can't GIVE house away..literally!!!! [Archive]

boatsntoys

11-13-2007, 09:04 AM

3 years ago I bought a small house outside Queens in New York for investment. Only $27,000, had renters for 750.00 a month. The agent I bought it from sent me an appraisel 2 years ago for over 80,000, at that time he had other "Good Deals". Thought I had the inside track to a gold mine!.
Renters long ago moved out, transient addicts moved in. City just sent me a bill for 2300.00 for security and clean up and they will keep charging me if I don't fix up the property and remove the squatters. I can't rent it, I cant sell it. Tried to give it away to relieve me of the burdon, real estate agents won't touch it.....The church, salvation army and a host of others won't even take it for free unless I repair it first!!!!!!!!!!!!!!! Now the city is going to send me to collection and continue to do so untill it's out of my name. I paid cash so I can't even let it go back to the bank....................Any suggestions?

Jordy

11-13-2007, 09:05 AM

Now i'm not going to suggest that you commit insurance fraud, but is your insurance paid up??? :idea:

H20Advantage

11-13-2007, 09:06 AM

3 years ago I bought a small house outside Queens in New York for investment. Only $27,000, had renters for 750.00 a month. The agent I bought it from sent me an appraisel 2 years ago for over 80,000, at that time he had other "Good Deals". Though I had the inside track to a gold mine!.
Renters long ago moved out, transient addicts moved in. City just sent me a bill for 2300.00 for security and clean up and they will keep charging me if I don't fix up the property and remove the squatters. I can't rent it, I cant sell it. Tried to give it away to relieve me of the burdon, real estate agents won't touch it.....The church, salvation army and a host of others won't even take it for free unless I repair it first!!!!!!!!!!!!!!! Now the city is going to send me to collection and continue to do so untill it's out of my name. I paid cash so I can't even let it go back to the bank....................Any suggestions?
A match and a gallon of gasoline......:D

Jbb

11-13-2007, 09:08 AM

Absentee Slumlord... ....:rolleyes: ..Where in Queens?

boatsntoys

11-13-2007, 09:10 AM

A match and a gallon of gasoline......:D
Great idea! Just gotta figure how to smuggle the gas on the plane:D

Jordy

11-13-2007, 09:14 AM

Great idea! Just gotta figure how to smuggle the gas on the plane:D
OK rook, they sell gas in NY, not to mention, you probably don't want to fly as it will leave a paper trail. Take a pocket full of cash and make a road trip. Resist the urge to use your cards for anything. In fact, have someone run them a few times at home while you're on your road trip. Gotta work on that alibi. ;)

Jbb

11-13-2007, 09:16 AM

OK rook, they sell gas in NY, not to mention, you probably don't want to fly as it will leave a paper trail. Take a pocket full of cash and make a road trip. Resist the urge to use your cards for anything. In fact, have someone run them a few times at home while you're on your road trip. Gotta work on that alibi. ;)
Newbie :D :D :D :D

boatsntoys

11-13-2007, 09:17 AM

BEER&WATER

11-13-2007, 09:18 AM

give it to me and i will give it to my creditors

seanv

11-13-2007, 09:20 AM

hell, call the local police and fire departments and donate it to them for training. :idea:

boatsntoys

11-13-2007, 09:30 AM

hell, call the local police and fire departments and donate it to them for training. :idea:
They will probably make me pay for a security force to protect them while they take look at it.

boatsntoys

11-13-2007, 09:32 AM

City also says I have to keep the water on and the trash bill paid. Because "My" inhabitants are deficating on the floors and making a mess.

Cas

11-13-2007, 09:36 AM

what's the address so it can be google earthed? let's see the place

boatsntoys

11-13-2007, 09:39 AM

what's the address so it can be google earthed? let's see the place
Good idea. When I get to work, I'll get the exact address and do the same. I have never seen it either.

scarabrick2

11-13-2007, 09:42 AM

I'll be in NY on Thanksgiving for a few days...
Let me know if I can help

DeltaSigBoater

11-13-2007, 09:44 AM

Now i'm not going to suggest that you commit insurance fraud, but is your insurance paid up??? :idea:
A match and a gallon of gasoline......:D
Great idea! Just gotta figure how to smuggle the gas on the plane:D
sorry to hear about your fire :D

boatsntoys

11-13-2007, 09:44 AM

Well, not to be an ass, but it must have been quite a property for you to get it for $27k in Queens, NY. What's that, like $14.50 in CA dollars? You get what you pay for.
I think it was a set up. The agent is no longer around. It was probably his house. The $750.00 came in for a little less than a year. When I did not respond to buy more properties from him, the $750 a month stopped coming.

