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Rehabbing & House Flipping

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37
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6
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Joe Santiago
  • Rental Property Investor
  • Addison, IL
6
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37
Posts

Condemned Properties

Joe Santiago
  • Rental Property Investor
  • Addison, IL
Posted Jul 24 2013, 07:08

I wanted to know if anyone has any experience dealing with flipping condemned properties. I spoke to motivated seller and negotiated down to a 9k purchase price before seeing the property. I negotiated based on comps in the area. I drove past the property yesterday to see a red condemned sign in the front window. What do I do now? The seller never said it was condemned. Any insight would be helpful.

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