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Updated over 5 years ago on . Most recent reply

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Crystal Sutton
  • Rental Property Investor
  • Atlanta, GA
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Need assistance on JV so I don’t get backed doored

Crystal Sutton
  • Rental Property Investor
  • Atlanta, GA
Posted

I found these two properties, both of them are in terrible condition. Non livable. A homeless guy showed me the properties hidden a wooded area,l. I couldn't find addresses, but I found them on a Google Map. I want to know the proper way to JV so I don't get screwed. I found the owners name and new address through the App LandGlide but no phone number. Is direct mail my only option?

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,407
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28,237
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

First off, didn't your mother teach you not to follow homeless men into the woods? This sounds like the great beginning of a real bad story!

I would have to wonder if this is even a good location for a home since it appears to be a homeless hangout. Doesn't sound like a great location. Even if it is a good location, what's the value of the land for you? If a normal lot sells for $50,000 and you can pick this one  up for $20,000, would that be good enough to make you jump?

If you're determined to pursue, hire someone to perform a skip trace and track down the owner. Or just use direct mail marketing.

  • Nathan Gesner
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