All Forum Posts by: Jeffrey Muth Jr

@Henry Clark I thought about the fireworks part yesterday. Any idea who I can reach out to in regards to that?

@Ronald Rohde as I stated I wasn't expecting to be blocked by the state on using the currently installed exit.

@Chris Seveney - the biggest part is that the concrete for the new exit would be alot. Your looking at what a good 50' pour (roughly). I wasn't expecting the state to say no b/c there was already an exit in place.

@Malcomb Stapel additionally why donate the property? I can understand some tax credits but why that?

@Malcomb Stapel to answer the question yes the whole lot is mine. It is already zoned for residential and multi family as well as part of the c1 class. Right now I'm just holding it for the year mainly b/c of the fact of I can't do anything.

It was the state that did the main block and the recommendation is to put the exit (if looking at it from Google maps) behind the utility pole to get the 100', which is practically the length of the property.

Hello,

I'm a bit stuck with my Commercial property I purchased and needing advise on what to do or steps to take.

This is a C1 type property and it is .30 acres in the city of huntington wv. I purchased the property for $9k with closing. The intention for buying it was to put a food truck park. Ice water vending, parking lot, self storage, etc... on there. I don't regret buying the property for the price as the value of it (per assessors site) is 3x what I paid for.

The problem I'm having is that there is a currently installed entrance & exit the state will not allow me to use the exit due to it being too close to the entrance and want the exit moved to be 100' away. I can't just put gravel down as the city wants it to be paved this is where I'm stuck.

If anyone wants a view of the property you can look at it via Google maps, the address is 711 adams ave huntington wv 25701.

Thanks for the help & tips

@Eliott Elias - if arv you mean average resale value. It would increase to about 50-60k. This is a 2br 1 ba 808 Sq ft livable space.

@Eliott Elias - I'm in west virginia. Our housing is pretty cheap compared to every where. I've found several deals but it is all under banks minimum funding amount. Every bank I have reached out to says the min they can loan for is 50k or 100k. All our housing is under 50k.

@Chris Seveney - thanks would it be best if there is someone there to offer either the lease or eviction? Also in general with this kind of deal do we go ahead and go through the purchasing process as normal and just pay the owner/financing afterwards? That part is where I'm a bit confused on.

Hello,

Needing some help/guidance on my first deal. I found a house for sale in my area for $13k, ive negotiated the price to $8k down + owner finance $2k for 24 months. Taxes not included. I'm going to go fully look at the house after work they apparently live out of my state and said the listing says that there is someone living in it but when I asked if it was there tennant they informed me that if there was someone in it then it was by them. But in general for this type of deal what would be next steps to take? Thanks