Hi Guys,
I've heard of people buying houses/townhouses/units through Administrators / Liquidators / Insolvency companies. The situation usually entails a developer going broke and a liquidation company being appointed to sell the stock quickly and from my understanding the properties are usually sold in bulk at say a. 5%, 10%, 20% discount from original price. For example you may need to buy 3,4,5 10, 20, 30 at one time to get a large discount.
The questions is, where are these Liquidation / Insolvency companies? How do you access these deals? Thought it would be cool to get a few mates / people together to do a bulk buy and get access to these discounts.
Any help is much appreciated?
Cheers
Ryz
I've heard of people buying houses/townhouses/units through Administrators / Liquidators / Insolvency companies. The situation usually entails a developer going broke and a liquidation company being appointed to sell the stock quickly and from my understanding the properties are usually sold in bulk at say a. 5%, 10%, 20% discount from original price. For example you may need to buy 3,4,5 10, 20, 30 at one time to get a large discount.
The questions is, where are these Liquidation / Insolvency companies? How do you access these deals? Thought it would be cool to get a few mates / people together to do a bulk buy and get access to these discounts.
Any help is much appreciated?
Cheers
Ryz
