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Updated over 8 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Simpson St Louis
  • Orlando, FL
1
Votes |
5
Posts

Owner murdered I don't know how to exactly go about this

Simpson St Louis
  • Orlando, FL
Posted

OK first of all my condolences goes to the family. 

I'm not sure of if this is the right forum to post in or not, but I know if this property was to be purchased it would need to be demolished in order to conceal that a person died on this land.

I found this yesterday while driving for dollars, I noticed that it was in distress it had an eerie type look and vibe emanating from it. So I stopped took pictures wrote down the address with a few notes next to it. So literally now today not to long ago I go type the address in my counties appraisal site. I found the registered owner and their mailing address was the same as the property in question. So then I did a basic Google search the owners name and zip code, to find any other known addresses or phone number(s) instead I found an Orlando Sentential article with the owners name stating that she was murdered in her home (This was a tragedy she was a mother of 4, but at least justice was served the murderer was sentenced to 25 to life he got what he deserved). As sad as this may be I know this a phenomenon that has more than likely crossed the path of some investors before. I want to know how you would go about getting something like this under contract (also didn't find the names of her children, I know they would probably inherit the home under Florida's laws.

Most Popular Reply

User Stats

240
Posts
187
Votes
Curtis Yoder
  • Rental Property Investor
  • Tulsa, Ok
187
Votes |
240
Posts
Curtis Yoder
  • Rental Property Investor
  • Tulsa, Ok
Replied

The PC answer is to run from it. The vast majority of people will pass on this kind of property. Somewhat understandable... but you don't know what has happened in most houses over the years. Don't fool yourself into thinking every investment home in the portfolio was full of unicorns and flowers. 

You are in RE to make money. This could become a good investment due to the large number of people that simply say they would not consider it. Although the past was tragic you could give the property new life. Renovate, paint, fix, make it a home again. It will be difficult to sell if you are simply flipping it but a buy and hold should take the pressure off after several years. 

I would personally bring in my Pastor and have him bless the property, a personal choice for me. Move on and rent it, the home will be happy to have a new lease on life.

  • Curtis Yoder
  • Loading replies...