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.
Rehabbing & House Flipping
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

5
Posts
0
Votes
Matt Hogle
  • Landlord
  • League City, TX
0
Votes |
5
Posts

What have you found in a long term vacant house?

Matt Hogle
  • Landlord
  • League City, TX
Posted

I am looking at a rehab deal where 2 houses can be picked up for the cost of back taxes (~25k combined). The downside is that both houses have been vacant for at least 6 years (and possibly up to 10 years),  and need substantial work (roof, foundation, and potentially to the studs remodeling). Both houses are roughly 1500 sf and have ARVs of approx $125k. 

My rough PNL estimate on these houses are 25k each, but I am concerned on what I will find once inside. Just curious what some other rehabers have experienced in long time vacant houses and how far gone a house needs to be before you write it off as not worth the trouble.

Matt

Loading replies...