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Updated almost 5 years ago, 12/27/2019

User Stats

58
Posts
11
Votes
Colin Spivey
  • Rental Property Investor
  • Nashville, TN
11
Votes |
58
Posts

Buying an abandoned property

Colin Spivey
  • Rental Property Investor
  • Nashville, TN
Posted

I have an abandoned property that has been abandoned for at least 5 years. It has central heat and air, has a metal roof, an unfinished basement that has potential to add a lot of value to the home, etc. But it has been obviously squatted in, the carpet it ruined, there are no appliances in the house, will need some drywall work, and one room will have to be treated for mold. It is owned by a property management company and I have thought of contacting them to see if they are willing to sell since it is only sitting there and has been for a while. How would I go about an inspection if there is no water or electricity? What other things do I need to pay close attention to with an abandoned house? Has anyone been through a process with something similar to this? Thanks in advance for your response

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