12/22/2019
My Son and i just completed a site visit for a property we thought had some potential...wrong! The home was beat up but we thought if we were able to get it at a deep discount we could still make a few things happen.. the problem was this house was a complete mess inside and out a total gut renovation to the studs.. as we walked around the house i noticed the foundation stones appeared to be broken..in many areas, and the inside was just as bad. The owner said he was a Fix & Flipper but had too much on his plate to rehab it. We asked home how long he had it he said for two years? The boiler is not working and he has people living in the property paying him rent? He asked for 150K..but were able to lower the price to 100k before the walkthrough. After the walkthrough We realized it was time to walk away.. just before we drove off i glanced over and noticed a posting on one of the front doors. It was a notice from the County advising the home is not safe for occupancy.. basically it was condemned...and the seller was trying to unload it on someone/us. Moral of the story.. Be very cautious when doing deals.
