Abandoned homes, contacting homeowners & contracting the deal.

[DaVon Brooks]

I found a property that seems to be an awesome deal, but I think it's abandoned; it's in an area that I visit a lot and I haven't seen anybody enter or leave the property in months. I even knocked on the door for about 10 minutes on a whim, hoping to confirm our disprove my thoughts. 

How would I go about contracting the property? 

[Rick H.]

I've posted on this exact topic no less than 200 times. The methodology never changes.

You need to determine if it's worth chasing. You are either trying to buy equity or cash flow at a discount. Keep that in mind.

Here is your research format: PETIO

Property - determine as-is and ARV (after repaired value)

Equity - research recorded mortgages (and liens) to estimate debt

Title - research chain of title to determine record owner and if living or deceased.

Interest(s) - If your record owner is deceased, these would be their legal heirs

Opportunities - These are the various ways that you might extract all profits.