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Updated over 6 years ago on . Most recent reply

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Billy Smith
  • Shawnee Mission, KS
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Looking to buy a hoarder house in a class A area .

Billy Smith
  • Shawnee Mission, KS
Posted

Just looked at a hoarder house, owners are unable to catch up on the note in a class A neighborhood.

Partner’s wife walked out the stink was too much.

Now we just run numbers, pay off note give them a few grand to get to different location.

Never seen a hoarder house like this, I see dollars but still wonder if it is wise?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

that is the smell of money. .. you just have to buy it very cheap.. 

many times you have to take the house to the studs and rebuild to get the stink out.

although I bought 5 last year and bulldozed all of them.. those are prime target for mc mansion infill rebuilds.

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JLH Capital Partners

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