Burned Out Property Next to My Potential Next Rental
There is a property that I'm making an offer on that has been sitting on the market for over 80 days. It is a great deal: my all-in will be around $105k and the home will rent for $1400/month.
I think that the only problem with this home is that there is a burned out property next door. It is likely to scare away most renters, so I'm a little hesitant right now to move forward with the deal.
Does anyone have any suggestions about what I can do with the property next door? Can I ask that it be boarded up and/or covered? Any recommendations would be great, thank you! :)
Most Popular Reply
Your numbers look solid. Do you have any capital expense required on this property?
i have not worked with a burned property but my general experience is that every property has a taker in current market so if the numbers are working I would want to move forward with it.
Good Luck!!