Re: Drug dealers in your investment property??? - Posted by ray@lcorn
Posted by ray@lcorn on August 04, 2003 at 16:56:21:
We all have to decide how many and what kind of problems we are willing to take on. This deal is one I may have taken on in my younger days. It’s tough to change neighborhoods.
If you were to take it on, I’d start by contacting the local authorities and find out the real story. Don’t rely on rumors or a streetcorner rundown. If this is the case and if you do decide to do the deal, my understanding is that this puts you on record as being aware of the problem. If you allow that problem to persist, then the property can be subject to seizure.
But I’m not a lawyer in your state (or any other state). Again, get the facts straight from an authoritative source. Know the rules, and your rights. Don’t guess, there is too much at stake.