Finding Deals with Satellites

[Michael Kay]

Hi!

If you had to guess which properties in this picture was distressed, which one would it be?

The one with all the junk in the back yard!

I may have gotten lucky so I did a reverse address search via google maps. I can see from Google Street View there's tons of garbage in the front yard, too. Just junk lying around, plastic crates, dirty old piss jugs(!), and worn out appliances. It turns out that, yes,  this property is in foreclosure. Nearby homes sell for quite a bit more than the bank is asking for, also! I know from the area that $50k will buy an average home remodel. It could pass the %70 test.

I once ran a survey for a product idea (Software and product management by trade) and discovered that a lot of people will just browse around google maps for fun. Why not put that hobby to use?

Some other ideas to look for

• Over grown and dead vegetation when it's apparent the images were taken in a summer
• Green or empty pools in the back yard
  • Fun fact: Back in the 2000's and early 2010s after the crash, kids would use google maps to find houses that were empty and go crash them, have a party, and take off
• Junk in the back yard
• Dingy and worn out roofs