I believe the UBIT rates start at 15% and quickly escalate to 25% depending on depreciation this can take a bite out of the return and later on the gain on sale.

The overall cost was a little less than standard stick built.My negative comment, was they did not really have a tremendous market appeal.

There is huge upside to it, but requires tremendous experience and due diligence.

The basement wall had a massive crack.The surrounding trees were planted too close to the house that they roots cause tremendous pressure on the walls of the basement.The house was built in 1960, 4 bed/2 bath ~2400 square feet.

I see resale being a pretty big concern    There are numerous duplexes on our Mls that have been lingering on the market for over a year with no takers   My take on it is I can purchase a pretty decent single family home for $135,000   It will rent for right around 1% so $1,350 per month for sfr vs $1,300 for a duplex   Just doesn't make a tremendous amount of sense to buy a duplex in this market   Twice the tenants to hassle with   Much harder to resell   Much more likely to have price appreciation with sfr...  

If lien holder on the abandoned property fail to enforce their liens within the 6 year statute of limitations, and if the absent owner does not show up within the 7 year period of adverse possession, my company could either simply continue to quietly collect rent without taking ownership or could quiet the title and sell the property.Eventual acquisition of clear title and sale of the property should not be necessary to make this plan succeed.My idea is that sufficient income would be achieved through managing the various abandoned properties for rents and resources.My company would be serving the community by providing needed low cost housing alternatives –often the opportunity to place or rent an RV on the vacant lots, we’d also provide rentals that tenants can pay for by using their own labor to improve the existing housing.Jobs would be created.And, I believe, the general community will be served by our company maintaining and improving a number of properties which would otherwise become waste.Governmental interaction would be avoided by indefinitely collecting rents on property abandoned by others or at least by not owning the properties until the very end.I would keep the visible business footprint as small as possible.Doubtless this plan involves more work than simpler forms of real estate investing.And working abandoned real estate will require creativity to improve and/or capitalize these properties which are considered undesirable even to their owners.I am attracted to working with abandoned real estate because it provides tremendous privacy.My company can control and collect rent on multiple properties where there is no public record of our interest.

As long as you, the property owner, are patient, it saves a tremendous amount of money in disposal fees.Thanks for sharing!

It's something I've been struggling with for years, despite the tremendous success I've had over the last few years.

I would probably like to contract for the other six but with rents escalating so high in this area getting another $60 a month to cover lawn care may not be feasible.

Secondly, check out the MLS and Craigslist.I've been hearing that ITP is experiencing a mini bubble right now with prices escalating due to the influx of investors in the area, but there are deals to be had.