Any luck with University owned houses?

6 Replies

On a recent driving for dollars I came across a small stretch of properties (SFH) that were owned by a University that was right down the street. Out of 4 houses on this street only one was not owned by the University, and it was the only one that wasn't abandoned and in complete disrepair. Has anyone had any luck with buying such houses before? The University has owned these properties since the 50s.

This seems like it might be a good deal for a land contract or master lease option. Make some calls and see if you can get in front of the decision maker.

@Brandon Hicks  Will do! Any suggestions on who to start off calling? I haven't the slightest clue on who the decision maker will be on a University owned property. 

No idea. Just call the main line and tell them what you know so far. They should have some suggestions.

Be prepared for dealing with the beaurocracy of a university system.

Maybe someone high up the chain in the office of student (or faculty) housing will be able to point you in the right direction.

@Micah Copeland  Don't get discouraged if you don't get too far on the phone since what you want is probably "out of the box" thinking for the people you might talk to. Once you get pointed in the right direction, make an appointment to see a decision maker. Better yet, just drop by during regular business hours when they won't be too busy. It will probably take some work to get to the right person and even then they might not be too enthusiastic to help you. Most likely the decision maker is just concerned with their own job and won't have any financial interest in houses that are sitting abandoned and unused.Try to figure out how selling the properties to you will help the decision maker and focus on those reasons. Good luck!

http://www.accurint.com/ They provide details of the seller and lot more details of public records owned by lexis nexis an extremely reputed comapny

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