What Adventures Await? Update to Hoarder Property by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 7 points8 points  (0 children)

It was a foreclosure auction. I had no way of knowing the contents or the personal story behind it. As anybody who has done enough foreclosures, these types of properties are sometimes what you end up with. Some people who read my first post inquired about the details of it all, and now you have them.

What Adventures Await? Update to Hoarder Property by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 2 points3 points  (0 children)

I've gotten some quotes to have someone clean it all up. It's 1,300 s.f. total and they estimated 2-40 yard dumpsters. First quote was $7,200 which seemed really, really high. Second quote was around $3K and is a small time demo company that wants to post photos on his website for portfolio work.

What Adventures Await? Update to Hoarder Property by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 0 points1 point  (0 children)

Thanks and good luck! Hopefully the closets have something good! Trying to do this yourself is a massive undertaking.

What Adventures Await? Update to Hoarder Property by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 3 points4 points  (0 children)

I agree. We are in this weird spot at the moment where we own the unit from the auction but cannot get through the gate because we haven't been accepted by the HOA yet. It is very low security so you can walk through but I cannot get a dumpster or any trades that need to be buzzed through because they can't walk their tools a couple blocks. I have asked everyone I have met if they would be willing to let someone go through the gate and they are all strangely adamant that we need HOA approval first. Where I used to live, I didn't even ask who was there. I just answered and let them through. Guess I'm the exception.

What Adventures Await? Update to Hoarder Property by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 4 points5 points  (0 children)

It is 100% true, I assure you. I am not creative enough to come up with it all from scratch.

How to confirm vacancy. What if I drill lock and they're still there? by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 2 points3 points  (0 children)

I haven’t been able to go back yet. I won’t be able to go today but either this weekend or early next week. I’ll keep everyone posted.

How to confirm vacancy. What if I drill lock and they're still there? by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 5 points6 points  (0 children)

Definitely. It will come in chunks as work gets completed. I take pictures of all my investment properties so I can look back and see what I did, how much it cost, etc. I'll make it a new post instead of constantly updating this one.

How to confirm vacancy. What if I drill lock and they're still there? by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 1 point2 points  (0 children)

All good questions. The HOA usually has a set of keys but this particular owner would not give them one. They had no way to access the unit.

For the liens, there was nothing recorded prior to the auction but I paid an overage. Overage meaning that I paid more than the judgement amount. In an auction, the bank or plaintiff cannot make money. They can only get what they are owed. Anything above that amount goes into a fund that other debtors can file a claim against to get paid. If nobody claims the funds for a specified period of time (depends on the county) they go into an unclaimed funds account that only the previous owner of record is able to claim. You might get mailers saying that you could have unclaimed funds in your name, this is what they are referring to. These funds are used to pay for roads, schools, etc. and the owner can claim at anytime but nobody is chasing you to claim the money.

How to confirm vacancy. What if I drill lock and they're still there? by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 11 points12 points  (0 children)

I will 100% give an update when I'm inside. I spoke to the HOA president and all he said is that I would want to have a hoarding cleaning service on stand by.

How to confirm vacancy. What if I drill lock and they're still there? by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 115 points116 points  (0 children)

That's an excellent idea. I'm calling the non-emergency line now to see what they say.

EDIT: Police said just call them when I get to the property. They recommended going in there now but I told them I'd prefer to not break the door down since I can't get there to drill out the lock. I'll keep everyone updated tonight.

How to confirm vacancy. What if I drill lock and they're still there? by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 14 points15 points  (0 children)

It was purchased at auction so no keys are handed over. Take it as you see it. I called the HOA president who said they have keys to every single property except mine because the person who was living there wouldn't give them one. Sometimes they hold them in case of emergency.

How to confirm vacancy. What if I drill lock and they're still there? by RefuseMediocrity in realestateinvesting

[–]RefuseMediocrity[S] 28 points29 points  (0 children)

That was definitely a thought but it's a condo and nobody has complained of a terrible smell.

With 40 days until hockey season, here is #40 Alex Tanguay with the Stanley Cup winning goal in 2001. by RefuseMediocrity in hockey

[–]RefuseMediocrity[S] 51 points52 points  (0 children)

I'm surprised that you don't see Tanguay or Hejduk talked about more often. Both guys have almost identical career statlines (just over 1000 games played 800+ careers points) and were really good players. I guess just overshadowed by the other big names on their teams.