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Greg P.
  • Los Angeles, CA
50
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717
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Would you buy this House? Murder

Greg P.
  • Los Angeles, CA
Posted

Hello, would you buy a house that the son killed his mom and burnt the house down to flip?

Here are the numbers:

Purchase Price - $50k
Rehab Cost - $60-65k
ARV - $220-250k

There is a lot of room here, but I have never sold a murder house before and I know I wouldn't want to buy it, but someone has to do it..

Please let me know your thoughts.

Thank you.

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2,350
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Brian Burke
  • Investor
  • Santa Rosa, CA
7,100
Votes |
2,350
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Brian Burke
  • Investor
  • Santa Rosa, CA
Replied

Been there, done that, and it worked out fine. Get a big enough discount, and price it a little under market when you resell. Someone won't be able to resist the underpriced property and will look past the past.

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