All Forum Posts by: Account Closed

Thank you @Lane Kawaoka and @Aleks Gifford I'll try to remember those rules. So I guess my question is, how do I get them to sell at a price that makes the numbers work for both of us?

Thank you for responding @Isi Nau. Those were my exact thoughts. That's why I'm not sure how to negotiate it. I've found several vacant properties but they all want the assessed value listed on the property tax website and nothing less. And like you've mentioned it's a narrow margin for profit and most buyers can get a property with a house already on it. So I guess I either need to work on my negotiating skills and or follow up at a later time as there is no motivation to sell.

Hi everyone,

Does anyone buy vacant land? I've recently found a vacant lot just under 5,000 sq ft in wahiawa whitmore village area. The property Owner is interested in selling it but he wants the amount listed on the Tax Assesors website which is $321k. I know that he bought the property for $200k back in 2007 through a quitclaim deed and currently lives in the property next to it. I've actually come across several vacant lots with similar situations but don't quite know how to negotiate it because my understanding is that banks don't lend that much for vacant land and I have zero experience working with hard money or private lenders. 

Ive researched it on oahure and the comps in that area were $350k on the low end and $700k on the high end. Houses don't usually stay on the market that long in that area as it shows most property's sold or went into escrow within 30 days of being listed. The differences is that those property's already had houses on them that were in fair/average condition and some of those property's were bigger by up to 2,000 sq ft. 

If anyone can offer any advice or guidance on how to go about negotiating this deal or can point me in the direction of a podcast or book on how I can learn more about this types of deal I would greatly appreciate it. In the meantime I'll continue to read through the forums and links here on BP.

Mahalo in advance.

Hi everyone,

I've recently found an abandoned property in my neighborhood where the owner has passed away. After doing further research I was able to find the attorney handling the estate and was given a payoff amount. However the original amount owed is only half of the payoff amount. So I was wondering if the payoff amount is negotiable as half of it is interest and penalties. His secretary also mentioned that if I was serious about this she would let the attorney know so that they can stop it from going to foreclosure. Any advice is greatly appreciated! Thank you in advance!!

@Neal Martin I found an abandoned house in my neighbordhood and after researching the owners I found out that they live in Maui. I've sent letters but haven't got a response and no luck finding a phone number. Would you like to work together and see if we can get a deal out of this?

@Michael Gayer Jr sounds great. I'm open to working with other investors and learning through the process! There's 311 pages of delinquent properties so I'm more than willing to work with a few others so we can tackle the list together.

@Neal Martin yes thank you please keep in touch. I'll let you know how my research comes along for Honolulu's list.

@Mark Waite yes I read that on their website in the FAQ sections. Do you what happens to the properties that aren't auctioned? Are they sold over the counter or do they go back on the list for the following years auction?

Ahh I understand! Thank you. @Account Closed

Do you mean something like listsource or agentpro? @Account Closed