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The eerie world of Real Estate
CASE 1:
I went to the latest place I'm looking at to stash cars. AMAZING: 4000 sq feet 16 foot walls, central air and heat, 12 foot doors, and that's the mechanic area! With drywalled, painted walls and thermal windows! The office includes all the cherry furniture and a glass partition left behind. I got there three days LATE! I have the back up offer. The guy did a Madoff with people's money and took off. -------------------------------------------------- CASE 2:Went to another place: 7000 sq ft, 30 x 30 paint booth, welder , compressor and milling machine left behind. Office with sitting area and complete bathroom with BATHTUB FOR THREE! No one can find the owner to work out a deal. Hoping it goes for taxes! It's been vacant for three years. -------------------------------------- CASE 3: A city is selling its municipal garage put on sealed bid. Minimum 10,000 for 3500 sq foot bldg with several hoists. May involve paying a fee because the city never remove its oil, it dumped it!. This has slowed the bid, which was supposed to be closed in June, but no one has bid more than 10K OR the dumping issue is a big issue so it's all open. Still waiting to find out. ------------- CASE 4: 3000 sq ft bldg with all amenities: power heat light toilet. Big doors on side. Front office, parking lot fenced with 16 foot hurricane fence and razor wire across entire top, front and back. All kinds of Chinese writing on the front of the glass. The realtor is chinese. Original Bid: 180,000: 100K up front 16k/year for 5 years- no interest! Very Cinese way of getting money and not paying taxes on iterest or profit. New Bid: $ 88,000. No idea on how it's split. ------------------------------------------------- Still looking. If I get Bldg #4, I'm getting my CCW post haste. And buying a junkyard dog for the parking lot.
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Strelnik Invest in America: Buy a Congressman! 1950 170SD 1951 Citroen 11BN 1953 Citroen 11BNF limo 1953 220a project 1959 180D 1960 190D 1960 Borgward Isabella TS 2dr 1983 240D daily driver 1983 380SL 1990 350SDL daily driver alt 3 x Citroen DS21M, down from 5 3 x Citroen 2CV, down from 6 |
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ccw?
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#3
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concealed carry permit.
Jump on case 2, maybe you can get a deal on the equipment.
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1984 300TD |
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Property #3 is for those who have deep pockets and a development plan that will give them a killing, as the potential environmental cleanup costs could be quite pricy.
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If you're worried about the oil cleanup on #3, there are products out there that will clean up the oil spill post haste, without removing the dirt...
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All it takes for evil to prevail is for good men to stand by and do nothing. Too many people tip toe through life, never attempting or doing anything great, hoping to make it safely to death... Bob Proctor '95 S320 LWB '87 300SDL '04 E500 wagon 4matic |
#6
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Quote:
That would be nice, hope it doesn't involve a court battle. I would be happy with any of these, they all provide more room than I need. I might even rent some out to people who need to store cars, like this one guy who owns a 6 x 6 army truck from Korea and will need a new storage area soon.
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Strelnik Invest in America: Buy a Congressman! 1950 170SD 1951 Citroen 11BN 1953 Citroen 11BNF limo 1953 220a project 1959 180D 1960 190D 1960 Borgward Isabella TS 2dr 1983 240D daily driver 1983 380SL 1990 350SDL daily driver alt 3 x Citroen DS21M, down from 5 3 x Citroen 2CV, down from 6 |
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You don't want to drop $10k on that place than find out it needs....$1m in remediation...or you need to spend years and tens of thousands in legal fee's going after the previous owner. You need to know what your doing when you play with fire like that, or the EPA/DEP will burn you.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#8
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Quote:
Where are these houses located?
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2015 ML350 4Matic. Wifes DD 2015 GLK350 4Matic. My winter DD 2012 E350 4Matic. Road Trip car 2009 CLK350 Coupe Designo.Kleemann Tune For nice days/DD 2006 CL600. V12.Eurocharged Tune. Enough said 2005 CLK55 AMG Coupe.Kleemann Tune. For the sound and style 2004 CLK320 Cabriolet. 2005+ Interior swap. For the sunny Florida days & beach days |
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These are all in the People's Demokratik Socialist Kollective of Michigan, the Honorable Jennifer Granholm, General Secretary of the Party and Governor of the Politburo, presiding.
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Strelnik Invest in America: Buy a Congressman! 1950 170SD 1951 Citroen 11BN 1953 Citroen 11BNF limo 1953 220a project 1959 180D 1960 190D 1960 Borgward Isabella TS 2dr 1983 240D daily driver 1983 380SL 1990 350SDL daily driver alt 3 x Citroen DS21M, down from 5 3 x Citroen 2CV, down from 6 |
#10
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You're chasing every guy's dream scenario. Good luck from those of us who can only dream at this point.
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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
#11
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Quote:
- Peter.
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2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S |
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Having once owned a piece of real estate that had "environmental issues," I would steer waaaay clear of #3! We had to have ALL of the dirt under the building dug up, hauled to a special dump for toxic soil, and then new dirt trucked in and replaced. We also had to pay to install monitoring wells on the property to insure that nothing else could leach into the ground water.
I wanted to give that land away before it was all over.
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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century OBK #55 1998 Lincoln Continental - Sold Max 1984 300TD 285,000 miles - Sold The Dee8gonator 1987 560SEC 196,000 miles - Sold Orgasmatron - 2006 CLS500 90,000 miles 2002 C320 Wagon 122,000 miles 2016 AMG GTS 12,000 miles |
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...and if the building had floor drains in which oil or other products were dumped into, then kiss your a$$ goodbye.
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#14
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They ended up excavating the entire site down about 15' and replacing it with new soil. The previous owners filed for bankruptcy, liquidated and disappeared. There are reclamation/remediation funds available if you can find them and if it's a munical property they may very well be responsible for those costs anyway. I wouldn't necessarily automatically discount the property but be sure to fully research it with the EPA and have a lawyer do the same before doing anything. Not something you want to be blindsided by!
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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
#15
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You want ground contamination?
My dad was working next to a well know company's oil tanks...said company will remain unnamed. When they got down to about 10-12 feet the hole starting filling up with what they thought at first was water...nope its diesel fuel! They actualy had pumps going to pump the diesel fuel out it was flowing in so fast! Now that ground is contaminated!
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
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