Jbb

11-13-2007, 09:47 AM

Good idea. When I get to work, I'll get the exact address and do the same. I have never seen it either.
So you are willing to spend $27k on something site unseen...Hmmm....I have some things for sale that we need to discuss.....:D

C-2

11-13-2007, 09:51 AM

You might try a post on the below message board, there are guys in NY who might be interested. Sell it, not give it away, it's got to be worth something to somebody local there.
I tried to PM this - are your PM's enabled?
http://www.agentsonline.net/forums/ubbthreads.php/ubb/postlist/Board/8

boatsntoys

11-13-2007, 09:51 AM

So you are willing to spend $27k on something site unseen...Hmmm....I have some things for sale that we need to discuss.....:D
Hey come on now! I used free money to buy it. You know...all that free equity I HAD in my house here in Calif.:mad:

Jordy

11-13-2007, 09:54 AM

Hmmm....I have some things for sale that we need to discuss.....:D
C'mon Byron, you're not going to sell the Jeep are ya??? :idea: :D

boatsntoys

11-13-2007, 09:58 AM

Embarrased to say , but I also bought one outside Chicago ( now vacant) and one in Phoenix ( holding it's own). My next plan is to immediatley buy some vacant land in Moreno Valley and build some spec. homes before this real estate thing starts to hit the skids :D

Lightning

11-13-2007, 10:00 AM

Well, it appears that you aren't too bright so here's a suggestion that'll fit the circumstances. Plan A. Incorporate it as a business, then mortgage it to the hilt then abscound with the loot.
Plan B. Call a demoltion company back there and 1 pass with a d-8 ought to do it. fu(k the bums.
Rio
Good advice about the incorporation, you may want to setup that property in a corp in order to limit your liability on your personal assets. Regarding the mortgage, chances are it won't pass the physical inspection. When it's all said and done, it's your responsibility to take care of your posessions and to maintain them. Take care of business...

Jordy

11-13-2007, 10:02 AM

Plan B. Call a demoltion company back there and 1 pass with a d-8 ought to do it. fu(k the bums.
Rio
An 8 would do it, but a 9 would be more fun. :D :D :D
http://www.***boat.com/forums/attachment.php?attachmentid=42978&stc=1&d=1194976878
http://www.***boat.com/forums/attachment.php?attachmentid=42979&stc=1&d=1194976923

Jbb

11-13-2007, 10:05 AM

C'mon Byron, you're not going to sell the Jeep are ya??? :idea: :D
There is an ass ....for every seat.......and everything has a price...:D

Mandelon

11-13-2007, 10:06 AM

I have a friend who bought some of those cheap houses in Buffalo. But he has a cousin there who will keep an eye on them, and handle the issues.
Those charities are awful picky. Have you tried to relist it? There's gotta be an agent who will put it back on the market for you.
Post the address. Try looking it up on www.zillow.com that ought to be a hoot.
Heres a link to some online realty board I've looked at a few times: http://www.agentsonline.net they might have some suggestions for you.

WYRD

11-13-2007, 10:14 AM

Good advice about the incorporation, you may want to setup that property in a corp in order to limit your liability on your personal assets. Regarding the mortgage, chances are it won't pass the physical inspection. When it's all said and done, it's your responsibility to take care of your posessions and to maintain them. Take care of business...
I aggree, you bought it so you handle it. Pay someone to demo the building and keep the bare land. While it may not hold value now the land is prob worth more without the structure and when the market takes an upswing you can unload it for a profit. ;) land is scarce and valuable even if it is in the slums, you never know when some investment development firm might try to spruce up the neighborhood:)

11-13-2007, 10:21 AM

Not bad ideas. But I bet it would cost over $25k to demo the house and have the debris removed in an ecologically sound manner.
Paint everything gold, and the skels will steal it.:D

boatsntoys

11-13-2007, 10:52 AM

[QUOTE=Mandelon;2891875]I have a friend who bought some of those cheap houses in Buffalo. But he has a cousin there who will keep an eye on them, and handle the issues.
That's it, mine is just in or outside Buffalo not Queens. Same difference, still not worth shit!

boatsntoys

11-13-2007, 10:54 AM

MAybe I'll just go down there, throw on a second story and put in a pool.:D

Mandelon

11-13-2007, 11:22 AM

Do you want his contact info? I think hHe is a contractor and does rehabs. Maybe you guys can work something out....? He did the rehab on my friends places. I think they own four or five of them now. His name is Kevin.
They have Section 8 tenants in them. They are positive a few bucks every month on them.

Rexone

11-13-2007, 11:33 AM

That's it, mine is just in or outside Buffalo not Queens. Same difference, still not worth shit!
I'm not a geography specialist but is Buffalo not quite a distance from Queens?
I guess if you've never seen it, it doesn't much matter. :)

dirty old man

11-13-2007, 11:37 AM

you need some JEWISH LIGHTNING

uvindex

11-13-2007, 11:40 AM

I'm not a geography specialist but is Buffalo not quite a distance from Queens?Don't be so picky, it's just a teensy little 415 miles, according to Google Maps. :D

delemorte

11-13-2007, 12:09 PM

burn the bitch down and hold on to the property until some other time when the neighborhood gets better.

WYRD

11-13-2007, 12:10 PM

burn the bitch down and hold on to the property until some other time when the neighborhood gets better.
That outta cool down the planet:confused: :D

delemorte

11-13-2007, 12:17 PM

That outta cool down the planet:confused: :D
Sarcasim Mofo Sarcasim.
besides 80 K in queens aint a very big fire.

squirt'nmyload

11-13-2007, 12:27 PM

:D :D
http://i90.photobucket.com/albums/k265/squirtnmyload/guyinhouse.jpg

Cas

11-13-2007, 05:58 PM

so where is this place?

boatsntoys

11-13-2007, 06:51 PM

so where is this place?
Address is coming. My know it all brother in Law has the file to "see what he can do" Should have it back tonight some time.

Troy McClure

11-13-2007, 07:13 PM

Address is coming. My know it all brother in Law has the file to "see what he can do" Should have it back tonight some time.
Come on... I was looking at a place in Buffalo to buy, if I had the address.....
J/k just curious to see the place.:D