Updated about 11 years ago on . Most recent reply
Doing a deal with bank owned property?
I have a potential deal that I may want to do, I wanted to get some insight from the members here. The property is bank owned in foreclosure and is a 4br 2ba with 1880 sq ft for $14,900. It needs about $25-30k in repairs. The comps in the area aren't good. 2 or 3 similar sized properties sold for $90,000 to $165,000 back in April, but most of the others went for around 40 and 50k(possibly because they needed rehab too) I can send over pictures and comps if anyone wants to help me analyze this deal, it would be my first? What questions should I ask the listing agent about the property? It's been on the market for a while.