I found a few connecting properties (3) on an official government tax collector auction.
I can’t really decided there value.
Honestly I’ve seen similar properties sell for $0-$7000.
I am told these tax auction usually have higher than standing base bids though.
Any advice on how much I should bid and where I could locate enough information?
Location is 1 hour drive outside Tokyo, so it’s not really far enough to be $0 but also it’s in poor shape and abandoned for awhile now.
Its a closed auction.
I value the property at about $300 a month. So I was thinking to just calculate a 3 year return and start there. There is a rental contract that comes with one of the properties already.
by cowrevengeJP