Buying vacant property


#1

I want to buy a property that has been vacant for 10+ years. The previous owners filed bankruptcy. Numerous investors in my area have attempted to acquire the home but nobody can find an owner. I thought about attempting to buy the note(s) instead but would need to find what company owns those. I would greatly appreciate any advice on what to do or who to contact for help.
Thank you


#2

Look well before you leap.

Ten years, no maintenance, no care, dry rot, termites, roaches, water damage, all sorts of pests.

Is is actually worth the time and effort?


#3

Property Management

Property also introduces a host of issues you don’t normally face when buying a house. There are all sorts of restrictions that could apply to a vacant lot Buying an empty property may seem a daunting project, but with a little time.We have five suggestions on how you might find an empty property:on the market quick selling properties that are likely to appeal strongly to many buyers.A for-sale house that’s been vacant may look like a bargain, but buyers should be cautious because expensive problems often lurk inside homes.How to Buy an Abandoned House. An abandoned house is a property that is vacant.Procedures for Buying Vacant Lots and Residential Structures.Find a Rehabbed Home to Buy. These formerly vacant properties have been rehabbed by developers and are currently on the market.


Property Management


#4

I do believe it will be worth my time and effort but I will do a thorough property investigation before finalizing any deal. I have a long background in construction and home building so that part of the project is a breeze. However, being a newbie investor, I am struggling to figure out how to buy the property. No body wants to admit they own the home so that makes it hard to make someone an offer!
I appreciate all advice on being cautious, but what I really need is help figuring out how to make the deal happen.
Thank you