HELP ME WITH MY FIRST DEAL, PLEASE!!!!
Ok, so I am pursuing a motivated seller that has three properties he wants to get rid of BUT when I look at the tax information for the properties, its listing them as storage spaces. He only wants $5k for all three properties. Its in a kind of negative part of town but for $1.6k for each property, do you think its worth the time and effort? Two properties are duplexes and the other is a single family home. They all need complete rehabs and the comps for the area aren't too bad but for some reason, we can't find the tax value on each property. Its listing all three under on tax card and on that its only showing a appraisal value of roughly $15k.
So with your experience and advice, what would you do?