All Forum Posts by: Colin Spivey

@John Teachout

The only thing I have been able to find on the property history is that it sold in 1991. I will pay attention to the metal theft next time I look in the property. Thanks

@Frank Geiger

Thanks for your advice

@Amy A.

Yes I will be purchasing it in cash. I have a private money lender that will be lending me the cash in order to BRRRR the property. From the people I have talked to about the owner, it was said that they care more about the land it is sitting on rather than the house itself. Thusly, I am going to contact the owner and find out if they would be willing to section of a small piece of the land that the house is sitting on. But the title could possibly be tied up in court. Thanks for the advice

@Scott Rauch

Thank you for your advice

@Aaron K.

Good point. It’s not listed for sale so I don’t want to come to the seller being pushy about turning the water and electricity on if they aren’t even looking to sell, but you do make a good point. Thank you

I am looking at an abandoned property to BRRRR. How do I go about finding comps to determine an ARV to budget for the purchase price and the rehab when I don't have access to the MLS? Do I ask my real estate agent to comp a property or is there a way that I'm not aware of to accurately comp a property? What does everyone else use for this?

@John Teachout

I have had a very hard time finding information on the house. I am going to visit the county tax assessors office sometime in January to see if I can get any more information on it.

@Ned Carey

I have his book and will be reading it as soon as I finish Cashflow Quadrant by Robert Kiyosaki

@Lynnette E.

Thank you for your advice. The plugs and light switches are still screwed in but I will definitely check under the property and behind the outlets, switches, and breaker box.

@Wayne Brooks

I would like to have a ballpark rehab number so that I can calculate what I can pay for the house itself when I contact the seller. Thanks for your advice