Driving For Dollars House Question (Picture)

[Samantha M.]

I drove across this property today. It was clearly distressed and vacant. However when I looked up the property in the tax roles I notice the deed date was from 2005, which may be a problem. This is an absentee- owner. My thought is since its an absentee owner, and it may had been an investor, even though the deed date is more recent they could have settled the transaction in cash if they were an investor.

Typically when looking for wholesale type properties I try to get at least 15 years + on the deed date (That would be 1997 minimum). Could there be possible deal in this property? Should I bother mailing them even if the deed date is from 2005?

Thanks

[Ibrahim Hughes]

While the deed date may be an indication as to whether or not there's equity here, there's no certainty until you check the purchase price. Don't make assumptions. It could have been inherited by the current owner for $1. Or maybe a family member gave her the property before she passed away. A number of possibilities could exists here. In this business you confirm everything and resist making too many assumptions.