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Updated about 9 years ago on . Most recent reply
How can I legally abandon my vacant lot?
I have a empty residential lot in a good neighborhood that I bought for cash, thinking to build a spec house on it. The reality is the lot is too steep (needs grading, piers, sewage pumps, ect.) to build cost effectively. It's buildable, but doubt I could make any $.
So, its been for sale for 3 years and no takers. So it's sitting there and I do nothing but pay property taxes on it.
How can I legally abandon it? It is owned by my LLC
Any ideas?
THX
Most Popular Reply
![Mark Elliott's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/220429/1621434171-avatar-chevy37s.jpg?twic=v1/output=image/cover=128x128&v=2)
give it to a charity like habitat for humanity. they will build a house on it for the needy people, and you can write off the entire market value from your taxes