acquire

How To Buy Abandoned Property

0:00
Toggle fullscreen Fullscreen button

Sharing buttons:

What's up friend?

Kris Krohn here.

Today, we're going to talk about abandoned properties.

Frankly, they can be some of the best investments out there if you do it right.

So, I'm going to talk about where to find them and then when you do, what you actually

do with them so you can actually buy it when there's no contract signed.

Why would you actually want to buy abandoned property at the first place?

You know, I wanted the same thing until it became one of my next deals.

There was this property very close to train tracks.

It has a small little 3 bedroom, 1 bathroom home.

But frankly, a total dump.

People haven't put love and care in that property in a long time.

And when I saw it, it was actually listed as a short sale.

Which means that the bank actually hadn't totally finished foreclosure process.

They wanted to get it off their books.

And they listed.

And all of a sudden, there were hundreds of offers on these property because it was a

really good...

It wasn't the best vocation but it was a really great price.

And I knew enough about short sales to put my offer at the right time.

9 months earlier, they listed it, we waited until literally the day before the bank was