Huge Mistakes Leads to Seller Not Moving and an Eviction on this House
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- Опубліковано 7 лип 2024
- I bought this house flip in January from a wholesaler. The house was supposed to be vacant when I bought it but I made a mistake and did not check to make sure before buying it. When I went to check on the house after buying it we found the seller who sold the house to the wholesaler still living in the home.
The way some wholesale deals work is the owner sells to the wholesaler and the same day or very soon after the wholesaler buys it, the wholesaler sells it to another investor who would be me. Technically I bought from the wholesaler and he did not make sure the owner was out either.
I talk more about what I did wrong in this video from before the eviction. • How I Screwed Up Buyin...
The wholesaler said he would get the guy out but never did so we had to go through the eviction process. I plan to send a bill to the wholesaler for my costs and we will see if he pays it or not since it was his responsibility to deliver a vacant house.
In Colorado, it takes 4 to 8 weeks to complete an eviction. We had our attorney start the process and when they posted notices the occupant called the attorney and said he would be out in a few weeks if we gave him more time. He would never respond to me when I tried to contact him.
The attorney strongly suggested we give him more time, and we gave him two weeks but he made absolutely no effort to move. We proceeded with the eviction and this was it. We have one hour to move all of his stuff outside. We are supposed to bring at least ten guys to do it and the sheriff sends a deputy or two to make sure there are no problems and oversee it all.
We thought he was still living in the home still but there was no sign of him. He may have left with just a few things or not been home when we did the eviction. The deputies were really worried that he had killed himself and they would find him in the house somewhere. Luckily that was not the case!
After 24 hours we can get rid of all his stuff. We are allowed to put it in a dumpster our front that way we are not moving it twice. We went back to the house a day later and it did not look like he had taken anything so he might have left with a few things.
We will have more videos as the house moves along.
Here is a video on wholesalers: • How to Make Money Whol...
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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.
Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped over 180 houses and routinely flips 20 to 30 houses a year. Mark owns 20 rentals properties as well including a 68,000 square foot strip mall. Mark is the managing broker and owner of Blue Steel Real Estate. Mark is also a member of the Forbes Real Estate Council.
Mark started InvestFourMore in March of 2013 to discuss his rental property investing techniques. Mark expanded InvestFourMore to talk about his flipping business and real estate agent business. InvestFourMore now has 300,000 views a month and is one of the top real estate blogs.
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Here is the house after it was finished ua-cam.com/video/9rfWRsrCz9s/v-deo.html
Mark, I commend you for returning money someone left behind! Old houses with other people's belongings always make my heart break.
Yes, good Karma for you 👍.
Probably way too late but that round wood stove in the shop is actually worth some big bucks once restored. Last one we had in the shop I worked at sold for close to $3,000!
really?
Beneath that disgusting grungy layer, I can see a very cute house that has just been waiting for someone like you and your contractors to rescue it. The layout is actually very charming. Can't wait to see it rehabbed. Maybe the guy is in hospital or jail? Weird that he never showed himself.
YES, that's what I was thinking. Looks like he lived there for a long time.
It's so sad to think that a person's life and belongings has no value. This person probably fell on hard times and everything he worked for is just now all gone.
he sold the house and had money to move
Opening up the windows and throwing out the trash already made it look 100k better. Good video
Yes it did
It's a cute house, the person must of been there a long time. I do think he left. I notice when you started the video, that the pictures where removed before clean up. Which tells me he took what was most important to him. Family portraits, the people he loved. If elderly, confused person was living there, He just could not understand what was going on. I am hoping that his family came and got him. They have something set up, and he is living comfortably.
I hope this house, get the love it needs. It has curb appeal. Intresting buildings in the back. He looks like he was a mechanic at one point, working on those lifters, next to the value cover. You are might be right, he may come home, and find that he can't get in. But I am hoping for the latter, that Love ones have him safe and sound.
I can't wait to see up dates on this home, I really like it. I also like to see what Nikki thinks.
