I have been thinking of just the same thing but only in southern Wisconsin. I like Michigan but at this time it's in the opposite direction of where I plan on spending my retirement.
I have been thinking of just the same thing but only in southern Wisconsin. I like Michigan but at this time it's in the opposite direction of where I plan on spending my retirement.
IANAL, but you might ask one, or at least the town zoning officer (if such a thing exists) if it makes sense to file building plans NOW. Put some form of plan down on what you want to build, and file it. If restrictions come up down the road, you may be grandfathered-in by having "plans on file" (no one has to know that those aren't your real intentions). When the time comes to actually build on the property, you can either abandon those plans if no restrictions have come up, or simply file "modifications" to the plans that are already grandfathered in...
sachilles wrote: Find a few towns you like and get on their mailing list for when they have tax sales. Lots of land to be had for cheap. Hit or miss on quality.
Dude this is the age of the internet. Go to the county tax collectors website now, I do this on a daily basis for work looking at tax records. They usually will have current tax certificates that are available, as well as upcoming tax sales. Here in FL if you can get your hands on a couple of years worth of tax certificates, you can start the foreclosure process. Just sayin...
peter wrote: IANAL, but you might ask one, or at least the town zoning officer (if such a thing exists) if it makes sense to file building plans NOW. Put some form of plan down on what you want to build, and file it. If restrictions come up down the road, you may be grandfathered-in by having "plans on file" (no one has to know that those aren't your real intentions). When the time comes to actually build on the property, you can either abandon those plans if no restrictions have come up, or simply file "modifications" to the plans that are already grandfathered in...
I'd agree with this. It's not a guarantee by any means, but it can work for you. About the worse that can happen is the authorities will vacate the plans due to lack of activity, and you'll be out the money spent on the filing of those plans.
Spinout007 wrote: Dude this is the age of the internet. Go to the county tax collectors website now, I do this on a daily basis for work looking at tax records. They usually will have current tax certificates that are available, as well as upcoming tax sales. Here in FL if you can get your hands on a couple of years worth of tax certificates, you can start the foreclosure process. Just sayin...
Could you say more?
Tax sales seem to differ state by state, county by county. I was looking at some tax sale properties around Ocala, FL and Chattanooga, TN but have got no money so wasn't that serious.
The problem here with tax sales is the owner has one year to pay the taxes plus interest (to you) and they get the property back.
My questions is, how do you know if the property has liens or a mortgage against it without doing a title search? Is that supposed to be disclosed?
FYI, a lady who used to own a small chain of nursing homes sold out and started buying tax sale property just by the tax number. She ended up buying a parcel that was associated with a federal Superfund site.
You'll need to log in to post.
