Do you ever see overgrown properties with, perhaps, boarded up windows? Have you ever thought that there might just be a incredible bargain to be had with a property like this? I have bought some great deals this way.
Recently a student of wealth school asked about how to track down the owner of house overgrown by tall grass. It looked like noone had lived in the house for years. The kicker was that it was actually in a fairly nice neighborhood. It was by far the dog of the block. These are the types of properties you want to buy, because it wouldn’t take much to make this property into the pride of the neighborhood.
Our student’s first move was to check the county assessor to see who owns the property. Good move. What she learned was that the address for the owner of record in Singapore. Ouch. What to do about that? Also, she tells me the property taxes are delinquent.
A notice from the city attached the house indicates their are no lien holders. Sounds like the property might also be free and clear. That’s awesome.
O.K. So how do we buy this thing? First of all, we can only buy it from the owner. Hope that’s obvious. A good first step is to interview all the neighbors to see if you can find out how to contact the owner. You could tell them that if they help you locate the owner and you buy the house, you will pay them a finders fee. Careful, this is not a commission, so don’t tell them you’ll pay a commission. That might violate your state’s laws (i.e., only licensed folks are to be paid commission).
In addition, you will also want to send at least one letter to the record owner. Make sure you write "return address requested" on the envelope.
You might also try finding their telephone number. They might possibly have it listed. Try Googling the owner’s name. Who knows, if it’s an unusual name, something might come up.
Their are some other ways you can find people, like hiring a skip tracer. I’ve heard stories of that approach working well, but for most people I’ve talked with in regard to using a skip tracer, it’s a little like big foot. Everybody seems to have heard about, but noone I’ve talked with actually has seen it work consistently for them.




May 18th, 2010 at 1:44 pm
Can’t believe I have only just found your site, am glad I found it, lots of good content here. I just added you to my bookmarks so I will be back again. Keep up the good work. Look forward to reading more from you in the the coming months.
June 24th, 2010 at 10:26 am
this post is very usefull thx!
March 7th, 2011 at 8:43 pm
Hello, i am not used to passing comments on discussions, but i am quite impressed by this site, so i will certainly visit again
March 13th, 2011 at 3:22 pm
I would like to thanks a ton for the work you have made in writing this article. I am hoping the same most effective work from you in the future as well. I loved your style I will join for your feed please keep posting! My best wishes, Gerda.
March 17th, 2011 at 1:06 am
I’d like to go to your blog more often but recently it appears to be taking without end to return up. I visit from work, and our connection there’s pretty good. Do you suppose the issue may very well be on your end?
March 20th, 2011 at 8:50 am
Great blog, Just wanted to comment that i can not connect to the rss stream, you might want install the right wordpress plugin for that to workthat.
May 15th, 2011 at 12:59 pm
I think youve created some actually interesting points. Not as well many people would actually think about this the way you just did. Im definitely impressed that theres so much about this topic thats been uncovered and you did it so nicely, with so considerably class. Great one you, man! Seriously good things right here.
September 12th, 2011 at 2:38 pm
I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all webmasters and bloggers made good content as you did, the web will be much more useful than ever before.