As a prospector looking for gold nuggets sometimes you sift out some truly unusual leads. In my many years as a real estate investor I can tell you from experience, looking at hoarder houses. But before long when you see garbage stacked ceiling high, or a crazy cat lady with 18 cats in a 900 sq ft home… you will learn to see what I see a gold nugget, a diamond in the rough a real estate DEAL. Really hoarder houses usually dont need as much work as they LOOK like they are going to need. The items piled up just obscure your vision, but its usually just cleaning. Get a permit from your city for a dumpster and get your cleaning crew to work and before long you will have the hard work behind you!
Of course there are some issues with hoarder houses that you won’t usually run into when looking at other houses. For instance its difficult to get a feel for the foundation because you can’t put a level on the floor or walk the perimeter. Another issue sometimes is mold, because the houses are abandoned usually or there sometimes is literally trash strewn about it can make for a good environment for mold to grow in, and if it gets in the vents it can be an expensive job for your cleaning crew. Also because of all the junk, it can obscure other things the seller might not be aware of. For example I bought a house up in Keller and the junk was hiding areas where there had been termite damage. OOPS! Yah we didn’t discover that one until after escrow and closing, luckily we had left enough wiggle room in our margins it wasn’t much of an issue.
Hoarder House #1
There is a kitchen somewhere in here….
Come to think of it these pictures kind of give me the spooks. You have to understand when im going through houses like these, often times the utilities are turned off… so its just me walking around stumbling through junk with nothing but my flash light and a camera. Some houses its difficult for even investors to help… maybe I will make another post like this come Halloween for some truly scary houses. Nevertheless, don’t let scary looking houses like this intimidate you, now lets sift for some more real estate deals!