boarded up houses? wholesaling deal?

Bird Dogs, Wholesaling
1

so i did some driving around the neighborhood…there’s a ton of boarded up homes.

  1. is this a good thing?
  2. how would i get in a home thats boarded up? (maybe that’s a duh question)…but the windows are all broken, there’s not even a door, it’s a boarded up wood with a chain…i cant even imagine what the inside looks like…just wanted to know if these are the type of homes people wholesale?
2

I will say “yes” to both of those questions, or should I express it this way → :deal

It also depends on where the homes are located in town (Are they in the “projects” of placerville, or regency heights of Tincletown? Search the tax records and check for code voilations with the city on the property or properties. This way, you find out if they are bank reo’s, or if an investor bought them or if they belong to somebody who just doesn’t want the burdeon of the house. You will never know, unless you find out. :rolleyes :smile

3

boarded up homes…every other house…they are far from the tree lined blocks. so i get the information of the property then do you guys call them or mail them? i dont see a phone number, i see an address-some of which are the addresses of the boarded up properties. wild guess is they don’t live there…so how will they get my mail?

4

If the address for the property owner is different than what is listed on public record, chances are, they will get your regular post card or yellow letter - whevever you choose to send out. Most will not have phone numbers. If it looks like a bank owns it, you will find out quick. You can always post a business card or one of your flyers on the door, too. Chances are, they will have a forwarding address in place. If not, you can be safe and write out to the side of the letter “Return Service Requested”. This will get the post office to make sure it goes to the right address.

5

Definitely! Abandoned houses are the best deals for wholesaling. Talk to the neighbors first, send a postcard with “Do Not Forward - Address Change requested”, check the tax records, check the court cases records (may be the owner has a pending lawsuit - most distressed homeowners do, at least from credit card companies - and this will show a recent service address), check directory assistance or do a skip tracing. If there is a mortgage on it, you can do a short sale or buy the note, and flip it.