I've been trying to get some lists of houses with code violations in my city. I was able to get a response from the city asking which type of code violations I was looking for so they can generate a report.
Any suggestions on what to ask for? I've looked around the forums and couldn't find much about different kinds of violations. I know some will be more costly to fix others. Any help would be appreciated!
Overgrown vegetation, Open & Vacant Structure, Trash/Debris
Hope this helps!
@Theo Jones Thanks for the tips!!
@Manolo D. You aren't worried about buying a property with a bad foundation? I'm sure you can get it cheaper, but does it ever backfire on you?
No, because one of my superintendent/employee foreman worked for a foundation repair specialist, it's a niche market. Everyone is scared of foundation problems, they should be, IF they don't know what they are doing. I like them because it's a large margin trade, not much competition, if I was an investor, I could offer a lot lower than a regular buy and hide my profit under the rehab cost. Let's say a foundation repair quotes at 15k, i could do it in 5-7k, that's an instant savings on my side under the repair costs. Even if you are just an investor, it means you have less offers to compete with.
Join the Largest Real Estate Investing Community
Basic membership is free, forever.