All Forum Posts by: Hunter Adams

@Valentine Antony

Hi Valentine.

I’m not sure if my last message sent so I’m sending one again. I’m looking for a USDA construction lender, and I saw your post. I’d love a recommendation. Thanks!

@Jose Topete

Thank you Jose. Can you message me the details?

@Rachel H.

Thank you Rachel, great advice!

Hello folks.

I am in the Inland Empire of Southern California and as the title states I am looking for a reliable C-47 contractor (general manufactured house contractor) for installing mobile homes inside and outside of mobile home parks, as well as some future rehabs/remodels.

All referrals are welcome and appreciated.

Thank you!

Thanks in advance, good folks!

There are a few rural communities I’ve been looking at recently which were platted for small resort cabins in the 1920’s to the 1970’s. The plots of land are from 4000-20,000 square feet. Most of the resident now are year round. Owners mostly vary from plot to plot but a few stretches of parcels are still owned by one person. About half of the plots in the area are vacant. Some have had cabins and manufactured homes which have long since been removed.

The most recent general plan has boxed in this area for 2.5 acre ranches only. The chance of someone accumulating enough contiguous plots from various owners to form a 2.5 acre parcel is next to nothing.

Are these small plots useless now? Can any of the ones which have existing utilities be built on or have a new MH installed? I’m waiting on a call back from the county but I’d love to hear your input.

Thanks.

@Nicky Reader

Thank you, Nicky!

Isn’t probate awesome?

@Ned Carey

Thank you, Ned.

The tax in default that I can see is property tax unpaid since the owner died 7 years ago. From what I have gathered it sounds like the owner had IRS debt and they want to get paid from any sales of his estate so the family haven’t been paying any property taxes or doing anything with the deceased’s estate.

@Josh Caldwell

Thanks much! I’m not sure if that property in particular has an IRS lien or the entire estate. I will try to find out. Is there a website where I can find out if a property has a federal tax lien on it? The taxes owed are the property taxes for the past 7 years that the person has been deceased.

I have found a property which will be going to tax auction soon and made contact with a relative of the person on the tax roll. The original owner is deceased and according to the relative the IRS is seizing any money from sales on any of the deceased properties.

My question is do they still have any motivation to sell? Would my money on top of paying off the defaulted property tax help with their overall tax burden?

Also, can I get this relative a finder’s fee or something similar to put me in contact with the current owner if I do indeed buy the property?

If I buy the property will I be responsible for any of the deceased’s IRS debt?

Bonus: If there’s an entire RE portfolio associated with the deceased and it is valued at more than the deceased’s IRS debt, should they sell off everything they can?

Lots of questions, but any info will help. Thanks!

@Greg Scully

That's a great point. I'm usually good about considering an exit strategy, but I have to keep my feet on the ground sometimes.