Updated over 9 years ago on . Most recent reply
Have you ever abandoned a property after spending $$$$$?
Recently while searching for available tax delinquent properties I found 3 that were previously rehabbed then for reasons unknown to me.....abandoned. I'm talking about rehabbed to the point of being move in ready.
Has anyone here ever abandoned a property after 80-90% of the rehab has already been done?
The only reason I could think of would be because of the location (D-area) and reality kicked in that they would not get fair market value rent.