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Updated about 1 year ago on . Most recent reply

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9
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9
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Leonard Knight
  • Bladensburg, MD
9
Votes |
9
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Wholesaling long vacant properties in the District of Columbia

Leonard Knight
  • Bladensburg, MD
Posted
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.

Most Popular Reply

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16,433
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Ned Carey
  • Investor
  • Baltimore, MD
12,718
Votes |
16,433
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Leonard Knight it sounds like you are trying to find a legal process to get the "Abandoned" property from the owners.  Why not track down the owners or heirs and do a deal with them? Tracking down owners is not easy but it can be very lucrative.

  • Ned Carey
  • Loading replies...