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Updated almost 10 years ago on . Most recent reply

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14
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1
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Lucila Kerlakian
  • Investor
  • Henderson, NV
1
Votes |
14
Posts

Property Next Door devaluing my purchase

Lucila Kerlakian
  • Investor
  • Henderson, NV
Posted

Hi, 

I am about to purchase a property to flip. The house is in a good neighborhood, good shape and does not need much rehab work. The only thing I am hesitant about is that across the street, there is a property with a weird construction: a garage with a huge (metal) roof, which could be visually disturbing for some people. It is actually a very good deal, but I am afraid that this feature could delay the flip/ reduce my margin. What is your advice? 

Most Popular Reply

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788
Posts
284
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Bryan H.
  • Investor
  • Willow Spring, NC
284
Votes |
788
Posts
Bryan H.
  • Investor
  • Willow Spring, NC
Replied

I did a flip in an area next to a run down, weeds growing out the roof, vacant property. Didn't affect the sale of my property one bit. 

I just checked to see what the house looked like on Google street view. 

https://www.google.com/maps/place/Ferndale,+MI/@42...

My flip is on the left, the vacant one on the right. My contractor is in the driveway. 

Flip after

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