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Forums » Wholesaling » Potential Property!

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Tag Tags: potential-wholesale-


Byron Oliver

Real Estate Investor · tampa, Florida


Forum_avatar_avatar-byron813

Icon_minipost Nov 04 '09, 02:47 AM

I was riding through neighbors and noticed a Marshall sign on an abandon house. Could this be a potential wholesale deal? If so, would be the steps I would take to make this happen. Any an all advice is welcome. Thanks everyone!

Edited: 06/26/2010 at 10:23AM


Jeff and Cheray Warner

Real Estate Investor · Grants Pass, Oregon


Forum_avatar_avatar-jwarner805

Icon_minipost Nov 06 '09, 08:54 AM

Originally posted by Byron Oliver
I was riding through neighbors and noticed a Marshall sign on an abandon house. Could this be a potential wholesale deal? If so, would be the steps I would take to make this happen. Any an all advice is welcome. Thanks everyone!

I think your referring to a bandit sign? What did the sign say? Usually you won't see a sign on a potential deal, if you do it's most likely because someone else got there before you did.

Can you give some more details?

Jeff


Edited: 06/26/2010 at 10:25AM


Byron Oliver

Real Estate Investor · tampa, Florida


Forum_avatar_avatar-byron813

Icon_minipost Nov 11 '09, 05:08 AM

Hello Jeff! I had a chance to drive back by the property and it's a US Marshall sign as well as No trespassing. I can only assume that maybe the previous owners got busted for drugs or something. Is this something I could pursue? If so, what steps would you recommend I take?

Edited: 06/26/2010 at 10:28AM


Jeff and Cheray Warner

Real Estate Investor · Grants Pass, Oregon


Forum_avatar_avatar-jwarner805

Icon_minipost Nov 11 '09, 06:01 AM

Originally posted by Byron Oliver
Hello Jeff! I had a chance to drive back by the property and it's a US Marshall sign as well as No trespassing. I can only assume that maybe the previous owners got busted for drugs or something. Is this something I could pursue? If so, what steps would you recommend I take?

Go to your local tax assessor website and see who the owner of the property is. You can then send a letter to them and see if they want to sell.

I would also call the US Marshall and see if they can give you info about what happened...if it was a meth lab I would STAY AWAY, the cost of cleanup will more then likely be too much to deal with. As a matter of fact, I would check with the US Marshall BEFORE sending a letter.

Jeff


Edited: 06/26/2010 at 10:28AM


Byron Oliver

Real Estate Investor · tampa, Florida


Forum_avatar_avatar-byron813

Icon_minipost Nov 11 '09, 08:07 AM

thanks Jeff I appreciate that alot!!!

Edited: 06/26/2010 at 10:29AM


Jeff and Cheray Warner

Real Estate Investor · Grants Pass, Oregon


Forum_avatar_avatar-jwarner805

Icon_minipost Nov 11 '09, 08:31 AM

Originally posted by Byron Oliver
thanks Jeff I appreciate that alot!!!

My pleasure. Post back up here with what you find. Good luck.

Jeff

Edited: 06/26/2010 at 10:29AM


Byron Oliver

Real Estate Investor · tampa, Florida


Forum_avatar_avatar-byron813

Icon_minipost Nov 20 '09, 03:00 AM

I found out why the house has the marshall sign. It was a meth lab and someone was murdered in it as well. Looking at the neighborhood never would have thought but in todays times everything is possible.

Edited: 06/26/2010 at 10:36AM


Jeff and Cheray Warner

Real Estate Investor · Grants Pass, Oregon


Forum_avatar_avatar-jwarner805

Icon_minipost Nov 20 '09, 03:04 AM

Originally posted by Byron Oliver
I found out why the house has the marshall sign. It was a meth lab and someone was murdered in it as well. Looking at the neighborhood never would have thought but in todays times everything is possible.

Meth lab was exactly what I was afraid of. STAY AWAY! Too much $$ to clean up.

Jeff

Edited: 06/26/2010 at 10:36AM


Steve Babiak

Real Estate Investor · Audubon, Pennsylvania


Forum_avatar_avatar-stevebabiak

Icon_minipost Nov 20 '09, 04:51 AM

Here are a couple of BP threads on dealing with property that had meth contamination:

http://www.biggerpockets.com/forums/30/topics/17926-meth-labs-in-trailers

http://www.biggerpockets.com/forums/84/topics/8789-clean-up-help-

Edited: 06/26/2010 at 10:36AM


Jeff and Cheray Warner

Real Estate Investor · Grants Pass, Oregon


Forum_avatar_avatar-jwarner805

Icon_minipost Nov 20 '09, 05:29 AM

Originally posted by Steve Babiak
Here are a couple of BP threads on dealing with property that had meth contamination:

http://www.biggerpockets.com/forums/30/topics/17926-meth-labs-in-trailers

http://www.biggerpockets.com/forums/84/topics/8789-clean-up-help-

Good find Steve.

Jeff

Edited: 06/26/2010 at 10:36AM


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