I smell a deal......

Have you ever been driving through your neighborhood or whatever general area that you have chosen to work in and caught a whiff of a deal in the air?

It's like....you're driving along with your head on a swivel, trying to see everything at once so you dont miss that one special FSBO sign that you've been dreaming of, and all of a sudden, its there, like the smell of roses in summertime, like the fresh scent in the air after a spring rain..........

oh wait.......! It's not roses, or a spring breeze, it's the stench of the garbage that is overflowing out of the front door of the "hot lead" that you've just pulled up in front of.

It's the rotting fragrance of a home that has been abandoned for years that just happens to sit on a still solid foundation, with all walls and roof intact.

In short, it's the smell of a steal.........the smell of a DEAL!

We at TKHomes are very fortunate to be operating in a town that has just such properties in abundance. These are properties that have been deeded to heirs over the course of many years and in some cases have been completely forgotten and totally abandoned.

The best part is that they are located in areas where there is still plenty of viable housing, both rental and single family residences.

The problem, of course, is tracking the owners down. In some cases they are deceased without heirs, in which case the intrepid investor is in for a special ride called "dealing with the state", a true nightmare of paperwork and more paperwork which could easily result in a loss of the property to someone else.

After all of your hard work!

In other instances, there are multiple heirs involved and after our steadfast investor has gotten everyone else to sign off on the deal, cousin Fleebus comes out of the woodwork and announces his opinion that the property is worth "a damn site more than that"! And so negotiation must begin all over again.

These deals are relatively small in terms of profit margins, and many people wouldnt even consider doing them, but I figure, if it makes more than ten grand, I'll do it, despite the beating that it sometimes requires.

Of course, you might ask me about it a few years from now, and I might have a different opinion! The Lord willing......I sure hope so!