The HOA mowed the lawn and cost me $25,000

The HOA mowed the lawn and cost me $25,000

Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes

Two weeks prior to auction, this house looked like a wreck from the street. The grass hadn't been mowed in a year and trash was piled up from the driveway to the front door. Five days before the auction the HOA came in and cleaned up the trash and mowed the jungle. The only person bidding against me didn't drive by the property until two days before the auction so he saw it in its new sparkly shiny improved condition. Had the HOA not worked their magic, he likely would have considered the property vacant and perhaps peeked in the window to see this....

My guess is that he wouldn't have been very excited to bid and I could have bought it at opening bid... Damn HOA!!!

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Mike CumbieBusiness Member
REALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
9y

If you find a White, Mens sock (Hanes) size 6-12 with the grey heal and toe I have a match here! If you could send it over that would be great!

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  • Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes
    9y

    Photos taken through windows - I haven't accessed the house yet - not looking forward to the smell

  • Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes
    9y

    The thing I appreciate most about this photo is that the previous owner was very conscientious about always putting the toilet paper on the toilet paper holder – he's not the type of guy to leave a toilet paper roll sitting on the vanity top

  • Mike CumbieBusiness Member
    REALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
    9y

    If you find a White, Mens sock (Hanes) size 6-12 with the grey heal and toe I have a match here! If you could send it over that would be great!

  • Investor · Lancaster, PA · Member since 2016 · 48 posts · 28 votes
    9y

    Looks like a good one! How does the HOA feel about having a roll off dumpster in the driveway?

  • Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes
    9y

    @Brendan R.

    We will find out shortly - at least two 40 yard dumpsters - The garage is stacked about 6 feet high

  • Rental Property Investor · WY · Member since 2016 · 243 posts · 221 votes
    9y

    Question from a n00b: Do you do some/all of that removal, hire a junk removal company or do you get some high school kids off craigslist?

  • Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes
    9y

    @Jeff F.

    I will have my hands in the pile - and I plan to force my son to participate- along with at least one of his friends.  I did get a bid from a franchise junk removal company - $5,500 - Nope!

    There appear to be some mid-century treasures underneath some of the piles - so we definitely do not want to leave it to a crew.

    I'm guessing not all of the "treasures" we find will be valuable - especially around the hoarder toilet

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    this is money normally... in auction setting though you can have what happened to you.. and have someone over bid because they did not peek inside.

    we close 2 EXTREME hoarder houses this year.. both though are tear downs and new construction will go in.. I have been in many a home as bad as your pics but these last two stunk so bad I simply could not go in without a bunny suit... and we wont' clean them just bulldoze them will all the garbage and treasures in them.. we still have to test for asbestos  those poor guys  LOL

    one of the houses the old owner dismantled a chevy took it into the basement and put it back together so there is a fully assembled chevy in the basement I will need a crane to lift it out..

    Now that is a first...

    good luck with it.... but like I said these are usually money..

  • Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes
    9y

    @Jay Hinrichs

    Thanks for the comment.... Yeah, we paid more than we wanted, but there will still be a nice chunk of equity-even without buried bars of gold- 

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    I love hoarder houses I really do... never done one that I did not make a terrific return on.

    and the one's I have bought in Oregon each have 3 lots underneath them that are worth 150 to 300k each.. LOL... most of the wholesaler flippers in our areas are just not up to speed on the lot sides of things and they just look at junk house and pass.. WE then get EXTREME equity

  • Rental Property Investor · Davenport, FL · Member since 2016 · 593 posts · 382 votes
    9y

    I've always hated HOAs. I understand the premise behind them but pain when it comes to making a profit. 

  • Investor · Saint Charles, MO · Member since 2016 · 118 posts · 91 votes
    9y
    Originally posted by @Jay Hinrichs:

    I love hoarder houses I really do... never done one that I did not make a terrific return on.

    and the one's I have bought in Oregon each have 3 lots underneath them that are worth 150 to 300k each.. LOL... most of the wholesaler flippers in our areas are just not up to speed on the lot sides of things and they just look at junk house and pass.. WE then get EXTREME equity

    When you says "have 3 lots underneath them" - do you mean 3 lots of land that go with the house?

  • Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes
    9y

    @Kristopher Hanks

    Even worse- the HOA pulled a shady move - at 4:45 the afternoon before the auction they file their lien - no way to see the lien before the sale, but stuck with it anyway

  • Investor · Denver, CO · Member since 2016 · 736 posts · 582 votes
    9y

    One man's trash is another man's treasure.  I used to have an "antique" business - the reason I'm not in the "antique" business is because stuff like that ended up in the booth next to mine.  They made money....I didn't.  These days, we have eBay - no need for rent at an antique booth (but you have to understand photography so you can make the stuff look good online).

  • Rental Property Investor · Davenport, FL · Member since 2016 · 593 posts · 382 votes
    9y

    Nooooo! What a bunch of "you know whats"!

  • Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes
    9y
    Originally posted by @Jeff Wallace:

    @Jeff F.

    I will have my hands in the pile - and I plan to force my son to participate- along with at least one of his friends.  I did get a bid from a franchise junk removal company - $5,500 - Nope!

    There appear to be some mid-century treasures underneath some of the piles - so we definitely do not want to leave it to a crew.

    I'm guessing not all of the "treasures" we find will be valuable - especially around the hoarder toilet

    Be aware of what that $5,500 buys you. I'm sure you understand that the rubbish is neither clean nor sanitary. You could be exposing yourself to anything from drug-resistant disease microbes - including, possibly, "flesh eating" bacteria - to black mold to potentially lethal allergens.

    Is your health worth so little to you? 

    Be sure everyone entering and handling that mess wears some appropriate safety gear - breathing masks, at the very least, head covering, eye protection, good strong gloves resistant to penetration and disposable outer wear which is discarded at least daily, or as needed when heavy soils are encountered.

    Consider going hazmat compliant.

  • Rental Property Investor · Rockford, IL · Member since 2014 · 4k+ posts · 2k+ votes
    9y
    Originally posted by @Account Closed:

    @Jeff Wallace Why would you buy in HOA?

    The deals are where the deals are - we don't get to pick and choose. 

  • Rental Property Investor · The Woodlands, TX · Member since 2014 · 345 posts · 288 votes
    9y

    @Account Closed

    Thank you so much for the advice!!  And to think, I was planning on wearing flip-flops in Bermuda shorts - but don't question how much I value my own health – I was absolutely going to wear sunscreen

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