Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

36
Posts
13
Votes
Justin Kroepfl
  • Lender
  • Denver, CO
13
Votes |
36
Posts

I have a question regarding abandoned properties.

Justin Kroepfl
  • Lender
  • Denver, CO
Posted

I recently read a story in our local newspaper discussing the over 1,000 abandoned properties currently in the area. It appears these properties have become quite the nuisance for homeowners in these neighborhoods and the are costing the city and taxpayers thousands of dollars. Part of my mission in real estate investing has always been to improve communities by upgrading the homes and therefore lifestyle of the residents. I see these abandoned homes as an amazing opportunity to 1) improve these communities for the families that live in them and 2) build a nice portfolio of either rentals or fix n flip investments. My question is how do I go about finding any information on these abandoned homes and subsequently making a purchase? Do I go through the city or do banks typically still hold these as REOs? Mostly I am just looking for the starting point. Thank you all for any info you can provide me!!    

Loading replies...