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Partnering Is a Great Way to Invest—As Long as You’ve Worked Out These 13 Details
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California Real Estate Q&A Discussion Forum
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Sydnie E.'s profile image
Sydnie E.'s profile image
Sydnie E.
  • from Los Angeles, California
  • Member since Jul 15, 2012
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Sydnie E.'s profile image
Sydnie E.'s profile image
Sydnie E.
  • from Los Angeles, California
  • Member since Jul 15, 2012
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Sydnie E.
  • Los Angeles, CA
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California Real Estate Q&A Discussion Forum

Probate

Sydnie E.
  • Los Angeles, CA
Posted Apr 24 2016, 13:04
Hello BP, I currently live in California. I recently came across a property that is a probate auction. I'm new to investing and wondering if any knows of any reasons why this is not a good idea to invest my time in. The property is starting at 249,000 but according to comps could sell for 6-700,000. It is in bad condition but has potential to be nice. Would be too optimistic to get an all cash lender to invest even with the return potential being so high?Does anyone know the best way to acquire this property?
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