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Updated 23 days ago on . Most recent reply

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18
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15
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James Bolt
15
Votes |
18
Posts

Looking at house next door

James Bolt
Posted

So i bought a duplex (4/2 & 4/1 1/2) with a built-in contractor that wants to bring it back to life: Alot of cosmetic repairs. The house next door 

is truly 1 step away from the county condemning it. Bones are strong and I want to buy it: "again a built-in contractor". I wonder about back taxes, violation fines, are there anything else I should be looking for?

Most Popular Reply

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85
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73
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Brian Cauldwell
  • Lender
  • Springfield, MO
73
Votes |
85
Posts
Brian Cauldwell
  • Lender
  • Springfield, MO
Replied

Make sure that the after-repair value is high enough to meet the costs of the project. Ohio is an interesting market where you can obtain properties at a good value, but rehab costs are relatively consistent across the US. 

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