Maybe Nikki could do a video on how she decides to stage a home. I think it might be fun.
He was not elderly. He was in his 50s if I had to guess.
Good point about the pictures!
@@investfourmore why do you think he was in his 50s? Did you meet him? Maybe it was a divorce thing? I know my dad didn't want to move from our childhood home when it was time to sell and split the money.
@@investfourmore
Thank you!! From someone who Just passed 50 a few weeks ago, it's nice to hear others do NOT think of US as Old... Though we may feel differently!! Tell that to my aching back and knees that wont let me bend down... Hae, hae, HA!! 🌹🥰☺️
In Australia you have to securely and carefully store contents of evicted house for 30 days, at your cost! Ex tenants can pick the items up at any stage, and only have to pay for the storage costs to get their items, not any of the other money owing to you - ie you can't hold items for ransom for other costs owed. If they leave anything, then disposal costs are yours, not theirs!! They are assigned a 'Case Worker' by the department of Justice, who rides your ass to allow them access to get their stuff. Also, all personal paperwork must be securely and carefully held for a minimum of 90 days and if possible returned to ex-tenant at owners cost!! I learnt all of this the hard way.
Looks like the beginning of a bad horror movie.
Hazem Elshabini Jason comes out from the basement
I am hoping he’s okay.
You can tell he left the pictures were taken off the wall.
Thanks Mark! That's the one I was wondering about! It's really going to be a cool house once you guys are done with it!
Love the mid century aesthetic of this house, really like those old doors as well! hopefully some of it can be saved! Nice vid once again mark
Thanks!@
It’s really sad to see that some one has been evicted.
Looking forward to the "Before and After"!!!!
Bad things happen to nice houses... Glad you and your team have plenty of expertise in refurbishing properties. Looking forward to seeing the finished result. Thanks!
Ugh that cute rattan shelf unit in the basement is so cute!! Been looking for one forever!!
I could smell that place just by seeing those stained walls and ceilings.Undoubtedly the house has good bones, but I'd hate to clean it up since it was let go for so long.
This is a great house and 2 more buildings 😳 Very large project. This is going to be amazing when finished💖
UGGG, the sadness and disparity of the people that live in these dark, dingy and depressing places...I can't even imagine! But, I can totally see this place being super adorable when you are done!
Nice! Look forward to more on this house!👍
Looking forward to the after rehab video. It’s super cute.
That is really a cute house..it will be a charming home when redone....it is a sad event tho.
Thank you!
You do love a challenge, don't you. Your clean out guys are the best.
Thanks for the story and the warning. And I will show them all of this.
I dunno this breaks my heart
Gemcitykid too late
@James Boss Yes, that IS the point of the exercise. That's how you avoid a future like this old man's, ya know.
Nice house with everything out of the house and will be AMAZING when you guys flip it, THANKS FOR SHARING
Look forward to seeing what you do, it has the potential to be a really nice house. It's a floor furnace, we have one in the house that we're remodeling. Best to just remove and replace them, a lot of insurance companies don't seem to like those things. Although, you can still buy and install them, I'm assuming for much smaller homes. Anyhow, thanks for sharing!
We will
With the knob and tube and a hodgepodge of other wiring - probably a complete rewire will be needed.
My mom likes to flip homes and I told her about this experience. She has had some weird things happen, but mostly when she was a landlord. She once got a phone call at work from guys installing her fence that the next door neighbor was outside with his gun, drunk on his riding lawnmower threatening to shoot them and her.... this is in Canada... his gun isn't supposed to be for anything other than hunting... animals... not people.
Anyway cops came took his guns .
Going to be an interesting before and after i must say!
Yes!!
Looking forward to the remodel ,😊
Seems like a wholesaler took advantage of an elderly person who probably had no idea what was coming..
Wholesalers are predators
Your absolutely right! I am afraid the man is in hospital or the city morgue. No one took the time to ensure then man was OK!
You have no idea what happened here.
awesome video well done!!!
