web.com/tax-lien-certificate.html

Next: Acquiring Properties in Foreclosure and Pre-Foreclosure

Previous: Save Big Time Buying A Foreclosure

Add to Informational Site Network

Tax Sale Property Listings

Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *

Latest Discussion Posts

>> Is this the Never Ending Tax Sale? by Dave2
>> Re: Dysart et al - large waterfront by RyanMckenzie
>> Re: Dysart et al - large waterfront by bee
>> Dysart et al - large waterfront by Dave2
>> Re: Tiny, possible contaminated soil lot across landfill by Jack
>> Re: Tiny, possible contaminated soil lot across landfill by Slick_Willy
>> Re: Haldimand Results Please by RyanMckenzie
>> Re: Haldimand Results Please by Jack
>> Re: Re: Haldimand Results Please by RyanMckenzie
>> Re: Haldimand Results Please by Jack
>> Re: Haldimand Results Please by Pfm1011
>> Re: chatham-kent by Jack
>> chatham-kent by RyanMckenzie
>> Re: Haldimand Results Please by matt
>> Re: Haldimand Results Please by Pfm1011
>> Re: Re: Haldimand Results Please by Pfm1011
>> Re: Haldimand Results Please by Pfm1011
>> Haldimand Results Please by Pfm1011
>> Re: I wish I could buy properties like this at tax sale by Dave2
>> Re: I wish I could buy properties like this at tax sale by Jack
>> I wish I could buy properties like this at tax sale by Dave2
>> Re: how do tax sales work in nb canada by rob
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> how do tax sales work in nb canada by rachel

Visit the tax sale properties discussion boards


>> Ottawa Public Tender by City of Ottawa
>> Foreclosed property! In Real estate by Alex Tonel
>> Get Ready to Shop for Foreclosures by Jason Murphy
>> Common Reasons People Go Into Foreclosure by Lucy Landley
>> Start Building Wealth With Foreclosed Real Estate by Kimberly Read
>> Foreclosure Homes - Buying Foreclosed Real Estate by Carrie Reeder
>> Tax Lien Certificates and Tax Deeds - Protecting Your Investment by Joanne Musa
>> Georgia Foreclosure Listings - A Delightful Housing Option by Will Grant
>> An Industry Of Real Estate Foreclosures - It's Not What You Think by William Teleo
>> Buying A Foreclosure Home - Using Services Online To Find Lists Of Foreclosed Homes by Carrie Reeder

View more tax sale property articles


Tax Sale Property Books

Tax Sale Property Links

Follow @taxsalesont

Privacy Policy