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Tayler LaChapelle
  • Bloomington, MN
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Need help with next step after driving for dollars!

Tayler LaChapelle
  • Bloomington, MN
Posted Sep 21 2016, 10:35

I found a nice beat up property driving for dollars today. I haven't done anything but still exciting to take a first step and actually find a property! 

What I did do after I wrote down the address is look up the property's info on my county's website. Even though the house looks completely abandoned, it is owner occupied. It looks like they bought the property in 1986 for $58,500 on a warranty deed. If anyone knows what a warranty deed is let me know!

I haven't run my own numbers on the property but looking at the county's website it says the home's estimated market value is $135,700. Of course, you should always run your own numbers no matter what but my question to you is what do I do next? Do I mail them even though the property looks abandoned? How can I obtain this property? 

Let me know! Thanks so much guys!

P.S. 

I am willing to partner on this deal. 

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