Here’s a critical tip about investing in distressed home from Kiplinger.com
Why is that deal so cheap? Why is that deal so fantastic?
There are tremendous deals out there, no doubt. But you should also be very aware of the duds. There are some distressed homes and properties that are so distressed no one should buy them and rehab them.
The distressed property may also be in an undesirable area. Nashville will be a very good example for that illustration. As summer approaches and these flooded properties dry out, they may be abandoned. That’s because people may be too afraid to return to them.
Now that we know 100 year flood plain records are not always sufficient information you need when ascertaining flood probability, you may need to just avoid investment properties near rivers or lakes.
Here’s the Kiplinger distressed property link
Smart Tips on Distressed Properties
SITTING in the office of his 20000-square-foot mansion on seven and a half acres here, Harsimran Singh Sabharwal, a real estate investor, recently shared his rags-to-riches tale: how, in 1973, he came to the United States from India …
The number of Houston distressed properties, as well as overall city foreclosure rates, recorded a jump of over sixty percent during the first quarter of 2010. The number is in comparison with the same period of a year ago.
Owners of distressed homes for sale might welcome the efforts exerted by commercial real estate companies to address distressed property problems in Roanoke, Virginia. A handful of commercial real estate agents have launched company …