Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

120
Posts
8
Votes
Markeilsha R.
  • Wholesaler
  • Syracuse, NY
8
Votes |
120
Posts

Distressed disaster!!! Buying without inspecting HELP!!

Markeilsha R.
  • Wholesaler
  • Syracuse, NY
Posted
I just went to actually see a home I found online and got under contract in order to get pictures for marketing at the request of a potential buyer. When I arrive I see that the home had been condemned and upon speaking with two neighbors I found out the the owners are all dead and the home has been vacant for 20yrs. The roof had caves in and there "may" be asbestos issue. I planned to wholesale this, but now I can't, in good conscious pass this issue on to another buyer. The only two good things I can see is that the home actually occupies two lots, and it's in a good neighborhood. I guess I need good advice on what I can actually do. Is it possible to try to sale this for the price of the land, to a land developer? What are the typical costs of demolishing a home w/ asbestos? HELP!!! PLEASE!!!

Most Popular Reply

User Stats

1,895
Posts
1,918
Votes
Tim G.
  • Rental Property Investor
  • San Diego, CA
1,918
Votes |
1,895
Posts
Tim G.
  • Rental Property Investor
  • San Diego, CA
Replied

If all of the owners are dead, who do you have it under contract with?

Is anyone building new construction in this neighborhood?

Loading replies...