auction properties? positive cash-flow on invested property?

Q: Any idea about auction properties? and how to go about it, how to get positive cash-flow on invested property?

naveed dafedar, Bangalore

22nd May 2013

Investment Advice in Mumbai

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Replies (4)

i tried for 2 property. 1 week just before auction the auction was called off.
time and money spend is in vain.
now i am going 4 open market.
one time atleast u may try.

mukesh,

25th June 2013

Comment

Banks and housing finance institutions issues a public notice regarding the sale of properties on auction in regional and English newspapers. You should keep a track of it. In the Advertisement itself you will find the date, venue and how to proceed for the Auction.

You might have to pay some money as a deposit to participate in the auction. Check all the details in the advertisement

Rakshit, Mumbai

27th May 2013

Comment

How to know which property is out for Auction and when?

Lalit Verma, Mumbai

27th May 2013

Comment

If you are planning to buy a property through auction, you will have to be very cautious. Few points to check out before deciding to bid
1) Check the property documents and engage a lawyer
2) Do the market analysis to decide the market value of the property, this will help you to strike a good deal.
3) Do a basis inspection of the property, as you will have to bear the expenses like the repair, renovation, unpaid property taxes, statutory liabilities and electricity dues along with the stamp duty and registration charges.

This is my advice to you :) happy buying

Rakshit, Mumbai

27th May 2013

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