Page 1 of 3 123 LastLast
Results 1 to 20 of 49

Would You????

| Scrap Metal Questions and Answers
  1. #1
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 945 Times in 409 Posts

    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 01:39 PM.
    Copper, brass, and Leather. 3 of my favorite things.

  2. The Following User Says Thank You to HipoGear for This Post:



  3. #2
    RLS0812's Avatar
    SMF Badges of Honor

    Member since
    Feb 2014
    Location
    Bucks County Pennsylvania
    Posts
    895
    Thanks
    155
    Thanked 633 Times in 358 Posts
    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.

  4. The Following 3 Users say Thank You for This Post by RLS0812:


  5. #3
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 945 Times in 409 Posts
    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 01:45 PM.

  6. The Following 2 Users say Thank You for This Post by HipoGear:


  7. #4
    Breakage's Avatar
    SMF Badges of Honor

    Member since
    Aug 2016
    Posts
    297
    Thanks
    242
    Thanked 273 Times in 149 Posts
    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.

  8. The Following User Says Thank You to Breakage for This Post:


  9. #5
    mikeinreco's Avatar
    SMF Badges of Honor


    Member since
    Dec 2011
    Location
    TENNESSEE
    Posts
    4,972
    Thanks
    1,257
    Thanked 5,023 Times in 2,350 Posts
    if just bored and looking for something to do sure go for it!!!!!!!!!!!!

  10. The Following User Says Thank You to mikeinreco for This Post:


  11. #6
    nutpie's Avatar
    SMF Badges of Honor


    Member since
    Feb 2014
    Location
    maine
    Posts
    441
    Thanks
    379
    Thanked 404 Times in 227 Posts
    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?

  12. The Following User Says Thank You to nutpie for This Post:


  13. #7
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 945 Times in 409 Posts
    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.

  14. #8
    Patriot76's Avatar
    SMF Badges of Honor


    Member since
    Dec 2012
    Location
    Buffalo Commons
    Posts
    2,949
    Thanks
    10,589
    Thanked 7,220 Times in 2,256 Posts
    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.

  15. The Following 3 Users say Thank You for This Post by Patriot76:


  16. #9
    sledge's Avatar
    SMF Badges of Honor


    Member since
    Nov 2012
    Location
    Central Indiana
    Posts
    2,717
    Thanks
    4,534
    Thanked 4,240 Times in 1,609 Posts
    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!

  17. The Following 5 Users say Thank You for This Post by sledge:


  18. #10
    SMF Badges of Honor

    Member since
    Apr 2013
    Location
    western ny
    Posts
    83
    Thanks
    134
    Thanked 123 Times in 56 Posts
    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.

  19. The Following 4 Users say Thank You for This Post by btkr:


  20. #11
    nutpie's Avatar
    SMF Badges of Honor


    Member since
    Feb 2014
    Location
    maine
    Posts
    441
    Thanks
    379
    Thanked 404 Times in 227 Posts
    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.

  21. #12
    hobo finds's Avatar
    SMF Badges of Honor


    Member since
    Nov 2010
    Location
    tucson, az
    Posts
    4,746
    Thanks
    6,035
    Thanked 5,906 Times in 2,555 Posts
    If you purchase the property and the cars are listed with it would or could this help you remove them down the road?

  22. #13
    nutpie's Avatar
    SMF Badges of Honor


    Member since
    Feb 2014
    Location
    maine
    Posts
    441
    Thanks
    379
    Thanked 404 Times in 227 Posts
    I would not buy the property solely for the scrap. Have a plan beyond the scrap.

  23. The Following User Says Thank You to nutpie for This Post:


  24. #14
    ScrapmanIndustries's Avatar
    SMF Badges of Honor


    Member since
    Feb 2017
    Location
    Easton, Pa
    Posts
    361
    Thanks
    99
    Thanked 303 Times in 132 Posts
    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.

  25. The Following User Says Thank You to ScrapmanIndustries for This Post:


  26. #15
    APA's Avatar
    SMF Badges of Honor


    Member since
    Mar 2016
    Location
    Western Pennsylvania
    Posts
    628
    Thanks
    638
    Thanked 545 Times in 289 Posts
    I can give you great prices on the catalytic converters if they are still on the cars.

  27. The Following User Says Thank You to APA for This Post:


  28. #16
    SMF Badges of Honor



    Member since
    Jul 2011
    Location
    Jacksonville, NC
    Posts
    4,917
    Thanks
    15,632
    Thanked 5,861 Times in 2,713 Posts
    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

  29. The Following 5 Users say Thank You for This Post by miked:


  30. #17
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 945 Times in 409 Posts
    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.

  31. The Following 5 Users say Thank You for This Post by HipoGear:


  32. #18
    sledge's Avatar
    SMF Badges of Honor


    Member since
    Nov 2012
    Location
    Central Indiana
    Posts
    2,717
    Thanks
    4,534
    Thanked 4,240 Times in 1,609 Posts
    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!

  33. The Following 4 Users say Thank You for This Post by sledge:


  34. #19
    RLS0812's Avatar
    SMF Badges of Honor

    Member since
    Feb 2014
    Location
    Bucks County Pennsylvania
    Posts
    895
    Thanks
    155
    Thanked 633 Times in 358 Posts
    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 07:34 PM.

  35. #20
    HipoGear started this thread.
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 945 Times in 409 Posts
    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.



Page 1 of 3 123 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook