OfflineI found this little 1/1 470 SF vacant shack. It sat on a nice big lot mixed in with some nice older home with big tees lining the street. I talked to the neighbors and found out the back of the house burned and the owners just tore it off and made it smaller.
They told me that the house had been vacant and boarded up for 10 years. At first the sellers wanted 10K and we finally agreed to 5K
A title search showed that taxes hadn't been paid since 1994 and totaled $16,242
I called the sellers back and explained the situation, they agreed to just give it to me and I sent them a quit claim to sign.
I actually found a guy willing to take the house for the back taxes owed and I collected a $500 fee.
There really is a buyer for every house. I never seen this house or met the buyer or seller, its about 2 hrs away and found it by advertising I Buy Houses on Craigs list. It wasnt much money but it was fun and I only spent 30 minutes doing the deal.
Let's make some MONEY Rando
Rando
it's almost a funny story! as you say, there's always a buyer for any property!
Thanks for sharing!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Amazing. $500.00 is nothing to sneeze at and I could certainly use $500.00 right now and at this moment I would be happy to have half that amount. If only I could just get out of or over my brain freeze. Thanks for sharing about the free house. I am curious as to the lot size that the shack was on and what was the value of the property with shack?
Keep up the search for more offers out there everywhere.
Do not let no one stop you from knowing more knowledge and initiative.
CONGRATULATIONS you made $500 and it was fun and you have a story to tell. keep it up.....
walt