Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 4 years ago,

User Stats

7
Posts
0
Votes
Greg Feilner
0
Votes |
7
Posts

Found a MF that is condemed. Yay or nay?

Greg Feilner
Posted

Thanks for reading! Fair warning I am not a writer at all so please forgive me for the many mistakes I will make.

Quick note. This would be my first deal ever.

My partner and I where walking around our neighborhood a few days ago and happen to take extra notice to a MF that had very overgrown grass. I remembered a spinet from "Bidding to buy" that said something along the lines of unkempt grass can be a sign of a foreclosure. I made a little joke to my partner about it (it being my silly knowledge of this little fact). Maybe a week later we where walking once again by it and the grass was cut. I make a joke about it again. She happened to notice something that we both did not the last time around. There where boards on a window and what looked like papers attached to the front door. We decided to take a closer look. Low and behold it was papers for condemnation. We made some more jokes about buying it and how it would be perfect to move in one side and rent out the other. Well I thought about it more and more and it dawned on me. WHY NOT?! So we went back to take a closer look. The duplex was totally empty and in great shape. According to the papers on the door it had been condemned since 2018. The papers did not say much. Just about the grass and a few windows had been boarded up on one side (other side seemed perfectly fine). We called the number that was provided on the papers. It was to a sheriff. He sounded very confused how we got his number plus had no idea about the property. He was kind enough to give us a number to someone that he claimed would be able to help us in this matter of finding the owner/any history on the building. Alas all this kind lady could tell us is that it was condemned because of the tall grass and she had no info on the owner.

Luckily my partners sibling just started being a realtor. We asked her and she had no idea or even a clue. She did let us have access to her MLS where we were able to look at the property. It said it was owned by a C****** Trust (I don't want to put the persons name because I have no idea where that could lead) looking on the MLS we found that C Trust had a few other MF homes around our city. Feather investigation also showed that C Trust sold a few of there MF to a R****** C (C being the first part of the Trust. So it appeared to be a last name).

Not sure what to do with all this information or where to go next. Googling C Trust or R.C. got us no where useful. I would really love to talk to the owner and find out if they are willing to sell because of the blatant abandonment of the MF home. Any advice or direction would be awesome. Thank you so much for reading.

Side note. This MF duplex is in great shape other than the windows on one side. The fences is neglected and falling in on parts. The "good" side looks perfectly fine. The "bad" side looks fine except the windows being boarded. Very confused why someone would leave such a nice looking investment to rot.

Loading replies...