Open code violation list

[Ahshar Sylvestre]

Hey guys, are code violated properties good? I've written down all the properties in a county with violations that had absentee owners. Is this a good start?

[Patrick Liska]

You may get the properties for a good price but know what the code violations are because you will be required to bring the property up to code.

[Shawn Ackerman]

Ahshar Sylvestre Code violations are a great source of lead generation. Can be a great negotiation tool. Best of luck!

[Ahshar Sylvestre]

@Patrick Liska that's good to know, now that I look back some of these properties have 4 or more violations. Thanks for the info!

@Shawn Ackerman  thanks, Shawn! Have you dealt with properties with violations in the past? 

[Ryan Dossey]

@Ahshar Sylvestre

It really depends on the violation and extent of the violation. Do they have 5k in high weeds/grass built up from a year of the city mowing at $300 a pop? Great! Mail it!

If they've only got one... Tenant may have forgotten to cut it before a vacation. 

I like to look for board orders, excessive fines for weeds/grass, stop orders, and unsecured premises. 

PRO TIP: Some counties will work with you as the new "owner" on code violations. If you find a property that you really like drive down and ask to speak with someone about the fines. (After you're under contract). We just had $15,000 in fines forgiven on a home I bought. 

[Shawn Ackerman]

@Ahshar Sylvestre I come across these properties often.  I don't hold them in my portfolio but I do wholesale them to other investors since the discounts are deeper.  I don't buy anything that needs immediate work.  I buy/cash flow day 1 and let the tenants make the cosmetic repairs.  Best of luck!

[Ahshar Sylvestre]

Ryan Dossey that's a great Pro Tip, that I will write right along slide my list. Thanks Ryan!

Shawn Ackerman I will defenitly keep you updated on my progress. I look forward to speaking with you. Thanks!

[Ryan Dossey]

@Ahshar Sylvestre No problem at all. If I can ever be of asisstance feel free to drop me a line. 

[Orane Williams]

Does anyone particularly market to properties with Code Violations. 

[Benjamin Blackburn]

@Shawn Ackerman @Ryan Dossey or anyone else out there.  How far back do you all mail to? For example: violations from 1 year ago, 2 years ago, etc...

Thanks

Ben

[Ryan Dossey]

I wouldn't go back that far. Most sources should tell you if it's open or closed/paid. 

[Shawn Ackerman]

@Benjamin Blackburn good question.  I think the type of violation is important as well.  if there are 10 interior cosmetic violations opposed to a roof repair violation I'd imagine one would be more motivated than the other.  Same year or last year violation doesn't matter to me.  I also want you to get into the mindset of direct calling opposed to waiting to people to respond to your campaign.  

[Benjamin Blackburn]

Okay great! @Shawn Ackerman

I've been calling evictions lately and have gotten some pretty good conversations.  I know if I stay consistent, something will drop.  I'm curious who your calling? Landlords off of Gosection8, evictions?

[Allyssa McCleery]

@Ahshar Sylvestre how are you finding code violations in combination with absentee? Most of what I’ve read you obtain the code violation list from a city official but it sounds more like you are purchasing the list from an external source? 

[Jeff Bommarito]

Where can I get code violations for St. Louis MO?

[Cindy Decker]

Quote from @Ahshar Sylvestre:

Hey guys, are code violated properties good? I've written down all the properties in a county with violations that had absentee owners. Is this a good start?

 What did you do to get that list. I'm working on getting that list for my area because YES, it is a good list.