Not All My Real Estate Deals Work Out: House Tear Down Update
Вставка
- Опубліковано 6 вер 2024
- This was a property I have had for a few years and it has not gone as planned at all. We have a new idea and hopefully this helps the property turn into less of an awful investment.
For coaching or consulting check out: learn.investfo...
To get the free book showing how I got started in real estate click here: investfourmore.com/yt
----
InvestFourMore Instagram page: / investfourmore
----
InvestFourMore Insider club: investfourmore...
----
Direct Coaching with me: investfourmore...
------
My books: amzn.to/2VGI6a9
Here it was when I first bought it. ua-cam.com/video/DrnuvqAODm8/v-deo.htmlsi=ovGNnq_spSpHs3ko
I know a guy that bought a property like this and he let the local fire department use it for practice. They burnt it down. Saved him some money in demolition costs.
Sometimes that works but not in this case. They did not want to do that here
Insurance companies and OSHA have stopped those practices. Too many volunteers have died doing this.
Your plan and logic made sense to me. You got it ready for a new owner by getting the crap work out of the way. It's the local gov that gets in the way of progress...for NO GOOD REASON. The new storage plan is a great idea!
Oh, they have a reason $$$$$ and the buddy system.
Thanks!
Looks like a perfect site for used tire storage.
lol
😂
Your project manager Nikki is worth her weight in gold! 🙌✨
yes
Drop some sea cans on the fenced-in lot and rent them as storage. You can even pour a slab the width of a sea can and buy modified sea cans with overhead man doors that form smaller units. Have one like this, rural, does great.
Ahhh yes, bureaucracy! I was convinced us Germans had that market cornered, but Colorado seems to be closing in 👏🏻
We are on your tail!
sounds like colorado has turned into california
trying to
When I hear stories of 70k for water I always shake my head. We have a housing shortage apparently. Well maybe just maybe it's because it's so hard for a person to build a new house. Maybe it's because the permit process is untenable. The same idiot politicians scream they want affordable housing but at the same time make it impossible to achieve. Rant done.
exactly
In many parts of the country there is demand for contractor temporary storage for contractors with ongoing projects in the area to store their equipment and materials to prevent theft during off hours at their unsecured construction sites.
70 thousand for just water and we keep letting millions steal residency that other countries at least sell for $500,000 a pwrson. Going to be tough for our children and grandchildren
Is there a need for actual storage units? I suppose it would be another city/gov nightmare. I think locked open storage is a great idea! Hope it works out well for you!!
wow I was just thinking about this one. At the time I was sad you tore the house down, but it would have been soo much work. Taking homes from a fully gutted state isn't the kind of work that you do so I understand why you did it.
Too bad that piece of land isn’t here in Texas! We have a shortage of places for truck drivers to park their rigs for short term purposes.
Hi, Mark 🖖Thanks for the update. I believed it'd been sold... Other comments mentioned security.. IMHO, along with the high fencing, go a step or two further. Build a small structure with working amenities and utilize the water rights. It'll go towards the security of the place. Rent it out, etc. The property can only increase in value. Await the possibility of a gas station, minimart, rest stop, truckstop.. if/when the council gives you planning permission. 🖖🙏
Why wouldnt be able to use well in lieu of city water
Water rules here. If you leave the property as is you might have been able to keep both but doing anything new they want to get rid of any wells if there is a tap available.
@@investfourmorethanks for explaining that to me. It sounds like they want to force you to have to hookup to city water to charge you. Not willing to let well be used because thats free
Can you do a portion as a storage unit facility vs heavy equipment lot style?They usually have a live on sight manager apartment but that would require the water connection
Can you explain in a short or a video about buying water shares work?
search city of thornton and investfourmore,. i talk about it htere
ua-cam.com/video/vPX_z_Lb2QI/v-deo.html
Thanks for the update Mark. I remember when you purchased this property. Storage facility would seem to make the most sense given what you've told us. Please show the fencing and paving work!
Sorry this was am ordeal for you. Everything happens for a reason and there is a blessing at the end of this. 😊
After watching your videos for the past couple of years I’m completely soured on Colorado’s government. If I were you I’d sell everything and I would move to a new state where it’s easier for you to do what you enjoy doing without all of the awful bureaucracy
I'm a bigger fan of well water. Too bad you had to tear it down looks like nice farmland behind it.
Thank you for update on this property.
You bet
Sounds like a great place for a flower/herb farm with water.
There are several established greenhouses/floral businesses in/near Greeley
What kind of things would people want to store there? Wouldnt their stuff be open for theft and vandalism? You better build a very tall fence with barbed wire and add lots of security features.
It's incredible to me how much of the structure can be compromised and the house still stands. I have to wonder that even if a foundation and subfloor is compromised, will the rest of the house still hold up?
Remeber this one. Sad to see homes going down but no choice not safe to reuse it again. Now putting up a privacy fence with a lock gate is a smart thing to rent it out for now.
Any advice on getting down payment assistance in Northeast Iowa for a first time homebuyer
talk to local lenders!
Interesting video
Very!
Hey Mark - would you have had more flexibility if you had modified the existing structure? I know it was rough, but sometimes updating an existing building allows you move a lot faster with less permitting required?
What would you have used it for?
Here is more info on water in our area as well ua-cam.com/video/vPX_z_Lb2QI/v-deo.html
What regulations what fees do you need for a porta potty, & maybe a picnic table... not everybody wants to do things all natural or get popped for exercising bodily functions in public.... just in case there are any schools or bus..routes along the way... Laxvespa---LosAngeles
how about for people that want to park boats and RVs
maybe, that would take a little more management
Didn’t you do a Timelapse on this tear down? For some reason I thought you did….Or am I thinking of something else?
get a mobile office trailer
Almost sounds like we would need Oprah's money, and a 21 year old's youth to actually do something with the property.
I think if you simply place a shed on the property, and that's it, that might help get it rented.
Great video
You could build a 12 bay extreme car wash / Laundromat / Postal Mega center extraordinaire ! Surely your guys can learn to do simple cinder block construction. LOL
It is not about consturcting it but getting approval and setbacks and traffic studies and drainage and water
Why don't you with a couple of other guys just huff and puff, it looks like it would of fall down easily. It would of save you a lot of money.