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Updated about 1 year ago,
Wholesaling long vacant properties in the District of Columbia
Hello everyone,
I'm in curious to know if anyone on this forum has had any success wholesaling abandoned properties in the District of Columbia (the City of Washington, DC)? Since I've been studying real estate investing, I started to notice that there are hundreds, if not thousands of abandoned properties all over the city.
After researching the situation a bit, it appears that there some rather complicated government statues in place that make it difficult to go after unclaimed properties, particularly those with deceased owners and no next of kin to claim the properties. The DC govt is issuing liens against the properties for unpaid utilities, property taxes, etc due to the owners being deceased.
Anyone in have an experience with this, namely getting around it? Anyone local, I'm looking for any guidance or mentorship on this...thanks.