All Forum Posts by: Tracy Hewitt

Does anyone have experience acquiring property through the Allegheny County vacant property recovery program? I would love to chat about the application process and your experience. 

Tracy

As is the case with many areas it has been hard to find deals lately. Inventory is low and prices are high. I started to branch out looking for vacant houses in my area. A few of them I've had my eye on for years,  as they sit and rot. 5 of the ones I really like have deceased owners. I found the next of kin and reached out to every one of them with no response. I reached out to the local municipality and asked them what they do with these houses that sit with unpaid taxes. The borough secretary said once they get bad enough they can add them to the condemned property list and tear them down. There has to be a better way. All 5 of these houses have been sitting for years. Before they get to the point that they have to be torn down isn't there a way that would be beneficial to all parties? I would get the house, the neighbors wouldn't have to deal with a blighted property bringing down their home values and the municipality would have a tax paying owner. Does anyone have any insight on anyone else I could contact to buy these properties? 

@David Lee Hall, yes that is exactly what I meant. Sorry I should have been more specific. 

I’m looking to branch out. I’ve listened to every podcast and read everything I can on buying notes but I’m still not grasping the concept. I need “buying notes for dummies” 🤦🏼‍♀️ I would love to learn from someone local. 

Hello. This is my first post. I've been listening to the podcasts and just started reading the forum posts. There is so much information it is exciting and overwhelming at the same time. A little background. I'm a real estate agent. I got my license when we bought our first investment property 16 years ago. I work for a small agency and only do it part time. Mainly for our own properties we buy and sell and for friends and family. My husband is a carpenter. We bought our first flip 16 years ago and a few rentals. My husband was working full time as a carpenter and then every evening and weekend on our properties. It got to be too much. We sold everything in 2009 and took a few years off. In 2011 we got the bug again and bought another flip. We've done 8 total and now own 4 new rentals. We always buy with cash and do all the work ourselves. We've done well on every transaction but it is sucking all our time. We have 3 kids and would like to be able to spend more time with them. We want to take the next step to doing this full time. Financing properties instead of always using our money, hiring contractors so we aren't working 80 hour work weeks every single week. We just don't know how to make that jump. I don't know how to write a business plan and what steps we need to take.