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Would You????

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    HipoGear started this thread.
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    Would You????

    So I went to look at a property today. It is not a scrap yard but sure looks like one. Take a look at these pics and give me your opinion ... would you buy a property like this if you could get it fairly cheap?

    https://scrapmetalforum.com/photos/7qFLetGKd2qhEhDc7

    There has to be at least a dozen vehicles on the property. Not sure how much of a hassle those would be. Anything earlier than 1973 I think I could get papers for but most of these are newer. Is there any way to scrap burned out vehicles?



    Anyone want to take a guess at possible scrap value here?
    Last edited by HipoGear; 05-14-2017 at 02:39 PM.
    Copper, brass, and Leather. 3 of my favorite things.

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    404 - page not found

    If the property is cheap enough ( and the local code enforcement officer doesn't care ), why not? You may want to check at the county courthouse to see if there has been any fines / liens against it due to the junk.

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  5. #3
    HipoGear started this thread.
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    Quote Originally Posted by RLS0812 View Post
    404 - page not found
    Don't know what is going on wit the link.

















    Last edited by HipoGear; 05-14-2017 at 02:45 PM.

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    Breakage's Avatar
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    I'm also getting an error message, instead of a pic.

    I agree with RLS' point about liens and code issues. Without being able to see what you are indicating, I can only speculate based on my research and experience. If it's a private sale and not a foreclosure or tax sale, the seller should be able to provide the details, though they may be reluctant to undermine their position (and aren't really compromising themselves by just outright lying to you). If it has passed into receivership or something, it gets murkier. The agents will probably not have current data unless the property was recently sold and the sellers provided the previous realtor with more information. But if the municipality is the seller, the starting price should include all liens and fines held against the property. A visit to the clerk's office would be well worth the time and costs.

    Just be wary if it is being sold as a quit-claim. It's a legitimate real estate term which has been implicated in some very obtuse and tragic scams.

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  9. #5
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    if just bored and looking for something to do sure go for it!!!!!!!!!!!!

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    nutpie's Avatar
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    Not enough information provided to say if I would buy or not. What size is the lot? Are there structures? Are the structures tear downs? What are the prices of similar properties in the area?

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  13. #7
    HipoGear started this thread.
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    Can you guys see the pictures in my second post? What I really want to know is how to deal with the vehicles.

    Specifics - tax auction, 4 acres, house with a collapsed roof that will need to be torn down.

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    Your thread is energizing. This is the focus of my retirement. As mentioned liens, fines, and back taxes have to be considered. The property looks gorgeous and something in NY that many would want to own without the metal. A small percentage of investors know the value of scrap. You have two ways to benefit, offer to clean it up for a fee or buy it outright. Using the trash on the property is a great negotiation piece either way.

    The ranch I bought 10 years ago was in a similar situation. It was the best investment I ever made.
    Give back more to this world than we take.

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    If you are in the market to buy land.. then this scrap would be the bonus on the land.
    I would not buy land.. just to get scrap.

    As many have said- check liens, and be sure to CHECK A FLOOD ZONE MAP!

    That is my biggest thing with rural property. I had a lady whose dad owned 3 parcels- all 10+ acres each.
    I was looking to possibly make a move out to the country- turns out all but about .10 acres of the 30+ acres- sat in a flood plain- i.e. no build unless major filling and or building the house raised. Hopes dashed!
    I'm so into scrapping.. When my Steel Toe Boots Wear out, I cut the Steel out of them and recycle the Toe!

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    You can use an MV-35 in NY to dispose of the vehicles. See NYSDMV on line. Some yards may not want to deal with this, but it' s perfectly legal. You will have to provide a VIN. Also some yards will take pieces of the car, as you cut them up. Don't destroy the old old truck in pic 3 or VW in pic 4. Determine other value.

    I'm in Buffalo and have been dealing with cars and scrap for a long time.

    I'll do an intro when Time permits. Read a lot but never really had anything to contribute until today.

    Good luck on your endeavor. PM if you like.

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  20. #11
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    Quote Originally Posted by HipoGear View Post
    Can you guys see the pictures in my second post? What I really want to know is how to deal with the vehicles.

    Specifics - tax auction, 4 acres, house with a collapsed roof that will need to be torn down.
    Not sure about the laws in NY, but in Maine to scrap cars without a title (bring them to a scrap yard), it is a PITA. From what I have been told, you have to prove they are wrecked, or abandoned property and so on. And dealing with the state, it takes a while to get the title. Or you can cut them up, also a PITA.

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    If you purchase the property and the cars are listed with it would or could this help you remove them down the road?

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    nutpie's Avatar
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    I would not buy the property solely for the scrap. Have a plan beyond the scrap.

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    Most vehicles like that i get are usually stripped or parted out. But you could probably make a few trailers if all the trucks are like that ranger. As for value i usually estimate complete cars to be around 2 tons. Rust buckets or stripped cars are harder to estimate but generally around 1-1.5 tons. Local yards right now are paying $3.50/hundred pounds in my area right now while the bigger guys are 6-9$/hundred. If you have a generator and sawzall with help from a grinder and splitting maul you can usually cut them in half or in thirds pretty easy. A big truck helps but ive moved stuff like that with just me and a tacoma. And although most places say you need a title for a car, half of a stripped out rust bucket is not really considered a car at most yards ive been to. Your experience may vary though. Its hard to estimate scrap value over the internet but id say you got around $5-$10k worth of metal lying around and at least one good trailerable ranger.

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  26. #15
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    I can give you great prices on the catalytic converters if they are still on the cars.

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  28. #16
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    A lawyer would be your best investment at this time. Bring all your questions to the lawyer you hire. If the lawyer steers you wrong then you can sue him for his bad advise. Lawyers know this so will help you avoid the possible pitfalls of this deal. For a "small" expense the lawyer will provide a big insurance policy for you.

    All the other advise you have been given seems to be spot on. 73, Mike
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked

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  30. #17
    HipoGear started this thread.
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    Quote Originally Posted by nutpie View Post
    I would not buy the property solely for the scrap. Have a plan beyond the scrap.
    Yes, I currently do not own any property. So this would either be my own future homestead, or I would sell it once it is cleaned up.

    Taxes will accrue. But it is assessed with the house. I would have to get a reassessment to save money there.

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  32. #18
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    But- If it has a house that will be torn down- the property already has utilities to the site- MAJOR + going for the property!
    A Site with utilities vs a plot of land that has never been inhabited- the cost savings are insane!

    Granted: You will spend $ to assess the integrity of the well, septic and other utilities- but if they are solid- you are quite a bit ahead of purchasing a plot of land without said infrastructure!

    The people you are going to bid against will also be well aware of that fact!

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  34. #19
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    I am not sure about New York, but down here in PA if there are abandoned vehicles on you can claim them ... IF [ link ]
    1: it's there longer than 24 hours
    2: you make an attempt to find the owner and inform them they have a vehicle on your property ... legally takes 3+ weeks
    3: if it is not removed, the state police may have to be contacted to document the issue
    4: after it is documented, you can claim it as your own with a local judge
    Last edited by RLS0812; 05-14-2017 at 08:34 PM.

  35. #20
    HipoGear started this thread.
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    I was looking into this quite a lot today. New York has a similar process but every form refers to a business (repair shop, towing, etc.). It is very hazy to me whether an individual can use the same forms. I guess reaching out to a lawyer might be a good move. Of course they can be sold to a registered dismantler by a private party without title. But I don't think I would want to get rid of them all that way.



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