Re: How to deal with irregular and rogue properties?

Posted by Royse on December 01, 2016 at 18:30:48 from (69.36.53.231):

In Reply to: How to deal with irregular and rogue properties? posted by jocco on December 01, 2016 at 05:31:48:

There is a gas station near me on the corner of a two lane

state highway and another paved road.

Behind that gas station, on the paved road, not the state highway,

there was a two acre portion of a larger hay field for sale.

The owner had deeded it to his son and his new bride to build

a house on. They mortgaged the land and lost it. No house,

well, electricity, etc. but about 200 ft of paved road frontage.

Most of this road has been turned into trailer park like lots, so

I bought that two acres from the bank and told the guy who

owned the hay field, the original owner, to use it as he sees fit

until I do something else with it. You would have thought I had

saved his life or something. It cost me $4500.

On the side of that gas station, facing the state highway, was a

tiny old house on a lot about 20 x 60 feet. Tenants destroyed

it and it was torn down. By today's standards, not buildable.

That small parcel is now for sale and borders mine so I took

a look to see what the bank was asking for that. Same bank.

$20,000 for 20 ft of frontage. I'll pass.

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