I think I like the bench part in the kitchen.. really retro dining part! Upgraded that would be real nice
Yes, that entire kitchen is beautiful. Definitely needs restoration, not replacement. Especially that dinette in the corner window!
I've never understood why people don't vacate another person's property. I can't wait to see this flip😯
And it was the seller, not just a renter.. strange
I know. some people just live in denial
@@kolbis99 I was going to say they may not have anywhere to go, but if it was the seller that doesn't make sense.
U will never understand until it’s u picking up ur life off the ground. Have some compassion ppl. Everything ain’t about bank.
So gross! Can't wait to see it fixed up.
I love your comments 😂 you always make me laugh
THank you!
A cool house! Love to see it afterwards! My Mom and Dad both smoked! We didn’t know any difference until we moved out and then came back to visit! You could smell that smoke! Ugh !!!
IT'S A SHAME THIS MAN DIDN'T GET HELP WITH HIS LIFE BEFORE GETTING THROWN OUT OF HIS HOUSE DEPRESSING.
he sold the house. he had money he didn't move
Great video
I couldnt do that to someone. I bought a foreclosure in 2011 but it had been abandoned. I couldnt throw people's stuff in the dumpster.
Cardfan me either... it seems so heartless. We’re currently looking to buy a home, found one we loved, in an area that was amazing, and the price was just right.... but because it was a foreclosure, we just couldn’t morally do it.
He said at the beginning of the video that he was told that no one was living there. He didn't DO THAT to someone. He is the legal owner and you are making assumptions. I am a realtor and have seen houses left with everything because the owner moved with family, or to a new city and didn't want the hassle of cleaning and packing the house. Yes, there is a possibility that this person might have some issues, but there is a possibility that there arent any.
@@BenMeier814 morals? You never know the story that goes behind a foreclosure, yes sometimes it is because they are broke and couldn't continue paying, but there are many times that that isn't the case. So what is supposed to happen to the houses that are in foreclosure? Just left abandoned forever? Imagine the economy of entire countries if we based our financial decisions on morals.
Adriana Garza it’s the “what if” part, that doesn’t sit right with me; sorry, that’s just how I feel. I’d rather buy a house from someone who is willingly selling their house. The economy will be just fine, because there are plenty of sleazy, money hungry, morally corrupt people in the world, who don’t care how the house came to be theirs, as long as they got a good deal. It’s my money, I choose to spend it as I please.
@@adrianagarza7114 More to the point, there's nothing moral about enabling a lazy addict to keep ripping people off (which is what they're doing when they won't leave).
Can’t wait to see the after
The Attic is the Murder Room in this one Mark!... 👹👹😂😂
haha
I’m excited to see this fixed up!!Those pictures have been on that wall a freaking long time I wonder if the guy who lives there now it was his parents house or something? I wanna know the story behind this house, were they smokers? ( oh you answered that eventually)
Caint wait to see how it looks after reno
I couldn’t watch the entire video. I just kept thinking of this man fleeing his home with no where to go, knowing that all his belongings/life were about to be thrown into dumpsters 🥺
A legal eviction takes months and months, many hearings and court orders. This tenant had ample time to prepare, without paying the rent, he should have had time to get a new place. Y’all calm the hell down.
he had months to move and sold the house so he had money too
Mark Ferguson - InvestFourMore ok 🙏🏽 thank you
@@Dustinavollmar The tenant did this to himself. No one else is to blame but him. This is exactly what he chose, in refusing to move out.
In Richmond Virginia, the deputy shows up goes through the house and leaves. I was part of the crew that help to remove all the leftovers.
Interesting
*Thanks for going in detail on this!* 👍
No problem!
He's in a hidden room that he built just for himself because he knew this day was coming Mark 🤣🤣. I actually feel bad for the guy tbh. Can't be a good feeling to lose your home frfr. Tyfs God bless you
He didn't lose it he sold it
The whole house looks like a murder room!
It never ceases to amaze me how some people live.
