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Updated about 3 years ago on . Most recent reply

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271
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Stephen Moore
  • Real Estate Investor
  • Lake Charles, LA
52
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271
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condemned /fire damaged properties

Stephen Moore
  • Real Estate Investor
  • Lake Charles, LA
Posted

is there such a thing has having a list of either condemned or fire damaged properties?if so where would i look to get it from

Most Popular Reply

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509
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Jeff Warner
  • Real Estate Investor
  • North Central Arkansas
178
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509
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Jeff Warner
  • Real Estate Investor
  • North Central Arkansas
Replied

I would stay away from fire damaged but treat the condemned properties on a case by case basis. Just because a property is condemned does not mean it is a junker. I have 2 examples of recent homes that I have talked with the owner on one (and inspected the property with my contractor) and the other one I called Building & Safety and actually talked with the guy who posted the sign.

With the one I inspected, the owner had tenants that did not pay for 9 months and the Sheriff recommended that they have the property "Condemned" then the Sheriff can force them out, otherwise they would have to go through the motions of the court (which are in the tenants favor in OR).

The other one that I talked with Building & Safety about was "Condemned" because there was a homeless person living in the home (with the owners permission) without electricity or trash pick-up...as you can imagine the trash piled up and as far as safety they had candles for light which was not safe so they "Condemned" the home basically for the same reason, eviction.

Bottom line is you need to do your due diligence. The fact that these are "Condemned" properties you may be the only one actually taking a look at them.

Jeff

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