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Updated over 6 years ago on . Most recent reply

Marquis Byrd's profile image
Marquis Byrd's profile image
Marquis Byrd
  • from Woodbridge, Virginia
  • Member since Oct 6, 2014
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User Stats

9
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4
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Marquis Byrd's profile image
Marquis Byrd's profile image
Marquis Byrd
  • from Woodbridge, Virginia
  • Member since Oct 6, 2014
Connect
Marquis Byrd
  • Woodbridge, VA
4
Votes |
9
Posts
Buying & Selling Real Estate

Potential investment with serious mold problem.

Marquis Byrd
  • Woodbridge, VA
Posted
I ran across this property that has the potential to be a really good investment but the ENTIRE house has an extremely bad mold issue and it needs major repairs. The property is in foreclosure and ARV is $555,000. The bank wants from what I’m reading $437,000. Please give me your thoughts and what you think I should try to offer the bank. I plan on going the hard money lender route. This would be my first property.
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