Posted: 1/22/2022 10:11:03 AM EDT
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Raw land around here is going for $5k per acre. Read in the paper that there was a court house auction going on yesterday for a Foreclosure and County Property Tax Lien. Showed up an hour early and peeked at the plat map go to get an idea where it's located. Then went and learned how much taxes were owed on it - 5 years totaling $890. Showed up for the auction. The bank said the owner passed away and they they contacted his son who said he didn't want anything to do with it. A lawyer for a local law firm on the square led the auction. The bank started the auction at $4500. It was 14F outside and there were only 2 of us bidding on the land. I won the final bid at $7400. The Law Firm wanted cash but wold give me till Monday. I'm flying to Florida Monday. I keep a small account at the same local bank for checks I receive. Talking with the bank the fastest way to get cash would be to do a cash advance on my 2 credit cards. A wire transfer would be possible from the bigger banks I use, but could get delayed. I did a cash advance on 2 of my credit cards. Then I found myself walking back and forth from the Law Office to the Court House. I got the Deed and registered it with the county. Monday I'll hear back on the taxes. The property is located about 30 minutes from my house. The neighborhood isn't the nicest one. There are a couple well maintained homes but then there are run down trailers. The property comes with a trailer plus lots of crap - trash from the overhead view. There looks to be a pond in the back of the property. The overhead view shows a couple vehicles. I'm heading there today to explore the trailer / property. Bringing a friend with me who is a Reserve Deputy for the County. As far as I know, the property is empty. This could be an interesting treasure hunt. I haven't decide what to do with it yet other than clearing all the trash off the land. May flip it or hold on to it. This is my 3rd property. TLDR - bought a meth lab on 5.7 acres. Will post pics and possibly video later today. Google Earth view Attached File |
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Quoted: Congrats! Which part of the state? We sold 50 acres in NEMO a year ago for $2500/acre. Kinda wish now I had held onto it longer but I want something closer to KC. Probably gonna be at least $5k per for what I want. The property is located in Ozark County, MO. |
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Quoted: That is a consideration of mine. The local Fire Chief is a friend, he might want to do some training on it. Quoted: Quoted: Best advice, burn the trailer. After a rainy day That is a consideration of mine. The local Fire Chief is a friend, he might want to do some training on it. Either way, torch that thing. |
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Google earth view added to OP. Not sure if that pickup is there or not. Attached File |
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Quoted: THIS! Unless there is some crazy hazmat issue i don’t see how you can get hurt on it. Meth is just a bonus lol Quoted: Quoted: In for the photos I would like land at $5k per acre THIS! Unless there is some crazy hazmat issue i don’t see how you can get hurt on it. Meth is just a bonus lol I almost bought some property at auction here in MO and, in retrospect, I’m glad I didn’t. You really have to do your research. If there a lien on the property or there’s an environmental issue OP bought all those issues too. It’s one of those things that it can be really awesome or really terrible. |
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You didn't only buy a meth lab OP, you bought a toxic waste site. I guarantee all of their production waste went on the ground....with all the associated repercussions...for which you may become responsible.  If you can get out of this purchase....you should. If you can't, do not burn it. You're going to spend a boat load of cash in remediation....if it is actually a meth lab. This might help: https://www.fs.fed.us/lei/dangers-meth-labs.php And this: https://www.epa.gov/sites/default/files/documents/meth_lab_guidelines.pdf?VersionId=tiPBDYy5j1FYu50VrFWtQ5xmkarazoyZ 
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Quoted: I've gotten screwed every time I try to do that. Win the bid and then wait a year only to have some long lost relative swoop in and pay the tax bill at the last minute. I think it's rigged and county employees are hooking up family and friends. Are you out of the money you put in for the auction when that happens? |
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Quoted: I needed to get cash fast as I wouldn't be here on Monday. Quoted: Quoted: Congratulations. I'm a little bit confused what does flying to Florida have to do with anything? I needed to get cash fast as I wouldn't be here on Monday. |
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Quoted: Are you out of the money you put in for the auction when that happens? Quoted: Quoted: I've gotten screwed every time I try to do that. Win the bid and then wait a year only to have some long lost relative swoop in and pay the tax bill at the last minute. I think it's rigged and county employees are hooking up family and friends. Are you out of the money you put in for the auction when that happens? You get the purchase price back but youre on the hook for any changes you’ve made to the property. |
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Quoted: Are you out of the money you put in for the auction when that happens? Quoted: Quoted: I've gotten screwed every time I try to do that. Win the bid and then wait a year only to have some long lost relative swoop in and pay the tax bill at the last minute. I think it's rigged and county employees are hooking up family and friends. Are you out of the money you put in for the auction when that happens? At least that's how I remember it. Another MO poster can correct me if I'm wrong. |
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in for more pics Quoted: The Law Firm wanted cash but wold give me till Monday. I'm flying to Florida Monday. I keep a small account at the same local bank for checks I receive. Talking with the bank the fastest way to get cash would be to do a cash advance on my 2 credit cards. A wire transfer would be possible from the bigger banks I use, but could get delayed. I did a cash advance on 2 of my credit cards. lol wut. use a real bank 
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Friend at work did this one time. 6 months after ownership he received a letter from the EPA asking him how he was going to clean up the hazardous waste they had uncovered. Apparently the old man that owned it had been letting the local chemical company bury 50 gallon drums on it for 15 years. Shit show ensued. |
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Quoted: The property is located in Ozark County, MO. Quoted: Quoted: Congrats! Which part of the state? We sold 50 acres in NEMO a year ago for $2500/acre. Kinda wish now I had held onto it longer but I want something closer to KC. Probably gonna be at least $5k per for what I want. The property is located in Ozark County, MO. |
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Quoted: You didn't only buy a meth lab OP, you bought a toxic waste site. I guarantee all of their production waste went on the ground....with all the associated repercussions...for which you may become responsible. If you can get out of this purchase....you should. If you can't, do not burn it. You're going to spend a boat load of cash in remediation....if it is actually a meth lab. This might help: https://www.fs.fed.us/lei/dangers-meth-labs.php And this: https://www.epa.gov/sites/default/files/documents/meth_lab_guidelines.pdf?VersionId=tiPBDYy5j1FYu50VrFWtQ5xmkarazoyZ https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2Fdata.photofunky.net%2Foutput%2Fimage%2Fb%2F8%2F6%2Fd%2Fb86d21%2Fphotofunky.gif&f=1&nofb=1 As far as I know it's not a meth lab. |
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Don’t know the law in your state but in mine you can’t do anything for a year. If you remove the trailer and the “owners” claim the land back you’ll be responsible for the “value” of the trailer or anything else you remove. Basically don’t touch anything for 12 months. |