I am planning to become an investor who buys old houses, rents them out for a year during the time it takes to get permits in the Bay Area and then demolishes it, build a new house and sell it. I recently came across a house that is currently owned by a sex offender. After closure, he wants to rent back for a couple of months. Are there likely to be any complications? Will his name come off the sex offender list once I buy it? Is the rental for one year likely to get affected? Same when I try to sell it in two years?
I bought a house from a bank that had foreclosed on it. The bank had rented it to 2 registered sex offenders. I have owned the house for over a year and if I search the address it will still show up on the iNTERNET as the home of a RSO. When one goes to official government sites, they have their new addresses, but some of the other ones are not updated well.
They did leave the house full of the sickest porn one could imagine....and filthy. It still gets broken into by kids and they leave their kiddie porn...I guess things happened there....
No, but I once met a guy who bought a car that (or so he claimed) had been owned by the notorious killer and cannibal Ed Gein. Forty years later I still remember him. Unless the crime is notorious, you risk forever owning the house from a "Nightmare on Elm Street." Probably not worth it.