I know
Prayers for the person who got evicted. Hope everything works out for them. It's the only reason I don't rent and just do vacation rentals for my properties. I don't have the heart to evict anyone, it would literally mess with my head day and night. I've been through it before I owned everything I do now, so I guess that's what messes with me.
True Boxing Kings you have a good heart so tell me how did you prosper the way you did. How does one go from being evicted to becoming a landlord
This was a flip not a rental. The guy owned the house, sold it and wouldn't leave
@@investfourmore Yeah I know, but I was speaking on evictions in general.
@@Amariellah Found a job, saved my money and bought a junker. Fixed it, made a few bucks and went from there. I only own my main home in Jersey Shore and 3 vacation rentals in the Poconos. Just bought 140 acres in NM so when I retire.
True Boxing Kings amazing story gives me hope thank you and I wish u the best
Did anybody notice the picture on the post in the basement? What’s up with that!
He likes to sit in the basement and remember his victims
I didn't see it. I will have to check the video
@@investfourmore it's at 4:45 time stamp on the video Mark.
I don't think it's real, but super creeepy crap!!
I saw it too. Hannibal Lecter stuff! So creepy. Even if it was just a gag, who does that?
I swear it reminds me of the movie Sean Connery movie “Just Cause”. Ed Harris “How did they smell? Tell me everything. Leave out nothing”.
I don't remember that movie well
What ta dump!..good luck..and hopefully some day the old guy will be ok
4:45 looked like a picture of a man bound and gagged that was attached to the beam
Right I saw that too 😬 eerie
Baby in a high chair
i was about to make the same comment. had to double take on that. i was gonna say better ask the police to not leave just yet
With houses like that with wallpaper all over the place, do you take the time to remove the wallpaper or do you go over it with new drywall like 1/4" rock?
That basement is huge!
I lived in an old house with that single furnace outlet and it was really efficient. The house stayed toasty except for the front bedroom because my son kept the doors closed all the time.
You could tell it was a cute house at one time!
It looks dirty, gives me the itches. Have to admit I can't wait to see it when it's finished.
We've had worse!
Nice bones with this house but would tear down those outbuildings except for original garage. That furnace is notorious for gas leaks so be careful there. Looking forward to the rehab on this property.
Those back buildings are scary. The house is cute. Good luck.
Thanks!
I was wondering why i hadn't received video notifications from your channel and then one shows up!!
yes, youtube for some reason has not been sending out my videos to everyone.
Oops! My bad! I caught a glimpse of that pic, then Mark went into the room that was painted black and my mind went “Crime Scene”! In my defense, I’m out of toilet paper and hand sanitizer! I’m prepping for the Zombie invasion and I have no supplies! Can’t a sista catch a break! Sheesh! Lol
Lol
My first thought when you entered, and there were two places where pictures had hung, that the inhabitant(s) smoked. My folks both did and in the house when I was young. However, after my mom had to scrub the walls to repaint, they both either smoked outside or went out to the detached garage. My mom quit when she had a hip replacement and had to go cold turkey in the hospital. The old demon nicotine had my dad until he died, even when he was on oxygen, he would go outside or to the garage to smoke.
My mom was a 40 a day smoker until she got lung cancer, but even then she smoked ecigarettes while on oxygen for two months until she died.
Nice property, House is decent. It will be fun to reno it! Nob and tube wiring. The place looks in really good condition.
Lol, you are so funny. I flip houses, too. Yes, plants growing into buildings is very lucky! I hope you don't year them down! People love shop buildings! Nice place!
thanks!
Wow, that is depressing, Who needs that door, hahaha. I think there is a lot of potential in this house. I love the structure.
Total gut job if you ask me, all electrical, plumbing, heating replaced, even any insulation would go.
The former owner was a heavy smoker. Check the walls. Reminds me of my Dad’s apartment. My sisters and I took care of him there as he died from lung cancer. Very good of him to return the money he found in another house to the old owner, by the way.
Do you buy these houses sight unseen? Do you not go through an escrow process in Colorado where you have a final walk-though before closing escrow? In California, you'd be able to hold up the closing until the owner was completely out.
