Posted by MarkHOUTX on June 05, 1999 at 10:10:55:
Marc,
The cheapest way to get started is by reading the “How to Articles” and “Success Stories” on this web site.
Then, I would recommend you buy Ron Legrand’s book “Fast Cash with Quick Turn Real Estate” – $14.95. You can get it at Amazon.com or at Ron’s website. Here’s the URL to the order page: http://www.success-di.com/Index.cfm?ContentFile=Orderform Go to the bottom of the page and you will see the check box to order the book.
Good Luck.
vacant property - Posted by marc
Posted by marc on June 05, 1999 at 09:57:15:
There is a house in my town that is obviously abandoned, but looks like a decent piece of property. I’ve seen references in this group to finding and buying vacant property. Can anyone tell me what I should do to find out about buying it, or recommend a book on this subject?
Also, how do I find out if it is possible in my town to convert a 2-unit to a 4-unit rental?
Thanks,
Marc
Re: vacant property - Posted by Evil Roy
Posted by Evil Roy on June 09, 1999 at 22:16:54:
To find out the owners, contact your locality
(village, town or county)
and enquire whether the taxes are current
(if abandoned long enuf the municipality/lender may now own)
and/or who is the “Owner of Record”.
Re: vacant property - Posted by Bert G
Posted by Bert G on June 05, 1999 at 13:08:21:
As to conversion, the city building inspection department (sometimes listed under city engineer) should be able to tell you what is needed as far as physical requirements, whether a building of that type may be converted. The Zoning office will tell you if a 4-unit building is allowed at that location. If the area is zoned R2, for example, (2 unit max) you would have to apply for a variance to add more units. In most localities, the inspections office can also tell you the zoning.
Bert G
Re: vacant property - Posted by J.P. Vaughan
Posted by J.P. Vaughan on June 05, 1999 at 11:13:17:
Get a copy of Joe Kaiser’s Abandoned Properties course.
You can find a complete description in our Online Catalog.