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Updated about 1 month ago on . Most recent reply

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Jimmy Rojas
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119
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Who are the ones that advetise torn down houses without fixing basic stuff

Jimmy Rojas
Posted

Im located in Phx,Az, currently looking at single family homes in the $250k range, at this price point im not expecting the homes to be move in ready but recently saw in zillow or redfin houses advertised for sale where they are literally a mess , owner/investor didnt fix a thing on the house, who does this, whole salers, are they expecting to make a quick flip as is with no fixing up at all of the house, im in the car business and that is a big risk.

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Chris Seveney
  • Investor
  • Virginia
18,583
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

In many instances, it was a lender. Most lenders are just that, a lender, and want the asset off their books as fast as possible, so they will sell it as is. 

  • Chris Seveney
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7e investments
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