Condemned property = Flip ?
I have been driving by a house located not far from my current residence. I stopped by to see the notice on the boarded up garage which was from the city and deemed the property "condemned." I am not sure who owns the property (bank or stated name on the document dated august of this year) but I am extremely curious to know how people feel about renovating "unsafe" structures. Thoughts?
Ideally, I'd love to flip or cash out refinance if I could find a partner with the capital. That part will come later perhaps but I'd like to find out about the initial situation before anything. The document stated "existing plumbing is in need of repair, existing electrical wiring needs correcting, interior walls and ceiling are in need of repair." The windows and doors are boarded up at the moment. The lawn seems maintained in both the front and back. Thanks BiggerPockets community!