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Updated about 5 years ago on . Most recent reply

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Accessing "Lists" In Canada - BC specifically

Posted

Hi everyone, this is my very first post as a member here, but I've been soaking up all the BiggerPockets info I can get from Youtube videos for a while now. I'm 100% noob and just learning the ropes before I buy my 1st investment property hopefully later this year.

I'm watching a video right now that describes real estate lists that U.S investors use to help them find motivated sellers. I'm looking to find Absentee Owner and Pre-Foreclosure lists, since I am sure I can find Tax Delinquent and Probate lists at City Hall and the Courthouse, respectively.

Does anyone have tried and true websites in Canada that they use to find pre-foreclosures and absentee owners?

Thanks for any insight you might have.

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Huong Luu
  • Specialist
  • Vancouver, BC
145
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315
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Huong Luu
  • Specialist
  • Vancouver, BC
Replied

Doing the foreclosure and tax arrears strategy is a hard 1. I have been doing that in Ontario and Alberta for a few years. So no experience in BC. However the advice I would give you is get your hands on the legal procedure for foreclosure and tax arrears in BC and read through that. Get an understanding of it, as it differs from Province to Province. Understand the deposit, paperwork requirements, responsibility of existing leans, inspection limitations, etc. If possible attend a few tax auctions and get a good feel for it as they happen in 5 mins. Each city/ municipality might have their own site with this info as well. Good luck.  

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