@Peter Bui if the agent your dealing with is telling you the truth, why not purchase the property and rehab it. Then sell it and make $300k. How long would it take you to make that at $700 a month which I also doubt.
Hey @Joe Homs ,
That’s that’s a good idea, thank you for your advice, would you by any chance want to look at the property yourself and give some feedback. And if you think it is a good enough deal, maybe partner with me?
If the seller can’t tolerate the trashy neighbors chances are nobody else can either
What precisely is wrong with the neighbors? Are they committing code violations that code enforcement can force them to clean up? How about offering them help with cleaning up their yard and getting excess junk hauled away which can definitely increase the value your property in a buyers eye?
You should be viewing the bad neighbour as a major plus. Leverage the HOA and the municipality to force the bad neighbour out if you buy. You could then also profit from purchasing their property as well. That would be my goal.
If the seller is forced to list at 700K I would be making an offer at 600K. At that value I would make sure the neighbour was history.