Hey that heater is awesome. Well atleast the one in my grandmas house is heats up the house real fast. Only crapy thing is if you drop something down there ITS GONE hahahaha.
Good to know!
Dang, what a pain!
wow it has a lot of potential!
I hate to see some stuff all going in the dumpster.There could be some nice treasure pieces that others could enjoy.
It makes no sense why eviction should be done within an hour (give or take) considering that the person carrying out the eviction owns the property / person being evicted lost their ownership rights.
Because the deputy us supposed to be there the whole time
@@investfourmore But why would you need the deputy to be there all the time during eviction? Surely they just need to secure the property and kick the occupier out if required.
It's not like the evicted person can't come back after the deputy is gone and create a scene or cause damage.
Those rooms in the basement are cool. After major paint, sheet rock (idk what they use nowadays), flooring, I’d design my dream storage room with tons of shelves. For extra dinnerware, appliances, food stock up, toiletries etc. what a dream. And a hobby room & media room if you like to make SM videos. Plus a clothing storage room. Idk if I’d want my guests down there, was there a bathroom with shower? And as far as a room not having a closet, there are tons of portable closets out there that are better than some regular ones.The one you showed needs to have the wall cut out & install sliding doors the length of the closet to be able to access everything. Oops, I’ve gone on too long. Good luck with the flip.
Wow amazing possibilities!
I hate the acoustic tiles on the ceilings, so many houses from that time have them. Do you normally keep them when flipping or drywall?
try to get rid of them
You can tell he was a big smoker by all the nasty residue on the walls and especially on the roof in the living room. He probably sat in his favorite chair and puffed away.
I owned a home that was built in the 1930s that had an oil-burning furnace in the living room (no ducting), the option was to have the furnace in the crawlspace (in this case the basement) with a big vent in the floor above. Only rich people could afford that additional tiny little brown porcelain stove in the basement
That smoke!🤢
You couldn't smell it!
@@investfourmore Wait until it warms up...you will! I used Zinsser odor killing primer on our 1905 farm house that had lots of nicotine buildup like the one in your video. It used to stink real bad but smells neutral now.
This is sad wish everyone could afford houses and never worry about evictions or homelessness.
That is from the studs in remodel. Knob and tube wiring-😯. Hope you check the sewer line from the house to the main line
The basement is open as is the attic. We should be able to run lines down the walls without gutting it
I really admire how you take all of this in stride.
Thanks
What the picture hanging when you said Nicky hadn’t seen it yet 😱
Well Hope that Bench is still there in the kitchen. Is a Nice Eat in Kitchen.
Wow that's cool for the tenant that they have the opportunity to come and take their stuff from the dumpster. In california, at least where I live in Imperial County, you have 90 days once the eviction process starts and whatever you haven't removed from the property by day 91 and the sheriff removes you, you legally forfeit all of your possessions and the owner has the right to keep anything that was left behind.
Wow! A real pig pen.
This house has potential. 👍🇺🇸👍🇺🇸
Glad you tried to work with him. I hope he gets the help he needs. So excited to see your work! It’s adorable! ☺️
PLEASE KEEP THE BOOTH! I beg you.
I would love to see a update on this house
It’s for sale as is $194K
Love to see what you do to it. After tour.
Will do!
old Knob-and-tube wiring in attic yeah go ahead and remove it before a fire happens.
The washer and dryer are not considered the property of the previous home owner?
That's so sad that this person had a mortgage & couldn't keep up with the payments & as a result had to be evicted. How sad is that? Now the bank will sell it for dirt cheap. Banks should work with people who have mortgages & have fallen on bad times. This video was the saddest by far. I hope the person has help & is doing well.
No, they sold the house and wouldn't move.
I feel bad for the person who lost his home. I'm sure he has a sad story. Hopefully he will get help finding a new home and doesn't end up on the streets
He did not lose it. He sold it
Beautiful floor
How sad. I hope this person is doing okay