Inherited a Gutted St. Louis Property With Back Taxes, Sold As-Is in 30 Days
I inherited it but I couldn’t afford to rehab it. It was gutted, needed a roof, and every day I held it I was losing money. They gave me a fair offer as-is and we were done in about a month.
– The seller
Inherited a House You Can’t Afford to Fix
A 1947 home, 3 beds, 1 bath, unfinished basement. The seller inherited it, and inherited a problem. The property had been completely gutted. It needed a new roof. The foundation was sound, but everything above it was scope of work he couldn’t afford. The house sat vacant. Taxes kept coming. The neighborhood made him nervous about vandalism and squatters. He’d called other investors who wanted to “come look at it.” He didn’t want to keep waiting. He told us flat out: he wanted to be done in 30 days or less, and he’d take something close to $20,000 as-is.
Sold Inside 30 Days
He set the timeline. We met it.
No Rehab Quotes to Chase
The team didn’t ask him to get contractor bids or estimate roof cost.
Stopped the Carrying Costs Cold
Every day he held the house, taxes accrued and risk grew. Closing ended that.
Here’s What Happened
A gutted inherited property, sold in under 30 days
Intro
Why a Traditional Listing Wasn’t an Option
A gutted, no-roof, no-utilities house doesn’t list on the MLS in any normal way. Even if a retail buyer showed interest, it would need rehab financing, and the seller wasn’t going to wait 90 days for a deal that might still fall apart. He also wasn’t going to pour money into a property he didn’t want.
Turning point
Finding a Solution That Worked
Chris offered $18,000 as-is, close to his $20,000 target, with full transparency about the condition and the scope. No bait-and-switch, no “we’ll reduce after inspection.” The same number on the contract was the number at closing.
The Decision
A Smooth Path Forward
The contract came together the day after the first call. He didn’t have to clean the property out (there was nothing to clean, it was already gutted). He didn’t have to be there for showings. He had a single point of contact.
The Outcome
Done in About a Month
The sale closed inside his window. The property taxes stopped. The risk of vandalism on a vacant gutted house became someone else’s problem to underwrite. He walked away with cash in hand and one less thing draining his savings.
Meet the Seller
An inherited 1947 home, gutted, with back taxes climbing
Property: 1947 home, 3 beds, 1 bath, unfinished basement
Condition: Completely gutted, no roof, no utilities
Occupancy: Vacant, at risk of vandalism and squatters
Target price: Around $20,000 as-is
Goal: Stop the carrying costs and walk away with cash
Timeline: 30 days or less
Priorities: No rehab, no contractor bids, no roof estimates
Dealbreaker: Bait-and-switch pricing or another investor who only wanted to “come look”
The Problem
An inherited 1947 home, gutted and roofless, sitting vacant while back taxes climbed and vandalism risk grew. The seller couldn’t afford the rehab and didn’t want to.
The Solution
A cash offer at $18,000 as-is, close to his target, with no inspection reduction, no contractor bids, and a contract signed the day after the first call.
The Result
Closed in about a month. Taxes stopped, vandalism risk transferred, and the seller walked away with cash and one less drain on his savings.
They gave me a fair offer as-is and we were done in about a month.
– The seller
More Seller Stories
Real homeowners. Real situations. Real results.
City Code Violations
Mark was laid off, facing a hostile city inspector, and out of 401(k) funds. Clean 60-day exit with no repairs and no fees.
Read the story →Inherited PropertyInherited Gutted Property
A gutted 1947 home with no roof, no utilities, and back taxes climbing. Bought as-is and closed in under 30 days.
Read the story →RelocationOverseas Government Posting
David had 80 days before an international government posting. No cleanout, no punch list, no deadline missed.
Read the story →Your Fresh Start Is Waiting
Inherited a property in St. Louis you can’t afford to fix, gutted, vacant, or condemned? We buy houses as-is, in any condition.
Let’s make it easy.