I ran into a house that needs major foundation work. The house is listed for 200k and comps around the area are at least 800k is it worth looking into?
Is this going to be your first real estate deal?
Yes, it would be. I pretty sure I'm not ready for it so wanted to know if it's something that might be good
I don't think it's something I should be doing myself, but if someone with more experience is curious maybe they would like to analyze the property. I'm just trying to learn what I can
If it's in irreparable condition, would the land itself sell for more than 200K? You could potentially put 20K into tearing it down and making it attractive to a builder.