I want this condemned/chapter 13 house
Hello,
Here it is. There's a house at the end of my street that is condemned, the owners were hoarders and have filed for chapter 13. I want this house. Not only to take control and eliminate the eyesore but to raise all of our property values. Not only that but to have a rental practically next door! One problem. I'm between jobs and need an investor. I do however have time to wholly take on the project. I can clean up and do the smaller jobs myself. I have an incredible contractor willing to do the renovation. The owners still owe about ~58k and I think the house would be worth around $110k-$125k once renovated. Mine is. And this one is a bit more charming. It's also at the end (of the street, no neighbors/more privacy on one side) adjacent to the city pool and a park that's about to be upgraded by the city. We are actually waterfront to a large creek (small river size).
I'm located in Warren, Pennsylvania.
Comps sold for ($129,900)/($125,000)/($87,000(needed two new bathrooms))/($114,000)/($225,000)/($103,000).
What do you think?